Ultra-high net worth individuals (UHNWIs) correspond to less than 1% of the global HNWI population.
Albany, NY (PRWEB) January 23, 2015
The report states that the ultra-high net worth individuals (UHNWIs) correspond to less than 1% of the global HNWI population. The overall market accounts for around 33% of global HNWI wealth.
The report covers an in-depth analysis of the attitudes of private bankers and wealth managers towards different business strategies in the world and provides profound insights into the complex needs of UHNWIs in developed markets and regions too.
Browse report details with table of contents at: http://www.researchmoz.us/insight-report-business-strategies-for-targeting-uhnwis-in-asia-pacific-report.html
Asia-Pacific is the most lucrative region representing business opportunities to a mass of wealth managers and private bankers due to the rise in both wealth and HNWI population in this region. This report examines effective business strategies in order to target HNWIs and UHNWIs fanned out in Asia-Pacific regions. High-net-worth individuals (HNWIs) in the Asia-Pacific vary in consumer preference, culture, and financial literacy, and thus, they highly differ from the HNWIs in the developed countries of Europe and North America.
In the recent past, the Asia-Pacific region has attracted a number of wealth managers and private bankers to augment their client base through development of private banks and wealth management firms. Asia-Pacific has faced a rise of philanthropy in most of its lower-income countries such as China, India, Malaysia, and Indonesia. This is one of the main trends that will enhance further growth of wealth management in this region.
The report on the business strategies for targeting UHNWIs in Asia-Pacific also focuses on important areas such as client, expansion, and marketing strategy and most importantly highlights business strategies to target expatriates, non-domicile individuals, and mobile entrepreneurs in the region. The study report also covers the best methods to target HNWIs on financial services and products offering information about key countries with lower-income and higher-income.
The report helps the readers to make robust business decisions and build better understanding about the business strategies to target UHNWIs effectively. Comprising over 110,000 individuals, the report uses HNWI database to provide a global snapshot of the UHNWI market, including market sizing and forecasts. The study report also highlights the needs of UHNWIs in private banking services and wealth management, smaller client segments yielding profitable returns than mass affluent, information on the UHNWI family business owners rising in the emerging markets and also discusses the majority of UHNWIs (with about 48.1% as entrepreneurs) who have earned their wealth or run an established family business.
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The rate of UHNWIs is also increasing in the emerging markets, including Brazil, Russia, India, China and South Africa. An in-depth market analysis on the financial product and service offerings, as well as the UHNWI wealth and competitor strategy for these markets is covered in the report too.
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