Wealth-X Examines Impact of Global Market Volatility Among the Ultra Wealthy

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Wealth Intelligence Leader Releases Q1 Briefing Reports for the Luxury and Finance Sectors

Wealth-X, the global authority on wealth intelligence, has released Q1 briefing reports for both the luxury and financial services sectors. Each report analyses the global factors that influenced the spending and investment behaviors of ultra high net worth (UHNW) individuals during the first quarter of 2016 and provides a forecast of these trends for the months ahead.

The Wealth-X Q1 Luxury Briefing identifies several key consumer-driven trends, including:

  •     Global market volatility is leading the ultra wealthy to seek out luxury items that they consider a long-term investment, such as paintings which will appreciate in value as opposed to luxury apparel - while we will not see a significant change in overall spending by UHNW individuals, we will see a transition in that spending over the coming months
  •     Chinese luxury consumers are experiencing several factors that affect spending, including the Chinese government’s anti-corruption efforts and currency devaluation, however these consumers will continue to be a long-term driver of growth due to cultural expectations for the wealthy in China to show off their success
  •     Luxury brands will continue their investment in digital capabilities to appeal to a new generation of luxury consumers by integrating engaging digital luxury narratives with their existing retail strategy

View the complete Wealth-X Q1 2016 Luxury Briefing here: http://bit.ly/1XEsxaD

The Wealth-X Q1 Finance Briefing examines global issues that influenced the ultra wealthy and the wealth management sector, including:

  •     While UHNW individuals’ wealth is largely not exposed to the volatility of global equity markets, there is a heightened psychological impact prevalent in second generation UHNW individuals who see a loss of wealth as deeply concerning, while the first generation believes they can earn it back
  •     Depressed prices in oil production are stalling wealth creation in the Middle East and it remains to be seen how governments in the region can create a work culture and business environment conducive to creating new wealth
  •     Market turmoil has highlighted ultra wealthy clients’ lack of trust in their advisors, reinforcing a view they have had since the financial crisis in 2008, and the push to gain UHNW clients’ trust remains the most prominent wealth management trend of the decade

View the complete Wealth-X Q1 2016 Finance Briefing here: http://bit.ly/1qn2SZ2

About Wealth-X: Wealth-X is the global authority on wealth intelligence, providing sales, marketing, strategy and compliance solutions to clients in the financial services, luxury, not-for-profit and education sectors. Its award-winning research and thought leadership are regularly cited by the world’s media such as CNBC, Financial Times, Thomson Reuters and BBC. Wealth-X has more than 250 staff in 10 global centers, including Singapore, London and New York.

For more information please visit http://www.wealthx.com

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