Global Wealth Management Report 2017: Competitive Dynamics - Swiss and US banks continue to dominate the ranks of the top five wealth managers by AUM - ResearchAndMarkets.com

DUBLIN--()--The "Global Wealth Management: Competitive Dynamics" report has been added to ResearchAndMarkets.com's offering.

"Global Wealth Management: Competitive Dynamics", benchmarks the world's leading wealth managers by managed client assets and financial performance. It covers the 34 most prominent institutions, including standalone private banks and wealth managers, as well as competitors that are part of larger universal financial groups. All international wealth managers with over $100bn in private client AUM are featured in the report.

At the end of 2016, client assets managed by the world's top private wealth managers had grown by about 6.1% to cross a record $10tn. While a welcome return to growth after 2015's lackluster performance, the growth was fueled more by higher asset prices and the general appreciation of HNW assets rather than strong net new money. The leading wealth managers are still struggling to grow market share, highlighting the enduring competition from smaller boutiques and family offices.

Key findings included in this report:

  • Private wealth managers are continuing to face difficulties in growing net inflows, highlighting the competition from smaller players in the market.
  • Higher costs are resulting in higher assets under management (AUM) thresholds at the private wealth management arms of most competitors, constraining the size of the potential client base but helping to maintain margins.
  • Many top wealth managers have been prioritizing margins and profits, resulting in de-risking as fines and legal settlements remain one of the major costs incurred by the industry.

Key Topics Covered:

1. EXECUTIVE SUMMARY

1.1. AUM growth has revived, driven by higher HNW assets around the world

1.2. Key findings

1.3. Critical success factors

2. BENCHMARKING WEALTH MANAGERS BY CLIENT AUM

2.1. Growth in Super league assets accelerated in 2016, riding a market expansion

2.2. Swiss and US banks continue to dominate the ranks of the top five wealth managers by AUM

2.3. The biggest movers among the top wealth managers were mostly growing

2.4. The wealth business has not been reshaped significantly yet

2.5. Top AUA rankings are primarily a North American affair

2.6. Net new money to the wealth management elite continued to decline in 2016

3. BENCHMARKING WEALTH MANAGERS BY FINANCIAL PERFORMANCE

3.1. Group performance was ok, wealth performance was better

3.2. The cost-to-revenue ratio declined dramatically in 2016 but there is little expectation that this can hold

4. APPENDIX

Companies Mentioned

  • ABN Amro
  • Bank of America Merrill Lynch
  • Barclays
  • BNP Paribas
  • BNY Mellon
  • Bank of China
  • Bank of Montreal
  • Charles Schwab
  • China Merchants Bank
  • Citigroup
  • Citi Private Bank
  • Crédit Agricole
  • Credit Suisse
  • Deutsche Bank
  • DBS
  • EFG Financial
  • Goldman Sachs
  • HSBC
  • HSBC Private Bank
  • JP Morgan
  • Julius Baer
  • Morgan Stanley
  • Northern Trust
  • Pictet
  • Royal Bank of Canada
  • RBC
  • Royal Bank of Scotland
  • RBS
  • Santander
  • Société Générale
  • Standard Chartered
  • UBS
  • US Trust
  • Vontobel
  • Wells Fargo

For more information about this report visit https://www.researchandmarkets.com/research/73c9kw/global_wealth?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Wealth Management

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Wealth Management