German Wealth Industry Future Discussed in Most Recent Topical Study Now Available at MarketPublishers.com
London, UK (PRWEB) May 03, 2012
After the US, Japan and China, Germany has the fourth highest number of HNWIs and, behind the US and Japan, the third highest number of Ultra HNWIs in the world. Over the forecast period, HNWI volumes are expected to increase by 16.5%, at 3.1% CAGR, to reach just over 1.4 million individuals in 2016. The total wealth of Germany’s HNWIs is forecast to grow by 20%, with a CAGR of 3.8% in the years to 2016.
Last year, the German wealth management sector had assets under management (AuM) of over USD 1 trillion, which is almost 28% of the total wealth of Germany’s HNWIs and well above the global average of 20%. German HNWIs account for around 57% of the total AuM of Germany’s wealth management sector, meaning that 16% of total German HNWI wealth is managed by the German wealth management sector.