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Ultra HNWIs in Australia 2013

  • August 2013
  • -
  • WealthInsight
  • -
  • 99 pages

Synopsis

• This report is the result of WealthInsight’s extensive research covering the high net worth individual (HNWI) population and wealth management market in Australia.
• The report focuses on HNWI performance between the end of 2007 (the peak before the global financial crisis) and the end of 2012. This enables us to determine how well the country's UHNWIs have performed through the crisis.

Summary

This report reviews the performance and asset allocations of Ultra HNWIs in Australia and highlights top-performing cities. It also includes an evaluation of the local wealth management industry.

Scope

• UHNWI volume, wealth and allocation trends from 2007 to 2012
• UHNWI volume, wealth and allocation forecasts to 2017
• UHNWI asset allocations across 13 asset classes
• Number of UHNWIs in each state and all major cities
• Fastest growing cities and states for UHNWIs (2008-2012)
• Number of wealth managers in each city
• City wise ratings of wealth management saturation and potential
• Details of the development, challenges and opportunities of the Wealth Management and Private Banking sector in Australia
• Size of the Australian wealth management industry
• Largest domestic private banks by AuM
• Detailed wealth management and family office information
• Insights into the drivers of HNWI wealth

Reasons To Buy

• The WealthInsight Intelligence Center Database is an unparalleled resource and the leading resource of its kind. Compiled and curated by a team of expert research specialists, the database comprises dossiers on over 60,000 HNWIs from around the world.
• The Intelligence Center also includes tracking of wealth and liquidity events as they happen and detailed profiles of major private banks, wealth managers and family offices in each market.
• With the Database as the foundation for our research and analysis, we are able obtain an unsurpassed level of granularity, insight and authority on the HNWI and wealth management universe in each of the countries and regions we cover.
• Report includes comprehensive forecasts to 2017.
• Also provides detailed information on UHNWIs in each major city.

Key Highlights

• There are 2,741 UHNWIs in Australia. Of this total, there were 23 billionaires, 625 centimillionaires and 2,093 affluent millionaires in 2012.
• The number of UHNWIs in Australia increased by 23% from 2,227 individuals in 2007 to 2,741 in 2012. This was slightly higher than the increase of 19.7% recorded by core HNWIs.
• The number of billionaires increased by 40%, while the number of centimillionaires and affluent millionaires both increased by 23%.
• WealthInsight expects the number of UHNWIs to increase by 33%, to reach 3,647 in 2017. This will comprise 28 billionaires, 835 centimillionaires and 2,784 affluent millionaires. With US$331 billion in total combined wealth, Australian UHNWIs hold 37% of the total wealth of the country’s HNWIs, which is in line with the global average of 30%. This reflects the well-developed nature of the local wealth market.

Table Of Contents

Ultra HNWIs in Australia 2013
Table of Contents
1 Introduction
1.1 Details of this Report
1.2 Definitions
2 Executive Summary
3 Wealth Sector Fundamentals
3.1 Political Background
3.2 Economic Background
3.3 Benchmarking Australia Wealth in Context
3.3.1 World statistics
3.3.2 Distribution of wealth in Australia
3.4 HNWI Volume and Wealth Trends
4 Findings from the WealthInsight HNWI Database
4.1 Trends in HNWI Wealth to 2017
4.1.1 HNWI trend analysis
4.1.2 Trends of the wealth bands
4.1.3 Demographic breakdown of HNWIs
4.1.4 HNWIs - job titles
4.1.5 HNWIs - industry breakdown
4.1.6 HNWIs - industry performance
4.1.7 HNWIs - breakdown by city
4.1.8 HNWIs - city performance
4.1.9 HNWIs - city population densities
4.1.10 HNWIs - city forecasts
4.1.11 HNWIs - breakdown by state
4.1.12 HNWIs - state performance
4.1.13 HNWIs - state population densities
4.2 UHNWIs
4.2.1 UHNWI volume trend analysis
4.2.2 UHNWI wealth trend analysis
4.2.3 Demographic breakdown of UHNWIs
4.2.4 UHNWIs - Industry Breakdown
4.2.5 UHNWIs - city breakdown and performance
4.3 UHNWIs - Billionaires
4.3.1 Billionaire volume trend analysis
4.3.2 Billionaire wealth trend analysis
4.3.3 Billionaire per capita net worth trend analysis
4.3.4 List of billionaires
4.4 UHNWIs - Centimillionaires
4.4.1 Centimillionaires volume trend analysis
4.4.2 Centimillionaires wealth trend analysis
4.4.3 Centimillionaires per capita net worth trend analysis
4.5 UHNWIs - Affluent Millionaires
4.5.1 Affluent millionaire volume trend analysis
4.5.2 Affluent millionaire wealth trend analysis
4.5.3 Affluent millionaire per capita net worth trend analysis
4.6 Core HNWIs
4.6.1 Core HNWI volume trend analysis
4.7 Core HNWIs - Mid-Tier Millionaires
4.7.1 Mid-tier millionaire volume trend analysis
4.7.2 Mid-tier millionaire wealth trend analysis
4.7.3 Mid-tier millionaire per capita net worth trend analysis
4.8 Core HNWIs - Lower-Tier Millionaires
4.8.1 Lower-tier millionaire volume trend analysis
4.8.2 Lower-tier millionaire wealth trend analysis
4.8.3 Lower-tier millionaire per capita net worth trend analysis
5 Analysis of Australian HNWI investments
6 Competitive Landscape of the Wealth Sector
6.1 Competitive Landscape
6.1.1 Private banks
6.1.2 Wealth managers
6.1.3 Family offices
6.1.4 Financial advisors
6.2 Developments in Australian Private Banking Industry
6.3 Australian Wealth Management Industry - Clientele Model and Maturity
6.4 Behavioral Mapping of Wealth Management and Private Banking in Australia
6.5 Financial Services Review
6.5.1 Retail banks
6.5.2 Hedge funds
7 Appendix
7.1 Regulations on taxes
7.2 Key Drivers
7.2.1 LC to US$ exchange rate
7.2.2 Real GDP growth
7.2.3 Per capita GDP
7.2.4 Domestic market capitalization
7.2.5 Commodity index
7.2.6 Foreign direct investment
7.2.7 Inflation rate
7.2.8 Interest rate
7.2.9 Balance of payments
7.2.10 Government debt
7.2.11 Stock market performance
7.3 Wealth Breakdown
8 About WealthInsight

List of Tables

Table 1: HNWI Wealth Band and Group Definitions
Table 2: Major States in Australia 2012
Table 3: Largest Cities in Australia 2012
Table 4: Fastest Growing Cities in Australia by Population, 2006-2011
Table 5: Australian HNWIs - Volume Distribution Wealth Pyramid, 2012
Table 6: Australian HNWIs - Wealth Distribution Wealth Pyramid (%), 2012
Table 7: Australian HNWI Industry Performance, 2007-2012
Table 8: Australian HNWIs - Cities, 2012
Table 9: Australian HNWIs in Top Cities, 2007-2012
Table 10: Australian HNWIs - Population Density in Major Cities, 2012
Table 11: Australian HNWIs in Top Cities, 2007-2017
Table 12: Australian HNWI Growth Rates for Top Cities, 2007-2017
Table 13: Australian HNWIs - by States, 2012
Table 14: Australian HNWIs - State Performance, 2007-2012
Table 15: Australian HNWIs - Population Density in States, 2012
Table 16: Australian UHNWIs - Gender Performance, 2007-2012
Table 17: Australian UHNWIs - Source of Wealth (%), 2012
Table 18: Australian UHNWIs in Top Cities, 2007-2017
Table 19: Australian UHNWI Growth Rates for Top Cities, 2007-2017
Table 20: Australian Billionaires - Market Overview (US$ Billions) 2007-2017
Table 21: Australia Top 10 Billionaires (US$ Billions), 2012
Table 22: Australia Billionaire Wealth Growth, 2007?2012
Table 23: Australian Centimillionaires - Market Overview, 2007-2017
Table 24: Australian Affluent Millionaires - Market Overview, 2007-2017
Table 25: Australian Mid-Tier Millionaires - Market Overview, 2007-2017
Table 26: Australian Lower-Tier Millionaires - Market Overview, 2007-2017
Table 27: Australian UHNWIs - Allocations and Share of HNWI Assets (%), 2012
Table 28: Top Six Private Banks in Australia, 2012
Table 29: Top Wealth Management Companies in Australia, 2012
Table 30: Australian Wealth Managers per City
Table 31: Australia Family Offices, 2012
Table 32: Financial Advisors by City in Australia, 2012
Table 33: Wealth Management Industry - Recent Deal Activity in Australia, 2013
Table 34: Hedge Funds in Australia
Table 45: Income Tax Structure and Taxable Bands
Table 36: Australian LC to US$ Exchange Rate, 2007-2017F
Table 47: Australian Real GDP Growth (%), 2007-2017F
Table 48: Australian GDP Per Capita (US$), 2007-2017
Table 39: Australian Domestic Market Capitalization (US$ Billion), 2007-2012
Table 40: Australian Commodity Indices, 2007-2017F
Table 51: Australian Foreign Direct Investments (US$ Billion), 2007-2017
Table 52: Australian Inflation Rate (%), 2007-2017F
Table 43: Australian Interest Rate (%), 2007-2017F
Table 44: Australian Balance of Payments (US$ Billion) 2007-2012
Table 55: Australian Government Debt to GDP (%), 2007-2017
Table 56: Australian Stock Market Performance, 2007-2012
Table 57: Australia HNWI Wealth vs GDP Ratio (%), 2007-2017
Table 58: Appendix 1
Table 59: Appendix 2



List of Figures

Figure 1: HNWI Wealth Band Definitions
Figure 2: Map of Australia
Figure 3: Australia: Asset Price Performance, 2007-2012
Figure 4: Australian HNWI Performance, 2007-2017
Figure 5: Australian HNWIs vs the World
Figure 6: Australian HNWIs - Growth Factor Correlation, 2007-2012
Figure 7: Australian HNWIs - Volume Distribution Wealth Pyramid, 2012
Figure 8: Australian HNWIs - Wealth Distribution Wealth Pyramid (%), 2012
Figure 9: Australian HNWIs - Age Distribution, 2012
Figure 10: Australian HNWIs - Job Titles, 2007-2012
Figure 11: Australian HNWIs - Distribution by Industry, 2012
Figure 12: Australian HNWIs - City Performance, 2007-2012
Figure 13: Australian HNWIs - City Numbers, 2007-2012
Figure 14: Australian HNWIs - City Forecasts, 2012-2017
Figure 15: Australian HNWIs - City Numbers, 2012-2017
Figure 16: Australian UHNWIs - Wealth Share vs Volume Growth, 2007-2012
Figure 17: Australian UHNWIs - Volume by Wealth Band, 2007-2017
Figure 18: Australian UHNWIs - Wealth by Wealth Band (US$ Billion), 2007-2017
Figure 19: Australian UHNWIs - Age Distribution (Percentage Share), 2012
Figure 20: Australian UHNWIs - Distribution by Industry, 2012
Figure 21: Australian Billionaires - Market Overview, 2007-2017
Figure 22: Australian Centimillionaires - Market Overview, 2007-2017
Figure 23: Australian Affluent Millionaires - Market Overview, 2007-2017
Figure 24: Australian Mid-Tier Millionaires - Market Overview, 2007-2017
Figure 25: Australian Lower-Tier Millionaires - Market Overview, 2007-2017
Figure 26: Australian UHNWIs - Asset Class Composition (%), 2007-2017
Figure 27: Wealth Management Industry in Australia - Maturity Level of Players
Figure 28: Australian Wealth Management Industry - Behavioral Mapping, 2012
Figure 29: Australian LC to US$ Exchange Rate, 2007-2017F
Figure 30: Australian Real GDP Growth (%), 2007-2017F
Figure 31: Australian GDP Per Capita (US$), 2007-2017
Figure 32: Australian Domestic Market Capitalization (US$ Billion), 2007-2012
Figure 33: Australian Commodity Indices, 2007-2017F
Figure 34: Australian Foreign Direct Investments (US$ Billion), 2007-2017F
Figure 35: Australian Inflation Rate (%), 2007-2017F
Figure 36: Australian Interest Rate (%), 2007-2012
Figure 37: Australian Balance of Payments (US$ Billion), 2007-2012
Figure 38: Australian Government Debt to GDP (%), 2007-2017
Figure 39: Australian Stock Market Performance, 2007-2012
Figure 40: Australian HNWI Wealth vs. GDP Ratio (%), 2007-2017
Figure 41: Australian HNWIs - Volume by Wealth Band (Thousand), 2007-2017
Figure 42: Australian HNWIs - Wealth by Wealth Band (US$ Billion), 2007-2017
Figure 43: Australian HNWIs - Wealth Per Capita (US$ Billion), 2007-2017

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