New Zealand Wealth Management – High Net Worth (HNW) Investors 2022
The New Zealand wealth management market report sizes the opportunity within New Zealand’s wealth market and analyzes the investment preferences, service requirements, and portfolio allocations of the country’s HNW investors.
What are the market dynamics in New Zealand wealth management market?
Compared to other markets across Asia-Pacific, the New Zealand wealth space is more mature. This is reflected in the demographic makeup of the local HNW community. The majority of HNW investors are above the age of 60, meaning they are approaching or have already reached retirement age. Consequently, wealth preservation strategies will resonate strongly with this segment of the market.
A growing opportunity for wealth managers is comparatively young women among New Zealand’s HNW individuals – almost half are in the 50 or under category and are more likely to be self-made. A Mastercard study ranked New Zealand first out of 54 economies for female entrepreneurship.
What are the key investment preferences for HNW investors in New Zealand wealth management market?
The key investment preferences for HNW investors in the New Zealand wealth management market are advisory asset management, automated investment services, discretionary asset management, and execution-only asset management.
The importance of a multi-asset management approach is demonstrated by the high demand levels across all types of asset management services. Forecast demand for advisory services is set to outstrip discretionary mandates. This shows clients’ desire for increased involvement in the decision-making process amid rapidly changing investment conditions. To avoid losing clients to competitors when markets turn sour, wealth managers must make relationship-building and expectation management a priority. Ensuring that clients are aware of risks and that expectations are met will be crucial.
New Zealand wealth management market, by investment preferences
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What are the key reasons for expatriation for HNW investors in New Zealand wealth management market?
The key reasons for expatriation for HNW investors in the New Zealand wealth management market include job transfer, retirement, business start-up, tax efficiencies, better opportunities for children, better lifestyle conditions, and political/economic instability.
Wealth managers targeting expats should act as a one-stop shop covering all the needs of their global lifestyles. This should include providing support services such as education consulting to advise on schools and universities, assistance in securing overseas mortgages or opening offshore and foreign currency accounts, international tax advice, and even help with relocation.
New Zealand wealth management market, by reasons for expatriation
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What are the major asset classes of wealth allocation for HNW investors in New Zealand wealth management market?
Equity, cash and near cash, bonds, property, alternatives and commodities are the major asset classes of wealth allocation for HNW investors in the New Zealand wealth management market.
HNW investors in New Zealand also show a strong affinity for fixed-income products, while cash and near-cash products are broadly unappealing. This stands in stark contrast to the wider retail market, where access to fixed income (especially direct holdings) remains limited.
New Zealand wealth management market, by asset classes of wealth allocation
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What are the major asset classes of offshore investment for HNW investors in New Zealand wealth management market?
The major asset classes of offshore investment for HNW investors in New Zealand wealth management market include equity, cash and near-cash products, bonds, property, alternatives, and commodities.
New Zealand HNW investors prefer to invest their offshore wealth in multiple asset classes, with alternatives leading the way. While financial markets in New Zealand are well developed, they lack the depth and choice of traditional financial centers such as Hong Kong, Singapore, and the US.
New Zealand wealth management market, by asset classes of offshore investment
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Market report scope
| Key investment preferences | Advisory Asset Management, Automated Investment Services, Discretionary Asset Management, and Execution-Only Asset Management |
| Key reasons for expatriation | Job Transfer, Retirement, Business Start-Up, Tax Efficiencies, Better Opportunities For Children, Better Lifestyle Conditions, and Political/Economic Instability |
| Major asset classes of wealth allocation | Equity, Cash and Near Cash, Bonds, Property, Alternatives, and Commodities |
| Major asset classes of offshore investment | Equity, Cash and Near Cash, Bonds, Property, Alternatives, And Commodities |
Scope
- New Zealand’s economy is comparatively small globally, which helps explain the minor expat volume
- New Zealand’s HNW investors allocate a noteworthy of wealth to equities and property, suggesting that HNW investors pursue a long-term strategy.
Reasons to Buy
- Develop and enhance your client targeting strategies using our data on HNW profiles and sources of wealth.
- Enhance your marketing strategies and capture new clients using insights from our data on HNW investors’ asset management style preferences.
- Tailor your investment product portfolio to match the current and future demand for different asset classes among HNW individuals.
- Develop your service proposition to match the demand expressed by New Zealand HNW investors and react proactively to forecasted changes in demand.
Key Players
Table of Contents
List of Figures
Frequently Asked Questions
Advisory asset management, automated investment services, discretionary asset management, and execution-only asset management are the various investment services in the New Zealand wealth management market.
Job transfer, retirement, business start-up, tax efficiencies, better opportunities for children, better lifestyle conditions, and political/economic instability are the key reasons for expatriation for HNW investors in the New Zealand wealth management market.
Equity, cash and near cash, bonds, property, alternatives and commodities are the major asset classes of wealth allocation for HNW investors in the New Zealand wealth management market.
Equity, cash and near cash products, bonds, property, alternatives, and commodities are the major asset classes of offshore investment for HNW investors in the New Zealand wealth management market.
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