United States (US) Wealth Management – High Net Worth (HNW) Investors
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US Wealth Management Report Overview
In the US, men dominate the High Net Worth (HNW) space, accounting for more than 82% of HNWs. The situation is slowly evolving, however, with female HNW investors becoming an increasingly attractive target segment.
The US wealth management market report analyzes the investment preferences, service requirements, and portfolio allocation of US HNW investors. The report is based on GlobalData’s proprietary Global Wealth Managers Survey.
Key Investment Preferences | · Advisory Asset Management
· Automated Investment Services · Discretionary Asset Management · Execution-Only Asset Management |
Key Reasons for Expatriation | · Better Lifestyle Conditions
· Better Opportunities for Expats’ Children · Business Start-Ups · Political or Economic Instability in The Origin Country · Retirement · Tax efficiencies |
Key Asset Allocation Classes | · Equity
· Bonds · Cash and Near Cash · Real Estate · Commodities · Alternatives |
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US Wealth Management Market - Investment Preferences
The key investment preferences in the US wealth management market are advisory asset management, automated investment services, discretionary asset management, and execution-only asset management. No investment management style dominates in terms of HNW assets under management, and current demand is also distributed relatively equally across different types of mandates. This reiterates the importance of a multi-asset management strategy.
Growth in demand for advisory mandates is forecast to increase the most in the next 12 months. This is due in part to the rise of online financial education and tools, as well as investors’ desire for more control and flexibility. In contrast, execution-only mandates are expected to see the least growth in demand.
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US Wealth Management Market - Reasons for Expatriation of HNW Investors
The drivers of expatriation to the US are better lifestyle conditions, better opportunities for expats’ children, business start-ups, political or economic instability in the origin country, retirement, and tax efficiencies. Better opportunities for expats’ children act as the main expatriation factor. Wealth managers should provide auxiliary services such as supporting HNW expats in finding a school for their children, as these have the potential to create goodwill. Although the demand for support services varies among expat entrepreneurs and professionals, they are an excellent way to connect with them early on.
US Wealth Management Market Analysis by Reasons for Expatriation
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US Wealth Management Market - Asset Allocation Classes
The major asset allocation classes for HNW investors in the US wealth management market include equity, bonds, cash and near-cash, real estate, commodities, and alternatives. Equities lead US HNW investors’ portfolios, while cash and near-cash are set to witness the highest growth. The S&P 500 (the country’s benchmark equity index) registered a significant rise in 2023, rewarding investors with respectable returns. Markets started strong in 2024 owing to expectations that the Federal Reserve will start cutting rates soon.
US Wealth Management Market by Asset Allocation Classes
Buy The Full Report for More Insights on Asset Allocation Classes in the US Wealth Management Market, Download a Free Report Sample
Scope
• Expats constitute 20.5% of the local HNW population. They represent an attractive target market thanks to their more complex service requirements.
• Robo-advice accounts for 18.7% of the US HNW portfolio.
• Equities and cash and near-cash investments lead the US HNW asset portfolio.
• The average US HNW investor offshores 52.4% of their wealth abroad.
Key Highlights
- Expats constitute a significant percentage of the local HNW population. They represent an attractive target market thanks to their more complex service requirements.
- Robo-advice accounts for more than 18% of the US HNW portfolio.
- Equities and cash and near-cash investments lead the US HNW asset portfolio.
- The average US HNW investor offshores most of their wealth abroad.
US Wealth Management Market Asset Classes Outlook
- Equity
- Bonds
- Cash and Near Cash
- Real Estate
- Commodities
- Alternatives
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.
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Wells Fargo
Bank of America
Citigroup
Nvidia
Microsoft
Meta
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VentureWell
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Table of Contents
Figures
Frequently asked questions
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Which is the leading investment preference in the US wealth management market?
Asset management services lead in terms of investment preferences in the US wealth management market.
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What is the leading reason for the expatriation of HNW investors in the US wealth management market?
Better opportunities for expats’ children act as the main expatriation factor.
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Which is the leading asset class for HNW investors in the US wealth management market?
Equities lead US HNW investors’ portfolios, while cash and near-cash are set to witness the highest growth.
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