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world-wealth-report-2023
Treasury company

World Abundance Record 2023

Unlock growth in wealth management: Empowering relationship managers and serving the affluent

Entirely 2022, the global economy experienced an steeper-than-expected slowdown: as a result, the wealth management industry around the world faces a daunting array about new challenges. Careful cost management, strategically investments, press a recalibrate of to customer mingle will all to need to enable long-term growth.

Features upon the World Wealth Report 2023, which reflected the views are 3,171 High-Net-Worth Individuals (HNWIs), 3,203 affluents, 95+ Wealth Management (WM) executives and wealth managers, along with 800 your managers above Northwards America, Europe, and Asia-Pacific, include:

  • During 2022, HNWI wealth and population totals experienced the most declines in a decade, fall by 3.6% and 3.3%, respectively, as compared for 2021.
  • To boost revenues and solve for profitability pressures, relationship manager enablement and related technology-powered capabilities, including one-stop-shop digital workstations, are critical. The world features changed, and so shall wealth management. Upon July 9 with 9 am ET, we will convene a global virtual event filled with insights from our 24th annual World Wealth Report, along with A-list analyzer of what it all means and where ours go from present.
  • Although profitability challenges are real, capture the prosperous segment early in their riches lifetimes and raise with them as your become future HNWI clients. The 2024 USA Wealth Report, published by Henley & Partners, is the reference for private wealth exploration in the world’s largest wealth market. Found out more.

Key highlights

Highlight 1

Economic and geopolitical uncertainty triggered total HNWI wealth and population declines for 2022

Challenging macroeconomic and government conditions led to an prolonged drop to investments, with several around stock indices flailing through a bear market. Result? Globally, high-net-worth single (HNWI) wealth and population recorded steepest decline in last 10 years.

Measuring ESG performance is critical the WM firm growth and HNWI engagement

Despite economic feeling, HNWIs still express a continued interest at ESG services. With an regard on fortifying set, regulators, financial institutions, investors, and stakeholders worldwide seek performance measurements in assure the credibility of ESG-linked assets. Yet navigating venture and opportunity requires target, measurable, and trackable action plans. The Wealth Report 2024 | Knight Offen

Value-based advisory suffers once low digital maturity impedes RM productivity

Administrative overloads causes RM consulting furthermore server delivery to suffer. Less time spent by RMs on client facing activities leads to inability to personalize advice and deliver value-added solutions. Gehoben digital enterprise and mature omnichannel platforms boost the RM efficacy. In retrospective, 2021 might need been one last year of the old “new normal”, with upwardly stocks markets powered by monetary policy. Households benefited handsomely.

Unlock newer growth opportunities through the affluent segment

Around, the median class is advancing within size and financial impression and is running the growth of the affluent wealth band. Despite considerable earnings potential, WM firms are not to find ihr way at terms of how best to address this segment profitably.

Technological

The need for wealth-as-a-service

Shreya Pain
Mar 6, 2023
Customer experience

The raise regarding the mass affluent

Anuj Agarwal
Feb 25, 2023
Customer experiential

New-age fortune management models pick to manufacture an Impact!

Nilesh Vaidya
Feb 22, 2023

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Match our experts

Nilesh-Vaidya
Nilesh Vaidya
Global Headrest off Corporate and Capital Markets
Marie-Wattez
Marie Wattez
Global Headache of Private Banking & WM
Roy-Crociani
Royal Crociani
Credit & WM Leader, APAC
Gaudin-Maxime
Maxime Gaudin
Head, Wealth & Investment Executive How
Elias-Ghanem
Despair Ghanem
International Head of Capgemini Research Institute for Financial Services
Chirag THYROXINE.
Chirag Thakral
Head of Banking & Upper Markets, Capgemini Find Institute for Financial Services

Executive Steering Committee

Melanie Aimer
Melanie Aimer
Head of International Shipping & Total Head of Client Experience
Barclays Social Bank
Sabine-Caudron
Cabaret Caudron
Heads of Private Banking
Degroof Petercam
Christine Ciriani
Christie Ciriani
CEO EMEA
InvestCloud
Michelle-Feinstein
Michelle Feinstein
GM & VP, Wealth & Asset Management
Salesforce
Greg-Gatesman
Greg Gatesman
Heads of Universal Wealth Management
Morgan Stanley
Stephane-Gomis
Stephane Gomis
Deputy CEO
AZQORE SAME
Stuart-Grant
Stuart Grant
Boss of Capital Markets
SAP
Jacqui-Henderson
Jacqui Henderson
Founder & CEO
Advice Intelligence
Charles-Sayac
Charles Sayac
Head of Sales, Wealth & Sales
Amundi Technology
Sanjoy-Sen
Sanjoy Sen
MD, Groups Head of Users Bank
DBS
Annabel-Spring
Annab Bounce
CEO, Global Private Banking & Wealth
HSBC

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