2017亚太区财富报告（英文版）_42页_2mb

2017 Asia-Pacific Wealth Report Summary

Core Content

The 2017 Asia-Pacific Wealth Report highlights the region's continued leadership in high-net-worth individual (HNWI) population and wealth, despite a slowdown in growth compared to previous years. The report underscores the performance of wealth managers, the shift in investment strategies, and the increasing demand for holistic value beyond traditional investment returns. It also identifies the role of economic and political uncertainty in driving offshore wealth management and the potential for business model disruption due to the rise of BigTech firms and the adoption of hybrid advice.

Main Points

Asia-Pacific Remains the Leading HNWI Market

• Asia-Pacific retained its position as the world's largest HNWI market in 2016.
• The region's HNWI population grew by 7.4%, and HNWI wealth increased by 8.2%.
• However, growth momentum slowed compared to 2015, with China and Japan contributing less than in previous years.
• Hong Kong's growth also decelerated, with HNWI population and wealth growth rates at 4.1% and 4.7%, respectively, down from previous years.
• The report projects Asia-Pacific will surpass US$40 trillion in HNWI wealth by 2025, but growth rates need to accelerate to meet this goal.

Strong Investment Performance by Wealth Managers

• Asia-Pacific (excl. Japan) HNWIs achieved a world-leading 33.0% return on investments with wealth managers in 2016, compared to 24.6% globally.
• This performance was driven by emerging markets, credit leverage, and a growth-focused investment strategy.
• HNWIs increased their equity allocations to a five-year high, while cash allocations also rose due to concerns about economic and political volatility.

Demand for Holistic Value and Hybrid Advice

• HNWIs in Asia-Pacific (excl. Japan) show the highest demand for hybrid advice globally.
• Hybrid advice is preferred across most stages of the client lifecycle, except the 'Profile' stage.
• The report emphasizes the need for wealth managers to adopt hybrid models to improve client satisfaction, efficiency, and compliance.
• It also highlights that hybrid transformation effectiveness has been limited so far, and firms must accelerate their adoption to remain competitive.

Offshore Wealth Management Trends

• Economic and political uncertainty has led HNWIs in Asia-Pacific (excl. Japan) to increase offshore wealth holdings.
• Hong Kong and Singapore are the most preferred offshore destinations.
• The industry must invest in talent, product development, risk management, and technology to meet offshore demand.

Business Model Disruption

• The rise of BigTech firms like Alibaba and Tencent is expected to disrupt the traditional wealth management model.
• HNWIs are seeking more modular and transparent fee structures, indicating a shift in client expectations.
• The report suggests that personalized wealth management services will be crucial for firms to succeed in this evolving landscape.

Key Markets and Growth Rates

Conclusion

The Asia-Pacific region remains a dominant force in the global HNWI market, but faces challenges due to slower growth and shifting client expectations. The report suggests that wealth managers must adapt to these changes by embracing hybrid advice models, improving fee transparency, and investing in offshore capabilities. The rise of BigTech and the demand for more personalized services indicate that the industry is on the brink of significant transformation.