Home >> Service Industries >> Financial Services

Wealth in Russia: HNW Investors 2017

Published: May-2017 | Format: PDF | GlobalData | Number of pages: 49 | Code: MRS - 133225

Wealth in Russia: HNW Investors 2017

Summary

GlobalData’s "Wealth in Russia: HNW Investors 2017", report analyzes the Russian investment market, with a focus on the HNW segment. The report is based on GlobalData’s proprietary datasets.

Typically, Russian HNW investors are men over the age of 40 who have sourced their wealth through the mining and oil or construction sectors. Recent political and economic instability has driven more investors to ask for professional advice; however, they are still reluctant to relinquish control completely, preferring advisory mandates. Cash and bonds traditionally dominate the Russian HNW portfolio, and will continue to do so in the future. All planning services are forecast to see an increase in demand, but tax and financial planning services will be the most sought after.

Specifically the report - 
- Sizes the affluent market (both by number of individuals and their demographics) using our proprietary datasets.
- Analyzes which asset classes are favored by Russian investors and how their preferences impact the growth of the total savings and investments market.
- Examines HNW clients’ attitudes towards non-liquid investments such as property and commodities.

Scope

- The mining, oil, and gas industry is the major source of Russian HNW individuals’ wealth. The construction sector, while still important, is declining in significance.
- Expats account for just a fraction of Russian millionaires, but their population is higher in Russia than in the rest of Europe.
- Cash and bonds are the preferred asset classes among Russian investors, and they are expected to experience higher-than-average growth. 
- Investors largely prefer advisory mandates as they welcome guidance when managing their finances, but are reluctant to completely hand over control.

Reasons to buy

- Benchmark your share of the Russian wealth market against the current market size.
- Forecast your future growth prospects using our projections for the market to 2020.
- Identify your most promising client segment by analyzing the penetration of affluent individuals in Russia.
- Evaluate your HNW proposition by understanding how the Russian tax system will impact HNW clients.
Table of Contents
EXECUTIVE SUMMARY 2
1.1. Russian HNW individuals typically source their wealth through mining, oil, and gas 2
1.2. Key findings 2
1.3. Critical success factors 2
2. PROFILING THE RUSSIAN HNW INVESTOR 5
2.1. The mining, oil, and gas industry is the primary source of HNW wealth 5
2.1.1. Most Russian HNW individuals are males over the age of 40 5
2.1.2. First-generation entrepreneurship is the leading source of Russian HNW wealth 6
2.1.3. Many HNW investors have built their fortunes through mining, oil, and gas 7
2.1.4. The majority of HNW investors in Russia hold executive positions 9
2.2. Expats in Russia account for a higher proportion than the regional average 10
2.2.1. Expats in Russia account for 6% of the HNW population 10
2.2.2. New visa regulations are designed to encourage immigration 10
2.2.3. Most HNW expats residing in Russia originate from Germany 11
3. RUSSIAN HNW INVESTMENT STYLE PREFERENCES 14
3.1. Lack of time drives discretionary mandates 14
3.1.1. HNW investors opt for advisory asset management 14
3.1.2. Wealthy Russians expect their wealth managers to be highly experienced 15
3.1.3. Russia’s HNW investors place nearly half of their managed wealth with their main wealth manager 16
3.2. Investors’ reluctance to relinquish control means that advisory asset management will remain the mandate of choice 17
3.2.1. Demand for automated services remains weak 17
3.3. An appetite for advice is still on the rise 19
3.3.1. Demand for advisory mandates will strongly increase 19
3.3.2. A reluctance to give up control is driving demand for advisory mandates 20
3.3.3. A share of Russian HNW wealth will remain in execution-only platforms 21
4. UNDERSTANDING ASSET ALLOCATION TRENDS AMONG RUSSIAN HNW INDIVIDUALS 22
4.1. Already high allocations to bonds will continue to rise 22
4.1.1. Investors are loyal to cash and bonds 22
4.1.2. Russian HNW clients enjoy dividend income 23
4.1.3. Bond investments are forecast to experience the highest increase 25
4.1.4. Cash and near-cash allocations are above the global average 27
4.1.5. Property is still a minor share of the typical HNW portfolio 30
4.1.6. Russian investors opt for structured products 32
4.1.7. Commodities allocations beat the European average 34
5. HNW PRODUCT AND SERVICE DEMAND 37
5.1. Demand for tax planning services is forecast to increase strongly 37
5.1.1. Demand for financial planning is higher than average 37
5.1.2. Internationally active millionaires require advice on tax matters 38
5.1.3. Sberbank caters for clients’ tax planning needs 40
6. APPENDIX 41
6.1. Abbreviations and acronyms 41
6.2. Definitions 41
6.2.1. Affluent 41
6.2.2. HNW 41
6.2.3. Liquid assets 41
6.2.4. Mass affluent 41
6.3. Methodology 42
6.3.1. GlobalData’s 2016 Global Wealth Managers Survey 42
6.3.2. GlobalData’s 2015 Global Wealth Managers Survey 42
6.3.3. GlobalData’s WealthInsight 42
6.3.4. Exchange rates 43
6.4. Bibliography 43
6.5. Further reading 45

                        
            

Inquiry For Buying

Please fill your details below, to inquire about this report:
Indicates required fields

Request Sample

Please fill your details below, to receive sample report:
Indicates required fields


Related Reports

World Background Music Market Research Report 2022 (covering USA, Europe, China, Japan, India, South East Asia and etc)

Aug-2017 | ICRWorld Research | Pages : 108 | Code : MRS-157697 | 2960

Summary ICRWorld’s Background Music market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market. The report includes the forecasts, Analysis and discussion of important industry trends, market size, market share estimates and pro Read more

World Cloud Computing Stack Layers Market Research Report 2022 (covering USA, Europe, China, Japan, India, South East Asia and etc)

Aug-2017 | ICRWorld Research | Pages : 103 | Code : MRS-157696 | 2960

Summary ICRWorld’s Cloud Computing Stack Layers market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market. The report includes the forecasts, Analysis and discussion of important industry trends, market size, market share estim Read more

World Appointment Scheduling Software Market Research Report 2022 (covering USA, Europe, China, Japan, India, South East Asia and etc)

Aug-2017 | ICRWorld Research | Pages : 100 | Code : MRS-157595 | 2960

Summary ICRWorld’s Appointment Scheduling Software market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market. The report includes the forecasts, Analysis and discussion of important industry trends, market size, market share es Read more

World Specialty Insurance Market Research Report 2022 (covering USA, Europe, China, Japan, India, South East Asia and etc)

Aug-2017 | ICRWorld Research | Pages : 105 | Code : MRS-157594 | 2960

Summary ICRWorld’s Specialty Insurance market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market. The report includes the forecasts, Analysis and discussion of important industry trends, market size, market share estimates and Read more

World Wireless Broadband Market Research Report 2022 (covering USA, Europe, China, Japan, India, South East Asia and etc)

Aug-2017 | ICRWorld Research | Pages : 106 | Code : MRS-157496 | 2960

Summary ICRWorld’s Wireless Broadband market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market. The report includes the forecasts, Analysis and discussion of important industry trends, market size, market share estimates and p Read more

World Insurance Market Research Report 2022 (covering USA, Europe, China, Japan, India, South East Asia and etc)

Aug-2017 | ICRWorld Research | Pages : 105 | Code : MRS-157495 | 2960

Summary ICRWorld’s Insurance market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market. The report includes the forecasts, Analysis and discussion of important industry trends, market size, market share estimates and profiles o Read more

World Terminal High Altitude Area Defense (THAAD) Market Research Report 2022 (covering USA, Europe, China, Japan, India, South East Asia and etc)

Aug-2017 | ICRWorld Research | Pages : 116 | Code : MRS-157296 | 2960

Summary ICRWorld’s Terminal High Altitude Area Defense (THAAD) market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market. The report includes the forecasts, Analysis and discussion of important industry trends, market size, mar Read more

EMEA Naval Vessel MRO Market by Manufacturers, Regions, Type and Application, Forecast to 2022

Aug-2017 | Global Info Research | Pages : 123 | Code : MRS-156926 | 4480

Naval vessels are differentiated from civilian ships by their design and purpose. Such ships are damage resilient and armed. Naval vessels MRO is crucial for sustaining and extending the life of a vessel. It comprises maintenance, overhauls, routine checks, inspections, repairs, and modifications carried out on a vessel and their components. MRO services assure the safety and airworthiness of naval vessels. Scope of the Report: This report focuses on the Naval Vessel MRO in EMEA mark Read more

Europe Vessel Traffic Services (VTS) Market by Manufacturers, Countries, Type and Application, Forecast to 2022

Aug-2017 | Global Info Research | Pages : 117 | Code : MRS-156925 | 4480

A vessel traffic service (VTS) is a marine traffic monitoring system established by harbour or port authorities, similar to air traffic control for aircraft. Typical VTS systems use radar, closed-circuit television (CCTV), VHF radiotelephony and automatic identification system to keep track of vessel movements and provide navigational safety in a limited geographical area. Scope of the Report: This report focuses on the Vessel Traffic Services (VTS) in Europe market, especially in Germa Read more

China Triennial OTC Derivatives Market by Manufacturers, Regions (Province), Type and Application, Forecast to 2022

Aug-2017 | Global Info Research | Pages : 116 | Code : MRS-156734 | 4480

This report studies the Triennial OTC Derivatives market, Triennial OTC Derivatives are contracts that are traded (and privately negotiated) directly between two parties, without going through an exchange or other intermediary. Products such as swaps, forward rate agreements, exotic OTC Options– and other exotic derivatives – are almost always traded in this way. Scope of the Report: This report focuses on the Triennial OTC Derivatives in China market, to split the market based on man Read more

Single User | $(USD)3450 View Pricing