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Challenges and Opportunities for the Wealth Sector in Canada 2014

Published: Dec-2014 | Format: PDF | WealthInsight | Number of pages: 59 | Code: MRS - 2007

Synopsis

  • This report is the result of WealthInsight’s extensive research covering the high net worth individual (HNWI) population and wealth management market in Canada.
  • The report focuses on HNWI performance between the end of 2008 (the peak before the global financial crisis) and the end of 2013. This enables us to determine how well the country's HNWIs have performed through the crisis.

Summary

This report is a thorough analysis of Canada's Wealth Management and Private Banking sector, and the opportunities and challenges that it faces.

Scope

  • Independent market sizing of Canada HNWIs across five wealth bands
  • HNWI volume and wealth trends from 2009 to 2013
  • HNWI volume and wealth forecasts to 2018
  • HNWI and UHNWI asset allocations across 13 asset classes 
  • Number of UHNWIs in each state and all major cities
  • Fastest growing cities and states for UHNWIs (2009-2013)
  • Insights into the drivers of HNWI wealth

Reasons To Buy


  • The WealthInsight Intelligence Center Database is an unparalleled resource and the leading resource of its kind. Compiled and curated by a team of expert research specialists, the database comprises dossiers on over 60,000 HNWIs from around the world.
  • The Intelligence Center also includes tracking of wealth and liquidity events as they happen and detailed profiles of major private banks, wealth managers and family offices in each market.
  • With the Database as the foundation for our research and analysis, we are able obtain an unsurpassed level of granularity, insight and authority on the HNWI and wealth management universe in each of the countries and regions we cover.
  • Report includes comprehensive forecasts to 2018.

Key Highlights

  • At the end of 2013, Canadian HNWIs held 26.5% (US$434 billion) of their wealth outside their home country, in line with the global average of 20–30%. 
  • WealthInsight expects foreign asset holdings to increase to US$557 billion by 2018, accounting for 26.1% of total HNWI assets.
  • North America accounted for 51.1% of Canadian HNWIs foreign assets in 2013. 
  • Europe followed America with 21.2%, the Asia-Pacific followed with 16.5%, Latin America followed with 8.4%, Africa followed with 2.1%, and the Middle East followed with 0.7%.
  • Canadian HNWI allocations to the Asia-Pacific region increased during the review period, going from 9.9% in 2009 to 16.5% in 2013.Latin America and Asia-Pacific were the emerging regions in terms of global investments.
  • HNWIs are further expected to increase their levels of investment in the Asia-Pacific to 20.9% of foreign HNWI assets by 2018, with investments increasingly being diverted to emerging economies.
Table of Contents
 
1 Introduction
1.1 Details of this Report
1.2 Definitions
 
2 Executive Summary
 
3 Wealth Sector Fundamentals
3.1 Political Background
3.2 Economic Background
3.3 Social Background
3.4 Benchmarking Canadian Wealth in Context
3.4.1 Distribution of wealth in Canada
3.5 HNWI Volume and Wealth Trends
 
4 Competitive Landscape of the Wealth Sector
4.1 Competitive Landscape
4.1.1 Domestic banks
4.1.2 Foreign private banks
4.1.3 Wealth managers
4.1.4 Family offices
4.1.5 Financial advisors
4.2 The Canadian Wealth Management Industry – Clientele Model and Maturity
4.3 Behavioral Mapping of Wealth Management and Private Banking in Canada
 
5 Appendix
5.1 Additional Components of the Wealth Sector in Canada
5.1.1 Philanthropy
5.1.2 Demand for intergenerational wealth transfer
5.1.3 Human resource availability for the wealth management industry
5.2 Tax Regulations
5.3 Regulations Related to Immigration, Investment and Employment
5.4 Key Drivers
5.4.1 CAD to US$ exchange rate
5.4.2 Real GDP growth
5.4.3 Per capita GDP
5.4.4 Domestic market capitalization
5.4.5 Commodity index
5.4.6 Foreign direct investments – inflow and outflow
5.4.7 Inflation rate
5.4.8 Interest rate
5.4.9 Balance of payments
5.4.10 Government debt
5.4.11 Stock market performance
5.5 Wealth Breakdowns
 
6 About WealthInsight

 

List of Tables

 
Table 1: HNWI Wealth Band and Group Definitions
Table 2: Cities in Canada by Population (Volume), 2013
Table 3: Leading Domestic Banks in Canada by Local AuM (US$Million), 2013
Table 4: Leading Foreign Private Banks in Canada by Local AuM (US$Million), 2013
Table 5: Leading Wealth Managers in Canada by AuM (US$Million), 2013
Table 6: Leading Canadian Family Offices by AuM (US$ Million), 2013
Table 7: Canadian Income Tax Bands (CAD), 2013–2014
Table 8:CAD per US$ Exchange Rate, 2009–2018
Table 9: CanadianReal GDP Growth (%), 2009–2018
Table 10:CanadianGDP per Capita (US$), 2009–2018
Table 11: CanadianDomestic Market Capitalization (US$ Billion),2009–2013
Table 12: CanadianCommodity Indices, 2009–2018
Table 13: CanadianForeign Direct Investment (US$ Billion), 2009–2018
Table 14: CanadianInflation Rate (%), 2009–2018
Table 15: CanadianMoney Market Rate (%), 2009–2018
Table 16: CanadianBalance of Payments (US$ Billion), 2009–2013
Table 17: CanadianGovernment Debt as a Percentage of GDP, 2009–2018
Table 18: CanadianStock Market Performance, 2009–2013
Table 19: CanadianHNWI Wealth vs GDP Ratio, 2009–2018
Table 20: Canada – Appendix One
Table 21: Canada – Appendix Two

 

List of Figures

 
Figure 1: HNWI Wealth Band Definitions
Figure 2: Map of Canada
Figure 3: Canadian Asset Price Performance (%), 2009–2013
Figure 4: CanadianHNWI Performance (US$ Billion and HNWI Volume), 2009–2018
Figure 5: Canadian vs Global HNWIs (%), 2009–2018
Figure 6: Canadian Wealth Management Industry – Maturity Level of Operators, 2014
Figure 7: The Canadian Wealth Management Industry – Behavioral Mapping, 2013
Figure 8: CAD to US$ Exchange Rate, 2009–2018
Figure 9: CanadianReal GDP Growth (%), 2009–2018
Figure 10: CanadianGDP per Capita (US$), 2009–2018
Figure 11: CanadianDomestic Market Capitalization (US$ Billion), 2009–2013
Figure 12: CanadianCommodity Indices, 2009–2018
Figure 13: CanadianForeign Direct Investment (US$ Billion), 2009–2018
Figure 14: CanadianInflation Rate (%), 2009–2018
Figure 15: CanadianMoney Market Rate (%), 2009–2018
Figure 16: CanadianBalance of Payments (US$ Billion), 2009–2013
Figure 17: CanadianGovernment Debt as a Percentage of GDP, 2009–2018
Figure 18: CanadianStock Market Performance, 2009–2013
Figure 19: CanadianHNWI Wealth vs GDP Ratio, 2009–2018
Figure 20: CanadianHNWIs – Volume by Wealth Band, 2009–2018
Figure 21: CanadianHNWIs – Wealth by Wealth Band (US$ Billion), 2009–2018
Figure 22: CanadianHNWIs – Wealth per Capita (US$ Million), 2009–2018

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