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Challenges and Opportunities for the Wealth Sector in Colombia 2014

Published: Dec-2014 | Format: PDF | WealthInsight | Number of pages: 56 | Code: MRS - 2877

Synopsis

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

Summary

This report is the result of WealthInsight’s extensive research covering the high net worth individual (HNWI) population and wealth management market in Colombia.
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.

Scope

  • Independent market sizing of Colombia 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 Challenges and Opportunities for the Wealth Sector in Colombia 2014 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.
  • With the wealth reports 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, Colombian HNWIs held 35.1% (US$54 billion) of their wealth offshore, compared to 37.3% (US$30 billion) in 2009. 
  • WealthInsight expects foreign asset holdings to reach US$68 billion by 2018 when they will account for 32.3% of total HNWI assets.
  • In 2013, Latin America made up 53.1% of the foreign assets of Colombian HNWIs. This was followed by North America (including the Caribbean) with 22.1%, Asia-Pacific with 12.1%, Europe with 9.3%, Africa with 2.2% and the Middle East with 1.2%.
  • Funds allocated to the rest of Latin America increased substantially during the review period, from 43.3% of foreign HNWI assets in 2009 to 53.1% in 2013 as Colombian HNWIs moved more funds into high-growth markets such as Peru and Chile. 
  • Over the forecast period, HNWIs are expected to increase their levels of investment in South America to 58.7% 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 Benchmarking Colombian Wealth in Context
3.3.1 Distribution of wealth in Colombia
3.4 HNWI Volume and Wealth Trends

 

4 Competitive Landscape of the Wealth Sector
4.1 Competitive Landscape
4.1.1 Domestic private banks
4.1.2 Wealth managers
4.1.3 Family offices
4.1.4 Financial advisors
4.2 Developments in the Colombian Private Banking Industry
4.3 Wealth Management and the Private Banking Industry
4.4 Colombian Wealth Management Industry – Clientele Model and Maturity
4.5 Behavioral Mapping of Wealth Management and Private Banking in Colombia

 

5 Appendix
5.1 Additional Components of the Wealth Sector in Colombia
5.1.1 Philanthropy
5.2 Tax Regulations
5.3 Regulations Related to Immigration, Investment and Employment
5.4 Key Drivers
5.4.1 COP 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: Regions in Colombia by Population (Volume), 2013
Table 3: Leading Domestic Private Banks in Colombia by Local AuM (US$ million), 2013
Table 4: Wealth Management Industry – Recent Deal Activity in Colombia, 2014–2013
Table 5: Colombian Income Tax Bands (USD), 2013–2014
Table 6: COP per US$ Exchange Rate, 2009–2018
Table 7: Colombian Real GDP Growth (%), 2009–2018
Table 8: Colombian GDP per Capita (US$), 2009–2018
Table 9: Colombian Domestic Market Capitalization (US$ Billion), 2009–2013
Table 10: Colombian Commodity Indices, 2009–2018
Table 11: Colombian Foreign Direct Investment (US$ Billion), 2007–2011
Table 12: Colombian Inflation Rate (%), 2009–2018
Table 13: Colombian Money Market Rate (%), 2009–2018
Table 14: Colombian Balance of Payments (US$ Billion), 2009–2013
Table 15: Colombian Government Debt as a Percentage of GDP, 2009–2018
Table 16: Colombian Stock Market Performance, 2009–2013
Table 17: Colombian HNWIs – Ratio of Wealth to GDP, 2009–2018
Table 18: Colombia – Appendix One
Table 19: Colombia – Appendix Two

 

List of Figures

 

Figure 1: HNWI Wealth Band Definitions
Figure 2: Map of Colombia
Figure 3: Colombian Asset Price Performance (%), 2009–2013
Figure 4: Colombian HNWIs – Volume and Wealth, 2009–2018
Figure 5: Colombian vs Global HNWIs (%), 2009–2018
Figure 6: Colombian Wealth Management Industry – Maturity Level of Operators, 2014
Figure 7: Colombian Wealth Management Industry – Behavioral Mapping, 2013
Figure 8: COP to US$ Exchange Rate, 2009–2018
Figure 9: Colombian Real GDP Growth (%), 2009–2018
Figure 10: Colombian GDP per Capita (US$), 2009–2018
Figure 11: Colombian Domestic Market Capitalization (US$ Billion), 2009–2013
Figure 12: Colombian Commodity Indices, 2009–2018
Figure 13: Colombian Foreign Direct Investment (US$ Billion), 2007–2011
Figure 14: Colombian Inflation Rate (%), 2009–2018
Figure 15: Colombian Money Market Rate (%), 2009–2018
Figure 16: Colombian Balance of Payments (US$ Billion), 2009–2013
Figure 17: Colombian Government Debt as a Percentage of GDP, 2009–2018
Figure 18: Colombian Stock Market Performance, 2009–2013
Figure 19: Colombian HNWIs – Ratio of Wealth to GDP, 2009–2018
Figure 20: Colombian HNWIs – Volume by Wealth Band, 2009–2018
Figure 21: Colombian HNWIs – Wealth by Wealth Band (US$ Billion), 2009–2018
Figure 22: Colombian HNWIs – Wealth per Capita (US$ Million), 2009–2018

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