Indonesia Wealth Management Market Sizing and Opportunities to 2026

Indonesia Wealth Management Market Sizing and Opportunities to 2026

Summary

Indonesia’s affluent segment (including HNWs and mass affluents) accounted for a mere 0.65% of the total population and account for more than 91.1% of the country’s total onshore liquid assets in 2021. Economic recovery in 2021 resulted in a rebound in stock market valuations. As a result, affluent individuals’ liquid assets are predicted to have risen by 4.5% in 2021, while the liquid assets of HNWs grew by 7.8%. Deposits account for the largest share of the Indonesian retail savings and investment portfolio, constituting more than 72% of overall balances. Between 2022 and 2026, we expect the retail savings and investments market to record a compound annual growth rate (CAGR) of 6.9%. This will mainly be driven by bonds, which are forecast to expand at a CAGR of 12.7% over 2022-26. Robo-advice accounts for 16.6% of the Indonesian HNW portfolio. The market for robo-advisory services is growing in the HNW space in Indonesia.

Based on our proprietary datasets, GlobalData’s “Indonesia Wealth Management: Market Sizing and Opportunities 2026” report analyzes Indonesia’s wealth and retail savings and investments markets. This includes overall affluent market size (both by number of individuals and the value of their liquid assets). The report also provides analysis of the factors driving liquid asset growth, including a breakdown and forecast of total retail savings and investments split by asset classes including equities, mutual funds, deposits and bonds.

Scope

• HNW individuals constituted only 0.65% of the total adult population of Indonesia in 2021.
• Advisory mandates dominate the Indonesian HNW wealth market.
• Deposits remain the most popular investment avenue for Indonesian individuals, indicating their preference for safe-haven investment asset classes.
• Mutual Funds form a small proportion (3.8%) of retail investment portfolios in 2021.

• Make strategic decisions using top-level historic and forecast data on Indonesia’s wealth industry.
• Identify the most promising client segment by analyzing the penetration of affluent individuals.
• Receive detailed insights into retail liquid asset holdings in Indonesia.
• Understand the changing market and competitive dynamics by learning about new competitors and recent deals in the wealth space.
• See an overview of key digital disruptors in the country’s wealth market.