UK Wealth Management: HNW Investors 2024

UK Wealth Management: HNW Investors 2024

Summary

This report sizes the opportunity within the UK's wealth market and analyzes the investment preferences, service requirements, and portfolio allocations of its HNW investors. The report is based on GlobalData's annual Global Wealth Managers Survey.

The UK’s HNW population is dominated by professional males, while female HNW individuals and entrepreneurs also represent lucrative target segments for wealth managers. HNW wealth is spread across multiple different investment mandates, with advisory mandates having a slight edge. However, offering a multi-service proposition underpinned by a proven ability to demonstrate returns will be key to tapping into demand. A burgeoning appetite for robo-advice coupled with increasing demand for all planning services provide the most significant growth opportunities for wealth managers going forward.

Scope

• Expats constitute 21.4% of the local HNW population. They represent an attractive target market thanks to their more complex servicing requirements.
• Robo-advice accounts for 18.3% of the UK HNW portfolio and has strong current demand.
• The average UK HNW investor offshores 47.1% of their wealth abroad, with this proportion expected to increase over the next 12 months.

Reasons to Buy

• Understand the UK HNW wealth market, including the investment preferences of HNW individuals.
• Develop and enhance your client targeting strategies using our data on HNW profiles and sources of wealth.
• Tailor your investment product portfolio to match current and future demand for different asset classes among HNW individuals.