Summary of Global Wealth 2019

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Global Wealth 2019 summary
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8

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  • For Experts
  • Analytical
  • Overview

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In this annual report, professionals at the Boston Consulting Group examine future trends in global patterns of affluence, and they offer frameworks for how wealth managers can meet the needs of their changing markets. This broad yet discerning overview identifies the wealth management sector’s expanding client groups, geographic shifts, intensifying competition, global growth prospects and other notable factors that financial industry executives and investors will find particularly relevant.

About the Author

The Boston Consulting Group is worldwide management consulting firm.

 

Summary

Growth in global wealth slowed in 2018 and will remain modest for several years.

Weak stock market performance  in late 2018 had a knock-on effect on global wealth, particularly in the Western economies, where investment portfolios tend to have higher allocations to equities. Global wealth overall increased by only 1.6% in 2018, versus 7.5% in 2017.

Forecasts call for a 5.7% compound annual growth rate to 2023, substantially less than in previous years. Slowing growth means that the sector can no longer depend on rising asset values to increase revenue.

Several...


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