Although Mass Affluents Account for 79% of the Population in Mexico, They Hold Only 30% of the Liquid Assets.
This report sizes, segments and forecasts the number of wealthy individuals in Mexico, assesses the market for wealth management services and the competitors aiming at this market.
Scope of this title:
* -Sizing and forecasting of mass affluent and high net worth individuals were generated from our proprietary Global Wealth Model.
* -Assesses competitive developments among the regions main players.
* -Key companies covered: Banamex, Bancomer & Banco Serfin.
* -Geography: Mexico.
Highlights of this title:
In 2000 there were 124,500 mass affluent individuals in Mexico and 29,700 high net worths and by the end of 2004 there were 184,300 mass affluents and 49,300 high net worths holding EUR72bn in onshore liquid assets between them. Although mass affluents account for 79% of the population, they hold only 30% of the liquid assets.
The total number of mass affluent individuals in Mexico is expected to increase from 184,300 in 2004 to 269,400 in 2009, representing a compound annual growth rate of 7.9%.
The number of high net worth individuals is also expected to increase over the next five years and at a higher rate than the number of mass affluents. The compound annual growth rate of high net worth individuals over the 2004-2009 period is forecast at 8.8%, with the number increasing by just over 50% from 49,300 in 2004 to 75,000 in 2009.
Reasons to order your copy:
* Assess market attractiveness by reviewing size and growth forecasts up to 2009.
* Assess the threats and opportunities for wealth managers in the market.
* Learn strategies to enhance share of wallet from client base.
Key topics covered:
* Mexican Mass Affluents and High Net Worths
* Mexico's retail savings and investments market is well-diversified
* Deposits are the largest asset class, but mutual funds are also popular
* 233,000 wealthy Mexicans held EUR72bn in onshore liquid assets in 2004, mostly in the hands of high net worths
* Mexican wealth took a hit during the stock market bust but did not decline
* High net worths account for 21% of Mexicos wealthy population and 70% of that populations onshore liquid assets
* Mexico lacks high net worth investors with entrepreneurial objectives
* Regulatory overhauls in the last 15 years have created a banking system that is predominantly foreign-owned, but still difficult to enter
* 1995 was a watershed year for foreign banks in Mexico
* Foreign firms find investment in Mexico a bureaucratic quagmire
* Wealthy clients in Mexico are interested in internet banking and tend to split their assets between the U.S. & Mexico
* Mexican clients are demanding more advisory products and are looking to preserve their wealth
* The Mexican banking industry is largely oligopolistic
* Competition for Mexican Wealthy Clients
* Future Market Size
For more information visit http://www.researchandmarkets.com/reports/c45692
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|Date:||Nov 21, 2006|
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