By 2026 India will be the Prime Location for Wealth Managers.DUBLIN Dublin, city, Republic of Ireland Dublin, Irish Baile Átha Cliath, county borough (1991 pop. 915,516), Leinster, capital of the Republic of Ireland, on Dublin Bay at the mouth of the Liffey River. , Ireland Ireland, Irish Eire (âr`ə) [to it are related the poetic Erin and perhaps the Latin Hibernia], island, 32,598 sq mi (84,429 sq km), second largest of the British Isles. -- Research and Markets (http://www.researchandmarkets.com/reports/c42423) has announced the addition of Datamonitor's new report: Wealth Management Business Models in 20 Years to their offering. This report details the impact of: business/ entrepreneurial en·tre·pre·neur n. A person who organizes, operates, and assumes the risk for a business venture. [French, from Old French, from entreprendre, to undertake; see enterprise. activity as the key source of new wealth creation; the rise of large economies such as India India, officially Republic of India, republic (2005 est pop. 1,080,264,000), 1,261,810 sq mi (3,268,090 sq km), S Asia. The second most populous country in the world, it is also sometimes called Bharat, its ancient name. India's land frontier (c. and China in the global wealth stakes; and the widespread achievement of "affluence" in many economies. The crux Crux (kr  ks) [Lat.,=cross], small but brilliant southern constellation whose four most prominent members form a Latin cross, the famous Southern Cross. of the report will be to draw out strategic implications for wealth managers and understand the winning business models of the future. Scope of this title: --Assesses key emerging markets potential such as China and India --Predicts key product and service developments such as lending and client ownership Highlights of this title: --India will become a highly important market for wealth management because wealth managers both domestic and international are able to establish the beginnings of a market with few obstacles, relative to other emerging markets. Where there are regulatory restrictions, these are less problematic than in China or the Middle East. --It is highly likely that over the next 20 years, wealth management will witness significant developments in the way that clients are segmented. Following from this, client service will change to complement the shift in emphasis, as factors other than the level of the clients' wealth are taken into consideration. --Research indicates that there are significant benefits in the area of liability management and that the importance of liability management as part of wealth management will grow over the next 20 years, until it becomes a key service area. -- Chapter 1 Introduction Overview -- Chapter 2 Emerging markets will be wealth management hubs The economic strength of emerging markets will come to rival those of the G7 By 2026 India will be the prime location for wealth managers The amount of wealth, and of wealthy people, in India will grow faster than almost any other market Indian economic development is creating a broad and competitive wealth management market Wealth managers will only be able to maximize the potential of India if they are already well-positioned China and the Middle East will also be key centers of wealth management Growth in these markets in recent years has been far greater than that of established markets and appears set to continue Open markets and further development will drive growth although lack of stability will hinder hin·der 1 v. hin·dered, hin·der·ing, hin·ders v.tr. 1. To be or get in the way of. 2. To obstruct or delay the progress of. v.intr. it -- Chapter 3 Innovative client segmentation will develop Wealth managers are beginning to investigate innovative segmentation methods to manage the changing client profile Over the next 20 years wealth managers will hone their segmentation methods Wealth managers will develop segmentation as a service efficiency initiative Segmentation models will apply holistic Holistic A practice of medicine that focuses on the whole patient, and addresses the social, emotional, and spiritual needs of a patient as well as their physical treatment. Mentioned in: Aromatherapy, Stress Reduction, Traditional Chinese Medicine criteria to wealth management The most important segments globally will be entrepreneurs and SME (1) (Small and Medium-sized Enterprise) See SMB. (2) (Subject Matter Expert) An individual who is well-versed in the policies and procedures of a particular department or division. CEOs -- Chapter 4 Client ownership will polarize po·lar·ize v. po·lar·ized, po·lar·iz·ing, po·lar·iz·es v.tr. 1. To induce polarization in; impart polarity to. 2. To cause to concentrate about two conflicting or contrasting positions. Financial advisers will become an important separate client segment for wealth managers The organization of direct client ownership will also change Availability and flexibility will become vital components of the business model Internal restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). will aim to integrate client services -- Chapter 5 Mass affluent Mass affluent and emerging affluent are marketing terms used to refer to the growing high end of the mass market. It is most commonly used by the financial services industry to refer to individuals with US$100,000 to US$1,000,000 of liquid financial assets,[1] services will become an integral part of wealth management The rise of the mass affluent represents an opportunity for wealth managers in the medium term Wealth managers will capture the higher value mass affluent market by offering a scaled down wealth management service The mass affluent proposition will run along the lines of the current wealth management service -- Chapter 6 Liability management will become a key service area Liability management is currently not part of the wealth management agenda but has proven potential Clients in developed markets are seeking more holistic wealth management services Liability management is clearly a profitable area with a proven existing client base The incorporation of lending into wealth management will shift the service focus Specialist forms of lending will also become common additions to the offerings of many wealth managers Some will fail due to a persistence (1) In a CRT, the time a phosphor dot remains illuminated after being energized. Long-persistence phosphors reduce flicker, but generate ghost-like images that linger on screen for a fraction of a second. of the "asset focused" service model and a lack of commitment -- Chapter 7 Conclusion Appendix For more information visit http://www.researchandmarkets.com/reports/c42423 Source: Datamonitor |
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