World Wealth Report 2018

Aim: To provide insights into the challenges and disruptive trends facing the wealth management industry when providing services to high net worth individuals.

Outcome: Completion of this module will enable financial advisers (audience) to:

  • Explain the factors that are threatening record wealth growth;
  • Identify the issues affecting clients’ satisfaction, and
  • Describe short and long-term strategies to improve client satisfaction.

Abstract: The past year has seen global high net worth individual (HNWI) wealth increase by 10.6% to surpass US$70 trillion for the first time, making it the sixth-consecutive year of gains. It has been predicted that global HNWI wealth will exceed US$100 trillion by the year 2025. While continued record wealth is predicted, increasing demand from younger HNWI’s for more hybrid advice, and the likely threat of BigTechs entering the wealth management industry, major industry disruption for the wealth management industry is on the horizon.