Overview
The 25th anniversary edition of Capgemini’s World Wealth Report examines the global HNWI population and wealth growth dynamics, shifting digital-era expectations, asset allocation trends, and investor opinions about fees, hybrid advisory services, and existing offerings. The report reveals how investing in talent and technology to provide hybrid advisory services is critical to capture customer mindshare in today’s wealth management landscape.
The global high-net-worth individual (HNWI) population grew 6.3%, surpassing the 20-million bar, while HNWI wealth grew 7.6% in 2020, nearly reaching USD80-trillion. Boosted by rising equity markets and government stimulus, North America surpassed Asia-Pacific to become the 2020 leader in both HNWI population and wealth. The 2021 World Wealth Report examines global wealth evolution in the past year and HNWI trends and influences from the last quarter century.
Research methodology
The research covers 71 markets, accounting for more than 98% of global gross national income and 99% of world stock market capitalization, for HNWI market sizing. The Capgemini 2021 Global HNW Insights Survey queried more than 2,900 HNWIs across 26 major wealth markets in North America, Latin America, Europe, the Middle East, and the Asia-Pacific region. Interviews and surveys of more than 100 wealth management executives were conducted across 17 markets, with representation from pure wealth management firms, universal banks, and independent broker/dealer firms and queried Wealth Management Executives on digital transformation efforts, collaboration strategies, and industry trends such as sustainable investing. The 2021 Wealth Manager Survey covers more than 350 responses across six markets and queried wealth managers on their views on industry trends, preparation for new market demands, and their satisfaction with the support provided by their wealth management firm. The production of the World Wealth Report 2021 was supported by an external Executive Steering Committee composed of 14 Wealth management experts across banks, WealthTechs, business and technology enablers.
