The World Wealth Report 2018 from Capgemini, which is the industry’s leading benchmark for tracking high net worth individuals (HNWIs), is now in its 22nd year. This edition of the report looks at the latest dynamics in HNWI population and wealth, while analyzing macroeconomic conditions that drive change in the Wealth Management industry.
Based on survey responses from more than 2,600 HNWIs from across the globe, the World Wealth Report 2018 provides in-depth global research on HNWI preferences and behaviors and on the topics of asset allocation, satisfaction levels, the level of personal connections with wealth managers, cryptocurrency preferences, and investment preferences.
To assist wealth management industry executives in making strategic decisions, the 2018 edition builds on last year’s report to dive further into hybrid advice models that blend human and digital interaction. The analysis goes deeper into the potential entry of BigTech firms (Google, Amazon, Alibaba, Tencent, Apple etc.) in the wealth management industry and the response required by incumbent firms. These response areas include evolving their approach to budgeting for transformation and implementing emerging technologies such as Artificial Intelligence, Machine Learning and Open APIs to counteract the BigTech threat.