Insight Report: Innovative Client Segmentation In Wealth Management - Market Size,Share,Growth,Trends

Synopsis

This report provides an in-depth analysis of new segmentation strategies adopted by wealth management firms and private banks following the 2008 financial crisis, and their implications on the wealth management sector.

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Summary

Increased competition, together with the rise of DIY investment platforms, have encouraged wealth management firms to adopt new segmentation strategies to target customers.The new segmentation strategies emerged to accommodate the complex needs of private individual clients by targeting them according to their interests, needs, behavior and attitudes to investments, instead of by demographic trends. This method thus allows wealth management firms to focus on customers’ specific needs and provide customized products and services. It also allows firms to increase their profit margins by providing the right products and services.Wealth management firms are also increasingly adopting technological advances to cater to the needs of modern customers and young HNWIs.Scope

The report covers the following areas:

An overview of the global wealth management marketInnovation in wealth management practiceAnalysis of brand loyaltyThe future of innovation in wealth management The report is based on a unique analysis of WealthInsight’s proprietary HNWI database comprising more than 100,000 individuals, and focuses on four regions: the Americas, Europe, Asia-Pacific, and the Middle East and Africa.

Key Highlights

New Segmentation strategies are being adopted by wealth management firms to provide niche products and services to customers.

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Table of Contents

1 Introduction1.1 What is this Report About?1.2 Definitions and Scope

2 Executive Summary

3 An Overview of the Global Wealth Management Market3.1 A Snapshot of the Wealth Management Sector

4 Innovation in Wealth Management Practice4.1 Segmentation Strategies by Demographic Trends4.1.1 Key Trends and Market Developments4.1.2 Key strategies to capture HNWIS by age, gender, and occupation4.2 Source of Wealth and Cumulative Wealth Affect on Portfolio Decision Making4.2.1 Key trends and market developments4.2.2 Key strategies to capture HNWIS by source of wealth and wealth band