Singapore Wealth Management High Net Worth Investors Report 2022: The Average Singapore HNW Investor Offshores 42.3% of their Wealth Abroad – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Singapore Wealth Management – High Net Worth (HNW) Investors 2022” report has been added to ResearchAndMarkets.com’s offering.

The report analyzes the investing preferences and portfolio allocation of Singapore’s HNW individuals. It profiles HNW investors in terms of their demographics, examines the allocation of HNW investors’ portfolios, analyzes their propensity to invest offshore, and explores their product and service demand. The report is based on the proprietary Global Wealth Managers Survey

Most HNW individuals in Singapore make their fortune through earned income. However, the local HNW segment is older, highlighting the need for wealth preservation strategies and efficiently passing on wealth through the generations via trusts or simple inheritance planning. In addition, a multi-service proposition is a must as demand is expected to increase across all planning services and mandates.

Report Scope

• Expats constitute 20.3% of the local HNW population. They represent an attractive target market thanks to their more complex service requirements
• Robo-advice accounts for 8.2% of the Singapore HNW portfolio. Nevertheless, the market for robo-advisory services is growing in the HNW space in Singapore, with multiple wealth managers entering the space
• Singapore HNW individuals spread their investments in line with the Asia Pacific average, with asset classes such as bonds, equities, and property dominating the portfolio mix
• The average Singapore HNW investor offshores 42.3% of their wealth abroad. While this proportion is expected to increase over the next 12 months, the rise is expected to be less pronounced than in the wider region, indicating that many HNW investors are confident about the country’s economic recovery

Key Topics Covered:

• Demographics
• Expats
• Investment Style Preferences
• Asset Allocation Preferences
• Offshore Investment Preferences
• Products and Services
• Appendix

Companies Mentioned

• AIA
• DBS

For more information about this report visit https://www.researchandmarkets.com/r/9q38sx

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