Marktanalyse - High Net Worth Trends in Germany to 2016

Synopsis
This report is the result of WealthInsight’s extensive research covering the HNWI population and wealth management industry in Germany.

Summary
This report provides projections of the volume and wealth of German HNWIs and a comprehensive background of the local economy. This includes demographic trends (2007-2011) and findings of the proprietary WealthInsight HNWI Database.

Scope
The report features:
• Independent market sizing of German HNWIs across five wealth bands
• Most up to date and thorough analysis of the demographic breakdown of Germany’s HNWIs
• Volume and wealth trends from 2007 to 2011
• Volume and wealth forecasts to 2016
• Insights into the drivers of HNWI wealth

Reasons To Buy
• The WealthInsight Intelligence Center Database is an unparalleled resource and the leading resource of its kind. Compiled and curated by a team of expert research specialists, the Database comprises up to one hundred data-points on over 100,000 HNWIs from around the world. It also includes profiles on major private banks, wealth managers and family offices in each country. With the Database as the foundation for our research and analysis, we are able obtain an unsurpassed level of granularity, insight and authority on the HNWI and wealth management universe in each of the countries and regions we cover.
• Comprehensive forecasts to 2016.

Key Highlights
• Germany has the fourth highest number of HNWIs in the world after the US, Japan and China. As of 2011, there are just over 1.25 million HNWIs in Germany accounting for roughly 36% of Germany’s total wealth.
• The total number of HNWIs in Germany declined by 8.4% over the review period (2007 to 2011), while HNWI wealth dropped by 12.5%.
• Over the forecast period, HNWI volumes will increase by 16.5% at a CAGR of 3.1% to reach just over 1.45 million individuals in 2016. This is well above the level reached at the end of 2007. Total wealth of Germany’s HNWIs is forecast to grow by 20% at a CAGR of 3.8%, to reach almost US$4.7 trillion in 2016.
• Germany has the third highest number of UHNWIs in the world, behind the US and Japan. There are over 11,000 Ultra HNWIs in Germany with a combined wealth of over US$1.3 trillion.

Table of Contents

1 Introduction

1.1 What is this Report About?

2 Executive Summary

3 Wealth Sector Fundamentals

3.1 Political Background to the Wealth Sector

3.2 Economic Background to the Wealth Sector

3.3 Benchmarking German Wealth in Context

3.3.1 Distribution of Wealth

4 Findings from the WealthInsight HNWI Database

4.1 Trends in HNWI Wealth to 2016

4.1.1 HNWI Trend Analysis

4.1.2 HNWI Volume Trend Analysis

4.1.3 HNWI Wealth Trend Analysis

4.1.4 Per Capita HNWI Net Worth Trend Analysis

4.1.5 Trends of the Wealth Bands

4.1.6 HNWIs: Demographic Breakdown

4.2 UHNWIs — The Billionaires

4.2.1 Billionaire Volume Trend Analysis

4.2.2 Billionaire Wealth Trend Analysis

4.2.3 Billionaire Per Capita Net Worth Trend Analysis

4.2.4 City-wise Breakdown of Billionaires

4.2.5 Industry Breakdown of Billionaires

4.2.6 Top 20 Billionaires in Germany

4.3 UHNWIs — The Centimillionaires

4.3.1 Centimillionaire Volume Trend Analysis

4.3.2 Centimillionaire Wealth Trend Analysis

4.3.3 Centimillionaire Per Capita Net Worth Trend Analysis

4.4 UHNWIs — The Affluent Millionaires

4.4.1 Affluent Millionaire Volume Trend Analysis

4.4.2 Affluent Millionaire Wealth Trend Analysis

4.4.3 Affluent Millionaire Per Capita Net Worth Trend Analysis

4.5 Core HNWIs

4.5.1 Core HNWI Volume Trend Analysis

4.5.2 Core HNWI Wealth Trend Analysis

4.6 Core HNWIs — The Mid Tier Millionaires

4.6.1 Mid Tier Millionaire Volume Trend Analysis

4.6.2 Mid Tier Millionaire Wealth Trend Analysis

4.6.3 Mid Tier Millionaire Per Capita Net Worth Trend Analysis

4.7 Core HNWIs — Lower Tier Millionaires

4.7.1 Lower Tier Millionaire Volume Trend Analysis

4.7.2 Lower Tier Millionaire Wealth Trend Analysis

4.7.3 Lower Tier Millionaire Per Capita Net Worth Trend Analysis

5 Appendix

5.1 Major Cities in Germany

5.2 Additional Components of the Wealth Sector in Germany

5.2.1 Philanthropy

5.2.2 Demand for Intergenerational Wealth Transfer

5.2.3 Human Resource Availability for the Wealth Management industry

5.3 Regulatory Environment in Germany

5.3.1 Banking Regulations

5.3.2 Regulations on Taxes

5.3.3 Regulations on Wealth Management and Private Banking

5.3.4 Regulations related to immigration, investment and employment

5.4 Key Economic Trends and Drivers

5.4.1 EUR to USD Moving Annual Average Exchange Rate

5.4.2 Real GDP Growth

5.4.3 Per Capita GDP

5.4.4 Gross Savings Rate as a % of GDP

5.4.5 Domestic Market Capitalization

5.4.6 Housing Price Index

5.4.7 Commodity Index

5.4.8 Foreign Direct Investment (FDI)

5.4.9 Investments of FII’s in Equity Products

5.4.10 Inflation Rate

5.4.11 Interests Rate

5.4.12 Balance of Payments

5.4.13 Government Debt

5.4.14 Stock Market Performance

5.4.15 HNWI Wealth vs. GDP Ratio

5.4.16 Capital Formation as % of GDP

5.4.17 Disposable Income as % of GDP

5.5 Case Study — Financial regulation in the European Union (EU)

5.6 Social Background of Germany

5.7 Technological Background of Germany

6 About WealthInsight







List of Tables

Table 1: HNWI Wealth Band and Group Definitions

Table 2: Major Regions in Germany, 2010

Table 3: HNWIs — Volume Distribution Wealth Pyramid, 2011

Table 4: HNWIs — Wealth Distribution Wealth Pyramid, 2011

Table 5: UHNWIs — Billionaires — Market Overview, 2007-16

Table 6: Billionaires — Cities by Wealth Growth, 2007—2011

Table 7: Billionaires — Sector Breakdown, 2011

Table 8: Top 20 Billionaires List, 2011

Table 9: UHNWIs — Centimillionaires — Market Overview, 2007-16

Table 10: UHNWIs — The Affluent Millionaires — Market Overview, 2007-16

Table 11: Core HNWIs — Mid Tier Millionaires — Market Overview, 2007-16

Table 12: Core HNWIs — Lower Tier Millionaires — Market Overview, 2007-16

Table 13: Largest 10 Cities in Germany, 2010

Table 14: HNWIs — Inheritance tax bands

Table 15: Euro to USD Moving Annual Average Exchange Rate, 2006—16

Table 16: Real GDP Growth Rate, 2006—16

Table 17: GDP Per Capita, 2006—16

Table 18: Gross Savings as a % of Real GDP, 2006—2016

Table 19: Domestic Market Capitalization, 2006—11

Table 20: Housing Price Index, 2006—11

Table 21: Commodity Indices, 2006—16

Table 22: Foreign Direct Investments, 2006—2016

Table 23: Investments of FIIs in Equity Products, 2006—10

Table 24: Inflation Rate, 2006—16

Table 25: Money Market Rate, 2006—16

Table 26: Balance of Payments, 2006-11

Table 27: Government Debt to GDP, 2006—16

Table 28: Stock Market Performance, 2006—11

Table 29: HNWI Wealth vs. GDP Ratio, 2006—16

Table 30: Capital Formation as % of GDP, 2006-16

Table 31: Disposable Income as % of GDP, 2006-16

Table 32: Patent applications by country, 2010

Table 33: Appendix 1

Table 34: Appendix 2





List of Figures

Figure 1: HNWI Wealth Band Definitions

Figure 2: Map of Germany

Figure 3: Asset Price Performance, 2007-11

Figure 4: German HNWI Performance, 2007-15

Figure 5: HNWI — Germany vs. the World

Figure 6: HNWIs — Growth Factor Correlation, 2007-11

Figure 7: HNWIs — Volume by Wealth Band, 2007-16

Figure 8: HNWIs — Wealth by Wealth Band (in US$ Billion), 2007-16

Figure 9: HNWIs — Per Capita Net Worth (in US$ Million), 2007-16

Figure 10: HNWIs — Volume Distribution Wealth Pyramid, 2011

Figure 11: HNWIs — Wealth Distribution Wealth Pyramid, 2011

Figure 12: HNWIs — Age Distribution, 2011

Figure 13: UHNWIs — Billionaires — Market Overview, 2007-16

Figure 14: UHNWIs — Centimillionaires — Market Overview, 2007-16

Figure 15: UHNWIs — The Affluent Millionaires — Market Overview, 2007-16

Figure 16: Core HNWIs — Volume by Wealth Band, 2007-16

Figure 17: Core HNWIs — Wealth by Wealth Band (in US$ Billion), 2007-16

Figure 18: Core HNWIs — Mid Tier Millionaires — Market Overview, 2007-16

Figure 19: Core HNWIs — Lower Tier Millionaires — Market Overview, 2007-16

Figure 20: GBP to USD Moving Annual Average Exchange Rate, 2006—16

Figure 21: Real GDP Growth (%), 2006—16

Figure 22: GDP Per Capita, 2006—16

Figure 23: Gross Savings as a % of Real GDP, 2006—2016

Figure 24: Domestic Market Capitalization, 2006—11

Figure 25: Housing Price Index, 2006—11

Figure 26: Commodity Indices, 2006—16

Figure 27: Foreign Direct Investments, 2006—2016

Figure 28: Investments of FIIs in Equity Products, 2006—10

Figure 29: Inflation Rate, 2006—16

Figure 30: Money Market Rate, 2006-16

Figure 31: Balance of Payments, 2006-11

Figure 32: Government Debt to GDP, 2006—16

Figure 33: Stock Market Performance, 2006—11

Figure 34: HNWI Wealth vs. GDP Ratio, 2006—16

Figure 35: Capital Formation as % of GDP, 2006-16

Figure 36: Disposable Income as % of GDP, 2006-16

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