Boston Consulting Group Releases Global Wealth 2018 Report – Global Wealth Grew to $201.9 Trillion
Boston Consulting Group has released the Global Wealth 2018 Report, reporting global financial wealth at $201.9 trillion, more than 2.5 times global GDP of $75.87 trillion (World Bank 2016).
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The report highlights key trends including wealth managers’ struggle to maintain top-line margins despite strong growth globally in personal financial wealth and assets under management.
$121.6 trillion (60%) of global wealth are in investable asset (equities, investment funds, currency and deposits, bonds) and $80.3 trillion (40%) are held in non-investable or low-liquidity assets (life insurance, pensions funds, equity in unquoted companies).
This is one of the key findings in BCG’s eighteenth annual analysis of the global wealth-management industry. The annual market-sizing exercise encompassed 97 countries that collectively account for over 98% of global GDP, and our annual benchmarking study stemmed from a survey of more than 150 wealth managers, involving more than 1,500 performance indicators. The study also scrutinized smart revenue and pricing practices and analyzed ways to enhance client satisfaction.
Source: Boston Consulting Group