Global HNW Market Services, Retention Strategies, Key Segments & Opportunity For Future

Albany, us, 2018-Jun-08 — /EPR Network/ — The market for HNW Targeting and Retention Strategies is growing with the expansion of this Industry Sector Worldwide. Market Research Hub (MRH) has added a new report titled “HNW Targeting and Retention Strategies Research Reports 2018” which offer details about the current trends and analysis, as well as scope for the near future. This research study also covers information about the production, consumption and market share based on different active regions. Furthermore, an anticipated growth at a double-digit CAGR for the HNW Targeting and Retention Strategies sector is highlighted in the report which indicates a prosperous future.

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Summary

“HNW Targeting and Retention Strategies”, report analyzes and sizes key segments of the global HNW market, and provides detailed recommendations how to best target and service these individuals. The report also provides a detailed discussion on the effectiveness of different HNW client retention strategies. It is based on our proprietary Global Wealth Managers Survey.

48% of HNW individuals are professionals, making them the largest target market, closely followed by entrepreneurs at 46%. While considerably smaller in size, providers will also find HNW expats an attractive segment thanks to their more complex affairs resulting in a greater need for wealth management services. Despite the above segments differing service requirements, we see very little difference when it comes to providers targeting strategies. While client referrals are the most successful means of acquisition, wealth managers should adopt a more differentiated approach. Providers targeting professionals will find external referrals an effective channel, while investment banking referrals will prove fruitful in the entrepreneur space.

Specifically the report –
– analyzes the size of the global HNW market and key client groups
– analyzes the proportion of HNW clients sourced via different client acquisition tools
– provides recommendations regarding the effectiveness of various acquisition tools across different target segments
– analyzes how to best service different HNW segments
– analyzes the effectiveness of different client retention strategies in the HNW space.

Scope

– 52.3% of global HNW investors reside in North America, but growth is more pronounced in Latin America, where the number of HNW individuals is forecast to grow by 48% between 2017 and 2021.
– Professionals make up 5 million individuals of the global HNW market, 4.8 million being entrepreneurs.
– 28.3% of HNW clients have been acquired through client referrals, making it the most successful channel.
– A longstanding advisor relationship is the most effective means of client retention, followed by portfolio performance and a firms brand image.

Reasons to buy

– Understand the size and service requirements of key client groups
– Develop and enhance your client targeting strategies using our proprietary data on the effectiveness of various targeting strategies across key target groups
– Minimize customer churn rates by gaining a detailed understanding of the effectiveness of different retention tools
– Tailor your product portfolio to match demand patterns across the different segments discussed
– Understand what selected competitors are doing to successfully reach out to different target groups.

Browse Full Report with TOC:  https://www.marketresearchhub.com/report/hnw-targeting-and-retention-strategies-report.html

Table of Content:

1. EXECUTIVE SUMMARY 1
1.1. Professionals and entrepreneurs make up the vast majority of the 10.5 million-strong HNW population 1
1.2. Key findings 1
1.3. Critical success factors 1

2.HNW ENTREPRENEURS AND PROFESSIONALS COMPRISE ALMOST EQUALLY LARGE TARGET GROUPS 8
2.1. North America is the largest target market, but growth can be found in Latin America and Asia Pacific 8
2.1.1. A comparatively high proportion of unadvised HNW wealth makes Asia Pacific an attractive target market 9
2.1.2. A focus on emerging markets promises rapid business growth, but reaching out to investors early on is paramount 11
2.2. Professionals constitute the largest target market, closely followed by entrepreneurs 11
2.2.1. Professionals constitute the largest target group globally 12
2.2.2. The entrepreneurial spirit runs high in Eastern Europe 13
2.2.3. HNW entrepreneurs are willing to expatriate to start their business ventures 16
2.2.4. While only constituting 11.4% of the global HNW population, the wider expat community also make for a lucrative target market in key hubs 17
2.3. The demographic profiles of key HNW segments differ only marginally, with the exception of inheritors 18
2.3.1. Female inheritors are an often overlooked segment 18

.. @@ Continued

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