Research and Markets (http://www.researchandmarkets.com/research/xbjdld/uk_wealth) has announced the addition of the "UK Wealth Management Research Portfolio Trend Offshore Services" report to their offering.
This report provides all the sensitive information on how and why the UK wealthy population uses offshore services.
For all the dire prediction, high net worth individuals (HNWIs) continue to make significant use of offshore services. The crown dependencies of the Isle of Man and Jersey are the most popular offshore centres. Users of offshore are a very attractive group, made up of younger, wealthier and high earning individuals who also make heavy use of other wealth management services. There are a wide variety of reasons why individuals make use of offshore services. This underlines the enduring appeal that offshore enjoys and is something that offshore providers need to publicise to counter the negative, populist views.
Methodology
This research draws on the findings of Ledbury Research's annual Wealth Management Benchmark study, which surveys a representative sample of 500 HNWI clients in the UK. The study was carried out in Q4 2012, and is the fifth in this annual series. All of these individuals have at least £500,000 in investable assets and all make use of a private banker, wealth manager or full service investment manager or stock broker.
This representative sample provides us with an accurate picture of the HNWI population that is currently serviced by the wealth management industry in the UK, with robust samples of the following sub-segments: £0.5m to 0.9m, £1m to £1.9m, £2m to £2.9m and £3m and above. Mentions of HNWIs' or the wealthy' in this report therefore refer specifically to the managed wealthy, while wealth managers' collectively refer to private banks, wealth managers, or full service investment managers or stock brokers.
Key Findings
Offshore services are used by at least one in four of the managed wealthy in the UK
Allocation of assets offshore has increased over the past two years
There are a wide range of reasons why individuals make use of offshore services
Offshore wealth is held in higher concentrations closer to shore
The typical offshore services client is younger, wealthier and high earning
Offshore services are most widely used by those whose main provider is a Non-British Universal Bank
Those who use offshore banking are heavier service users in general
For more information visit http://www.researchandmarkets.com/research/xbjdld/uk_wealth
About Research and Markets
Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Contacts:
Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Wealth Management
