凯捷Capgemini：2017亚太区财富报告（44页）.pdf

1、 Table of Contents Preface 3 Executive Summary 5 Despite Headwinds, Asia-Pacific Remains Leading HNWI Market 6 Asia-Pacific Remains Largest in HNWI Population and Wealth, But Growth Slows 7 Last Years HNWI Growth Drivers, China and Japan, Fall Back 7 Hong Kong Loses Steam, but Emerging Asia Growth O

2、ffsets Any Chance of a Slowdown 8 Asia-Pacific Expected to Lead HNWI Wealth Through 2025 10 Asia-Pacific Wealth Managers Led the World in Investment Performance, but HNWIs Demand More Holistic Value 12 Asia-Pacific (excl. Japan) Wealth Managers Delivered World-Leading Investment Performance in 2016

3、13 Equities at Five-year High, but HNWIs also Building Cash Buffers 15 Fee Concerns, Other Factors Dampen Overall HNWI Satisfaction 17 HNWIs Expectations Grow, Shaking Up Business Models 19 Changes Create Opportunities in Hybrid Advice 19 Economic and Political Uncertainty Drives HNWI Holdings Offsh

4、ore 20 HNWIs in Asia-Pacific (excl. Japan) Hold the Highest Levels of Offshore Wealth 20 Hong Kong and Singapore are Primary Offshore Destinations, but New York and London also Feature 21 Economic and Political Risk Increase as Drivers of Offshore Wealth 21 Offshore Wealth Demand Generates Implicati

5、ons for the Industry 23 Hybrid Advice is the Future for Asia-Pacific Wealth Management 24 A Primer on Hybrid Advice 25 Hybrid Advisory Model Gains Traction with Asia-Pacific HNWIs 26 Hybrid Advice Demand Varies Across Lifecycle Stages and Demographics 27 Asia-Pacific Firms Hybrid Advice Transformati

6、on Progress Lags Rest of World 31 The Effectiveness of Hybrid Advice Has Been Limited 33 Firms Face Several Challenges During Hybrid Advice Transformation 35 Transformation Can Be Accelerated Through People, Process, and Proposition Levers 37 Implications and the Future of Hybrid Advice 37 Appendix