Fewer millionaires in Britain than in China, says survey of super-rich
The 2009 World Wealth Report Capgemini and Merrill Lynch, reveals there are more millionaires in China than in Britain.
25 June 2009
Publication
The Capgemini/Merrill Lynch 2009 World Wealth Report has revealed that there are now more millionaires in China than in Britain.
At the end of last year there were 362,000 high net worth people - defined as those with investable assets exceeding $1 million excluding their homes, collectables and consumer goods - compared to 491,000 in 2007. The global population of high net work individuals last year was 14.9 percent lower at 8.6 million on the previous year. The value of their collective wealth fell 19.5 percent.
Our research shows that while client satisfaction remains a top priority, many
wealth management firms and advisors may not fully understand what drives clients
to leave or stay,” says Ed Merchant, Head of Financial Services, UK and Ireland, Capgemini. “In addition, firms may be misjudging how satisfied their own advisors are with
certain service and support areas. Wealth management firms should reevaluate current capabilities to ensure simplicity
and transparency, demonstrate value as defined by clients and prospects, and develop
new products and services to retain and attract clients in today’s environment.”
To read the full article at The Independent, click: Fewer millionaires in Britain than in China, says survey of super-rich
Related links:
- Report: World Wealth Report 2009
- Press Release: Crisis tests client confidence and long-standing business models for wealth management firms finds the 2009 World Wealth Report
- Press Release: Merrill Lynch Global Wealth Management and Capgemini release 13th annual World Wealth Report
- Press Release: World Wealth Report 2009: Investment of passion facts
- To keep up-to-date with the latest coverage on the 2009 World Wealth Report click here.
- Follow Capgemini at Twitter.com for the latest updates from the Capgemini UK PR team
