Global HNWI Population Growth Steady Ahead; Asia Is King

Thanks to robust growth in Asia-Pacific and North America, the global HNWI population and wealth expanded at moderate rates of 6.7% and 7.2% respectively in 2014, the second slowest rate in the last five years, notes a Capgemini and RBC study.

In their “World Wealth Report-2015”, Capgemini and RBC Wealth Management note in the new technology-based environment, wealth managers should reorient their role toward delivering goals-based financial planning, while also acting as a gateway into the firm’s full-service capabilities.

Asia-Pacific has largest HNWI population

According to the report, although the global population of HNWIs increased for the sixth consecutive year, expanding at a rate of 6.7% during 2014 to 14.6 million, HNWI population and wealth grew at the second slowest rate of...