Dominican Republic HNWI wealth will grow by 37% in 2018, according to a new study on ASDReports

Tuesday 15 July 2014, Amsterdam

Report description overview:

The new report now available on ASDReports, identifies that the number HNWI wealth will reach US$66 billion by 2018. By purchasing this report you will secure a proper understanding of shifting market dynamics which will enable you to amend your business plans accordingly, to allow maximum sales. You will gain an understanding of asset allocations of HNWIs and Ultra HNWIs investments in Dominican Republic enabling you to indentify the key areas in which you want to compete in the future.

The difference:

• Obtain a clear understanding of HNWIs and UHNWIs in Dominican Republic, broken down by wealth bands, demographics, job titles, industries and regions so that you may formulate and implement business strategies.
•  Provide yourself with a comprehensive breakdown of asset class composition, across five wealth brands with a further look into key investments in order to gain a proper comprehension within the wealth market and its trends.
• Look into wealth managers, private banks, family offices and financial advisors, to allow a full evaluation of competitive risk and success factors, which will enable you to minimize business risks and challenges.

Additional report highlights:

Despite unfavorable world market conditions, the Dominican Republic wealth management industry is growing rapidly. With US$43 billion in wealth, the market is attractive for local development and to foreign institutions. Much of the growth in Dominican Republic’s wealth management and private banking sector over the past decade has been driven by growth in personal wealth, and the number of HNWIs and UHNWIs. Wealth contrasts are a sensitive matter in the country, with poverty being a significant issue.

The report expects private banks and institutions to reinforce and centralize their operations over the forecast period, as well as allocate more resources to better understand their client base and provide high-level services.  Growth in HNWI wealth and volumes is expected to improve over the forecast period. The number of Dominican Republic HNWIs is forecast to grow by 27% to reach 14,278 by 2018, and HNWI wealth is expected to grow by 37% to reach US$66 billion by 2018.