The survey finds that rising healthcare expenses remain a top concern of 80 percent of mass affluent
'It provides opportunities for us to tap the mass affluent
market and expand our market share in Singapore,' Standard Chartered spokeswoman Gabriel Kwan said, without commenting on the size of the deal.
IN BARCLAYS WEALTH Insights' latest report, New Horizon, New Behaviour, released June 16th, the British wealth manager surveyed more than 2,100 mass affluent
and high-net-worth investors around the world, and the major finding may be that the wealthy are even more risk-averse than you might have thought.
Summary: Barclays has launched Premier Banking, a new offering aimed at the mass affluent
market, within its newly opened flagship branch in Abu Dhabi.
The mass affluent
market - defined as individuals holding pounds 30,000-pounds 250,000 in onshore liquid assets including cash and deposits, equities, bonds and unit trusts - remains a growth opportunity for the banking sector as the asset base of typical investors expands.
The research found that 23 per cent of the so-called mass affluent
- people earning more than pounds 50,000 or with more than pounds 35,000 in liquid assets - did not take their full holiday entitlement every year.
Viewing the market in demographic terms, the most coveted segment will be the so-called mass affluent
, a loosely defined group of Europeans with 100,000 to 500,000 euro (about $88,500 to $450,000) available to invest--more than 20 million households, by some estimates.
BMO Wealth Management serves mass affluent
, high net worth and ultra-high net worth individuals and families with a full suite of wealth management solutions including wealth planning, banking and borrowing, investment management, retirement planning, trust and estate services, philanthropy, insurance and risk management, tax planning and ultra-high net worth services.
With the new company's initial focus on leveraging Nomura's expertise in face-to-face consulting to provide wealth management services to mass affluent
individuals in China, Nomura plans to then develop its product distribution channels and expand into Wholesale and other business segments.
No matter what their priorities may be, it is important for people to establish long- and short-term financial goals and create a tailored plan to best pursue them." These findings are according to the latest Merrill Edge Report, a biannual survey of 1,000 mass affluent
Americans that oversampled 302 Phoenix residents between September 6 and September 24, 2017.
Accenture reported that millennials and mass affluent
consumers expressed the most interest in robo-services.
Verdict Financial's "Mass Affluents
: Product Holding and Preferences in Singapore" is one of a series of snapshots offering insight into the mass affluent
consumer segment in Singapore.