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Presence and wealth of HNWIs in Spain to rise by 2019, says new report


The number of high net worth individuals in Spain is set to continue increasing between this year and 2019, according to a new research report from ResearchMoz.

Spain in 2014 was home to 228,736 high net worth individuals. The total worth of these HNWIs was US$968.8 billion. The number marked an increase of 1.7% from early 2014, which followed a 3.0% rise from 2013.

ResearchMoz’s Spain Wealth Report 2015 says that this growth will continue till 2019, which is the end of the report’s forecast period. High net worth individuals’ numbers and wealth are expected to increase in the time frame. The total number of high net worth individuals is set to increase by 19.4% by 2019, implying a total number of 279,884 high net worth individuals in that year.

The research study also provides a wealth storage analysis for HNWIs in Spain. It reveals that by the end of 2014, 39.5% of the total wealth held by Spain’s high net worth individuals was stored outside the individuals’ home country. The sum amounts to US$382.2 billion, and the percentage is greater than the global average of 20% to 30%.

The key feature of the report on Spain wealth report for 2015 is that it is done through the independent market sizing of Spain’s high net worth individuals across five different bands of wealth.

The 117-page publication also describes the volume, wealth, and allocation trends of the country’s HNWIs first in a historic sense from 2009 to 2013, and then moves into a market forecast that stretches till 2019. An asset allocation discussion about the UHNWIs and HNWIs across the 13 asset classes is also provided.

Other points of discussion in the report include a geographical breakdown of all foreign assets, number of UHNWIs in all major cities, and an alternative breakdown of liquid assets in comparison to investable assets. The report also elaborates on the number of wealth managers in each major city along with city ratings of the potential and saturation of wealth management.

Other aspects discussed by the report include philanthropic pursuits, key drivers such as the exchange rate between EUR and USD, the capitalisation of the domestic market, and government debt.

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