Digital Assets

Global Wealth: The strongest region of growth was Asia, which posted a 19% increase.

This is one of the key findings in BCG’s eighteenth annual analysis of the global wealth-management industry, a report that examines such topics as the evolution of personal financial wealth globally and regionally, the widening revenue gap and how institutions can narrow it, and the state of offshore business. The report also takes a comprehensive look at a critical initiative for staying competitive in the marketplace: unleashing the value of advanced analytics.

Global personal financial wealth grew by 12% in 2017 to $201.9 trillion in US dollar terms. This total, roughly 2.5 times as large as the world’s GDP for the year ($81 trillion), more than doubled the previous year’s rate, when global wealth rose by 4%. It also represented the strongest annual growth rate in the past five years in dollar terms. The main drivers were the bull market environment in all major economies—with wealth in equities and investment funds showing by far the strongest growth—and the significant strengthening of most major currencies against the dollar.

READ THE 2018 REPORT by BOSTON CONSULTING GROUP