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World Wealth in Review 2024

 
 

Our 8th Global Wealth Summary

Published 9th October, 2024

ECONOMY

By Steven Thomas

Welcome Message from Steinwick.

I’m pleased to introduce the Steinwick Wealth Report 2024, which offers a comprehensive look at the trends shaping the global Ultra-High-Net-Worth Individual (UHNWI) community and their investment decisions in high-stakes sectors. Wealth creation is experiencing a rebound, with the UHNWI population on the rise, particularly in the U.S. and the Middle East.

Our Wealth Sizing Model, based on 2023/2024 data from leading firms such as UBS and Capgemini, tracks the growth of High-Net-Worth Individuals (HNWIs), UHNWIs, and billionaires across more than 200 countries. This data provides critical insights into the dynamics of wealth distribution and investment trends within these affluent groups.

We hope you find this year's report both informative and engaging. As we navigate the complexities of the global wealth landscape, your understanding of these trends will be invaluable in shaping your strategies moving forward.

STEVEN THOMAS

Table of Contents:

Part 1. Introduction & Key Findings

Part 2. Macroeconomic Environment

Part 3. Global Wealth Mobility & New Trends

Part 4. Generational Shifts in Wealth

Part 5. Client-Centric Strategies

Part 6. Sustainability, Tech, and Innovation

Part 7. Price Transparency & Market Access

Part 8. Challenges and Opportunities

Part 9. Conclusion and Outlook


1. Introduction & Key Findings


Demand from ultra-high-net-worth (UHNW) clients is accelerating, fueled by a population now exceeding 626,000 individuals, collectively managing over $45 trillion in assets. Recent data shows how these clients are expanding their focus beyond traditional investments, seeking luxury assets such as mega yachts, private jets, and rare art collections, alongside hyper-personalised travel and bespoke wealth management. In 2023, the global art market surged to $68 billion, while the luxury travel sector is expected to exceed $1.5 trillion by 2025.

This shift presents significant opportunities for firms that can provide seamless, tailored services across sectors. UHNW clients are increasingly drawn to exclusive, high-end solutions, and businesses that can anticipate and meet these evolving needs stand to capture substantial market share. As the UHNW population continues to grow, so does the demand for integrated, premium services that combine wealth management with luxury lifestyle offerings.

John Paul Getty, once the world's richest man, epitomises the complex dynamics of wealth preservation and creation—a key theme in this year's Steinwick Wealth Report. © RTK Images

i. Legacy-Forward

John Paul Getty's legacy represents the era of old wealth, built through traditional sectors like oil, but today’s ultra-high-net-worth (UHNW) clients embody a new, more dynamic form of wealth creation. These modern investors are increasingly mobile, shifting their focus toward emerging industries such as healthcare and sustainability-driven technologies.

As capital costs rise, the appetite for well-positioned, forward-looking investments remains strong. For sales professionals, this creates vast opportunities—but only for those who can adapt their consulting approach to meet the evolving needs of these dynamic, sophisticated customers. Firms with the right expertise will thrive in this changing landscape.

ii. What It Takes to Reach the Global 1%

In the competitive landscape of wealth and influence, becoming part of the global 1% is a widely pursued but elusive goal. Steinwick Research’s latest report reveals the financial thresholds required to enter the top 1% in various countries by the close of 2023, giving a clear sense of where the ultra-wealthy are emerging and how they stack up globally.


US$12.9m

The 1% club

European hubs lead the “1% club” ranking led by Monaco, where US$18 million is the threshold**



The Global 1% Club

As expected, Monaco takes the lead with US $18 million in personal net worth needed to break into its 1% club. Switzerland follows closely at US $15 million, while the United States comes in at US $5 million. In many ways, the data underscores stark disparities in wealth concentration, especially between established Western economies and smaller financial hubs.

Thresholds for entry into the 1% by Country (Q4 2023):

Monaco: US $18 million

Switzerland: US $15 million

United States: US $5 million

Singapore: US $4 million

Germany: US $3 million

Chinese Mainland: US $1 million

Source: UBS

Despite the lofty numbers, joining the 1% remains a far more accessible goal than achieving UHNWI (Ultra-High-Net-Worth Individual) status, which starts at a net worth of US $30 million. For sales leaders in premium sectors, particularly those tasked with managing complex deals, understanding this dynamic can provide a critical edge. The regional wealth disparities offer nuanced opportunities for positioning high-value products and services.

Understanding the diverse dimensions of the ultra-high-net-worth individual (UHNWI) market is crucial for success. With the UHNWI population increasing by over 7% in 2023, reaching a total of 426,330 individuals, it becomes essential for sales leaders to adapt their strategies based on geographic and market conditions.

As UHNWIs now hold a staggering $49 trillion in collective wealth—accounting for 32% of all high-net-worth assets—regional disparities provide unique opportunities for tailoring products and services to meet the needs of this affluent clientele. For example, the U.S. has shown double-digit growth in UHNWI numbers, while India is emerging as a powerhouse with cities like Bengaluru and Hyderabad expected to grow their UHNWI populations by 14-16% annually over the next five years.

Sales teams must leverage this intelligence, focusing on the specific investment preferences and behaviors of UHNWIs in different regions. This includes recognizing the increasing interest in sectors such as real estate, where 22% of wealthy individuals are looking to invest in residential properties. Understanding these dynamics will position firms to craft compelling, localised strategies that resonate with UHNWIs, ultimately driving successful engagements and growth in this lucrative market.




2. Macroeconomic Environment





i. Global Growth Slows

Despite robust economic performance over the past year, the global economy is expected to decelerate, expanding at a rate of 2.9% in 2024, down from 3.1% in 2023. The U.S. economy, buoyed by consumer spending driven by savings from the pandemic, remains a bright spot. However, as these savings deplete and interest rates stay elevated, spending is expected to slow.

Simultaneously, geopolitical shifts—particularly the ongoing U.S.-China rivalry—will have a profound impact on strategic sectors like technology, energy, and defense. For sales leaders targeting UHNW clients, this means understanding where geopolitical tensions might channel ultra-wealthy investments into critical industries.




28.1%

Wealth prospects

The number of wealthy individuals globally is expected to increase by 28.1% over the five years to 2028





ii. Interest Rates to Decline

Inflation pressures are easing, but the pace of interest rate cuts remains uncertain. While many investors are anticipating rate reductions throughout 2024, broader macroeconomic factors suggest that these cuts may not be as aggressive as hoped.

The demographic shift toward an aging population, for instance, will lead to higher savings, prompting banks to reduce lending rates. However, the green energy transition and the decoupling of Western economies from China's supply chains will require massive public and private investments, potentially keeping debt costs elevated for the near future.

For UHNW sales professionals, this translates into increased demand for innovative investment solutions that hedge against prolonged cost pressures in these sectors.

iii. Shifting Geopolitical and Social Dynamics

Global Mobility

Wealthy individuals today are more mobile, often moving their capital based on tax incentives, safety, and lifestyle preferences. Countries like Singapore and Miami have become hubs for these high-net-worth individuals (HNWIs), attracted by favourable regulations and infrastructure.

Social Expectations

Many young wealth holders feel a responsibility to address global challenges, such as inequality and environmental degradation. This generational shift toward philanthropy and socially responsible investments is reshaping wealth management strategies.

iv. Wealth Distribution Trends and Policy Implications

Steinwick's findings highlight significant disparities in wealth distribution, especially in regions like Monaco and Luxembourg, where the concentration of wealth is higher due to smaller populations—Monaco has about 32% of its residents classified as millionaires. In contrast, larger countries like the U.S. and Germany show a more varied wealth distribution.

As Western nations face fiscal challenges, there's a growing focus on wealth taxation. Governments are considering new tax frameworks aimed at UHNWIs to fund social programs and tackle income inequality. In the U.S., proposals to raise taxes on capital gains and inheritances illustrate this trend, with nearly 40% of UHNWIs seeking tax-efficient investment options. Source: Bank Pictet et Cie.

For sales leaders targeting this demographic, understanding these dynamics is crucial. As government scrutiny on wealth management increases, UHNWIs may reassess their investment strategies and residency. Firms that can navigate these complexities and offer tailored solutions will be well-positioned to succeed.



3. Global Wealth Mobility & Emerging Wealth Trends





i. Global Wealth Mobility and Sales Strategy

The mobility of wealth is a pivotal theme in this year’s report. Our research highlights not only where Ultra-High-Net-Worth (UHNWI) capital is generated but, more importantly, where it is relocating. Factors such as shifts in geopolitical landscapes, changing tax regimes, and incentives from emerging markets are influencing how UHNWIs deploy their resources.

For sales leaders targeting this demographic, understanding these migration patterns is essential. There is a growing demand for personalized services and strategic partnerships that enable sales professionals to adapt to the preferences and behaviors of UHNW clients. As these individuals navigate new opportunities, firms that can offer tailored solutions will be better positioned to meet their evolving needs.

ii. The Surge of New Ultra-Wealthy Investors

Recent data indicates a robust rebound in global wealth creation despite challenges from rising interest rates. By the end of 2023, the number of Ultra-High-Net-Worth Individuals (UHNWIs) grew by 4.2%, equating to nearly 70 new ultra-wealthy individuals emerging daily, bringing the global total to over 626,600.

This growth is primarily driven by North America, which saw an increase of 7.2%, and the Middle East, which experienced a 6.2% rise. In contrast, Latin America is an outlier, showing a slight decline in its UHNW population.

Interestingly, while Europe has been slower in generating new wealth, it remains home to a significant portion of the world’s wealthiest individuals. This suggests that long-established financial hubs continue to wield considerable influence in the global wealth landscape.

iii. Generational Shifts in Wealth Creation

Intergenerational wealth transfer and evolving investment priorities are key themes in this year’s report. Younger generations, particularly female Gen Zers, exhibit a distinctly different approach to wealth creation and spending compared to their predecessors. Over the past decade, the number of female Ultra-High-Net-Worth Individuals (UHNWIs) has surged by 38%, a trend that shows no signs of slowing. This growth presents significant opportunities for sales leaders who can engage with this expanding segment effectively.

The generational shift also drives demand for more sophisticated and personalized financial solutions. Consequently, professionals in premium sales must prioritize cultivating relationships that align with the evolving preferences of these young, affluent clients.

This new era of wealth creation and mobility offers vast opportunities for sales leaders adept at addressing the complex needs of the ultra-wealthy. The Steinwick Report provides valuable insights into how UHNWIs are navigating a rapidly changing landscape, serving as a roadmap for those seeking success in premium, complex sales environments.



4.2%

Wealth creation returns

Worldwide the number of UHNWIs* rose 4.2% through 2023




iv. The Wealth Creation Rebound

2023 saw a global uptick in wealth creation following a turbulent 2022, driven by the strong performance of the U.S. economy, an equity market rebound, and the changing trajectory of interest rates. Global GDP grew by 3.1%, and UHNW portfolios rebounded, reversing significant losses from the prior year. In fact, the global UHNWI population rose by 4.2%, reaching 626,600 individuals by the end of 2023.

North America and the Middle East led the surge in UHNW population growth, with increases of 7.2% and 6.2%, respectively. Turkey and the U.S. were standout performers, with UHNWI populations expanding by 10% and 8%, respectively. However, Europe lagged behind, and Latin America was the only region to experience a decline in its ultra-wealthy population.

For sales professionals, these regional trends highlight where the greatest opportunities lie. The U.S. continues to be a dominant market for UHNW clients, but Asia and the Middle East are rapidly emerging as critical markets for wealth management and complex sales solutions.





4. Generational and Regional Shifts in Wealth





i. The Next Frontier in UHNW Sales

Looking ahead, the UHNW population is projected to grow by 28.1% over the next five years, with Asia leading the charge.

Countries like India (50% growth) and China (47% growth) are driving this wealth expansion, while emerging markets such as Malaysia and Indonesia are also seeing notable increases. These shifts emphasize the need for sales leaders to adapt strategies to meet the demands of a younger, more dynamic UHNW cohort.

With intergenerational wealth transfer underway, younger UHNW individuals are bringing new priorities to their investment strategies. This younger generation is more inclined toward investments that reflect their personal values, including sustainability and technology-driven opportunities. Sales professionals must navigate these shifting priorities to tap into this evolving demographic.

ii. A Generational Shift in Wealth

While the geographical distribution of wealth is evolving, a more profound transformation is underway within generational attitudes towards wealth management. According to Steinwick Research, several key trends are set to influence how Ultra-High-Net-Worth Individuals (UHNWIs) and their successors will manage and grow their fortunes over the next two decades. This shift necessitates a change in how sales leaders engage with this evolving client base.

Younger generations, particularly Millennials and Gen Z, are prioritizing values such as sustainability and social impact in their investment strategies. Reports indicate that nearly 75% of Gen Z investors prefer to align their portfolios with companies that reflect their ethical values. Additionally, there is a notable increase in female UHNWIs, whose numbers have risen by 38% in the past decade, creating new avenues for engagement and service.

Sales leaders must adapt their strategies to cater to these changing preferences, focusing on personalised approaches that resonate with the next generation of wealth holders. This includes developing offerings that prioritize transparency, sustainability, and social responsibility. As wealth management becomes increasingly sophisticated, those who understand and respond to these generational shifts will be better positioned to succeed in a rapidly changing landscape.

iii. Wealth Transfer Supercharging Existing Trends

A major transfer of wealth is set to occur as the Silent Generation and Baby Boomers pass their assets to younger heirs. According to Steinwick’s analysis, this shift coincides with radical changes in how wealth is invested.

Younger generations bring with them different outlooks, particularly when it comes to luxury spending, investment philosophies, and their engagement with brands.

For sales executives, particularly those dealing in premium or high-touch sales, this shift necessitates a fundamental reevaluation of strategy. Marketing to the next generation of UHNWIs will require personalized, values-driven approaches that align with their expectations of wealth stewardship.

iv. Women of Wealth

Diversity within the global Ultra-High-Net-Worth Individual (UHNWI) cohort is experiencing rapid growth. A recent survey from Altrata reveals that women now comprise 11% of the global UHNW population, up from 8% a decade ago. This shift not only reflects changing demographics but also indicates a broader evolution in wealth distribution.

The implications for businesses seeking to attract ultra-wealthy clients are significant. Companies that proactively adapt their sales and leadership strategies to engage this expanding market will be better positioned to seize new opportunities. For instance, focusing on personalized services and understanding the unique preferences of female UHNWIs—who often prioritize values such as sustainability and social impact—can create competitive advantages.

To capitalise on this trend, firms must cultivate an inclusive approach that resonates with diverse client needs. Adapting marketing strategies and product offerings to reflect the interests of this demographic will be crucial in navigating the future landscape of wealth management.



81%

Generational Shifts

81% of affluent female Gen-Z’s expect to grow their wealth this year



v. Gen Z and Rising Confidence in Wealth Creation

The attitudes of the younger generation reflect a confident, forward-thinking approach to wealth growth. Steinwick’s Attitudes Survey found that 71% of UHNWIs expect their wealth to increase in 2024, with younger Gen Z respondents showing the highest levels of optimism. For comparison, only 52% of Baby Boomer HNWIs anticipate growth in the same period.

This confidence isn’t merely about wealth accumulation; it extends to the way younger UHNWIs engage with the world of sales. Gen Z, in particular, is not only interested in products but in experiences, cultural alignment, and community-building investments. Sales leaders catering to this demographic must align their strategies to appeal to this generation's desire for both financial and cultural capital.





5. Client-Centric Strategies





i. Building Sales Strategies for the Next Era of Wealth

As part of Steinwick's comprehensive research into the UHNWI landscape, it is evident that grasping the attitudes, expectations, and values of the next generation is essential for success. Sales leaders in luxury and complex sectors must prepare for a client base that seeks not only premium products but also purpose-driven investments, collaborative opportunities, and meaningful experiences.

The financial sector is gearing up for the anticipated generational wealth transfer, as wealth shifts from baby boomers and the silent generation to Gen X, millennials, and Gen Z. This transition is prompting wealth managers to rethink their approaches to align with the values of younger generations, who are increasingly focused on sustainability and social impact.

For instance, a 2022 report from Deloitte indicates that 77% of millennials and Gen Z investors consider the ethical implications of their investments. This shift towards purpose-led investing means that firms must develop strategies that prioritise environmental, social, and governance (ESG) criteria to engage these affluent clients effectively.


11%

Becoming more diverse

Women make up around 11% of global UHNWIs up from 8% less than a decade ago


ii. Personalised and Values-Driven Advisory

Next-gen wealth holders seek alignment between their personal values and their financial strategies. Customisable portfolios that emphasise their specific goals—whether they be philanthropic, cultural, or sustainability-oriented—are becoming standard practice. Wealth managers must also provide advisory services that engage clients as partners in decision-making.

iii. Next-Gen Client Engagement and Education

Building Relationships

Wealth managers are focusing on building trust and strong relationships with younger clients by aligning with their values and offering tailored solutions that go beyond financial advice, often involving lifestyle and legacy planning.

Education and Empowerment

Financial education is critical, with younger clients seeking guidance on managing wealth responsibly and sustainably. Firms are developing content-rich platforms to educate clients on impact investing, digital assets, and new financial technologies.





6. Sustainability, Tech, and Innovation





i. Sustainability and Impact Investing

Younger generations prioritise investments that align with their values, particularly in environmental, social, and governance (ESG) factors. Impact investing, which focuses on generating positive social or environmental effects alongside financial returns, is a growing demand. The wealth management industry is responding by integrating sustainable investment portfolios and offering guidance on responsible investment strategies.

A growing number of younger investors prioritize environmental, social, and governance (ESG) factors in their investment choices. This generation is more focused on ethical investments that align with their values, such as combating climate change, reducing inequality, and supporting sustainable practices.

Wealth managers are increasingly offering products that focus on sustainability and positive societal impact, such as renewable energy projects or social impact bonds. The appeal of these investments goes beyond financial returns to social impact.

ii. Digital Transformation and Technology Integration

Younger generations prefer digital solutions, with many leaning towards automated or AI-driven financial management services. Financial institutions are increasingly adopting digital platforms to offer seamless, real-time wealth management experiences.

These technologies are emerging as tools for portfolio management, transaction security, and transparency. Blockchain, for instance, is transforming asset management by enabling tokenisation of assets, while AI can help customise investment strategies based on client preferences.

iii. Entrepreneurial Routes and Private Markets

Diversified wealth creation avenues: The younger generation has more diverse ways of creating wealth, from tech startups to online platforms like YouTube. Consequently, wealth managers are expanding their focus on private markets and entrepreneurial ventures, with an emphasis on venture capital and private equity.

Startups that stay privately held, like Airbnb and Uber, have shifted the mindset of younger investors. The rise of venture capital as a wealth-creation strategy has led to greater interest in early-stage companies.





7. Price Transparency & Market Access





i. Transparency and Lower Costs

Due to increased access to information and comparison tools, younger clients are more cost-conscious. They expect greater transparency regarding fees and investment structures. The financial sector is responding by offering more competitive pricing and clearer reporting on costs and returns.

ii. Price Transparency

With access to more information, younger clients are more cost-conscious and demanding greater transparency in fees and pricing. Digital platforms enable easy price comparisons, pressuring traditional wealth managers to reduce fees and offer more cost-effective solutions.

iii. Fee Scrutiny

Managers must offer value for money, with many embracing low-cost index funds or robo-advisors to appeal to younger, fee-sensitive clients.

iv. Private Market Access

With many younger investors being drawn to the success of companies like Facebook and Airbnb, there is a growing interest in private markets. These offer attractive opportunities and high returns for those willing to take on more risk. As a result, wealth managers are increasingly providing access to private equity, venture capital, and other alternative investments.




8. Challenges and Opportunities for Sales Leaders



While the forecasted growth in the UHNW population represents significant potential, the challenge for sales professionals is clear: understanding how to align complex sales offerings with the nuanced and evolving preferences of ultra-wealthy clients. Although wealth creation is poised to outpace global population growth, the challenge remains in servicing an increasingly sophisticated and mobile UHNW clientele.

Ultra-wealthy individuals are showing a particular interest in sectors like commercial real estate, but they are also focused on sustainability and future-proofing their investments.

Almost a fifth of UHNW clients plan to invest in commercial opportunities this year, while more than a fifth are eyeing high-end residential markets. Those firms equipped to deliver compelling, customized solutions in these sectors will be well-positioned for growth.

i. Positive Wealth Growth and Client Confidence

The outlook for 2024 remains positive, with Ultra-High-Net-Worth (UHNWI) clients expressing confidence in wealth growth across all regions, as revealed by our proprietary Attitudes Survey. The Middle East and Asia are particularly notable for their optimism, with clients in these regions anticipating robust portfolio performance over the coming year.

For sales professionals, this optimistic sentiment presents a valuable opportunity to engage clients with future-focused strategies, especially in sectors that align with the evolving global landscape. Areas such as sustainable investments, emerging markets, and innovative technologies are expected to be at the forefront of UHNWIs' interests.

As these clients continue to seek premium, complex sales solutions that offer long-term value, businesses that can provide tailored and strategic offerings will be well-positioned for growth..

ii. Future Prospects: What Sales Leaders Should Watch For

Looking ahead, wealth creation is projected to sustain its momentum, with the global Ultra-High-Net-Worth Individual (UHNWI) population expected to grow by 28.1% over the next five years, reaching over 800,000 by 2028.

Asia is poised to lead this growth, particularly in India and mainland China, where UHNWI populations are forecasted to surge by 50% and 47%, respectively. This robust expansion reflects not only economic growth in these regions but also increasing wealth concentration among high-net-worth individuals (HNWIs).

For sales leaders, this burgeoning market represents unprecedented opportunities in sectors that align with the economic and demographic shifts occurring in Asia. As the demand for premium services and sophisticated investment vehicles rises, high-net-worth individuals in these areas will increasingly seek expertise in navigating complex sales processes. Companies that can offer tailored, strategic solutions will be well-positioned to capture this expanding client base.

iii. Navigating Disruption: A Call for Expertise

The business landscape is currently facing a perfect storm of disruption across various sectors. Changes such as hybrid working models, sustainability mandates, and reinventions within the retail industry are significantly transforming how Ultra-High-Net-Worth Individuals (UHNWIs) allocate their resources.

These shifts open up new opportunities for UHNW sales professionals, especially as clients increasingly demand sophisticated and tailored strategies. The financial outlook for 2024 is promising, with record funds—totalling over US$483 billion—set to be deployed in investments. This influx of capital, coupled with demand outstripping supply in several key sectors, highlights the importance of differentiated solutions. Sales professionals who can provide unique and customised offerings will be well-positioned to emerge as leaders in this evolving landscape.

iv. Developing Anti-Fragility to Market Downturn

The global art market is one sector that has experienced a notable recent downturn, evidenced by Sotheby’s recent 25% decline in auction sales, as reported by The Financial Times. This decline highlights the challenges that sales professionals face when engaging with ultra-high-net-worth (UHNW) individuals in premium markets. As indicated in the Steinwick Wealth Report, today’s sales leaders must be exceptionally resourceful, navigating complex and high-stakes environments with precision.

In May 2024, a key Sotheby’s auction underperformed as a Francis Bacon portrait of his lover George Dyer failed to meet its estimated low end of $30 million. © RTK Images

Success in UHNW sales increasingly hinges on deep expertise, creative problem-solving, and an acute awareness of evolving wealth patterns. Traditional sales strategies are becoming inadequate in the face of shifting market dynamics. Sales professionals who can deliver tailored, strategic solutions that resonate with the unique needs and values of UHNW clients will thrive in these premium segments.

To build resilience in this volatile landscape, sales leaders should focus on the following strategies:

1. Understand Market Trends: Stay informed about market shifts and trends, especially in areas like art, real estate, and luxury goods. This knowledge enables tailored pitches that align with current client interests.

2. Emphasise Innovation: Encourage innovative approaches in product offerings and client engagement strategies. Embracing technology and data analytics can enhance personalization and service delivery.

3. Foster Relationships: Cultivating strong, trust-based relationships is crucial. Engaging clients in meaningful ways, such as through exclusive events or personalized experiences, can strengthen loyalty.

4. Adapt Quickly: Flexibility is key. Being able to pivot strategies in response to market changes ensures that sales professionals can address emerging client needs effectively.

In this challenging environment, resilience and innovation are paramount for success. As reported by The Financial Times, and reflected in the Steinwick Wealth Report, the ability to adapt and provide value will distinguish leaders in the UHNW market.

9. Conclusion

As the global wealth landscape continues to evolve, so do the preferences and strategies of high-net-worth individuals (HNWIs) and investors. The insights and trends outlined in this report reflect a world in transition, where geopolitical shifts, economic uncertainties, and changing market dynamics present both challenges and opportunities for wealth creation and preservation.

Throughout 2023, traditional asset classes such as real estate, classic cars, and fine wine have demonstrated resilience, underscoring the growing importance of informed decision-making and diversification. Emerging investment categories, particularly passion investments like art, jewelry, and timepieces, offer both emotional and financial value, making them essential components of a well-rounded portfolio.

Looking ahead, regions like Asia-Pacific, especially Japan, are expected to play a pivotal role in shaping global wealth trends. Established markets such as the U.S., UK, and Australia continue to attract international investors due to their stability and strong economic fundamentals. The rise of private investment in tangible assets and alternative markets signals a broader shift towards personalised and diversified wealth management approaches.

Ultimately, navigating this ever-changing landscape requires agility, expertise, and a forward-thinking mindset. Sales professionals and investors must fine-tune their strategies—whether in real estate, niche collectibles, or by staying attuned to macroeconomic signals—to secure sustainable growth in the years to come.

The period ahead presents a unique window of opportunity for those ready to embrace these changes. This report aims to equip you with the knowledge and insights necessary to make informed decisions in the global wealth marketplace. With a focus on adaptability and a commitment to understanding evolving client needs, stakeholders can position themselves for success in 2024 and beyond.

End.


STEINWICK

Leaders for Growth.

Steinwick appoints exceptional sales, revenue, and business development leaders in to premium category and complex markets with a global focus.

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Steven Thomas