Thursday, June 10, 2010
Dear Luxury Professional:
Please find a link to a very compelling report on global wealth entitled, "Regaining Lost Ground," resurgent markets and new opportunities.
The report describes several strategies and operating levers such as price, retaining & winning clients and how wealth managers can improve risk management.
North America for example posted the greatest absolute gain in wealth at $4.6 trillion while the largest percentage gain occurred in Asia/Pacific where wealth increased some 22%.
There are now 11.2 million, "millionaire households" in the world today with roughly half (4.7M) in the United States!
The highest density of millionaires exists in Singapore, Hong Kong, Switzerland and The Middle East.
I found this to be interesting reading and something worth reviewing as the economy begins to incrementally improve and buyer activity increases:
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