Indonesia Wealth Market – According to the report analysis, ‘Wealth In Indonesia: HNW Customers’ states that wealth managers in Indonesia primarily deal with the family premises owners and first-generation entrepreneurs. Wealth from these sectors accounts the market more significantly, with the very little coming from inheritance or as a result of running the main business as an independent executive. Whereas, the Indonesia HNW individual have strong and rising demand for advisory asset management facilities. Demand for all planning facilities is lower except tax planning in Indonesia than the regional averages, but this trend should reciprocal in the near future. Moreover, Indonesia has many wealthy players and this country is a service-oriented which is featured by its low taxation. Furthermore, it is anticipated that by the time the number of players will go to rise in the near future and the investors can invest more for attaining the high return with their investment knowledge.
The economy of Indonesia has the largest economy in Southeast Asia and it is one of the emerging market economies of the world. This region still depends on the domestic market and government budget spending and its ownership of state-owned meanwhile ranks down the world average. Moreover, the financial institutions and luxury goods companies in Indonesia largely rely on HNW consumers. The HNW investors of Indonesia have prominent accumulated their wealth with the business trends and interest, property and producing key wealth generators. The defensive investment by the HNW investors dominate the average portfolio, and meanwhile, this is not expected to change whereas do forecast a decrease in demand for cash, meanwhile, the demand for fixed income is anticipated to grow. Moreover, Tax Planning is most sought after, but the demand for pension and financial planning is on the growth.
On the basis of the study, the HNW customers analyze the portfolio of Indonesian HNW individuals, for making their investments to product demand to source of wealth and accordingly this report is also totally based on the 2014 Global Wealth Managers Survey which is resulted by the best-price case studies on how to target Indonesian HNW individuals where applicable. Moreover, the players of this region generally analyze the best method to capture new Indonesian HNW clients and how best to maintain communications during the client relationship to capture the larger market share.
The government is also playing effective role in the transformation of landscape by enhancing the marketing strategies and gaining the new clients moreover to improve the service proposition to compare the facility and product need which is expressed by the HNW investors and work accordingly in an auspicious manner for determining the change in need and demand of the market accordingly. Therefore, in the coming years, the wealth of this region is anticipated to grow more effectively and positively with the extensive investment by the new entrants and existing investors over the decades.
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Ankur Gupta, Head Marketing & Communications