Despite socio-political turmoil in recent years, Latin America is due to see a boost in its ultra-wealthy population, with Argentina leading the race, by 2020.

According to Verdict Financial’s data, ultra high net worth individuals (UHNWI) are forecast to experience considerable growth by 2020. Latin America will be leading the race, showing compound annual growth rate (CAGR) of 13% for individuals and nearly 14% growth in their assets. 

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The best performer is Argentina, with 10m+ wealth band increasing by 30%.

Wealth of opportunities – but not in Ukraine:

Emerging markets in Latin America hold plenty of opportunities for advisers to grow assets under management and capitalise on the growing wealthy population.

However, UHNWIs in Western Europe are forecast to experience an increase of only 7% by 2020.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Ukraine is expected to be the worst performer, showing near zero percent growth.

As the population ages the growth is likely to be derived by the fact that more wealth is accumulated over time and more individuals cross the 10m wealth threshold than ever before. This will be counterbalanced by low growth rates for the non-affluent market. For instance, non-affluent individuals in the US are forecast to register a negative CAGR of 9.4%.

Leading up to 2020, in most countries worldwide, UHNWIs are forecast to grow faster than other wealth bands.

In particular, in emerging markets across Latin America, both the local and overseas propositions should be targeted at the emerging wealthy populations, and advisors should be prepared to manage their clients’ expectations competently in order to grow their share of the wallet.

How much will UHNW individuals and their liquid assets grow over 2016-2020?

Source: Verdict Financial’s Global Wealth Markets Analytics