Helping to answer the question, three-quarters of respondents to Knight Frank’s Attitudes Survey said the net worth of their clients increased in 2013. Almost 65% said their clients were also positive about their wealth creation prospects in 2014.
The 2014 survey, which was completed by almost 600 private bankers or wealth advisors representing around 23,000 UHNWI clients across the world, provides an invaluable guide to the attitudes of UHNWIs towards property, their investments and how they spend their money.
The most bullish regions of the world regarding wealth creation this year were Europe and the Middle East – 70% of respondents said their clients were positive about their prospects.
In terms of the factors that could influence UHNWI’s ability to generate wealth in 2014, 42% of respondents said local economic conditions could have a positive impact, while a net balance of 21% said local taxation conditions could have a negative impact.
This year, for the first time, we have been able to splits the results down by every major world region: Europe, Russia and the CIS, Asia, Australasia, the Middle East, Africa, North America and Latin America.
All the survey responses, broken down by world region, and more analysis are included in The Wealth Report, which can be downloaded here.