(ANSA) – MILAN, NOVEMBER 24 – By the end of 2021, assets under management in Private Banking should reach a value of 1.021 billion, with an increase of 9.5% compared to 2020. At the end of the first half, assets reached 993 billion, exceeding in just 6 months the estimate made at the beginning of the year of 978 billion expected for the end of 2021. This is what emerges during the 17th edition of the Private Banking Forum organized by Aipb, the Italian Private Banking Association.
According to AIPB data, “the wealth of Italians is growing faster than the GDP, which in 2021 rebounded above the expectations of the beginning of the year by 4.7%, already in September a + 6.2%”, with 1,113 billion (+4 , 4% on average per year) the expected estimate of the assets managed by the sector at the end of the next two years.
An AIPB-Centro Einaudi research also photographs a cluster of customers, the private one, with distinctive characteristics, compared to the whole of Italian families. 76% of ‘private households’ (compared to 42% of other households) have a saving capacity of more than 5% of disposable income and an aptitude for investing financial wealth of 85%, against 54%. The financial risk tolerance statement is 36%, versus 8%, with a preference for long-term yields of 18%, compared to 8% for other households.
“For private wealth to really contribute, it is necessary to improve the conditions for participation in the markets by qualified investors: a reform of the financial markets could increase the weight of the real economy in private portfolios, from 0.5% today (4 billion) to a future 5% (60 billion), incorporating the unexpressed demand potential “, says the Italian Private Banking Association. (HANDLE).
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Source From: Ansa
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