Enduring Prosperity - Financial Services Growth Strategy
Positive long-term system growth across our core markets
$1m+ Australian wealth segment v
financial adviser #'s³ (2018-2026F)
Australian Managed Funds and
Housing market5 (2016-2021)
Global AUM1 and ESG AUM² (US$tr)
(2020-2025F)
$6.0tr
15
$4.3tr
10
$2.8tr
$3,000
$2,500
$2,000
$1,500
$1,000
$500
$0
25
c.6%
CAGR
20
20
mill
5
2018
2020
Investable assets $bn (LHS)
2022F
2024F 2026F
Adviser numbers #000's (RHS)
c.9%
CAGR
$9.1tr
$103tr
c.9%
CAGR
$136tr
$53tr
$35tr
c.6%
CAGR
c.9%
CAGR
2020
2025F
2020
2025F
2016
2021
■Managed Funds (FUM $tr)
2016
2021
■Housing Market ($tr)
■Global AUM
ESG
$1m+ segment in Australia expected to grow at
c.6% vs 4% total system growth
Growing wealth will increase demand for advice
conversely declining number of advisers will
create a widening advice gap
☐
Greatest intergenerational wealth transfer
approaching
☐
Strong growth across key drivers for corporate
trustees business
■ c. $4.3tr AUM in Managed Funds at June 20214
■ Australian residential real estate surpassed $9tr
at September 20215
■ Australian real estate and the capital flows into
real-estate bouncing back after COVID-19
impact
Strong system growth expected across all
regions
-
this will
■ ESG growth expected to outpace total system
growth targeting c.$53tr by 2025
represent over a third of global AUM
Source: 1. Boston Consulting Group, Global Asset Management 2021, "The $100 Trillion Machine", July 2021, 2. Bloomberg Intelligence, "ESG assets may hit $53 trillion by 2025, a third of global AUM", Feb 2021. 3. NMG Advice Model 4. Managed
Funds, Australia, ABS Data June16 - June21. 5. Core Logic "Australian housing market surpasses $9 trillion valuation" Sept 16 - Sept 21.
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