Print this article
Future Wealth Creators Look Optimistically Into The Future - Scorpio
Knud Noelle
28 May 2010
More than half of all wealth creators surveyed in the Futurewealth Project by Scorpio Partnership, The Standard Chartered Private Bank and Morar Consulting said in March that they have increased their wealth the last 12 months, regardless of the global economic crisis. Things are expected to be even better in the next 12 months, as 81 per cent of those surveyed said they expect an increase in their wealth. The findings underline the great growth potential of the wealth industry. Catherine Tillotson, a managing partner at Scorpio Partnership, said that this survey offers great insight into the expectations of the “world’s up-and-coming wealth creators”. Last September, 78 per cent of those who participated in this study said that they expect their wealth to grow by September 2010. A the end of March, 56 per cent already saw their wealth grow, and the study predicts that by September 2010, 71 per cent will achieve this goal, with only 6 per cent of wealth creators seeing their wealth decrease. Of those surveyed in March, 81 per cent expect their wealth to increase by March next year. The survey also found that 74 per cent of those surveyed said that increasing their income was their main goal for 2010, and 80 per cent said that they intend to do so by either seeking promotion or changing jobs. For their career, 58 per cent said that they considered moving country in the last five years. “The future wealthy are vocal, positive, globally mobile and highly demanding in terms of service quality,” said Peter Flavel, global head of The Standard Chartered Private Bank. “They are clearly an important client group and their high level of confidence confirms our expectations about the market’s growth potential,” he said. In the March survey 202 individuals took part. The project hopes to discover the goals, ambitions, attitudes and motivations of the future wealth creator. Respondents included corporate executives, business owners, academics and some raising families or taking career breaks.