Personal investments market to quadruple by 2030

The personal investments market is expected to grow at a rate of 4.6 per cent per annum over the next 15 years, says Rice Warner. 

According to a Rice Warner report – Personal Investment Market Projections Report 2014 – wrap platforms and separately managed accounts will be the fastest-growing sector within the space, increasing from 2.6 per cent to 7.6 per cent by 30 June 2029.

“A significant shift from directly held investments to investments held on platforms is expected.

“Personal investments held on platforms will increase to four times its current level in 15 years,” the report stated.

The report – which analyses the market of personal investments in Australia as at 30 June 2014 – also found that by 30 June 2029 total equity holdings, including ETFs, will increase from 14.4 per cent of overall personal investments to 21.7 per cent.

However, total cash and term deposits will reduce from 35 per cent to 30 per cent.

The total personal investments market at 30 June 2014 was valued at $2,490 billion. Comparatively, the superannuation market has assets of $1,837 billion.

InvestorDaily