Capgemini Research Institute

“growing the global millionaire population by nearly 2 million to 25.3 million individuals”

“the top 1% of HNWIs account for 34.8% of HNWI wealth”

“Equity allocations increased to 25% of HNWI portfolios as of January 2026, marking a three-percentage-point increase from last year”

“two in three HNWIs (68%) indicating an intention to increase their exposure to private equity”

“Exclusive client relationships have halved in the past six years: in 2019, 39% of HNWIs worked with a single firm; in 2025, that figure shrunk to just 19%”

“88% of HNWIs say they work with multiple firms specifically to gain better access to alternative investments”

“polled 6,510 high-net-worth individuals”

“144 senior wealth management executives”

“1,317 relationship managers”