Market Insights Financial
- Worldwide
- In Worldwide, the Assets under Management in the Wealth Management market are forecasted to reach US$128.90tn in 2024.
- Financial Advisory emerges as the dominant player in this market, with a projected market volume of US$126.10tn in 2024.
- Looking ahead, the Assets under Management are expected to exhibit an annual growth rate (CAGR 2024-2028) of 5.34%, leading to a market volume of US$158.70tn by 2028.
- This indicates a positive outlook for the Wealth Management market.
- In the United States, the current trend in the wealth management market is a shift towards sustainable investing and impact investing.
Key regions: United States, United Kingdom, Germany, Hong Kong, Singapore
Definition:
Wealth management is a service provided by financial institutions, such as banks or investment firms, to help individuals manage their money and investments. The goal of wealth management is to help people grow and protect their wealth over time, by creating personalized investment plans that consider their financial goals, risk tolerance, and overall financial situation. This goal ultimately emphasizes wealth creation through wealth preservation.
Structure:
The Wealth Management market consists of two different segments, Financial Advisory and Digital Investment. Financial Advisory covers traditional financial advisory services and provides a broader look into the revenue generated by this offering. Digital Investment contains automated investment services (Robo-Advisors) and online trading services (Neobrokers) that go beyond the means of traditional financial advisory services.
Additional information:
The market comprises of revenues, number of advisors, average revenue per advisor, assets under management (AUM), users, average revenue per user, and average AUM per user. Revenues are generated through the financial advisory services offered by the financial institutions within the Wealth Management market space. The market only displays B2C revenues and users for the above-mentioned segments and subsegments; B2B and B2G revenues are not included. Additional definitions for each segment can be found on the respective segment pages.
Market numbers for Digital Investment are also featured among our digital markets, namely in the Digital Investment segment of the Fintech market.
Key players in the market include financial institutions such as BlackRock, Vanguard Group, Fidelity Investments, State Street Global, and J.P. Morgan Chase & Co.
For more information on the data displayed, use the info button right next to the boxes.
in-scope
- Traditional & Digital Wealth Management (non-automated & automated wealth management services)
- Traditional Investment, incl. Financial Advisors
- Banks, Financial Institutions, and Financial Services Companies
- Digital Investment, incl. Robo-advisors and Neobrokers
- Full-Service Products for Investing and Trading
- Retail/Non-Professional Investors
out-of-scope
- Commercial Assets or Assets Under Custody
- Independent Financial Advisory Companies
- Independent Financial Advisors (IFAs)
- Full-Service Products for Insurance and Lending
Wealth Management
- Financial Advisory
- Digital Investment
- Robo-Advisors
- Neobrokers
Related markets:
Capital Raising
Digital Assets
Real Estate
Banking
Commodities
Corporate Finance
Insurances
Digital Payments
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Market
Region
Region comparison
Currency
Analyst Opinion
The Wealth Management market Worldwide is experiencing significant growth and development due to changing customer preferences, emerging trends, local special circ*mstances, and underlying macroeconomic factors. Customer preferences: Trends in the market: Local special circ*mstances: Underlying macroeconomic factors:
Methodology
Data coverage:
The data encompasses B2C enterprises. The figures are based on gross revenues, assets under management, and user & advisor data of relevant services and products offered within the Wealth Management market.
Modeling approach / Market size:
Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players, industry reports, third-party reports, publicly available databases, and survey results from primary research activities (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as: GDP, gross national income (GNI), consumer spending, total investment (% of GDP), high income (% of population), and number of high-net-worth individuals (HNWI). This data helps us estimate the market size for each country individually.
Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.
Additional notes:
The market is updated twice a year in case market dynamics change. The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development).
Overview
- Assets Under Management (AUM)
- Analyst Opinion
- Financial Advisors
- High Net Worth Individuals
- Methodology
- Key Market Indicators
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