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Financial Planning & Advice in the US - Industry Market Research Report

  • ID: 16876
  • Report
  • November 2019
  • Region: United States
  • 34 pages
  • IBISWorld
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Planning ahead: The aging population and rising investor uncertainty will boost demand for industry services

FEATURED COMPANIES

  • Ameriprise Financial Inc.
  • MORE

Financial Planning & Advice in the US

The Financial Planning and Advice industry has undergone tremendous growth over the five years to 2019. Greater disposable income, healthy equity and fixed income markets and greater assets under management have propelled industry revenue. Rising employment and disposable income in the US economy have also boosted consumer demand for financial planning services, as individuals seek to grow and retain pools of assets. Over the five years to 2024, revenue is projected to increase as equity and fixed income yields rise. IBISWorld forecasts that the growing number of affluent households and rising equity markets will boost total AUM for the industry and raise revenue generated from management fees. Additionally, the aging of the US population and increased investor uncertainty will heighten demand for financial planning services, as more Americans nearing retirement age will seek professional financial advice.

This industry comprises companies that provide financial planning, financial advice and wealth management to individuals and business clients. Operators also offer advice in conjunction with other activities, such as portfolio management, protection planning and brokerage services. This industry does not include mutual fund companies, hedge funds, discount brokers, insurance brokers or other companies that deliver similar services outside the context of a written financial plan.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Ameriprise Financial Inc.
  • MORE
ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES

OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY
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  • Ameriprise Financial Inc.
  • Raymond James Financial Inc.
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