Financial Planning & Advice in California - Industry Market Research Report

Market Saturation: Strengthening External Competition Will Likely Slow Growth from Increased Income and Uncertainty

Financial Planning & Advice in California

The Financial Planning and Advice industry in California is comprised of advisers and planners that provide wealth management and other financial services, such as portfolio management, protection planning and brokerage services, for their clients. Over the five years to 2017, the industry in California has been growing. Over the past five years, assets under management in California has grown in line with a rise in per capita disposable income and the value of equities markets. As per capita disposable income has grown, California residents have had more financial resources available to invest, thus prompting clients to work with industry operators. These trends are expected to persist over the five years to 2022. The number of affluent households in California is expected to continue climbing in line with the rising value of the S&P 500. Moreover, the state population is projected to continue aging, while investor uncertainty is forecast to increase. However, strengthening external competition will slow revenue growth to some extent.

This industry comprises companies in California that provide financial planning, financial advice and wealth management to individuals, businesses and institutional clients. Operators also carry out 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 these 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.