FEATURED COMPANIES
- Citigroup Inc.
- Credit Suisse Group AG
- Credit Suisse Group Agl
- HSBC Holdings plc
- JPMorgan Chase & Co.
- Morgan Stanley
Wealth Management Global Market Opportunities And Strategies To 2030: COVID-19 Impact and Recovery provides the strategists; marketers and senior management with the critical information they need to assess the global wealth management market as it emerges from the COVID 19 shut down.
Where is the largest and fastest growing market for wealth management? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The wealth management market global report answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider wealth management market; and compares it with other markets.
Markets Covered:
Companies Mentioned: Morgan Stanley; Bank of America Corporation; UBS Group AG; Wells Fargo & Company; JPMorgan Chase & Co.
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; wealth management indicators comparison.
Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Reasons to Purchase
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- Benchmark performance against key competitors.
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Description:
Where is the largest and fastest growing market for wealth management? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The wealth management market global report answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider wealth management market; and compares it with other markets.
The report covers the following chapters
- Executive Summary - The executive summary section of the report gives a brief overview and summary of the report.
- Report Structure - This section gives the structure of the report and the information covered in the various sections.
- Introduction - This section gives the segmentation of the wealth management market by geography, by type of asset class, by advisory mode, by wealth manager, by enterprise size, by type of client and by service element.
- Market Characteristics - The market characteristics section of the report defines and explains the wealth management market. This chapter includes different goods covered in the report and basic definitions.
- Product Analysis - The product analysis section of the report describes the leading products in the market along with key features and differentiators for those products.
- Supply Chain - The supply chain section of the report defines and explains the key players in the wealth management industry supply chain.
- Customer Information - This chapter covers recent customers’ trends/preferences in the global wealth management market.
- Trends And Strategies - This chapter describes the major trends shaping the global wealth management market. This section highlights likely future developments in the market and suggests approaches companies can take to exploit these opportunities.
- COVID-19 Impact - This chapter describes the impact that the COVID-19 pandemic had across various industries and companies in the wealth management industry.
- Global Market Size And Growth - This section contains the global historic (2015-2020) and forecast (2020-2025), and (2025-2030) market values, and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional Analysis - This section contains the historic (2015-2020) and forecast (2020-2025), and (2025-2030) market values and growth and market share comparison by region.
- Segmentation - This section contains the market values (2015-2030) and analysis for different segments.
- Global Macro Comparison - The global wealth management market comparison with macro-economic factors gives the wealth management market size, percentage of GDP, and average wealth management market expenditure.
- Regional Market Size and Growth - This section contains the region’s market size (2020), historic (2015-2020) and forecast (2020-2025), and (2025-2030) market values, and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, South America, Middle East and Africa and major countries within each region. The market overview sections of the report describe the current size of the market, background information, government initiatives, regulations, regulatory bodies, associations, corporate tax structure, investments, and major companies.
- Competitive Landscape - This section covers details on the competitive landscape of the global wealth management market, estimated market shares and company profiles of the leading players.
- Key Mergers And Acquisitions - This chapter gives the information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Background - This section describes the investments market of which the wealth management market is a segment. This chapter includes the services market 2015-25 values, and regional analyses for the investments market.
- Market Opportunities And Strategies- This section includes market opportunities and strategies based on findings of the research. This section also gives information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is significant business to be gained by competitors in the next five years.
- Conclusions And Recommendations - This section includes conclusions and recommendations based on findings of the research. This section also gives recommendations for wealth management companies in terms of product/service offerings, geographic expansion, price offerings, marketing strategies and target groups.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Scope
Markets Covered:
- By Type of Asset Class: Equity; Fixed Income; Alternate Assets and Others
- By Advisory Mode: Human Advisory; Robo Advisory; Hybrid
- By Type of Wealth Manager: Private Banks; Investment Managers; Full-Service Wealth Managers; Stockbrokers; Others
- By Enterprise Size: Large Enterprises; Medium and Small Enterprises
- By Type of Client: Pension Funds; Insurance Companies; Sovereign Wealth Fund (SWF); High-Net Worth Individual (HNWI); Mass Affluent
- By Service Element: Asset Management; Portfolio Management And Investment Advice; Funds, Trusts and Other Financial Vehicles
Companies Mentioned: Morgan Stanley; Bank of America Corporation; UBS Group AG; Wells Fargo & Company; JPMorgan Chase & Co.
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; wealth management indicators comparison.
Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Frequently Asked Questions about the Global Wealth Management Market
What is the estimated value of the Global Wealth Management Market?
What is the growth rate of the Global Wealth Management Market?
What is the forecasted size of the Global Wealth Management Market?
Who are the key companies in the Global Wealth Management Market?
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- Citigroup Inc.
- Credit Suisse Group AG
- Credit Suisse Group Agl
- HSBC Holdings plc
- JPMorgan Chase & Co.
- Morgan Stanley
1. Wealth Management Market Executive Summary2. Table of Contents3. List of Figures4. List of Tables5. Report Structure9. Wealth Management Market, Product/Service Analysis -Product/Service Examples
6. Introduction
7. Wealth Management Market Characteristics
8. Wealth Management Market, Supply Chain Analysis
10. Wealth Management Market Customer Information
11. Wealth Management Market Trends And Strategies
12. Impact Of COVID-19 On The Wealth Management Market
13. Global Wealth Management Market Size And Growth
14. Wealth Management Market, Regional Analysis
15. Global Wealth Management Market Segmentation
16. Global Wealth Management Market Comparison with Macro Economic Factors
17. Asia-Pacific Wealth Management Market
18. Western Europe Wealth Management Market
19. Eastern Europe Wealth Management Market
20. North America Wealth Management Market
21. South America Wealth Management Market
22. Middle East Wealth Management Market
23. Africa Wealth Management Market
24. Global Wealth Management Market Competitive Landscape
25. Key Mergers And Acquisitions In The Wealth Management Market
26. Market Background: Investments Market
27. Recommendations
28. Appendix
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- Citigroup Inc.
- Credit Suisse Group AG
- Credit Suisse Group Agl
- HSBC Holdings plc
- JPMorgan Chase & Co.
- Morgan Stanley
This report describes and explains the wealth management market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.
The wealth management market reached a value of nearly $475.9 billion in 2020, having increased at a compound annual growth rate (CAGR) of 4.8% since 2015. The market is expected to grow from $475.8 billion in 2020 to $730.7 billion in 2025 at a rate of 9.0%. The market is then expected to grow at a CAGR of 8.8% from 2025 and reach $1,116.1 billion in 2030.
Growth in the historic period resulted from strong emerging markets growth, growth in the number of high-net-worth individuals, digitization and increased internet penetration.
Going forward, increasing retiree population, increasing wealth of high-net-worth individuals, rising demand for alternative investments, growth in individual investors investments and increase in internet penetration will drive the growth. Factors that could hinder the growth of the wealth management market in the future include the COVID-19 pandemic, fintech firms, wide range of services offered by asset managers and passive investments.
The wealth management market is segmented by segmented by type of asset class into equity, fixed income and alternative assets and others. The fixed income market was the largest segment of the wealth management market segmented by type of asset class, accounting for 64.8% of the total in 2020. Going forward, the fixed income market is expected to be the fastest growing segment in the wealth management market segmented by type of asset class, at a CAGR of 9.2% during 2020-2025.
The wealth management market is segmented by advisory mode into human advisory, robo advisory and hybrid. The human advisory market was the largest segment of the wealth management market segmented by advisory mode, accounting for 97.7% of the total in 2020. Going forward, the robo advisory is expected to be the fastest growing segment in the wealth management market segmented by advisory mode, at a CAGR of 20.5% during 2020-2025.
The wealth management market is segmented by type of wealth management firm into private banks, investment managers, full service wealth managers, stockbrokers and others. The private banks market was the largest segment of the wealth management market segmented by wealth management firm, accounting for 41.1% of the total in 2020. Going forward, the others market is expected to be the fastest growing segment in the wealth management market segmented by wealth management firm, at a CAGR of 12.1% during 2020-2025.
The wealth management market is segmented by enterprise size into large enterprises and medium and small enterprises. The large enterprises market was the largest segment of the wealth management market segmented by enterprise size, accounting for 60.7% of the total in 2020. Going forward, the medium and small enterprises market is expected to be the fastest growing segment in the wealth management market segmented by enterprise size, at a CAGR of 9.4% during 2020-2025.
The wealth management market is segmented by type of client into pension funds, insurance companies, and sovereign wealth fund (SWF), High-Net worth Individual (HNWI) and mass affluent market. The mass affluent market was the largest segment of the wealth management market segmented by type of client, accounting for 45.2% of the total in 2020. Going forward, the sovereign wealth fund (SWF) market is expected to be the fastest growing segment in the wealth management market segmented by type of client, at a CAGR of 10.6% during 2020-2025.
North America was the largest region in the wealth management market, accounting for 53.7% of the total in 2020. It was followed by Western Europe, and then the other regions. Going forward, the fastest-growing regions in the wealth management market will be Asia Pacific, and, Western Europe where growth will be at CAGRs of 9.62% and 9.61% respectively. These will be followed by Africa, and North America, where the markets are expected to grow at CAGRs of 8.9% and 8.6% respectively.
Global economic activity is suffering major setback due to the coronavirus outbreak and the measures being taken to control it. This will have broader implications on the wealth management industry, with countries implementing aggressive financial policies to recover and stabilize the economic situation. Wealth management firms are mainly focusing on cash preservation and protecting costs structures for portfolio firms during the coronavirus months. Investors are planning and working towards protecting their assets during these turbulent times. Amid the pandemic, the overall wealth investment fell with rising risk averse behavior of the clients and reduction in the amount of wealth in the hand of the people.
The wealth management market is fragmented, with a large number of players. The top ten competitors in the market made up to 24.74% of the total market in 2020. The market is highly competitive due to regulatory, intense price competition and other infrastructure challenges. This fragmentation is mainly due to the presence of a large financial institutions, brokerage firms, investment banking companies, and local merchant banks and other banks who provide the similar products and services local customers and industries. Morgan Stanley was the largest competitor with 4.00% of the market, followed by Bank of America Corporation with 3.91%, UBS Group AG with 3.58%, Wells Fargo & Company with 3.05%, JPMorgan Chase & Co. with 2.99%, Citigroup Inc. with 2.52%, HSBC Holdings plc with 1.64%, The Goldman Sachs Group, Inc. with 1.26%, Credit Suisse Group AG with 1.04% and Industrial and BNP Paribas with 0.74%.
The top opportunities in the wealth management market segmented by type of asset class will arise in the fixed income segment, which will gain $168.1 billion of global annual sales by 2025. The top opportunities in the wealth management market segmented by advisory mode will arise in the human advisory segment, which will gain $239.5 billion of global annual sales by 2025. The top opportunities in the wealth management market segmented by type of wealth manager will arise in the private banks segment, which will gain $78.7 billion of global annual sales by 2025. The top opportunities in the wealth management market segmented by enterprise size will arise in the large enterprises segment, which will gain $148.8 billion of global annual sales by 2025. The top opportunities in the wealth management market segmented by type of client will arise in the High-Net-Worth Individual (HNWI) segment, which will gain $121.9 billion of global annual sales by 2025. The wealth management market size will gain the most in the USA at $108.2 billion.
Market-trend-based strategies for the wealth management market include investing in deploying more AI applications for faster customer response, investing in cybersecurity technologies to enhance their security capabilities, offering hybrid services to increase service offerings, consider using robo advice to reduce the cost of fund management, consider investing in big data solutions to improve client acquisition and retention rates, adapt to the changing demographics to drive revenues, focus on offering ethical investing services, focus on providing personalized services and focus on partnerships, collaborations and acquisitions.
Player-adopted strategies in the wealth management market include business expansion through mergers and acquisitions, client interaction to improve the client serving, investing in technology with a focus on superior client experience, product capabilities, efficiency and effectiveness, new digital infrastructure strategies and collaborations across business lines and improving operational excellence and business expansion through new innovations.
To take advantage of these opportunities, the publisher recommends the wealth management companies to focus on hybrid wealth management services, focus on offering personalized services, focus on investing in cybersecurity technologies, focus on developed markets, increase adoption of internet and social media, increase visibility through websites, focus on fast-growing end-use industries.
The wealth management market reached a value of nearly $475.9 billion in 2020, having increased at a compound annual growth rate (CAGR) of 4.8% since 2015. The market is expected to grow from $475.8 billion in 2020 to $730.7 billion in 2025 at a rate of 9.0%. The market is then expected to grow at a CAGR of 8.8% from 2025 and reach $1,116.1 billion in 2030.
Growth in the historic period resulted from strong emerging markets growth, growth in the number of high-net-worth individuals, digitization and increased internet penetration.
Going forward, increasing retiree population, increasing wealth of high-net-worth individuals, rising demand for alternative investments, growth in individual investors investments and increase in internet penetration will drive the growth. Factors that could hinder the growth of the wealth management market in the future include the COVID-19 pandemic, fintech firms, wide range of services offered by asset managers and passive investments.
The wealth management market is segmented by segmented by type of asset class into equity, fixed income and alternative assets and others. The fixed income market was the largest segment of the wealth management market segmented by type of asset class, accounting for 64.8% of the total in 2020. Going forward, the fixed income market is expected to be the fastest growing segment in the wealth management market segmented by type of asset class, at a CAGR of 9.2% during 2020-2025.
The wealth management market is segmented by advisory mode into human advisory, robo advisory and hybrid. The human advisory market was the largest segment of the wealth management market segmented by advisory mode, accounting for 97.7% of the total in 2020. Going forward, the robo advisory is expected to be the fastest growing segment in the wealth management market segmented by advisory mode, at a CAGR of 20.5% during 2020-2025.
The wealth management market is segmented by type of wealth management firm into private banks, investment managers, full service wealth managers, stockbrokers and others. The private banks market was the largest segment of the wealth management market segmented by wealth management firm, accounting for 41.1% of the total in 2020. Going forward, the others market is expected to be the fastest growing segment in the wealth management market segmented by wealth management firm, at a CAGR of 12.1% during 2020-2025.
The wealth management market is segmented by enterprise size into large enterprises and medium and small enterprises. The large enterprises market was the largest segment of the wealth management market segmented by enterprise size, accounting for 60.7% of the total in 2020. Going forward, the medium and small enterprises market is expected to be the fastest growing segment in the wealth management market segmented by enterprise size, at a CAGR of 9.4% during 2020-2025.
The wealth management market is segmented by type of client into pension funds, insurance companies, and sovereign wealth fund (SWF), High-Net worth Individual (HNWI) and mass affluent market. The mass affluent market was the largest segment of the wealth management market segmented by type of client, accounting for 45.2% of the total in 2020. Going forward, the sovereign wealth fund (SWF) market is expected to be the fastest growing segment in the wealth management market segmented by type of client, at a CAGR of 10.6% during 2020-2025.
North America was the largest region in the wealth management market, accounting for 53.7% of the total in 2020. It was followed by Western Europe, and then the other regions. Going forward, the fastest-growing regions in the wealth management market will be Asia Pacific, and, Western Europe where growth will be at CAGRs of 9.62% and 9.61% respectively. These will be followed by Africa, and North America, where the markets are expected to grow at CAGRs of 8.9% and 8.6% respectively.
Global economic activity is suffering major setback due to the coronavirus outbreak and the measures being taken to control it. This will have broader implications on the wealth management industry, with countries implementing aggressive financial policies to recover and stabilize the economic situation. Wealth management firms are mainly focusing on cash preservation and protecting costs structures for portfolio firms during the coronavirus months. Investors are planning and working towards protecting their assets during these turbulent times. Amid the pandemic, the overall wealth investment fell with rising risk averse behavior of the clients and reduction in the amount of wealth in the hand of the people.
The wealth management market is fragmented, with a large number of players. The top ten competitors in the market made up to 24.74% of the total market in 2020. The market is highly competitive due to regulatory, intense price competition and other infrastructure challenges. This fragmentation is mainly due to the presence of a large financial institutions, brokerage firms, investment banking companies, and local merchant banks and other banks who provide the similar products and services local customers and industries. Morgan Stanley was the largest competitor with 4.00% of the market, followed by Bank of America Corporation with 3.91%, UBS Group AG with 3.58%, Wells Fargo & Company with 3.05%, JPMorgan Chase & Co. with 2.99%, Citigroup Inc. with 2.52%, HSBC Holdings plc with 1.64%, The Goldman Sachs Group, Inc. with 1.26%, Credit Suisse Group AG with 1.04% and Industrial and BNP Paribas with 0.74%.
The top opportunities in the wealth management market segmented by type of asset class will arise in the fixed income segment, which will gain $168.1 billion of global annual sales by 2025. The top opportunities in the wealth management market segmented by advisory mode will arise in the human advisory segment, which will gain $239.5 billion of global annual sales by 2025. The top opportunities in the wealth management market segmented by type of wealth manager will arise in the private banks segment, which will gain $78.7 billion of global annual sales by 2025. The top opportunities in the wealth management market segmented by enterprise size will arise in the large enterprises segment, which will gain $148.8 billion of global annual sales by 2025. The top opportunities in the wealth management market segmented by type of client will arise in the High-Net-Worth Individual (HNWI) segment, which will gain $121.9 billion of global annual sales by 2025. The wealth management market size will gain the most in the USA at $108.2 billion.
Market-trend-based strategies for the wealth management market include investing in deploying more AI applications for faster customer response, investing in cybersecurity technologies to enhance their security capabilities, offering hybrid services to increase service offerings, consider using robo advice to reduce the cost of fund management, consider investing in big data solutions to improve client acquisition and retention rates, adapt to the changing demographics to drive revenues, focus on offering ethical investing services, focus on providing personalized services and focus on partnerships, collaborations and acquisitions.
Player-adopted strategies in the wealth management market include business expansion through mergers and acquisitions, client interaction to improve the client serving, investing in technology with a focus on superior client experience, product capabilities, efficiency and effectiveness, new digital infrastructure strategies and collaborations across business lines and improving operational excellence and business expansion through new innovations.
To take advantage of these opportunities, the publisher recommends the wealth management companies to focus on hybrid wealth management services, focus on offering personalized services, focus on investing in cybersecurity technologies, focus on developed markets, increase adoption of internet and social media, increase visibility through websites, focus on fast-growing end-use industries.
Note: Product cover images may vary from those shown
A selection of companies mentioned in this report includes:
- Morgan Stanley
- Bank of America Corporation
- UBS Group AG
- Wells Fargo & Company
- JPMorgan Chase & Co.
- Citigroup Inc.
- HSBC Holdings plc
- The Goldman Sachs Group, Inc.
- Credit Suisse Group Agl
- Credit Suisse Group AG
Note: Product cover images may vary from those shown
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