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Wealth Management Global Market Report 2024

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    Report

  • 300 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5939142
The wealth management market size has grown strongly in recent years. It will grow from $1900.34 billion in 2023 to $2033.05 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The expansion observed in the historical period can be attributed to factors such as robust growth in emerging markets, an increase in the number of high-net-worth individuals, digitization, and enhanced internet penetration.

The wealth management market size is expected to see strong growth in the next few years. It will grow to $2678.8 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The anticipated growth in the forecast period can be attributed to factors such as the increasing retiree population, the growing wealth of high-net-worth individuals, rising demand for alternative investments, growth in individual investors' investments, and an increase in internet penetration. Major trends in the forecast period include investments in deploying more AI applications for faster customer response, investments in cybersecurity technologies to enhance security capabilities, offering hybrid services to expand service offerings, considering the use of robo-advice to reduce the cost of fund management, investing in big data solutions to improve client acquisition and retention rates, adapting to changing demographics to drive revenues, focusing on offering ethical investing services, providing personalized services, and emphasizing partnerships, collaborations, and acquisitions.

Wealth management firms are increasing their investments in cybersecurity solutions to safeguard against cyber-attacks. Cybersecurity involves employing techniques to protect networks and data integrity, thwarting unauthorized access. This proactive approach enhances security levels within firms, preventing the compromise of highly sensitive client information. The prominence of cybersecurity is growing as it assists financial services companies, including wealth management firms, in detecting theft and fraud during investment transactions. Notably, an recent survey revealed that 86% of financial services companies plan to allocate more time and resources to cybersecurity in the upcoming year.

The anticipated rise in economic growth is poised to drive the expansion of the wealth management market. Economic growth denotes the increase in production and consumption of goods and services within an economy over time. This growth creates a conducive environment for wealth management by offering investment opportunities, elevating asset values, and fostering financial well-being. As an example, data from September 2023 by the Bureau of Economic Analysis, a US government agency, indicates that real gross domestic product (GDP) grew at an annual pace of 2.1% in the second quarter of 2023. Consequently, the surge in economic growth plays a pivotal role in propelling the wealth management market forward.

Major companies in the wealth management market are embracing new platforms, such as digital wealth management services, to maintain a leading position. Digital wealth management services, commonly known as robo-advisors or digital investment platforms, leverage technology and automation to deliver investment and financial advisory services. A case in point is the December 2022 launch of digital wealth management services by First Fidelity Bank in collaboration with Unifimoney, a US-based retail banking and financial services company. Unifimoney's platform offers a comprehensive digital wealth management solution, seamlessly integrating cutting-edge robo-advisory capabilities with commission-free trading options for a diverse range of stocks and ETFs. This turnkey solution aims to provide a holistic suite of self-directed investment services, easily accessible through existing digital infrastructure provided by partnering banks and credit unions. Customers can engage with the Unifimoney platform through familiar digital channels, including user-friendly web interfaces and mobile apps, enhancing accessibility and convenience within the established banking or credit union framework.

Major companies operating in the wealth management market report are 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 AG, BNP Paribas, Kotak Wealth Management, IIFL Wealth Management, Axis Bank Wealth Management, Edelweiss Wealth Management, Angel Broking, Avendus, AUM Capital, KW Wealth Advisors, Noah Holdings, AVIC Trust, CreditEase, Fosun International Limited, China Huarong Asset Management Company Limited, China International Capital Corporation, Goldman Sachs, Macquarie Asset Management, Hamilton Wealth Management, Professional Wealth, Minchin Moore, GFM Wealth Advisory, VISIS Private Wealth, Samsung Asset Management, Asset One, Bank Central Asia, Dolfin, Brewin Dolphin, Canaccord Genuity Wealth Management, Kingswood Group, HSBC, Barclays Wealth Management, Lloyds Banking Group, Santander, AFH Wealth Management, Devonshire Wealth Management, Alexander House Financial Services, St James's Place Wealth Management, Quilter), Indosuez Wealth Management, Societe Generale, UniCredit, Intesa Sanpaolo, Deutsche Bank, Sparkassen, Commerzbank, ING-DiBa, Arcano Partners, BS Wealth Management, Sberbank, ATON, UBS, Wells Fargo, Vanguard, Charles Schwab, Fidelity, BNY Mellon Wealth Management, Northern Trust, Raymond James Financial, RBC Wealth Management, Bessemer Trust, Longview Wealth Management, Nicola Wealth, Steadyhand Investment management, Triasima Portfolio Management, WealthBar, Northwestern Mutual, Basham Ringe y correa s.c, Galicia abogadosare, Edward Jones, BTG Pactual, Monet Investimentos, Quilvest Wealth Management, Aiva, Credicorp, KPMG, Banco Safra, NBK Wealth Management, NOMW Capital, Middle East Financial Investment Company, Jadwa Investment, Arbah Capital, BMO Global Asset Management, AtaInvest, Akbank, Protiviti, Al Rajhi Capital, CI Capital, Griffon Capital, Pioneer Wealth Management, Investec Wealth Management, Rockfin Wealth Management, PSG Wealth, Citadel, Sanlam Private Wealth, Nedbank Wealth, Stone Wealth Management Noble Wealth Management (Pty) Ltd., NFB Private Wealth Management, NEXUS Investment Solution PLC, Brenthurst Wealth management, New Dawn Wealth Management, Alger.

North America was the largest region in the wealth management market in 2023. Western Europe was the second largest region in the wealth management market. The regions covered in the wealth management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the wealth management market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The wealth management market consists of revenues earned by entities by providing services such as in planning, advising on and managing various kinds of assets. This market covers financial and investment advice, retirement planning and legal or estate planning but excludes accounting and tax services. The market size is the revenues generated from the fees and commissions levied on the assets being managed. It does not include the value of investments held or the amount of money invested in a given year, net or gross. This market includes the custodian charges of the firms as well as any other fees, margins or service charges but excludes brokerage fees levied on securities transactions unless they are included within the service fees or commissions. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. . The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The primary types of wealth management encompass funds, trusts, and other financial vehicles; asset management; portfolio management; and investment advice. Funds, including mutual funds, serve as investment tools within the wealth management framework. Various advisory modes are employed, including human advisory, robo-advisory, and hybrid modes, catering to the requirements of large enterprises, medium-sized enterprises, and small enterprises.

The wealth management research report is one of a series of new reports that provides wealth management statistics, including wealth management industry global market size, regional shares, competitors with wealth management shares, detailed wealth management segments, market trends and opportunities, and any further data you may need to thrive in the wealth management industry. This wealth management research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Table of Contents

1. Executive Summary2. Wealth Management Market Characteristics
3. Wealth Management Product/Service Analysis -Product/Service Examples
3.1. Wealth Management Supply Chain Analysis
3.1.1. Wealth Management Resources
3.1.2. Wealth Management Manufacturers
3.1.3. Wealth Management Distributors and Retailers
3.1.4. Wealth Management End Users
3.2. Wealth Management Customer Information
4. Wealth Management Market Trends and Strategies
5. Wealth Management Market - Macro Economic Scenario
5.1. Impact of High Inflation on the Market
5.2. Ukraine-Russia War Impact on the Market
5.3. COVID-19 Impact on the Market
6. Global Wealth Management Market Size and Growth
6.1. Global Wealth Management Market Drivers and Restraints
6.1.1. Drivers of the Market
6.1.2. Restraints of the Market
6.2. Global Wealth Management Historic Market Size and Growth, 2018-2023, Value ($ Billion)
6.3. Global Wealth Management Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
7. Wealth Management Market Segmentation
7.1. Global Wealth Management Market, Segmentation by Type of Asset Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Equity
  • Fixed Income
  • Alternative Assets
  • Other Asset Class
7.2. Global Wealth Management Market, Segmentation by Advisory Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Human Advisory
  • Robo Advisory
  • Hybrid
7.3. Global Wealth Management Market, Segmentation by Type of Wealth Manager, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Private Banks
  • Investment Managers
  • Full-Service Wealth Managers
  • Stockbrokers
  • Other Type of Wealth Manager
7.4. Global Wealth Management Market, Segmentation by Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Large Enterprises
  • Medium and Small Enterprises
8. Wealth Management Market Regional and Country Analysis
8.1. Global Wealth Management Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.2. Global Wealth Management Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. Asia-Pacific Wealth Management Market
9.1. Asia-Pacific Wealth Management Market Overview
Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
9.2. Asia-Pacific Wealth Management Market, Segmentation by Type of Asset Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9.3. Asia-Pacific Wealth Management Market, Segmentation by Type of Wealth Manager, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9.4. Asia-Pacific Wealth Management Market, Segmentation by Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10. China Wealth Management Market
10.1. China Wealth Management Market Overview
10.2. China Wealth Management Market, Segmentation by Type of Asset Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10.3. China Wealth Management Market, Segmentation by Type of Wealth Manager, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10.4. China Wealth Management Market, Segmentation by Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
11. India Wealth Management Market
11.1. India Wealth Management Market, Segmentation by Type of Asset Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. India Wealth Management Market, Segmentation by Type of Wealth Manager, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. India Wealth Management Market, Segmentation by Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Japan Wealth Management Market
12.1. Japan Wealth Management Market Overview
12.2. Japan Wealth Management Market, Segmentation by Type of Asset Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Japan Wealth Management Market, Segmentation by Type of Wealth Manager, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.4. Japan Wealth Management Market, Segmentation by Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Australia Wealth Management Market
13.1. Australia Wealth Management Market, Segmentation by Type of Asset Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Australia Wealth Management Market, Segmentation by Type of Wealth Manager, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Australia Wealth Management Market, Segmentation by Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. Indonesia Wealth Management Market
14.1. Indonesia Wealth Management Market, Segmentation by Type of Asset Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. Indonesia Wealth Management Market, Segmentation by Type of Wealth Manager, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. Indonesia Wealth Management Market, Segmentation by Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. South Korea Wealth Management Market
15.1. South Korea Wealth Management Market Overview
15.2. South Korea Wealth Management Market, Segmentation by Type of Asset Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. South Korea Wealth Management Market, Segmentation by Type of Wealth Manager, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. South Korea Wealth Management Market, Segmentation by Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. Bangladesh Wealth Management Market
16.1. Bangladesh, Wealth Management Historic Market, 2018-2023, $ Billion
16.2. Bangladesh, Wealth Management Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
17. Thailand Wealth Management Market
17.1. Thailand, Wealth Management Historic Market, 2018-2023, $ Billion
17.2. Thailand, Wealth Management Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
18. Vietnam Wealth Management Market
18.1. Vietnam, Wealth Management Historic Market, 2018-2023, $ Billion
18.2. Vietnam, Wealth Management Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
19. Malaysia Wealth Management Market
19.1. Malaysia, Wealth Management Historic Market, 2018-2023, $ Billion
19.2. Malaysia, Wealth Management Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
20. Singapore Wealth Management Market
20.1. Singapore, Wealth Management Historic Market, 2018-2023, $ Billion
20.2. Singapore, Wealth Management Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
21. Philippines Wealth Management Market
21.1. Philippines, Wealth Management Historic Market, 2018-2023, $ Billion
21.2. Philippines, Wealth Management Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
22. Hong kong Wealth Management Market
22.1. Hong Kong, Wealth Management Historic Market, 2018-2023, $ Billion
22.2. Hong Kong, Wealth Management Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
23. New Zealand Wealth Management Market
23.1. New Zealand, Wealth Management Historic Market, 2018-2023, $ Billion
23.2. New Zealand, Wealth Management Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
24. Western Europe Wealth Management Market
24.1. Western Europe Wealth Management Market Overview
24.2. Western Europe Wealth Management Market, Segmentation by Type of Asset Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. Western Europe Wealth Management Market, Segmentation by Type of Wealth Manager, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. Western Europe Wealth Management Market, Segmentation by Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. UK Wealth Management Market
25.1. UK Wealth Management Market, Segmentation by Type of Asset Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.2. UK Wealth Management Market, Segmentation by Type of Wealth Manager, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. UK Wealth Management Market, Segmentation by Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. Germany Wealth Management Market
26.1. Germany Wealth Management Market, Segmentation by Type of Asset Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.2. Germany Wealth Management Market, Segmentation by Type of Wealth Manager, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. Germany Wealth Management Market, Segmentation by Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. France Wealth Management Market
27.1. France Wealth Management Market, Segmentation by Type of Asset Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. France Wealth Management Market, Segmentation by Type of Wealth Manager, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. France Wealth Management Market, Segmentation by Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Italy Wealth Management Market
28.1. Italy Wealth Management Market, Segmentation by Type of Asset Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.2. Italy Wealth Management Market, Segmentation by Type of Wealth Manager, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Italy Wealth Management Market, Segmentation by Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Spain Wealth Management Market
29.1. Spain Wealth Management Market, Segmentation by Type of Asset Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.2. Spain Wealth Management Market, Segmentation by Type of Wealth Manager, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Spain Wealth Management Market, Segmentation by Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Austria Wealth Management Market
30.1. Austria, Wealth Management Historic Market, 2018-2023, $ Billion
30.2. Austria, Wealth Management Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
31. Belgium Wealth Management Market
31.1. Belgium, Wealth Management Historic Market, 2018-2023, $ Billion
31.2. Belgium, Wealth Management Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
32. Denmark Wealth Management Market
32.1. Denmark, Wealth Management Historic Market, 2018-2023, $ Billion
32.2. Denmark, Wealth Management Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
33. Finland Wealth Management Market
33.1. Finland, Wealth Management Historic Market, 2018-2023, $ Billion
33.2. Finland, Wealth Management Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
34. Ireland Wealth Management Market
34.1. Ireland, Wealth Management Historic Market, 2018-2023, $ Billion
34.2. Ireland, Wealth Management Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
35. Netherlands Wealth Management Market
35.1. Netherlands, Wealth Management Historic Market, 2018-2023, $ Billion
35.2. Netherlands, Wealth Management Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
36. Norway Wealth Management Market
36.1. Norway, Wealth Management Historic Market, 2018-2023, $ Billion
36.2. Norway, Wealth Management Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
37. Portugal Wealth Management Market
37.1. Portugal, Wealth Management Historic Market, 2018-2023, $ Billion
37.2. Portugal, Wealth Management Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
38. Sweden Wealth Management Market
38.1. Sweden, Wealth Management Historic Market, 2018-2023, $ Billion
38.2. Sweden, Wealth Management Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
39. Switzerland Wealth Management Market
39.1. Switzerland, Wealth Management Historic Market, 2018-2023, $ Billion
39.2. Switzerland, Wealth Management Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
40. Eastern Europe Wealth Management Market
40.1. Eastern Europe Wealth Management Market Overview
40.2. Eastern Europe Wealth Management Market, Segmentation by Type of Asset Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
40.3. Eastern Europe Wealth Management Market, Segmentation by Type of Wealth Manager, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
40.4. Eastern Europe Wealth Management Market, Segmentation by Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
41. Russia Wealth Management Market
41.1. Russia Wealth Management Market, Segmentation by Type of Asset Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
41.2. Russia Wealth Management Market, Segmentation by Type of Wealth Manager, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
41.3. Russia Wealth Management Market, Segmentation by Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
42. Czech Republic Wealth Management Market
42.1. Czech Republic, Wealth Management Historic Market, 2018-2023, $ Billion
42.2. Czech Republic, Wealth Management Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
43. Poland Wealth Management Market
43.1. Poland, Wealth Management Historic Market, 2018-2023, $ Billion
43.2. Poland, Wealth Management Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
44. Romania Wealth Management Market
44.1. Romania, Wealth Management Historic Market, 2018-2023, $ Billion
44.2. Romania, Wealth Management Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
45. Ukraine Wealth Management Market
45.1. Ukraine, Wealth Management Historic Market, 2018-2023, $ Billion
45.2. Ukraine, Wealth Management Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
46. North America Wealth Management Market
46.1. North America Wealth Management Market Overview
46.2. North America Wealth Management Market, Segmentation by Type of Asset Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
46.3. North America Wealth Management Market, Segmentation by Type of Wealth Manager, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
46.4. North America Wealth Management Market, Segmentation by Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
47. USA Wealth Management Market
47.1. USA Wealth Management Market Overview
47.2. USA Wealth Management Market, Segmentation by Type of Asset Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
47.3. USA Wealth Management Market, Segmentation by Type of Wealth Manager, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
47.4. USA Wealth Management Market, Segmentation by Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
48. Canada Wealth Management Market
48.1. Canada Wealth Management Market Overview
48.2. Canada Wealth Management Market, Segmentation by Type of Asset Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
48.3. Canada Wealth Management Market, Segmentation by Type of Wealth Manager, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
48.4. Canada Wealth Management Market, Segmentation by Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
49. Mexico Wealth Management Market
49.1. Mexico, Wealth Management Historic Market, 2018-2023, $ Billion
49.2. Mexico, Wealth Management Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
50. South America Wealth Management Market
50.1. South America Wealth Management Market Overview
50.2. South America Wealth Management Market, Segmentation by Type of Asset Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
50.3. South America Wealth Management Market, Segmentation by Type of Wealth Manager, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
50.4. South America Wealth Management Market, Segmentation by Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
51. Brazil Wealth Management Market
51.1. Brazil Wealth Management Market, Segmentation by Type of Asset Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
51.2. Brazil Wealth Management Market, Segmentation by Type of Wealth Manager, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
51.3. Brazil Wealth Management Market, Segmentation by Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
52. Chile Wealth Management Market
52.1. Chile, Wealth Management Historic Market, 2018-2023, $ Billion
52.2. Chile, Wealth Management Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
53. Argentina Wealth Management Market
53.1. Argentina, Wealth Management Historic Market, 2018-2023, $ Billion
53.2. Argentina, Wealth Management Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
54. Colombia Wealth Management Market
54.1. Colombia, Wealth Management Historic Market, 2018-2023, $ Billion
54.2. Colombia, Wealth Management Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
55. Peru Wealth Management Market
55.1. Peru, Wealth Management Historic Market, 2018-2023, $ Billion
55.2. Peru, Wealth Management Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
56. Middle East Wealth Management Market
56.1. Middle East Wealth Management Market Overview
56.2. Middle East Wealth Management Market, Segmentation by Type of Asset Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
56.3. Middle East Wealth Management Market, Segmentation by Type of Wealth Manager, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
56.4. Middle East Wealth Management Market, Segmentation by Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
57. Saudi Arabia Wealth Management Market
57.1. Saudi Arabia, Wealth Management Historic Market, 2018-2023, $ Billion
57.2. Saudi Arabia, Wealth Management Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
58. Israel Wealth Management Market
58.1. Israel, Wealth Management Historic Market, 2018-2023, $ Billion
58.2. Israel, Wealth Management Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
59. Iran Wealth Management Market
59.1. Iran, Wealth Management Historic Market, 2018-2023, $ Billion
59.2. Iran, Wealth Management Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
60. Turkey Wealth Management Market
60.1. Turkey, Wealth Management Historic Market, 2018-2023, $ Billion
60.2. Turkey, Wealth Management Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
61. United Arab Emirates Wealth Management Market
61.1. United Arab Emirates, Wealth Management Historic Market, 2018-2023, $ Billion
61.2. United Arab Emirates, Wealth Management Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
62. Africa Wealth Management Market
62.1. Africa Wealth Management Market Overview
62.2. Africa Wealth Management Market, Segmentation by Type of Asset Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
62.3. Africa Wealth Management Market, Segmentation by Type of Wealth Manager, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
62.4. Africa Wealth Management Market, Segmentation by Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
63. Egypt Wealth Management Market
63.1. Egypt, Wealth Management Historic Market, 2018-2023, $ Billion
63.2. Egypt, Wealth Management Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
64. Nigeria Wealth Management Market
64.1. Nigeria, Wealth Management Historic Market, 2018-2023, $ Billion
64.2. Nigeria, Wealth Management Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
65. South Africa Wealth Management Market
65.1. South Africa, Wealth Management Historic Market, 2018-2023, $ Billion
65.2. South Africa, Wealth Management Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
66. Wealth Management Market Competitive Landscape and Company Profiles
66.1. Wealth Management Market Competitive Landscape
66.2. Wealth Management Market Company Profiles
66.2.1. Morgan Stanley
66.2.1.1. Overview
66.2.1.2. Products and Services
66.2.1.3. Strategy
66.2.1.4. Financial Performance
66.2.2. Bank of America Corporation
66.2.2.1. Overview
66.2.2.2. Products and Services
66.2.2.3. Strategy
66.2.2.4. Financial Performance
66.2.3. UBS Group AG
66.2.3.1. Overview
66.2.3.2. Products and Services
66.2.3.3. Strategy
66.2.3.4. Financial Performance
66.2.4. Wells Fargo & Company
66.2.4.1. Overview
66.2.4.2. Products and Services
66.2.4.3. Strategy
66.2.4.4. Financial Performance
66.2.5. JPMorgan Chase & Co.
66.2.5.1. Overview
66.2.5.2. Products and Services
66.2.5.3. Strategy
66.2.5.4. Financial Performance
67. Wealth Management Market Other Major and Innovative Companies
67.1. Citigroup Inc.
67.2. HSBC Holdings plc
67.3. The Goldman Sachs Group, Inc.
67.4. Credit Suisse Group AG
67.5. BNP Paribas
67.6. Kotak Wealth Management
67.7. IIFL Wealth Management
67.8. Axis Bank Wealth Management
67.9. Edelweiss Wealth Management
67.10. Angel Broking
67.11. Avendus
67.12. AUM Capital
67.13. KW Wealth Advisors
67.14. Noah Holdings
67.15. AVIC Trust
68. Global Wealth Management Market Competitive Benchmarking69. Global Wealth Management Market Competitive Dashboard70. Key Mergers and Acquisitions in the Wealth Management Market
71. Wealth Management Market Future Outlook and Potential Analysis
71.1 Wealth Management Market in 2028 - Countries Offering Most New Opportunities
71.2 Wealth Management Market in 2028 - Segments Offering Most New Opportunities
71.3 Wealth Management Market in 2028 - Growth Strategies
71.3.1 Market Trend-based Strategies
71.3.2 Competitor Strategies
72. Appendix
72.1. Abbreviations
72.2. Currencies
72.3. Historic and Forecast Inflation Rates
72.4. Research Inquiries
72.5. About the Analyst
72.6. Copyright and Disclaimer

Executive Summary

Wealth Management Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on wealth management market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
  • Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.
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? This 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.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Report Scope

Markets Covered:
1) By Type Of Asset Class: Equity, Fixed Income, Alternative Assets, Other Asset class
2) By Advisory Mode: Human Advisory, Robo Advisory, Hybrid Advisory
3) By Type Of Wealth Manager: Private Banks, Investment Managers, Full-Service Wealth Managers, Stockbrokers, Other Type of Wealth Manager
3) By Enterprise Size: Large Enterprises, Medium and Small Enterprises

Key Companies Mentioned: Morgan Stanley; Bank of America Corporation; UBS Group AG; Wells Fargo & Company; JPMorgan Chase & Co.

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

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

Data Segmentation: 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

Delivery Format: PDF, Word and Excel Data Dashboard

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • 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 AG
  • BNP Paribas
  • Kotak Wealth Management
  • IIFL Wealth Management
  • Axis Bank Wealth Management
  • Edelweiss Wealth Management
  • Angel Broking
  • Avendus
  • AUM Capital
  • KW Wealth Advisors
  • Noah Holdings
  • AVIC Trust
  • CreditEase
  • Fosun International Limited
  • China Huarong Asset Management Company Limited
  • China International Capital Corporation
  • Goldman Sachs
  • Macquarie Asset Management
  • Hamilton Wealth Management
  • Professional Wealth
  • Minchin Moore
  • GFM Wealth Advisory
  • VISIS Private Wealth
  • Samsung Asset Management
  • Asset One
  • Bank Central Asia
  • Dolfin
  • Brewin Dolphin
  • Canaccord Genuity Wealth Management
  • Kingswood Group
  • HSBC
  • Barclays Wealth Management
  • Lloyds Banking Group
  • Santander
  • AFH Wealth Management
  • Devonshire Wealth Management
  • Alexander House Financial Services
  • St James's Place Wealth Management
  • Quilter)
  • Indosuez Wealth Management
  • Societe Generale
  • UniCredit
  • Intesa Sanpaolo
  • Deutsche Bank
  • Sparkassen
  • Commerzbank
  • ING-DiBa
  • Arcano Partners
  • BS Wealth Management
  • Sberbank
  • ATON
  • UBS
  • Wells Fargo
  • Vanguard
  • Charles Schwab
  • Fidelity
  • BNY Mellon Wealth Management
  • Northern Trust
  • Raymond James Financial
  • RBC Wealth Management
  • Bessemer Trust
  • Longview Wealth Management
  • Nicola Wealth
  • Steadyhand Investment management
  • Triasima Portfolio Management
  • WealthBar
  • Northwestern Mutual
  • Basham Ringe y correa s.c
  • Galicia abogadosare
  • Edward Jones
  • BTG Pactual
  • Monet Investimentos
  • Quilvest Wealth Management
  • Aiva
  • Credicorp
  • KPMG
  • Banco Safra
  • NBK Wealth Management
  • NOMW Capital
  • Middle East Financial Investment Company
  • Jadwa Investment
  • Arbah Capital
  • BMO Global Asset Management
  • AtaInvest
  • Akbank
  • Protiviti
  • Al Rajhi Capital
  • CI Capital
  • Griffon Capital
  • Pioneer Wealth Management
  • Investec Wealth Management
  • Rockfin Wealth Management
  • PSG Wealth
  • Citadel
  • Sanlam Private Wealth
  • Nedbank Wealth
  • Stone Wealth Management Noble Wealth Management (Pty) Ltd
  • NFB Private Wealth Management
  • NEXUS Investment Solution PLC
  • Brenthurst Wealth management
  • New Dawn Wealth Management
  • Alger

Methodology

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Table Information