Wealth Management Market Report 2026

The wealth management market size has grown strongly in recent years. It will grow from $2.1 trillion in 2025 to $2.23 trillion in 2026 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to increasing high-net-worth individual population, expansion of global capital markets participation, growing demand for professional financial advisory, increased complexity of investment products, rising focus on wealth preservation.

The wealth management market size is expected to see strong growth in the next few years. It will grow to $2.91 trillion in 2030 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to strengthening demand for customized digital wealth solutions, increasing integration of ai-driven advisory tools, rising interest in sustainable and esg investments, expansion of cross-border wealth management services, growing adoption of advanced analytics in advisory. Major trends in the forecast period include expansion of personalized portfolio management services, growing adoption of hybrid advisory models, rising focus on holistic financial planning, increasing demand for alternative asset allocation, enhanced client-centric wealth strategies.

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.

Leading companies in the wealth management market are focusing on developing innovative solutions, such as AI-powered GenAI advisory tools, to address the growing demand for scalable advisor efficiency, faster client onboarding, and more personalized, data-driven client engagement. AI-powered GenAI advisory tools are software platforms that combine large language models, secure client data connectors, and CRM integrations to automatically summarize meetings, draft client communications, highlight action items, and enhance advisor workflows. For example, in June 2024, Morgan Stanley & Co. LLC, a US-based financial services firm, launched AI Morgan Stanley Debrief, an OpenAI-powered GenAI tool that, with client consent, generates meeting notes, summarizes key points, creates editable follow-up emails, and integrates notes into the firm’s Salesforce system. The product leverages a secure AI engine (proprietary firm controls plus OpenAI model access), real-time audio/text ingestion and summarization, automated email drafting and CRM synchronization, and advisor-facing review/edit controls with firm oversight for compliance, making it especially useful for financial advisors aiming to scale client coverage without compromising personalized service. This trend is evident across the industry, as other wealth managers and platform providers are similarly deploying analytics and automation to enhance advisor productivity and client personalization.

In June 2023, Backbase BV, a Netherlands-based engagement banking software company, acquired Nucoro Limited for an undisclosed amount. Through this acquisition, Backbase can integrate Nucoro’s headless platform capabilities into its own, enabling customers to offer digital investment services, including robo-advisory and trading solutions. Nucoro Limited is a UK-based digital wealth platform company and provider of wealth management services.

Major companies operating in the wealth management market 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., BNP Paribas, Kotak Wealth Management, IIFL Wealth Management, Axis Bank Wealth Management, Edelweiss Wealth Management, Avendus, AUM Capital, KW Wealth Advisors, Canaccord Genuity Wealth Management, Brewin Dolphin, Kingswood Group, St James’s Place Wealth Management, Quilter, Northern Trust, BNY Mellon Wealth Management, RBC Wealth Management, Fidelity, Charles Schwab, Vanguard, Sanlam Private Wealth, Nedbank Wealth, Investec Wealth Management.

North America was the largest region in the wealth management market in 2025. Western Europe was the second largest region in the wealth management market. The regions covered in the wealth management market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the wealth management market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, 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 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.

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