Global Wealth Management Market Latest Demand By 2020-2027 with Top Companies,Trends,Types And Application

Wealth management is defined as sales of wealth management services by entities which plan, advice on and manage various kinds of assets belonging to ultra-high net worth, and high net worth individuals, corporations and government and private institutions. This is an investment advisory service that addresses the client’s needs. It can provide their clients with a comprehensive service to sustain and grow their wealth.

Increase in demand for alternative investment is the key driving factor which is expected to boost the global wealth management market growth. Alternative investments are financial assets which do not fail into category of conventional financial assets like bonds, stocks, and cash. Examples of alternative investments include private equity, hedge property, mineral rights, commodities, art and antiquities, and real estate investment trusts. Furthermore, increase in interest of investors in alternative investments due to its benefits such as reduction in portfolio risk, diversification, and availability in private market less regulation, low correlation with other assets, and relatively high return which is expected to propel the global wealth management market growth. Moreover, high competition in wealth management is another driving factor which is expected to fuel the market growth. Private Banks, warehouse, independent advisors, and broker and dealers are putting best efforts in customer acquisition strategies as all of them compete to capture clients in the High Net Worth, and Ultra High Net Worth segments.

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However, trust is the major challenging factor as the recent economic crises significantly reduce the client trust in wealth management. Recently, many organizations are opting for new operational models to complete effectively in the changing scenario and recover their losses instead of using traditional methods of wealth management which is expected to hinder the global wealth management market growth.

Market Segmentation

Global Wealth Management Market is segmented into client type such as Private Health Management, and Institutional Wealth Management, by asset class such as Equity, Fixed Income, and Alternative Asset, and Others, by advisory mode such as Human Advisory, Robo Advisory, and Hybrid Advisory. Further, market is segmented into enterprise size such as Large Enterprise, and Small and Medium Enterprises.

Also, Global Wealth Management Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Market Key Players

Various key players are discussed in this report such as Wells Fargo & Company, JPMorgan Chase & Co., Bank of America Corporation, Morgan Stanley, UBS Group AG, HSBC Holdings plc, Credit Suisse Group AG, and The Goldman Sachs Group, Inc

Market Taxonomy

By Client Type

• Private Health Management
• Institutional Wealth Management

By Asset Class

• Equity
• Fixed Income
• Alternative Asset
• Others

By Advisory Mode

• Human Advisory
• Robo Advisory
• Hybrid Advisory

By Enterprise Size

• Large Enterprise
• Small and Medium Enterprises

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

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Vishal Thakur
Research Support Specialist
QualiKet Research
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