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Wealth Management Market worth $285.59 billion by 2030, growing at a CAGR of 11.34% - Exclusive Report by 360iResearch

02-28-2024 07:52 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: 360iResearch

Wealth Management Market | 360iResearch

Wealth Management Market | 360iResearch

The "Wealth Management Market by Advisory Model (Human Advisory, Hybrid, Robo Advisory), Business Function (Financial Advice Management, Performance Management, Portfolio, Accounting, & Trading Management), Deployment Model, Application, End-User Industry - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Wealth Management Market to grow from USD 134.60 billion in 2023 to USD 285.59 billion by 2030, at a CAGR of 11.34%.

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Wealth management is a comprehensive financial service that combines various financial disciplines and services to address the needs of affluent clients. A highly customized service, it includes investment management, financial planning, estate planning, and retirement planning. The purpose of wealth management is to sustain and grow long-term wealth and offer a strategic approach to managing clients' financial situations. The wealth management market is driven by the proliferation and rising diversity of financial assets across the world. The popularity of sustainable and responsible investing (SRI) has also seen considerable growth, influencing wealth managers to incorporate environmental, social, and governance (ESG) criteria in their investment strategies. However, instances of fraudulent wealth management practices deter potential clients from availing of the services of wealth management. Additionally, the lack of skilled, knowledgeable professionals and limited investment options provided to clients reduces the favourability of wealth management. However, major providers are constantly exploring ways to integrate advanced technologies such as AI, ML, and big data analytics solutions to expand the scope and efficiency of wealth management. Fintech technologies incorporate digital solutions that increase accessibility, offer enhanced analytics, and improve client engagement through personalized experiences, thereby offering new avenues of growth for wealth management providers.

The Americas region, particularly the US and Canada, is characterized by high financial literacy and robust banking and financial infrastructure. Additionally, the US consists of a large number of high-net-worth individuals (HNWIs) and has a strong presence of major global financial institutions and a robust regulatory framework. Technological advancements such as robo-advisors and personalized wealth management services are gaining traction in this region. Europe's wealth management industry is marked by diversity in its client base and a strong inclination towards conservative investment strategies. Additionally, wealth managers in Europe are focusing on intergenerational wealth transfer planning and services. The industry is also significantly influenced by the European Union's regulations aimed at increasing transparency and investor protection. The Asia-Pacific region is one of the fastest-growing wealth management markets due to the presence of a substantial and growing affluent middle class, especially in countries such as China and India. Furthermore, the region is associated with a rapidly expanding financial infrastructure, with several national and regional banks providing wealth management services to middle-income clients.

Market Segmentation & Coverage:

This research report categorizes the Wealth Management Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Advisory Model, market is studied across Human Advisory, Hybrid, and Robo Advisory. The Human Advisory is projected to witness significant market share during forecast period.

Based on Business Function, market is studied across Financial Advice Management, Performance Management, Portfolio, Accounting, & Trading Management, Reporting, and Risk & Compliance Management. The Financial Advice Management is projected to witness significant market share during forecast period.

Based on Deployment Model, market is studied across Cloud and On-Premises. The Cloud is projected to witness significant market share during forecast period.

Based on Application, market is studied across Insurance Planning, Personal Finance Management, Retirement Planning, and Tax Management. The Personal Finance Management is projected to witness significant market share during forecast period.

Based on End-User Industry, market is studied across Banks, Brokerage Firms, Investment Management Firms, and Trading & Exchange Firms. The Trading & Exchange Firms is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 41.36% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Wealth Management Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Wealth Management Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Wealth Management Market, highlighting leading vendors and their innovative profiles. These include Allianz SE, Ameriprise Financial, Inc., Amundi, Angel One Limited, Beacon Pointe Advisors, LLC, BlackRock, Inc., BNP Paribas Wealth Management, Capital Group, CargoMetrics Technologies Inc., Chevy Chase Trust Company, Comprehensive Financial Management, LLC, Credit Suisse Group AG by UBS Group AG, Edward Jones, Fidelity, Finacrest Wealth Pvt Ltd, Fiserv, Inc., Goldman Sachs Group, Inc., Hightower Advisors, LLC, JPMorgan Chase & Co., Morgan Stanley, Northern Trust Corporation, Oxford Financial Group, Ltd., SEI Investments Company, The Bank of America Corporation, The Bank of New York Mellon Corporation, The Charles Schwab Corporation, The Vanguard Group, Inc., and Wells Fargo & Co..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Wealth Management Market, by Advisory Model
7. Wealth Management Market, by Business Function
8. Wealth Management Market, by Deployment Model
9. Wealth Management Market, by Application
10. Wealth Management Market, by End-User Industry
11. Americas Wealth Management Market
12. Asia-Pacific Wealth Management Market
13. Europe, Middle East & Africa Wealth Management Market
14. Competitive Landscape
15. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Wealth Management Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Wealth Management Market?
3. What is the competitive strategic window for opportunities in the Wealth Management Market?
4. What are the technology trends and regulatory frameworks in the Wealth Management Market?
5. What is the market share of the leading vendors in the Wealth Management Market?
6. What modes and strategic moves are considered suitable for entering the Wealth Management Market?

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Contact 360iResearch

Mr. Ketan Rohom
Sales & Marketing,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India - 411014.
sales@360iresearch.com
+1-530-264-8485
+91-922-607-7550

About 360iResearch

360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.

We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.

Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.

Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.

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