Wealth Management Market Size, Latest Trends, Growth Rate, Key Drivers And Forecast To 2033

The new report published by The Business Research Company, titled Wealth Management Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, 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 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%.

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Wealth Management Firms Bolster Cybersecurity Amid Growing Threats
Many wealth management firms are increasing spending on their cybersecurity solutions to prevent cyber-attacks. Cybersecurity refers to the set of techniques used to protect the integrity of the network and data from unauthorized access. It enables the strengthening of security levels of the firms and prevents the loss of highly sensitive client information. They are gaining prominence as they aid financial services companies, including wealth management firms, in identifying theft and fraud in investment transactions. For instance, according to a recent survey, 86% of financial services companies are planning to spend more time and resources on cybersecurity in the coming year.

First Fidelity Bank Reinforces Market Dominance With Unifimoney'S Cutting-Edge Digital Wealth Management Services
Major companies operating in the wealth management market are adopting new platforms, such as digital wealth management services, to maintain a dominant position in the market. Digital wealth management services, often referred to as robo-advisors or digital investment platforms, leverage technology and automation to provide investment and financial advisory services. For instance, in December 2022, First Fidelity Bank, a US-based company for retail banking and financial services, launched digital wealth management services with Unifimoney. Unifimoney's platform stands as a complete and seamless digital wealth management solution, seamlessly integrating cutting-edge Robo-advisory capabilities with commission-free trading options for an extensive array of stocks and ETFs. This turnkey solution is designed to provide a holistic suite of self-directed investment services, effortlessly accessible through the existing digital infrastructure of partnering banks and credit unions. Customers can engage with the Unifimoney platform through familiar digital channels, including user-friendly web interfaces and mobile apps, making wealth management more accessible and convenient within the established banking or credit union framework.

The wealth management market covered in this report is segmented -

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

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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

Contents of the report:
1. Executive Summary
2. Wealth Management Market Report Structure
3. Wealth Management Market Trends And Strategies
4. Wealth Management Market - Macro Economic Scenario
5. Wealth Management Market Size And Growth
…..
27. Wealth Management Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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