Wealth Management Market to Hit $3.43 Trillion Globally by 2030, Growing at 10.7% CAGR: Allied Market Research

Allied Market Research published a report, titled, "𝐖𝐞𝐚𝐥𝐭𝐡 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭(https://www.alliedmarketresearch.com/wealth-management-market-A13068) By Business Model (Human Advisory, Robo Advisory, and Hybrid Advisory), Provider (FinTech Advisors, Banks, Traditional Wealth Managers, and Others), and End-user Type (Retail and High Net Worth Individuals (HNIs): Global Opportunity Analysis and Industry Forecast, 2021-2030." According to the report, the global wealth management industry generated $1.25 trillion in 2020, and is anticipated to generate $3.43 trillion by 2030, witnessing a CAGR of 10.7% from 2021 to 2030.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 & 𝐓𝐎𝐂: https://www.alliedmarketresearch.com/request-sample/13433

𝐏𝐫𝐢𝐦𝐞 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐨𝐟 𝐆𝐫𝐨𝐰𝐭𝐡

The global wealth management market is driven by rapid demand for alternative investments including private equity, commodities, hedge funds, real estate investment trusts (REITs), and intellectual property. However, factors such as strict rules of the government for wealth management companies, lack of pricing transparency, and high fees restrict the market growth. On the other hand, technological advancements and untapped potential of emerging economies are providing lucrative opportunities for the market growth.

𝐓𝐡𝐞 𝐇𝐮𝐦𝐚𝐧 𝐀𝐝𝐯𝐢𝐬𝐨𝐫𝐲 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐌𝐨𝐝𝐞𝐥 𝐭𝐨 𝐌𝐚𝐢𝐧𝐭𝐚𝐢𝐧 𝐭𝐡𝐞 𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐏𝐨𝐬𝐢𝐭𝐢𝐨𝐧 𝐓𝐡𝐫𝐨𝐮𝐠𝐡𝐨𝐮𝐭 𝐭𝐡𝐞 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐏𝐞𝐫𝐢𝐨𝐝

Based on business model, the human advisory segment dominated the market with the highest market share in 2020, garnering more than three-fourths of the global wealth management market, and is expected to lead throughout the forecast period. These advisors serve a changing client base in a variety of demographics and offer fluidity in the approach while managing wealth, which in turn, drives the growth of the segment. However, the robo advisory segment is expected to portray the fastest CAGR of 26.4% from 2021 to 2030, attributed to easy account setup, comprehensive education, portfolio management, robust goal planning, account services, security features, attentive customer service, and low fees.

𝐓𝐡𝐞 𝐓𝐫𝐚𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐖𝐞𝐚𝐥𝐭𝐡 𝐌𝐚𝐧𝐚𝐠𝐞𝐫𝐬 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐌𝐚𝐢𝐧𝐭𝐚𝐢𝐧 𝐭𝐡𝐞 𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐏𝐨𝐬𝐢𝐭𝐢𝐨𝐧 𝐝𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐏𝐞𝐫𝐢𝐨𝐝

Based on provider, the traditional wealth manager segment generated the largest share in 2020, contributing to nearly two-thirds of the global wealth management market, and is projected to maintain its dominance throughout the forecast period. This is because a traditional wealth manager offers convenience and reduces stress towards managing finances of the clients. On the other hand, the fintech advisors segment is anticipated to manifest the highest CAGR of 16.8% from 2021 to 2030. The growth of the segment is due to the efforts of fintech advisors to create a solid business plan and market strategy, advice on regulatory compliance that meets state and federal standards, and help in building credible relationships with banks, customers, and investors.

𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/13433

𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐭𝐨 𝐌𝐚𝐢𝐧𝐭𝐚𝐢𝐧 𝐢𝐭𝐬 𝐃𝐨𝐦𝐢𝐧𝐚𝐧𝐜𝐞 𝐛𝐲 𝟐𝟎𝟑𝟎

Based on region, North America held the largest market share in terms of revenue in 2020, accounting for more than half of the global wealth management market, and is anticipated to maintain its lead by 2030. This is attributed to the presence of a massive number of high net-worth individuals and increase in number of competitions among banks such as UBS, Morgan Stanley, and Bank of America Corporation to offer the maximum benefits to their clients. However, the Asia-Pacific region is projected to manifest the fastest CAGR of 12.7% during the forecast period, due to the several high net worth & ultra-high net worth individuals continuing to demand wealth management product lines in the region.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

Bank of America Corporation,
Citigroup Inc.,
CREDIT SUISSE GROUP AG,
BNP Paribas,
Goldman Sachs,
JPMorgan Chase & Co.,
UBS
Charles Schwab & Co., Inc.,
Julius Baer Group,
Morgan Stanley,

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧: https://www.alliedmarketresearch.com/request-for-customization/13433

𝐊𝐞𝐲 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐟𝐨𝐫 𝐒𝐭𝐚𝐤𝐞𝐡𝐨𝐥𝐝𝐞𝐫𝐬

The study provides in-depth analysis of the global wealth management market share along with current trends and future estimations to illustrate the imminent investment pockets.
Information about key drivers, restrains, and opportunities and their impact analysis on the global wealth management market size are provided in the report.
Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the wealth management market.
An extensive analysis of the key segments of the industry helps to understand the wealth management market trends.
The quantitative analysis of the global wealth management market forecast from 2021 to 2030 is provided to determine the market potential. 

𝐖𝐞𝐚𝐥𝐭𝐡 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐊𝐞𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬: 

𝐁𝐲 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐌𝐨𝐝𝐞𝐥

Human Advisory
Robo Advisory
Direct Plan-Based/Goal-Based
Comprehensive Wealth Advisory
Hybrid Advisory

𝐁𝐲 𝐏𝐫𝐨𝐯𝐢𝐝𝐞𝐫

FinTech Advisors
Banks
Traditional Wealth Managers
Others  

𝐁𝐲 𝐄𝐧𝐝-𝐮𝐬𝐞𝐫 𝐓𝐲𝐩𝐞

Retail
High Net Worth Individuals (HNIs)

𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧

North America
U.S.
Canada
Europe
UK
Germany
France
Switzerland
Italy
Spain
Rest of Europe 
Asia-Pacific 
China
India
Japan
Australia
Singapore
Rest of Asia-Pacific   
LAMEA
Latin America 
Middle East
Africa

𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐢𝐧 𝐁𝐅𝐒𝐈 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 (𝐁𝐨𝐨𝐤 𝐍𝐨𝐰 𝐰𝐢𝐭𝐡 𝟏𝟎% 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 + 𝐂𝐨𝐯𝐢𝐝-𝟏𝟗 𝐬𝐜𝐞𝐧𝐚𝐫𝐢𝐨):

Refinance Market https://www.alliedmarketresearch.com/refinance-market-A221074
Equity Indexed Life Insurance Market https://www.alliedmarketresearch.com/equity-indexed-life-insurance-market-A223007
Smart Contracts Market https://www.alliedmarketresearch.com/smart-contracts-market-A144098
Flood Insurance Market https://www.alliedmarketresearch.com/flood-insurance-market-A113192
Mobile Money Market https://www.alliedmarketresearch.com/mobile-money-market-A123587

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐑𝐞𝐩𝐨𝐫𝐭:

Asia-Pacific Wealth Management Market: https://www.alliedmarketresearch.com/asia-pacific-wealth-management-market-A15891

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