Market Overview:
The global wealth management services market is expected to grow from USD 9,819.5 million in 2018 to USD 16,746.9 million by 2030, at a CAGR of 6.0% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for portfolio management services and funds across the globe. In addition, the rising adoption of digital technologies for wealth management is also contributing to the growth of this market.
Product Definition:
Wealth management services encompass a wide range of activities, from investment and financial planning to tax advice and estate planning. Wealth managers typically work with high-net-worth individuals, providing them with comprehensive guidance on how to grow, protect and manage their money.
Wealth management services are important because they can help people make the most of their money. By working with a wealth manager, individuals can get tailored advice on everything from investing to saving for retirement. This can help them make sound financial decisions that will benefit them in the long run.
Portfolio Management:
Portfolio management is the process of managing multiple investment portfolios, which may include stocks, bonds or other financial instruments. The service provider arranges the purchase and sale of various financial instruments in order to achieve the desired portfolio composition. Portfolio management services are used by wealth advisors as well as investment managers for planning, implementing and monitoring investments related to personal finance such as retirement plans or college savings accounts.
Funds:
The funds and its usage in wealth management services market is expected to witness significant growth over the forecast period. The primary factor driving this market is the growing demand for financial planning among middle-class families, which have been traditionally under served by conventional banking systems. Moreover, increasing awareness regarding various investment vehicles such as mutual funds, private equity fund investments etc., has further driven this industry's growth.
Application Insights:
The other application segment includes real estate, aviation, entertainment, sports and leisure. The internet application segment is expected to witness the highest growth over the forecast period owing to increasing usage of online banking and financial applications among consumers globally. Increasing use of mobile devices for conducting transactions also plays a key role in driving internet wealth management services demand across various end-use industries such as e-commerce and others.
The industry has witnessed significant developments in recent years with respect to development of innovative products that cater to specific needs of high net worth individuals (HNWI). For instance; robo-advisory technology allows HNWI's personal financial advisors (PFA) or investment managers to spend more time on strategic advice while the advisory process is automated through computer algorithms for faster execution & reduced costs associated with human advisors.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The growth can be attributed to increasing disposable income, rising investments in real estate, and rapid expansion of retail chains. Rising adoption of smartphones and social media has also boosted demand for online financial advisory services in this region.
North America accounted for a significant share in 2016 owing to high concentration of high net worth individuals (HNWIs). These individuals are more tech-savvy and prefer using advanced technologies such as cloud computing, big data analytics, machine learning etc., which will fuel their investment portfolio management requirements thereby driving Wealth Management Services Market growth over the forecast period.
Europe is anticipated to witness steady growth due to growing HNWI population across countries such as Germany, U.K.
Growth Factors:
- Increasing awareness about the benefits of wealth management services among investors.
- Rising demand for customized wealth management solutions from high net worth individuals and institutional investors.
- Proliferation of digital technologies that are making it easier for investors to access and manage their portfolios online.
- Growing number of financial advisors who are offering holistic wealth management services to their clients.
- Expansion of global markets providing opportunities for investment in various asset classes
Scope Of The Report
Report Attributes
Report Details
Report Title
Wealth Management Services Market Research Report
By Type
Portfolio Management, Funds, Trusts, Investment Advice, Other Financial Vehicles
By Application
Financial, Internet, e-Commerce, Other
By Companies
Wells Fargo, BlackRock, Bank of America, Morgan Stanley, JP Morgan Asset Management, Industrial and Commercial Bank of China, Allianz Group, UBS, State Street Global Advisors
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
153
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Wealth Management Services Market Report Segments:
The global Wealth Management Services market is segmented on the basis of:
Types
Portfolio Management, Funds, Trusts, Investment Advice, Other Financial Vehicles
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Financial, Internet, e-Commerce, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Wells Fargo
- BlackRock
- Bank of America
- Morgan Stanley
- JP Morgan Asset Management
- Industrial and Commercial Bank of China
- Allianz Group
- UBS
- State Street Global Advisors
Highlights of The Wealth Management Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Portfolio Management
- Funds
- Trusts
- Investment Advice
- Other Financial Vehicles
- By Application:
- Financial
- Internet
- e-Commerce
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Wealth Management Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Wealth management services are a type of financial planning that help individuals and families manage their money, protect their assets, and achieve long-term financial stability. Wealth managers typically work with clients to create a personalized plan that takes into account the individual's unique needs and goals. Wealth management services can include advice on investing, estate planning, retirement planning, and other financial matters.
Some of the major companies in the wealth management services market are Wells Fargo, BlackRock, Bank of America, Morgan Stanley, JP Morgan Asset Management, Industrial and Commercial Bank of China, Allianz Group, UBS, State Street Global Advisors.
The wealth management services market is expected to register a CAGR of 6%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wealth Management Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Wealth Management Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wealth Management Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Wealth Management Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Wealth Management Services Market Size & Forecast, 2018-2028
4.5.1 Wealth Management Services Market Size and Y-o-Y Growth
4.5.2 Wealth Management Services Market Absolute $ Opportunity
Chapter 5 Global Wealth Management Services Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Wealth Management Services Market Size Forecast by Type
5.2.1 Portfolio Management
5.2.2 Funds
5.2.3 Trusts
5.2.4 Investment Advice
5.2.5 Other Financial Vehicles
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Wealth Management Services Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Wealth Management Services Market Size Forecast by Applications
6.2.1 Financial
6.2.2 Internet
6.2.3 e-Commerce
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wealth Management Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Wealth Management Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Wealth Management Services Analysis and Forecast
9.1 Introduction
9.2 North America Wealth Management Services Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Wealth Management Services Market Size Forecast by Type
9.6.1 Portfolio Management
9.6.2 Funds
9.6.3 Trusts
9.6.4 Investment Advice
9.6.5 Other Financial Vehicles
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Wealth Management Services Market Size Forecast by Applications
9.10.1 Financial
9.10.2 Internet
9.10.3 e-Commerce
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Wealth Management Services Analysis and Forecast
10.1 Introduction
10.2 Europe Wealth Management Services Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Wealth Management Services Market Size Forecast by Type
10.6.1 Portfolio Management
10.6.2 Funds
10.6.3 Trusts
10.6.4 Investment Advice
10.6.5 Other Financial Vehicles
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Wealth Management Services Market Size Forecast by Applications
10.10.1 Financial
10.10.2 Internet
10.10.3 e-Commerce
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Wealth Management Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Wealth Management Services Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Wealth Management Services Market Size Forecast by Type
11.6.1 Portfolio Management
11.6.2 Funds
11.6.3 Trusts
11.6.4 Investment Advice
11.6.5 Other Financial Vehicles
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Wealth Management Services Market Size Forecast by Applications
11.10.1 Financial
11.10.2 Internet
11.10.3 e-Commerce
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Wealth Management Services Analysis and Forecast
12.1 Introduction
12.2 Latin America Wealth Management Services Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Wealth Management Services Market Size Forecast by Type
12.6.1 Portfolio Management
12.6.2 Funds
12.6.3 Trusts
12.6.4 Investment Advice
12.6.5 Other Financial Vehicles
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Wealth Management Services Market Size Forecast by Applications
12.10.1 Financial
12.10.2 Internet
12.10.3 e-Commerce
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Wealth Management Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Wealth Management Services Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Wealth Management Services Market Size Forecast by Type
13.6.1 Portfolio Management
13.6.2 Funds
13.6.3 Trusts
13.6.4 Investment Advice
13.6.5 Other Financial Vehicles
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Wealth Management Services Market Size Forecast by Applications
13.10.1 Financial
13.10.2 Internet
13.10.3 e-Commerce
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Wealth Management Services Market: Competitive Dashboard
14.2 Global Wealth Management Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Wells Fargo
14.3.2 BlackRock
14.3.3 Bank of America
14.3.4 Morgan Stanley
14.3.5 JP Morgan Asset Management
14.3.6 Industrial and Commercial Bank of China
14.3.7 Allianz Group
14.3.8 UBS
14.3.9 State Street Global Advisors
