Global Wealth Management Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Wealth Management Market Report by The Business Research Company covers wealth management market drivers and restraints, wealth management market size, major players, and the impact of COVID-19 on the wealth management market.
The wealth management market consists of sales of wealth management services by entities (organizations, sole traders and partnerships) that plan, advise on and manage various kinds of assets. This market covers financial and investment advice, retirement planning and legal or estate planning but excludes accounting and tax services. The market size is the revenues generated from the fees and commissions levied on the assets being managed. It does not include the value of investments held or the amount of money invested in a given year, net or gross. This market includes the custodian charges of the firms as well as any other fees, margins or service charges but excludes brokerage fees levied on securities transactions unless they are included within the service fees or commissions. The wealth management market is segmented into asset management, funds, trusts, and other financial vehicles, and portfolio management and investment advice.
Many wealth management firms are increasing spending on their cybersecurity solutions to prevent cyber-attack risks. Cybersecurity refers to the set of techniques used to protect the network integrity and data from unauthorized access. It enables in 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 investment transactions.
The global wealth management market is expected to grow from $1162.66 billion in 2020 to $1263.34 billion in 2021 at a compound annual growth rate (CAGR) of 8.7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1755 billion in 2025 at a CAGR of 9%.
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Some wealth management market trends include many wealth management companies investing in big data analytics capabilities to generate insights to enhance and refine service offerings and thus increase revenues. Big data solutions are being implemented to deliver insights around client segments, product penetration and analyze training program effectiveness. These technologies are being implemented to assess existing and prospective clients’ inclination to purchase various products and services being offered by a wealth management company, their lifetime value, investment pattern and the ability of the client to take risks. They are also aiding wealth management companies to track business performance, increase client acquisition and retention rates, increase sales and offer real time investment advice.
Global wealth management market segments include:
1) By Type: Funds, Trusts, And Other Financial Vehicles, Asset Management, Portfolio Management And Investment Advice.
2) By Advisory Mode: Human Advisory, Robo Advisory, Hybrid.
3) By Enterprise Size: Large Enterprises, Medium And Small Enterprises.
Subsegments Covered: Large-Cap Equity, Government Fixed Income And Structured Products, Equity Specialties And Fixed Income Products, ETFs And Passively-Managed Products, Alternatives, Solutions Products And Other (Target Date Products And LDIs).
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America accounts for the largest global wealth management market share.
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The Wealth Management Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides wealth management market overviews, analyzes and forecasts market size, share, wealth management market players, wealth management market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The wealth management market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Wealth Management Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Agricultural Bank of China, Wells Fargo, BlackRock, Morgan Stanley, Bank of America.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Wealth Management Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Wealth Management Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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