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 belonging to high net worth and ultra-high net worth individuals, corporations, and government and non-government institutions. The market includes establishments that offer financial and investment advice, retirement planning and legal or estate planning.

The global wealth management market is expected to decline from $486.78 billion in 2019 to $446.73 billion in 2020 at a compound annual growth rate (CAGR) of -8.2%. The decline is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 9.4% from 2021 ad reach $584.99 billion in 2023.

Going forward, increasing demand for alternative investments is expected to drive the market for wealth management. There has been an increasing preference for alternative investments among the high-net-worth individuals and ultra-high net worth individuals. Alternative investments are financial assets, which do not fall into the category of conventional financial assets, such as stocks, bonds, and cash. Examples of alternative investments include hedge funds, private equity, commodities, mineral rights, real estate investment trusts (REITs), art and antiquities, intellectual property, and derivatives (futures, options, and swaps), among others. Investors are increasingly becoming interested in alternative investments owing to several benefits offered such as diversification, reduction in portfolio risk, availability in private markets, low correlation with other assets, less regulation, and relatively higher returns. Investors are increasingly seeking wealth management services to invest in alternative assets. This will drive the market for wealth management in the forecast period.

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Some wealth management market trends include investing in big data analytics capabilities to generate insights to enhance and refine service offerings and thus increase revenues.

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 Type Of Wealth Manager: Private Banks, Full-Service Wealth Managers, Investment Managers, Stockbrokers, Others

4) By Enterprise Size: Large Enterprises, Medium and Small Enterprises

5) By Type Of Client: Mass Affluent, HNWI, Pension Funds, Insurance Companies, Sovereign Wealth Funds

6) By Service Element: Asset Management, Portfolio Management and Investment Advisory, Funds, Trusts, and Other Financial Vehicles

7) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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The Wealth Management Opportunities And Strategies: Forecast 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 identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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Read Wealth Management Opportunities And Strategies: Forecast 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: Wells Fargo & Company, JPMorgan Chase & Co., Bank of America Corporation, Morgan Stanley, UBS Group AG

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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