Learn about the global wealth management market through The Business Research Company, which provides information on wealth management market size, wealth management market drivers and restraints, wealth management market players, the COVID-19 impact on the wealth management market, and more.

The wealth management market reached a value of nearly $475.9 billion in 2020, having increased at a compound annual growth rate (CAGR) of 4.8% since 2015. The wealth management market is expected to grow from $475.8 billion in 2020 to $730.7 billion in 2025 at a rate of 9.0%. The wealth management market is then expected to grow at a CAGR of 8.8% from 2025 and reach $1,116.1 billion in 2030.

Increasing retiree population is expected to drive the wealth management market going forward. People are increasingly seeking wealth management services that aid them in generating sufficient retirement income.

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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 primarily 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.

Global Wealth Management Market Segments Include:

By Type Of Asset Class : Equity, Fixed Income, Alternative Assets And Others.
By Advisory Mode: Human Advisory, Robo Advisory, Hybrid
By Type Of Wealth Manager: Private Banks, Investment Managers, Full-Service Wealth Managers, Stockbrokers, Others
By Enterprise Size: Large Enterprises, Medium and Small Enterprises
By Type Of Client: Pension Funds, Insurance Companies, Sovereign Wealth Fund (SWF), High-Net Worth Individual (HNWI), Mass Affluent Market
By Service Element: Life Insurance, Property & Casualty Insurance, Health & Medical Insurance
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 was the largest region in the wealth management market, accounting for 53.7% of the total in 2020.

Wealth management firms are integrating artificial intelligence, machine learning and data analytics applications to provide hybrid services. Artificial Intelligence refer to intelligent machines that work and react like humans. AI helps to deliver insights to complex client questions in real time through its virtual conversational interface between business and clients. AI enabled applications such as natural language generation (NLG) is closing the gap between data analysis and investment decisions providing real-time insights in automated trading strategies.

TBRC’s wealth management market report covers:

Major Market Players: Morgan Stanley, Bank of America Corporation, UBS Group, AG Wells Fargo & Company, JPMorgan Chase & Co.
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 (2016-21) and ten years forecast (2022-2026-2031)

The Wealth Management Market 2022 -Global Forecast To 2030 is one of a series of new reports from The Business Research Company that provides wealth management market overviews, analyses and forecasts market size, share, wealth management market players, wealth management market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s 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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