Global Wealth Management Market Size, Forecasts, And Opportunities – Includes Wealth Management Market Analysis
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 global wealth management market size is expected to grow from $1,517.0 billion in 2021 to $1,732.55 billion in 2022 at a compound annual growth rate (CAGR) of 14.2%. The global wealth management market is then expected to grow to $2,801.45 billion in 2026 at a CAGR of 12.8%.
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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. 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.
Global Wealth Management Market Segments Include:
By Type: Funds, Trusts, and Other Financial Vehicles, Asset Management, Portfolio Management and Investment Advice
By Advisory Mode: Human Advisory, Robo Advisory, Hybrid
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 was the largest region in the global wealth management market in 2021.
Many wealth management companies are 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.
Major Market Players: Industrial and Commercial Bank of China, Legal & General Group plc, CNP Assurances, UBS, Japan, Post Group, BlackRock, JPMorgan Chase & Co., Morgan Stanley, Citi Group, and Manulife Financial Corporation.
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 Global Market Report 2022– Market Size, Trends, And Global Forecast 2022-2026 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, 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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