The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The increasing number of high-net-worth individuals (HNWI) is likely to stimulate innovation in financial advisory manufacturing, propelling the market during the forecast period.

The global financial advisory market is expected to grow from $198.09 billion in 2022 to $207.14 billion in 2023 at a compound annual growth rate (CAGR) of 4.6%. The global financial advisory market size is expected to reach $239.55 billion in 2027 at a CAGR of 3.7%.

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Global Financial Advisory Market Segments Include:

• By Type: Corporate Finance, Accounting Advisory, Tax Advisory, Transaction Services, Risk Management, Other Types
• By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises
• By Industry Vertical: Banking, Financial Services and Insurance (BFSI), IT And Telecom, Manufacturing, Retail And E-Commerce, Public Sector, Healthcare, Other Industry Verticals
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global financial advisory market in 2021.

Major Market Players in the financial advisory market include Boston Consulting Group, Deloitte Touche Tohmatsu Ltd., KPMG International Cooperative, McKinsey & Company, PricewaterhouseCoopers International Limited (PwCIL).

Technological advancements are a crucial trend that is gaining traction in the financial advisory business. To maintain their market position, major players in the financial advisory business are embracing new technologies. For example, in March 2022, SRG Financial Advisors, a holistic financial planning organisation based in the United States, unveiled the ‘Mile Marker Digital Vault Technology’ in collaboration with FutureVault, a Canada-based provider of secure document exchange and digital vault solutions. The SRG team is introducing a number of next-generation process and technological innovations for their clients, the first of which is Marker Vault. This technology promises to improve clients’ asset management and financial planning experiences while streamlining operations, allowing them to focus on what is most important to them. FuturVault offers SRG Financial Advisors and its clients a safe, shared platform for managing information and documents, considerably streamlining interactions between the two parties.

The Financial Advisory Global Market Report 2023  provides a financial advisory market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The financial advisory market forecast analyzes financial advisory market size, financial advisory market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The provision of financial advice or help to a client in exchange for payment is referred to as financial advisory. Financial advisors offer a variety of financial services, such as estate planning, tax preparation, and investment management. Its primary goal is to assist individuals or organisations in developing long-term strategies for wealth creation and risk management.

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