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Wealth Management Market by Advisory Model (Human Advisory, Hybrid, Robo Advisory), Business Function (Financial Advice Management, Performance Management, Portfolio, Accounting, & Trading Management), Deployment Model, Application, End-User Industry - Gl

Publisher 360iResearch
Published Apr 17, 2024
Length 195 Pages
SKU # IRE18713928

Description

Wealth Management Market by Advisory Model (Human Advisory, Hybrid, Robo Advisory), Business Function (Financial Advice Management, Performance Management, Portfolio, Accounting, & Trading Management), Deployment Model, Application, End-User Industry - Global Forecast 2024-2030


The Wealth Management Market size was estimated at USD 134.60 billion in 2023 and expected to reach USD 149.10 billion in 2024, at a CAGR 11.34% to reach USD 285.59 billion by 2030.

Wealth management is a comprehensive financial service that combines various financial disciplines and services to address the needs of affluent clients. A highly customized service, it includes investment management, financial planning, estate planning, and retirement planning. The purpose of wealth management is to sustain and grow long-term wealth and offer a strategic approach to managing clients' financial situations. The wealth management market is driven by the proliferation and rising diversity of financial assets across the world. The popularity of sustainable and responsible investing (SRI) has also seen considerable growth, influencing wealth managers to incorporate environmental, social, and governance (ESG) criteria in their investment strategies. However, instances of fraudulent wealth management practices and investment scams deter potential clients from availing of the services of wealth management. Additionally, the lack of skilled, knowledgeable professionals and limited investment options provided to clients reduces the favourability of wealth management. However, major providers are constantly exploring ways to integrate advanced technologies such as AI, ML, and big data analytics solutions to expand the scope and efficiency of wealth management. Fintech technologies incorporate digital solutions that increase accessibility, offer enhanced analytics, and improve client engagement through personalized experiences, thereby offering new avenues of growth for wealth management providers.



Please Note: PDF & Excel + Online Access - 1 Year

Table of Contents

195 Pages
1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Growing diversity of financial assets across the world and preference for sustainable investing
5.1.1.2. Expansion of banks and financial institutions across the world
5.1.1.3. Rising financial literacy and awareness about the importance of proper finance planning
5.1.2. Restraints
5.1.2.1. Chances of fraudulent practices in wealth management
5.1.3. Opportunities
5.1.3.1. Advancements to improve wealth management practices and adoption of fintech technologies
5.1.3.2. Emergence of small businesses and start-ups requiring strategic financial planning strategies
5.1.4. Challenges
5.1.4.1. Lack of technical and legal expertise and limited investment options
5.2. Market Segmentation Analysis
5.2.1. Advisory Model: Expanding advancements to provide robo-advisory services to clients at lower prices
5.2.2. Business Function: Growing demand for financial advice management to cater to diverse client requirements for financial planning
5.2.3. Deployment Model: Cloud based Software-as-a-Service are preferred choice for online BFSI services
5.2.4. End-Use: Bank, trading & exchange firms are utilizing wealth management solutions and services for expandable client retention and satisfaction
5.3. Market Disruption Analysis
5.4. Porter’s Five Forces Analysis
5.4.1. Threat of New Entrants
5.4.2. Threat of Substitutes
5.4.3. Bargaining Power of Customers
5.4.4. Bargaining Power of Suppliers
5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis
6. Wealth Management Market, by Advisory Model
6.1. Introduction
6.2. Human Advisory
6.3. Hybrid
6.4. Robo Advisory
7. Wealth Management Market, by Business Function
7.1. Introduction
7.2. Financial Advice Management
7.3. Performance Management
7.4. Portfolio, Accounting, & Trading Management
7.5. Reporting
7.6. Risk & Compliance Management
8. Wealth Management Market, by Deployment Model
8.1. Introduction
8.2. Cloud
8.3. On-Premises
9. Wealth Management Market, by Application
9.1. Introduction
9.2. Insurance Planning
9.3. Personal Finance Management
9.4. Retirement Planning
9.5. Tax Management
10. Wealth Management Market, by End-User Industry
10.1. Introduction
10.2. Banks
10.3. Brokerage Firms
10.4. Investment Management Firms
10.5. Trading & Exchange Firms
11. Americas Wealth Management Market
11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States
12. Asia-Pacific Wealth Management Market
12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam
13. Europe, Middle East & Africa Wealth Management Market
13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom
14. Competitive Landscape
14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
14.3.1. Choreo Announces Acquisition of Wealth Management Business from BDO
14.3.2. Merger of Leading Wealth Management Firms Launches Wellington Wealth Strategies
14.3.3. Crestwood Advisors Completes Merger with Endurance Wealth Management
14.4. Strategy Analysis & Recommendation
15. Competitive Portfolio
15.1. Key Company Profiles
15.2. Key Product Portfolio
FIGURE 1. WEALTH MANAGEMENT MARKET RESEARCH PROCESS
FIGURE 2. WEALTH MANAGEMENT MARKET SIZE, 2023 VS 2030
FIGURE 3. GLOBAL WEALTH MANAGEMENT MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. GLOBAL WEALTH MANAGEMENT MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. GLOBAL WEALTH MANAGEMENT MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. WEALTH MANAGEMENT MARKET DYNAMICS
FIGURE 7. GLOBAL WEALTH MANAGEMENT MARKET SIZE, BY ADVISORY MODEL, 2023 VS 2030 (%)
FIGURE 8. GLOBAL WEALTH MANAGEMENT MARKET SIZE, BY ADVISORY MODEL, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. GLOBAL WEALTH MANAGEMENT MARKET SIZE, BY BUSINESS FUNCTION, 2023 VS 2030 (%)
FIGURE 10. GLOBAL WEALTH MANAGEMENT MARKET SIZE, BY BUSINESS FUNCTION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. GLOBAL WEALTH MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODEL, 2023 VS 2030 (%)
FIGURE 12. GLOBAL WEALTH MANAGEMENT MARKET SIZE, BY DEPLOYMENT MODEL, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. GLOBAL WEALTH MANAGEMENT MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
FIGURE 14. GLOBAL WEALTH MANAGEMENT MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. GLOBAL WEALTH MANAGEMENT MARKET SIZE, BY END-USER INDUSTRY, 2023 VS 2030 (%)
FIGURE 16. GLOBAL WEALTH MANAGEMENT MARKET SIZE, BY END-USER INDUSTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. AMERICAS WEALTH MANAGEMENT MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. AMERICAS WEALTH MANAGEMENT MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. UNITED STATES WEALTH MANAGEMENT MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 20. UNITED STATES WEALTH MANAGEMENT MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. ASIA-PACIFIC WEALTH MANAGEMENT MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 22. ASIA-PACIFIC WEALTH MANAGEMENT MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 23. EUROPE, MIDDLE EAST & AFRICA WEALTH MANAGEMENT MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 24. EUROPE, MIDDLE EAST & AFRICA WEALTH MANAGEMENT MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 25. WEALTH MANAGEMENT MARKET SHARE, BY KEY PLAYER, 2023
FIGURE 26. WEALTH MANAGEMENT MARKET, FPNV POSITIONING MATRIX, 2023

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