Australia Wealth Management Market Size, Share Analysis and Forecast Report (2025-2034)
Description
Australia Wealth Management Market Trends
The Australia wealth management market provides a wide variety of investment options, allowing clients to choose from equities, fixed income, real estate, and alternative assets. Wealth managers develop tailored strategies based on individual financial goals and risk appetites. They also assist with tax optimisation to help clients maximise their returns. Furthermore, advisors focus on retirement planning, ensuring clients achieve financial security in their later years, and provide estate planning services to facilitate effective wealth transfer to future generations. According to the Australian Prudential Regulation Authority, the general insurance sector reported a net profit after tax of USD 4.6 billion and a return on net assets of 14.2% for the financial year ending 30 June 2023.
The growth of the Australia wealth management market is supported by robust risk management, with professionals evaluating and mitigating potential risks in client portfolios. Wealth managers also provide investment education, empowering clients to make informed decisions. Clients benefit from the expertise of experienced professionals, along with the reassurance of regulatory compliance. Holistic financial planning encompasses various facets of financial health, including investments, insurance, and debt management, ensuring a well-rounded approach to wealth management. The Australian Bureau of Statistics reported that in December 2023, the consolidated assets of managed funds institutions rose by USD 152.1 billion (4.1%) to USD 3,883.7 billion, while unconsolidated assets increased by USD 176.6 billion (4.1%) to USD 4,451.9 billion.
Australia Wealth Management Market Growth
The Australia wealth management market is thriving, as managers provide valuable market insights and analysis to help clients effectively navigate trends. By emphasising a long-term focus, wealth management aligns with clients' financial objectives while promoting investment diversification to mitigate risk. Advisors also assist with philanthropic planning, helping client’s structure charitable contributions and legacy arrangements. According to the Australian Bureau of Statistics, the total managed funds industry rose by USD 176.6 billion (3.9%), reaching USD 4,751.5 billion in funds under management during the December 2023 quarter.
Demand of Australia wealth management market is bolstered by pooled resources and institutional access, which enhances cost efficiency and lower clients' overall investment expenses. Wealth managers facilitate networking opportunities, connecting clients with other affluent individuals at exclusive events. They also offer psychological support during market fluctuations, helping clients maintain perspective. Furthermore, succession planning strategies ensure seamless transitions for business owners. Ultimately, professional wealth management fosters confidence and peace of mind regarding clients' financial futures. In July 2024, ANZ and Blackstone launched a new wealth management fund in Australia aimed at the lender's private clients. Named the Graphene Alternative Fund, it is managed by Blackstone and targets an absolute return strategy to attract the nation's wealthiest families.
Australia Wealth Management Market Insights
May 2024
A new private bank called Volans was launched in Australia, aiming to enhance banking services for high-net-worth clients through the integration of advanced AI technology. FinTech Futures reported that the name, which translates from Latin to ‘flying fish,’ symbolises the bank’s commitment to agility and adaptability in the fast-changing financial landscape.
March 2024
Avenue Bank, a newcomer in the finance sector, obtained its full operational licence, introducing an efficient bank guarantee system designed for small and medium enterprises. The bank promised faster service than the Big Four, with fully digital applications approved in just five minutes and within 24 hours.
Australia Wealth Management Market Drivers
Emergence of Digital Platforms
The shift towards digital platforms is a significant trend in the Australia wealth management market, providing clients with easy access to financial services. Robo-advisors and online investment tools are becoming increasingly popular, enabling cost-effective and efficient portfolio management. Many of these platforms utilise advanced technologies, including artificial intelligence, to improve decision-making and tailor investment strategies. This trend particularly attracts younger investors who prioritise convenience and technological integration. As digital solutions continue to advance, traditional wealth management firms are responding by offering hybrid services that blend personal advice with digital features, ensuring they stay competitive in an evolving landscape. In October 2024, S64, a global fintech and solutions provider for the wealth management sector, expanded its partnership with Hg, a leading investor in European and transatlantic software and services, by launching Hg’s flagship Hg Fusion opportunity through an Australian Unit Trust.
Heightened Regulatory Scrutiny
The Australia wealth management market dynamics and trends are being influenced by increased regulatory scrutiny, as authorities seek to bolster consumer protection and market integrity. Regulatory bodies are enforcing stricter guidelines on transparency, disclosure, and fiduciary duties. This shift necessitates that wealth management firms invest in compliance and risk management systems to adapt to these evolving standards. While such regulations may present challenges, they also offer firms the chance to build trust and credibility with clients. By committing to ethical practices and strong governance, wealth managers can distinguish themselves and enhance their reputation in a market where consumer confidence is crucial. The Australian Securities and Investments Commission (ASIC) serves as the primary regulator overseeing the Corporations Act and the Australian Financial Services Licence (AFSL) framework, ensuring market integrity and consumer protection while regulating financial service providers.
Opportunities in the Australia Wealth Management Market
Integration of Technology
The Australia wealth management market share is expanding as technology is increasingly becoming a part of wealth management services. Companies are leveraging advanced tools such as artificial intelligence, big data analytics, and blockchain to improve operational efficiency and enhance the client experience. These technologies facilitate better risk assessment, portfolio management, and compliance procedures. Additionally, mobile applications and online platforms provide clients with real-time access to their investments and financial information. As the demand for transparency and convenience grows, technology-driven solutions are essential. Wealth managers who embrace these innovations will not only improve service delivery but also position themselves as leaders in a competitive landscape. In September 2023, a new wealth management platform called InvestSmart was introduced in Australia, incorporating advanced AI analytics to deliver customised investment strategies. Aimed at both retail and institutional investors, the platform seeks to enhance decision-making and boost client engagement in the wealth management sector.
Market Restraints
The Australia wealth management market encounters several significant constraints that affect its growth. Economic volatility creates uncertainty, reducing client confidence and their willingness to invest. Strict regulatory requirements place considerable demands on firms’ resources, restricting their operational flexibility. Moreover, the emergence of alternative investments, such as cryptocurrencies and robo-advisors, appeals to younger clients looking for lower fees and better returns.
A shortage of skilled professionals in the industry further hinders growth, as firms find it challenging to recruit talent to fulfil the rising demand for personalised advice. Finally, consumer scepticism towards financial institutions, exacerbated by previous scandals, complicates trust, making it essential for firms to build and maintain credibility to attract and retain clients.
“Australia Wealth Management Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Deployment Type
By Deployment Type Insights
According to the Australia wealth management market analysis, on-premises solutions provide enhanced data security and control for wealth management firms, enabling them to manage sensitive client information within their infrastructure. This approach can also facilitate compliance with regulatory requirements, allowing firms to customise their systems to meet specific operational needs. In March 2023, Xero launched a new on-premises accounting solution in Australia, designed specifically for wealth management firms. This offering improves data security while granting firms greater control over client information and compliance processes, catering to the needs of financial professionals.
The Australia wealth management market is benefiting from cloud solutions, which offer scalability and flexibility, enabling firms to swiftly adjust their resources based on demand. The segment is projected to grow at a CAGR of 5.1% from 2024 to 2032. These platforms enhance collaboration and accessibility, allowing both advisors and clients to access financial data and tools from anywhere, thereby improving overall efficiency and client engagement. In November 2023, Finastra launched a cloud-based wealth management platform in Australia, aimed at boosting operational efficiency and client accessibility. The platform features advanced capabilities like real-time data analytics , helping firms enhance decision-making processes and better address their clients' financial needs.
By End-Use Analysis
As per the Australia wealth management market report, banks dominate the industry by offering a comprehensive range of wealth management services, including investment advice, financial planning, and estate management, all supported by established trust and reliability. This segment is projected to grow at a CAGR of 5.1% from 2024 to 2032. Their vast resources and regulatory compliance enhance client confidence, while access to a wide array of financial products allows for customised investment strategies tailored to individual needs. In January 2024, Commonwealth Bank launched a new wealth management app in Australia, which integrates banking services with investment management. The app provides users with real-time insights into their portfolios, improving accessibility and engagement for clients seeking a streamlined financial management experience.
The Australia wealth management market growth is supported by trading firms that offer specialised expertise in financial markets. These firms provide advanced trading platforms and tools for efficient portfolio management. Their emphasis on real-time data and analytics enables investors to make informed decisions, while lower fees associated with trading services can boost overall investment returns, particularly attracting active traders. In March 2024, Westpac introduced a new investment advisory service in Australia, tailored to high-net-worth clients. This service offers personalised wealth management strategies, combining the bank's extensive resources with customised investment advice to meet clients' specific financial objectives.
Australia Wealth Management Market Regional Insights
New South Wales Wealth Management Market Regional Insights
The wealth management market in New South Wales features a strong presence of leading banks and financial institutions that offer a wide range of services to high-net-worth clients. The region benefits from a solid regulatory framework, which boosts consumer confidence and encourages investment. As reported by the Australian Bureau of Statistics, managed funds in New South Wales represented about 45% of the national total as of June 2023, indicating considerable regional investment activity.
Queensland Wealth Management Market Trends
In Queensland, the wealth management market is increasingly shifting towards digital solutions to meet the growing demand for convenience from clients. The popularity of robo-advisors and online platforms is on the rise, according to the Queensland Investment Corporation’s 2023 report. Additionally, the state’s regulatory framework fosters innovation while ensuring consumer protection, creating a competitive environment that motivates firms to improve their service offerings.
Western Australia Wealth Management Market Dynamics
According to the Australia wealth management industry analysis, the market in Western Australia is influenced by the state's economic environment, especially within the resources sector. Western Australia is projected to grow at a CAGR of 16.2% from 2024 to 2032. The growth of investment opportunities in mining and energy has attracted wealthy investors seeking tailored financial solutions. In 2023, the Australian Securities and Investments Commission (ASIC) indicated that Western Australia accounted for a notable portion of the country’s investment funds, highlighting the crucial importance of regulatory compliance for promoting sustainable growth in this sector.
Competitive Landscape
The Australia wealth management market key players specialise in providing a wide array of services, including financial planning, investment management, and superannuation advice. With a strong emphasis on personalised client relationships, these firms aim to empower individuals and families to achieve their financial objectives through tailored strategies and expert guidance. Committed to integrity and professionalism, they uphold high ethical standards and have established a solid reputation for delivering quality financial advice and investment solutions. This makes them trusted partners for high-net-worth clients throughout the country. Their dedicated teams of experienced professionals work collaboratively to effectively address clients' needs.
Key Industry Players
Macquarie Bank Limited: Headquartered in Sydney, Australia, was established in 1969. It is a global financial services provider known for its expertise in investment banking, asset management, and financial advisory services. The bank focuses on innovation and offers tailored solutions to clients, including corporations, institutions, and governments while maintaining a strong commitment to sustainability.
National Australia Bank Limited: Founded in 1893 and headquartered in Melbourne, is one of Australia's largest financial institutions. NAB provides a comprehensive range of banking and financial services, including personal, business, and corporate banking. The bank is dedicated to supporting customers with tailored solutions and has a strong focus on community engagement and environmental sustainability.
Westpac Banking Corporation: Established in 1817 and based in Sydney, is one of Australia's oldest banks. It offers a wide array of financial services, including personal banking, business banking, and wealth management. Westpac is committed to delivering exceptional customer service and promoting sustainable practices, positioning itself as a leader in the Australian banking sector.
CommBank Group: Commonwealth Bank of Australia (CommBank Group), headquartered in Sydney and established in 1911, is a leading provider of integrated financial services in Australia. The bank offers a diverse range of products, including retail, business, and institutional banking, as well as wealth management services. CommBank is dedicated to innovation and enhancing customer experiences through technology and digital solutions.
Other key players in the Australia wealth management market report are Morgan Stanley & Co International plc, Shadforth Financial Group Limited and Perpetual Limited, among others.
Recent Developments
February 2024
ANZ revealed the launch of its upgraded trading platform aimed at retail investors, offering advanced tools for market analysis and trading execution. This enhancement seeks to attract more clients, addressing the rising demand for comprehensive trading services within the wealth management sector.
August 2023
The fintech firm Wealthify launched its robo-advisory service in Australia, focusing on tech-savvy investors looking for affordable portfolio management. This service employs algorithms to develop customised investment portfolios tailored to individual risk profiles and financial objectives, making investing more accessible to a wider range of investors.
The Australia wealth management market provides a wide variety of investment options, allowing clients to choose from equities, fixed income, real estate, and alternative assets. Wealth managers develop tailored strategies based on individual financial goals and risk appetites. They also assist with tax optimisation to help clients maximise their returns. Furthermore, advisors focus on retirement planning, ensuring clients achieve financial security in their later years, and provide estate planning services to facilitate effective wealth transfer to future generations. According to the Australian Prudential Regulation Authority, the general insurance sector reported a net profit after tax of USD 4.6 billion and a return on net assets of 14.2% for the financial year ending 30 June 2023.
The growth of the Australia wealth management market is supported by robust risk management, with professionals evaluating and mitigating potential risks in client portfolios. Wealth managers also provide investment education, empowering clients to make informed decisions. Clients benefit from the expertise of experienced professionals, along with the reassurance of regulatory compliance. Holistic financial planning encompasses various facets of financial health, including investments, insurance, and debt management, ensuring a well-rounded approach to wealth management. The Australian Bureau of Statistics reported that in December 2023, the consolidated assets of managed funds institutions rose by USD 152.1 billion (4.1%) to USD 3,883.7 billion, while unconsolidated assets increased by USD 176.6 billion (4.1%) to USD 4,451.9 billion.
Australia Wealth Management Market Growth
The Australia wealth management market is thriving, as managers provide valuable market insights and analysis to help clients effectively navigate trends. By emphasising a long-term focus, wealth management aligns with clients' financial objectives while promoting investment diversification to mitigate risk. Advisors also assist with philanthropic planning, helping client’s structure charitable contributions and legacy arrangements. According to the Australian Bureau of Statistics, the total managed funds industry rose by USD 176.6 billion (3.9%), reaching USD 4,751.5 billion in funds under management during the December 2023 quarter.
Demand of Australia wealth management market is bolstered by pooled resources and institutional access, which enhances cost efficiency and lower clients' overall investment expenses. Wealth managers facilitate networking opportunities, connecting clients with other affluent individuals at exclusive events. They also offer psychological support during market fluctuations, helping clients maintain perspective. Furthermore, succession planning strategies ensure seamless transitions for business owners. Ultimately, professional wealth management fosters confidence and peace of mind regarding clients' financial futures. In July 2024, ANZ and Blackstone launched a new wealth management fund in Australia aimed at the lender's private clients. Named the Graphene Alternative Fund, it is managed by Blackstone and targets an absolute return strategy to attract the nation's wealthiest families.
Australia Wealth Management Market Insights
- The Australian Banking Association indicates that the growth of the Australia wealth management industry is bolstered by 95 banking institutions in 2023.
- According to the International Trade Administration, the market is underpinned by the four largest retail banks: Westpac, Commonwealth Bank, ANZ, and NAB.
- Industry reports highlighted a USD 176.6 billion (3.9%) increase in the total managed funds industry by the end of the December 2023 quarter.
- The Western Australia wealth management market share is expected to grow significantly, with a projected compound annual growth rate (CAGR) of 16.2% from 2024 to 2032.
- The Australian Capital Territory and Victoria are forecast to grow at CAGRs of 5.0% and 4.3%, respectively, from 2024 to 2032.
- The investment management firms is projected to grow at a CAGR of 5.4% from 2024 to 2032.
May 2024
A new private bank called Volans was launched in Australia, aiming to enhance banking services for high-net-worth clients through the integration of advanced AI technology. FinTech Futures reported that the name, which translates from Latin to ‘flying fish,’ symbolises the bank’s commitment to agility and adaptability in the fast-changing financial landscape.
March 2024
Avenue Bank, a newcomer in the finance sector, obtained its full operational licence, introducing an efficient bank guarantee system designed for small and medium enterprises. The bank promised faster service than the Big Four, with fully digital applications approved in just five minutes and within 24 hours.
Australia Wealth Management Market Drivers
Emergence of Digital Platforms
The shift towards digital platforms is a significant trend in the Australia wealth management market, providing clients with easy access to financial services. Robo-advisors and online investment tools are becoming increasingly popular, enabling cost-effective and efficient portfolio management. Many of these platforms utilise advanced technologies, including artificial intelligence, to improve decision-making and tailor investment strategies. This trend particularly attracts younger investors who prioritise convenience and technological integration. As digital solutions continue to advance, traditional wealth management firms are responding by offering hybrid services that blend personal advice with digital features, ensuring they stay competitive in an evolving landscape. In October 2024, S64, a global fintech and solutions provider for the wealth management sector, expanded its partnership with Hg, a leading investor in European and transatlantic software and services, by launching Hg’s flagship Hg Fusion opportunity through an Australian Unit Trust.
Heightened Regulatory Scrutiny
The Australia wealth management market dynamics and trends are being influenced by increased regulatory scrutiny, as authorities seek to bolster consumer protection and market integrity. Regulatory bodies are enforcing stricter guidelines on transparency, disclosure, and fiduciary duties. This shift necessitates that wealth management firms invest in compliance and risk management systems to adapt to these evolving standards. While such regulations may present challenges, they also offer firms the chance to build trust and credibility with clients. By committing to ethical practices and strong governance, wealth managers can distinguish themselves and enhance their reputation in a market where consumer confidence is crucial. The Australian Securities and Investments Commission (ASIC) serves as the primary regulator overseeing the Corporations Act and the Australian Financial Services Licence (AFSL) framework, ensuring market integrity and consumer protection while regulating financial service providers.
Opportunities in the Australia Wealth Management Market
Integration of Technology
The Australia wealth management market share is expanding as technology is increasingly becoming a part of wealth management services. Companies are leveraging advanced tools such as artificial intelligence, big data analytics, and blockchain to improve operational efficiency and enhance the client experience. These technologies facilitate better risk assessment, portfolio management, and compliance procedures. Additionally, mobile applications and online platforms provide clients with real-time access to their investments and financial information. As the demand for transparency and convenience grows, technology-driven solutions are essential. Wealth managers who embrace these innovations will not only improve service delivery but also position themselves as leaders in a competitive landscape. In September 2023, a new wealth management platform called InvestSmart was introduced in Australia, incorporating advanced AI analytics to deliver customised investment strategies. Aimed at both retail and institutional investors, the platform seeks to enhance decision-making and boost client engagement in the wealth management sector.
Market Restraints
The Australia wealth management market encounters several significant constraints that affect its growth. Economic volatility creates uncertainty, reducing client confidence and their willingness to invest. Strict regulatory requirements place considerable demands on firms’ resources, restricting their operational flexibility. Moreover, the emergence of alternative investments, such as cryptocurrencies and robo-advisors, appeals to younger clients looking for lower fees and better returns.
A shortage of skilled professionals in the industry further hinders growth, as firms find it challenging to recruit talent to fulfil the rising demand for personalised advice. Finally, consumer scepticism towards financial institutions, exacerbated by previous scandals, complicates trust, making it essential for firms to build and maintain credibility to attract and retain clients.
“Australia Wealth Management Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Deployment Type
- On-Premises
- Cloud
- Banks
- Trading Firms
- Brokerage Firms
- Investment Management Firms
- Others
- New South Wales
- Victoria
- Queensland
- Australian Capital Territory
- Western Australia
- Others
By Deployment Type Insights
According to the Australia wealth management market analysis, on-premises solutions provide enhanced data security and control for wealth management firms, enabling them to manage sensitive client information within their infrastructure. This approach can also facilitate compliance with regulatory requirements, allowing firms to customise their systems to meet specific operational needs. In March 2023, Xero launched a new on-premises accounting solution in Australia, designed specifically for wealth management firms. This offering improves data security while granting firms greater control over client information and compliance processes, catering to the needs of financial professionals.
The Australia wealth management market is benefiting from cloud solutions, which offer scalability and flexibility, enabling firms to swiftly adjust their resources based on demand. The segment is projected to grow at a CAGR of 5.1% from 2024 to 2032. These platforms enhance collaboration and accessibility, allowing both advisors and clients to access financial data and tools from anywhere, thereby improving overall efficiency and client engagement. In November 2023, Finastra launched a cloud-based wealth management platform in Australia, aimed at boosting operational efficiency and client accessibility. The platform features advanced capabilities like real-time data analytics , helping firms enhance decision-making processes and better address their clients' financial needs.
By End-Use Analysis
As per the Australia wealth management market report, banks dominate the industry by offering a comprehensive range of wealth management services, including investment advice, financial planning, and estate management, all supported by established trust and reliability. This segment is projected to grow at a CAGR of 5.1% from 2024 to 2032. Their vast resources and regulatory compliance enhance client confidence, while access to a wide array of financial products allows for customised investment strategies tailored to individual needs. In January 2024, Commonwealth Bank launched a new wealth management app in Australia, which integrates banking services with investment management. The app provides users with real-time insights into their portfolios, improving accessibility and engagement for clients seeking a streamlined financial management experience.
The Australia wealth management market growth is supported by trading firms that offer specialised expertise in financial markets. These firms provide advanced trading platforms and tools for efficient portfolio management. Their emphasis on real-time data and analytics enables investors to make informed decisions, while lower fees associated with trading services can boost overall investment returns, particularly attracting active traders. In March 2024, Westpac introduced a new investment advisory service in Australia, tailored to high-net-worth clients. This service offers personalised wealth management strategies, combining the bank's extensive resources with customised investment advice to meet clients' specific financial objectives.
Australia Wealth Management Market Regional Insights
New South Wales Wealth Management Market Regional Insights
The wealth management market in New South Wales features a strong presence of leading banks and financial institutions that offer a wide range of services to high-net-worth clients. The region benefits from a solid regulatory framework, which boosts consumer confidence and encourages investment. As reported by the Australian Bureau of Statistics, managed funds in New South Wales represented about 45% of the national total as of June 2023, indicating considerable regional investment activity.
Queensland Wealth Management Market Trends
In Queensland, the wealth management market is increasingly shifting towards digital solutions to meet the growing demand for convenience from clients. The popularity of robo-advisors and online platforms is on the rise, according to the Queensland Investment Corporation’s 2023 report. Additionally, the state’s regulatory framework fosters innovation while ensuring consumer protection, creating a competitive environment that motivates firms to improve their service offerings.
Western Australia Wealth Management Market Dynamics
According to the Australia wealth management industry analysis, the market in Western Australia is influenced by the state's economic environment, especially within the resources sector. Western Australia is projected to grow at a CAGR of 16.2% from 2024 to 2032. The growth of investment opportunities in mining and energy has attracted wealthy investors seeking tailored financial solutions. In 2023, the Australian Securities and Investments Commission (ASIC) indicated that Western Australia accounted for a notable portion of the country’s investment funds, highlighting the crucial importance of regulatory compliance for promoting sustainable growth in this sector.
Competitive Landscape
The Australia wealth management market key players specialise in providing a wide array of services, including financial planning, investment management, and superannuation advice. With a strong emphasis on personalised client relationships, these firms aim to empower individuals and families to achieve their financial objectives through tailored strategies and expert guidance. Committed to integrity and professionalism, they uphold high ethical standards and have established a solid reputation for delivering quality financial advice and investment solutions. This makes them trusted partners for high-net-worth clients throughout the country. Their dedicated teams of experienced professionals work collaboratively to effectively address clients' needs.
Key Industry Players
Macquarie Bank Limited: Headquartered in Sydney, Australia, was established in 1969. It is a global financial services provider known for its expertise in investment banking, asset management, and financial advisory services. The bank focuses on innovation and offers tailored solutions to clients, including corporations, institutions, and governments while maintaining a strong commitment to sustainability.
National Australia Bank Limited: Founded in 1893 and headquartered in Melbourne, is one of Australia's largest financial institutions. NAB provides a comprehensive range of banking and financial services, including personal, business, and corporate banking. The bank is dedicated to supporting customers with tailored solutions and has a strong focus on community engagement and environmental sustainability.
Westpac Banking Corporation: Established in 1817 and based in Sydney, is one of Australia's oldest banks. It offers a wide array of financial services, including personal banking, business banking, and wealth management. Westpac is committed to delivering exceptional customer service and promoting sustainable practices, positioning itself as a leader in the Australian banking sector.
CommBank Group: Commonwealth Bank of Australia (CommBank Group), headquartered in Sydney and established in 1911, is a leading provider of integrated financial services in Australia. The bank offers a diverse range of products, including retail, business, and institutional banking, as well as wealth management services. CommBank is dedicated to innovation and enhancing customer experiences through technology and digital solutions.
Other key players in the Australia wealth management market report are Morgan Stanley & Co International plc, Shadforth Financial Group Limited and Perpetual Limited, among others.
Recent Developments
February 2024
ANZ revealed the launch of its upgraded trading platform aimed at retail investors, offering advanced tools for market analysis and trading execution. This enhancement seeks to attract more clients, addressing the rising demand for comprehensive trading services within the wealth management sector.
August 2023
The fintech firm Wealthify launched its robo-advisory service in Australia, focusing on tech-savvy investors looking for affordable portfolio management. This service employs algorithms to develop customised investment portfolios tailored to individual risk profiles and financial objectives, making investing more accessible to a wider range of investors.
Table of Contents
113 Pages
- 1 Preface
- 2 Report Coverage – Key Segmentation and Scope
- 3 Report Description
- 3.1 Market Definition and Outlook
- 3.2 Properties and Applications
- 3.3 Market Analysis
- 3.4 Key Players
- 4 Key Assumptions
- 5 Executive Summary
- 5.1 Overview
- 5.2 Key Drivers
- 5.3 Key Developments
- 5.4 Competitive Structure
- 5.5 Key Industrial Trends
- 6 Market Snapshot
- 7 Opportunities and Challenges in the Market
- 8 Asia Pacific Wealth Management Market Overview
- 8.1 Key Industry Highlights
- 8.2 Asia Pacific Wealth Management Historical Market (2018-2024)
- 8.3 Asia Pacific Wealth Management Market Forecast (2025-2034)
- 9 Australia Wealth Management Market Overview
- 9.1 Key Industry Highlights
- 9.2 Australia Wealth Management Historical Market (2018-2024)
- 9.3 Australia Wealth Management Market Forecast (2025-2034)
- 10 Australia Wealth Management Market by Deployment Type
- 10.1 On-Premises
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 Cloud
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 11 Australia Wealth Management Market by End Use
- 11.1 Banks
- 11.1.1 Historical Trend (2018-2024)
- 11.1.2 Forecast Trend (2025-2034)
- 11.2 Trading Firms
- 11.2.1 Historical Trend (2018-2024)
- 11.2.2 Forecast Trend (2025-2034)
- 11.3 Brokerage Firms
- 11.3.1 Historical Trend (2018-2024)
- 11.3.2 Forecast Trend (2025-2034)
- 11.4 Investment Management Firms
- 11.4.1 Historical Trend (2018-2024)
- 11.4.2 Forecast Trend (2025-2034)
- 11.5 Others
- 12 Australia Wealth Management Market by Region
- 12.1 New South Wales
- 12.1.1 Historical Trend (2018-2024)
- 12.1.2 Forecast Trend (2025-2034)
- 12.2 Victoria
- 12.2.1 Historical Trend (2018-2024)
- 12.2.2 Forecast Trend (2025-2034)
- 12.3 Queensland
- 12.3.1 Historical Trend (2018-2024)
- 12.3.2 Forecast Trend (2025-2034)
- 12.4 Australian Capital Territory
- 12.4.1 Historical Trend (2018-2024)
- 12.4.2 Forecast Trend (2025-2034)
- 12.5 Western Australia
- 12.5.1 Historical Trend (2018-2024)
- 12.5.2 Forecast Trend (2025-2034)
- 12.6 Others
- 13 Market Dynamics
- 13.1 SWOT Analysis
- 13.1.1 Strengths
- 13.1.2 Weaknesses
- 13.1.3 Opportunities
- 13.1.4 Threats
- 13.2 Porter’s Five Forces Analysis
- 13.2.1 Supplier’s Power
- 13.2.2 Buyer’s Power
- 13.2.3 Threat of New Entrants
- 13.2.4 Degree of Rivalry
- 13.2.5 Threat of Substitutes
- 13.3 Key Indicators of Demand
- 13.4 Key Indicators of Price
- 14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Company Profile
- 14.2.1 Macquarie Bank Limited
- 14.2.1.1 Company Overview
- 14.2.1.2 Product Portfolio
- 14.2.1.3 Demographic Reach and Achievements
- 14.2.1.4 Certifications
- 14.2.2 National Australia Bank Limited
- 14.2.2.1 Company Overview
- 14.2.2.2 Product Portfolio
- 14.2.2.3 Demographic Reach and Achievements
- 14.2.2.4 Certifications
- 14.2.3 Westpac Banking Corporation
- 14.2.3.1 Company Overview
- 14.2.3.2 Product Portfolio
- 14.2.3.3 Demographic Reach and Achievements
- 14.2.3.4 Certifications
- 14.2.4 CommBank Group
- 14.2.4.1 Company Overview
- 14.2.4.2 Product Portfolio
- 14.2.4.3 Demographic Reach and Achievements
- 14.2.4.4 Certifications
- 14.2.5 Morgan Stanley & Co International plc
- 14.2.5.1 Company Overview
- 14.2.5.2 Product Portfolio
- 14.2.5.3 Demographic Reach and Achievements
- 14.2.5.4 Certifications
- 14.2.6 Shadforth Financial Group Limited
- 14.2.6.1 Company Overview
- 14.2.6.2 Product Portfolio
- 14.2.6.3 Demographic Reach and Achievements
- 14.2.6.4 Certifications
- 14.2.7 Perpetual Limited
- 14.2.7.1 Company Overview
- 14.2.7.2 Product Portfolio
- 14.2.7.3 Demographic Reach and Achievements
- 14.2.7.4 Certifications
- 14.2.8 Others
- 15 Key Trends and Developments in the Market
Pricing
Currency Rates
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