Custody, Asset & Securities Services in the US
Over the five years to 2016, industry revenue is forecast to grow slightly. The Standard & Poor's 500 index (S&P 500) experienced double-digit annual growth for three out of the past five years, increasing the value of many investments in the equity markets. Rising employment and disposable income also bolstered financial planning fees related to insurance policies. IBISWorld estimates the industry's expanding client base and improved asset prices will help drive revenue up in 2016. Still, the continued drop in trade volumes, particularly in equities, poses a growing threat to the industry. Over the five years to 2021, industry revenue is projected to grow at a faster rate than in the previous period. Several recent market developments will likely support future industry growth.
This industry comprises custodial bank and brokerage firms that primarily provide trust, fiduciary and custody services to corporations, investment funds and individuals. Industry operations consist of back-office processes for transacting securities, including settlement, accounting and record keeping. Other services include middle-office support such as securities lending, compliance pricing and performance analytics.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.