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Financial Planning & Advice in the US - Industry Market Research Report

Financial Planning & Advice in the US

The Financial Planning and Advice industry has undergone tremendous growth over the five years to 2019. Greater disposable income, healthy equity and fixed income markets and greater assets under management have propelled industry revenue. Rising employment and disposable income in the US economy have also boosted consumer demand for financial planning services, as individuals seek to grow and retain pools of assets. Over the five years to 2024, revenue is projected to increase as equity and fixed income yields rise. IBISWorld forecasts that the growing number of affluent households and rising equity markets will boost total AUM for the industry and raise revenue generated from management fees. Additionally, the aging of the US population and increased investor uncertainty will heighten demand for financial planning services, as more Americans nearing retirement age will seek professional financial advice.

This industry comprises companies that provide financial planning, financial advice and wealth management to individuals and business clients. Operators also offer advice in conjunction with other activities, such as portfolio management, protection planning and brokerage services. This industry does not include mutual fund companies, hedge funds, discount brokers, insurance brokers or other companies that deliver similar services outside the context of a written financial plan.

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.


  • About this Industry
  • Industry at a Glance
    • Table Key Statistics Snapshot
    • Table Revenue vs. employment growth
    • Table Products and services segmentation (2019)
    • Table Industry Structure
  • Industry Performance
    • Table Per capita disposable income
    • Table Industry revenue
    • Table Life Cycle Stage
  • Products & Markets
    • Table KEY BUYING INDUSTRIES
    • Table KEY SELLING INDUSTRIES
    • Table Products and services segmentation (2019)
    • Table Major market segmentation (2019)
    • Table Business Locations 2019
    • Table Distribution of establishments vs. population
  • Competitive Landscape
    • Table Sector vs. Industry Costs
    • Table Barriers to Entry checklist
  • Major Companies
    • Table Major Players
    • Table Bank of America Corporation (US industry-specific segment) - financial performance
    • Table Morgan Stanley Wealth Management (US industry-specific segment) - financial performance
    • Table Ameriprise Financial Inc. (US industry-specific segment) - financial performance
    • Table Raymond James Financial Inc. (US industry-specific segment) - financial performance
  • Operating Conditions
    • Table Capital Intensity
    • Table Tools of the Trade: Growth Strategies for Success
    • Table Volatility vs. growth
  • Key Statistics
    • Table Industry Data
    • Table Annual Change
    • Table Key Ratios
    • Table Industry Financial Ratios
  • Jargon & Glossary

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