After a brief decline in revenue early in the five years to 2014, the Financial Planning and Advice industry is compounding swiftly. Industry revenue is projected to continue to increase over the next five years as capital markets improve. Additionally, as the economy recovers, consumers will feel more comfortable investing their earnings due to higher disposable income, increasing industry demand. Furthermore, the aging of the US population will boost 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 these 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.