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DUBLIN, April 5, 2022 /PRNewswire/ — The "Wealth Management Global Market Opportunities And Strategies To 2030, By Type of Asset Class, Advisory Mode, Type of Wealth Manager, Enterprise Size, Type of Client, Service Element" report has been added to ResearchAndMarkets.com’s offering.
The wealth management market reached a value of nearly $475.9 billion in 2020, having increased at a compound annual growth rate (CAGR) of 4.8% since 2015. The market is expected to grow from $475.8 billion in 2020 to $730.7 billion in 2025 at a rate of 9.0%. The market is then expected to grow at a CAGR of 8.8% from 2025 and reach $1,116.1 billion in 2030.
Growth in the historic period resulted from strong emerging markets growth, growth in the number of high-net-worth individuals, digitization and increased internet penetration.
Going forward, increasing retiree population, increasing wealth of high-net-worth individuals, rising demand for alternative investments, growth in individual investors investments and increase in internet penetration will drive the growth. Factors that could hinder the growth of the wealth management market in the future include the COVID-19 pandemic, fintech firms, wide range of services offered by asset managers and passive investments.
The wealth management market is segmented by segmented by type of asset class into equity, fixed income and alternative assets and others. The fixed income market was the largest segment of the wealth management market segmented by type of asset class, accounting for 64.8% of the total in 2020. Going forward, the fixed income market is expected to be the fastest growing segment in the wealth management market segmented by type of asset class, at a CAGR of 9.2% during 2020-2025.
The wealth management market is segmented by advisory mode into human advisory, robo advisory and hybrid. The human advisory market was the largest segment of the wealth management market segmented by advisory mode, accounting for 97.7% of the total in 2020. Going forward, the robo advisory is expected to be the fastest growing segment in the wealth management market segmented by advisory mode, at a CAGR of 20.5% during 2020-2025.
The wealth management market is segmented by type of wealth management firm into private banks, investment managers, full service wealth managers, stockbrokers and others. The private banks market was the largest segment of the wealth management market segmented by wealth management firm, accounting for 41.1% of the total in 2020. Going forward, the others market is expected to be the fastest growing segment in the wealth management market segmented by wealth management firm, at a CAGR of 12.1% during 2020-2025.
The wealth management market is segmented by enterprise size into large enterprises and medium and small enterprises. The large enterprises market was the largest segment of the wealth management market segmented by enterprise size, accounting for 60.7% of the total in 2020. Going forward, the medium and small enterprises market is expected to be the fastest growing segment in the wealth management market segmented by enterprise size, at a CAGR of 9.4% during 2020-2025.
The wealth management market is segmented by type of client into pension funds, insurance companies, and sovereign wealth fund (SWF), High-Net worth Individual (HNWI) and mass affluent market. The mass affluent market was the largest segment of the wealth management market segmented by type of client, accounting for 45.2% of the total in 2020. Going forward, the sovereign wealth fund (SWF) market is expected to be the fastest growing segment in the wealth management market segmented by type of client, at a CAGR of 10.6% during 2020-2025.
North America was the largest region in the wealth management market, accounting for 53.7% of the total in 2020. It was followed by Western Europe, and then the other regions. Going forward, the fastest-growing regions in the wealth management market will be Asia Pacific, and, Western Europe where growth will be at CAGRs of 9.62% and 9.61% respectively. These will be followed by Africa, and North America, where the markets are expected to grow at CAGRs of 8.9% and 8.6% respectively.
The wealth management market is fragmented, with a large number of players. The top ten competitors in the market made up to 24.74% of the total market in 2020. The market is highly competitive due to regulatory, intense price competition and other infrastructure challenges.
This fragmentation is mainly due to the presence of a large financial institutions, brokerage firms, investment banking companies, and local merchant banks and other banks who provide the similar products and services local customers and industries.
Morgan Stanley was the largest competitor with 4.00% of the market, followed by Bank of America Corporation with 3.91%, UBS Group AG with 3.58%, Wells Fargo & Company with 3.05%, JPMorgan Chase & Co. with 2.99%, Citigroup Inc. with 2.52%, HSBC Holdings plc with 1.64%, The Goldman Sachs Group, Inc. with 1.26%, Credit Suisse Group AG with 1.04% and Industrial and BNP Paribas with 0.74%.
Key Topics Covered:
1. Wealth Management Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction
6.1. Segmentation By Geography
6.2. Segmentation By Type Of Asset Class
6.3. Segmentation By Advisory Mode
6.4. Segmentation By Type Of Wealth Manager
6.5. Segmentation By Enterprise Size
6.6. Segmentation By Service Element
6.7. Segmentation By Type Of Client
7. Wealth Management Market Characteristics
7.1. Market Definition
7.2. Market Segmentation By Type Of Asset Class
7.2.1. Equity
7.2.2. Fixed Income
7.2.3. Alternative Assets And Others
7.3. Market Segmentation By Advisory Mode
7.3.1. Human Advisory
7.3.2. Robo Advisory
7.3.3. Hybrid Advisory
7.4. Market Segmentation By Type Of Wealth Manager
7.4.1. Private Banks
7.4.2. Investment Managers
7.4.3. Full Service Wealth Managers
7.4.4. Stockbrokers
7.4.5. Others
7.5. Market Segmentation By Enterprise Size
7.5.1. Large Enterprises
7.5.2. Medium And Small Enterprises
7.6. Segmentation By Type Of Client
7.6.1. Pension Funds
7.6.2. Insurance Companies
7.6.3. Sovereign Wealth Fund (SWF)
7.6.4. High-Net-Worth Individual (HNWI)
7.6.5. Mass Affluent
7.7. Market Segmentation By Service Element
7.7.1. Asset Management
7.7.2. Portfolio Management And Investment Advisory
7.7.3. Funds, Trusts And Other Financial Vehicles
8. Wealth Management Market, Supply Chain Analysis
8.1. Resources
8.1.1. Real Estate, Building And Infrastructure Developers
8.1.2. Office Equipment And Utilities Suppliers
8.1.3. Hardware And Software Suppliers
8.1.4. Human Resources
8.2. Wealth Management Service Providers
8.3. Other Service Providers
8.4. End-Users
9. Wealth Management Market, Product/Service Analysis -Product/Service Examples
10. Wealth Management Market Customer Information
10.1. Change In Client Beliefs Due To COVID-19
10.2. Wealth Managers Expanding Investments In Different Asset Classes
10.3. Clients Preferences On Types And Ways Of Advice For Wealth Management
10.4. Reevaluation Of Wealth Management Providers More Likely During Major Life Events
10.5. Switching Behavior Among Wealth Management Clients
10.6. Role Of Research In Wealth Management
10.7. Investing Attitudes Among Women
10.8. Use Of Digital Technology By Wealth Management Companies In Hong Kong
11. Wealth Management Market Trends And Strategies
11.1. Artificial Intelligence In Wealth Management
11.2. Cybersecurity
11.3. Focus On Hybrid Wealth Management Services
11.4. Growing Popularity Of Automated Advice
11.5. Wealth Management Companies Investing In Big Data Analytics
11.6. Impact Of Changing Demographics On Wealth Management
11.7. Ethical Investing
11.8. Personalized Services
11.9. Partnerships And Acquisitions
12. Impact Of COVID-19 On The Wealth Management Market
12.1. Introduction
12.2. Impact On Wealth Management Companies And Investors
12.3. Rising Demand For Advice And Experience
12.4. Changes In Clients’ Attitude
12.5. Future Outlook
13. Global Wealth Management Market Size And Growth
13.1. Market Size
13.2. Historic Market Growth, 2015 – 2020, Value ($ Billion)
13.2.1. Drivers Of The Market 2015 – 2020
13.2.2. Restraints On The Market 2015 – 2020
13.3. Forecast Market Growth, 2020 – 2025, 2030F, Value ($ Billion)
13.3.1. Drivers Of The Market 2020 – 2025
13.3.2. Restraints On The Market 2020 – 2025
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/m3krgk
Media Contact:
Research and Markets
Laura Wood, Senior Manager
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