Wealth management industry in the US to reach $5.9B by 2026

reogma|Wealth management industry in the US to reach $5.9B by 2026

In the global scenario, North America is one of the most prominent economy regions in the wealth management. The region is expected to grow at a CAGR or 5.7% in 2017-2023 period which is second highest growth rate after APAC region.

  • Definition / Scope
  • Market Overview
  • Top Market Opportunities
  • Market Trends
  • Industry Challenges
  • Technology Trends
  • Pricing Trends
  • Regulatory Trends
  • Other Key Market Trends
  • Market Size and Forecast
  • Market Outlook
  • Technology Roadmap
  • Distribution Chain Analysis
  • Competitive Landscape
  • Competitive Factors
  • Key Market Players
  • Strategic Conclusion
  • References

Definition / Scope

Wealth management is an investment/asset advisory/management service that combines other financial services to fulfill the needs of affluent clients. The process is consultative and one where advisor gains relevant information about the clients' needs and return expectations and devises a strategy to utilize their assets in best possible manner. The firms especially make use of financial products/services to do so.

A wealth management advisor is one who professionally utilizes the range of financial services/products available in the market, such as, financial and investment advice, legal or estate planning, accounting and tax services, and retirement planning, to manage an affluent client's wealth for a certain amount of fee.

The size and growth of the global wealth management market is very attractive. As of 2018, the market for net investable assets already exceeds $55,000 billion. The market is further expected to grow at a CAGR of 4.1% reaching $69,607 billion by 2021.

In addition, US captures the highest market shares worth $5.25 trillion (38%) among all regions in 2018 with China closely following behind with $1.31 trillion worth investible assets (9%) respectively.

During 2017-2021 period, from a regional perspective, we expect North America is expected to encounter highest growth in NIA. Although this region is mature in the industry, the growth is around 4.4% which is quite good compared with global growth of 4.7%.

The pursuit of personal success and a healthy risk appetite are some of the factors in the corporate culture of the firms in the region that is expected to drive private wealth accumulation.

reogma|Wealth management industry in the US to reach $5.9B by 2026


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In the global scenario, North America is one of the most prominent economy regions in the wealth management. The region is expected to grow at a CAGR or 5.7% in 2017-2023 period which is second highest growth rate after APAC region. Definition / Scope Market Overview Top Market Opportunities Market […]
reogma|Wealth management industry in the US to reach $5.9B by 2026reogma|Wealth management industry in the US to reach $5.9B by 2026

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