Wealth Management Global Market Briefing 2017

The wealth management market comprises establishments engaged in planning, advising and managing various kinds of assets. This market covers financial and investment advice, retirement planning and legal or estate planning but excludes accounting and tax services. Market is the revenue generated from the fees and commissions levied on the assets being managed. This market includes brokerage and custodian charges of the firms.

The largest geographic markets by consumption in the wealth management sector are the America and Europe. The Americas was the largest geographic market in the wealth management industry in 2016, accounting for 55% of the global market. This can be attributed to high presence of assets under management in countries such as the US and Canada. Europe was the second largest geographic market, accounting for 28% of the global market.

The demand for automated or robo advice is growing rapidly in wealth management services. Automated advice is an online wealth management service which provides automated or algorithmic investment advice without any human intervention. This is becoming popular mainly because robo advisors are relatively cheap, compared to traditional wealth management services. Though robo advice is not entirely new, it is recently gaining traction amongst users. According consulting firm Corporate Insight, total assets managed by the 11 leading robo advisors in the US rose 65% during 2014, and registered assets under management (AUM) reached $19 billion.

Wealth Management Market Characteristics 5
Wealth Management Market Historic 6
Wealth Management Market Forecast 7
Wealth Management Market Segmentation 8
Wealth Management Market, Split by Segments, 2016, $ Billion 8
Portfolio Management 8
Funds, Trusts, and Other Financial Vehicles 8
Investment Advice 8
Global Wealth Management, Historic and Forecast, Split by Segment, 2012 – 2020 9
Wealth Management Market Geography Split 10
Global Wealth Management Markets Size, Split by Region, 2016 10
Global Wealth Management Market, Historic and Forecast Growth, By Region, 2012 – 2020 12
Global Wealth Management Market, Split by Country, 2016 13
Global Wealth Management Market, Historic and Forecast Growth Rate, Split by Country, 2012 – 2020 15
Wealth Management Market Competitors 17
Wells Fargo 18
BlackRock 18
Bank of America 19
Wealth Management Market Key Mergers and Acquisitions 20
Wealth Management Market Trends and Strategies 21
Appendix 23
Research Methodology 23
Definitions 24
Abbreviations 25
Currencies 25
The Business Research Company 25
Copyright and Disclaimer 25