Wealth Management Market is Booming and Predicted to Hit USD 1907.97 Billion by 2028, at 8.9% CAGR

Market Overview:
Global Wealth Management Market size was valued at USD 1050.45 Billion in 2021, and is projected to reach USD 1907.97 Billion by 2028, growing at a CAGR of 8.9% from 2022 to 2028

To meet the demands of wealthy clients, wealth management is an investment advising service that combines investment and financial counselling. It includes retirement planning, accounting and tax services, estate and legal planning, and generally offers a customized approach as part of the portfolio of wealth services. It also entails delivering strategies to attain certain financial goals over the course of time. These services are mostly provided to high net worth individuals (HNIs) who have a dedicated wealth manager assigned to them who actively engages in making fund allocation suggestions to investors.

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Market Dynamics
Driver:
The primary factors propelling the global wealth management industry include the rapid demand for alternative assets such private equity, commodities, hedge funds, real estate investment trusts (REITs), and intellectual property. In addition, the emergence of FinTechs (financial technology) has significantly disrupted the wealth management industry. Major advantages offered by wealth management, such as assisting in reducing financial stress and developing financial plans, as well as the widespread adoption of digitalized offerings, are boosting market growth.

Opportunities:
As many high net worth and ultra-high net worth individuals continue to demand wealth management product lines, particularly in emerging economies like China, India, Indonesia, Malaysia, the Philippines, Taiwan, and Thailand, developing economies present significant opportunities for wealth management companies to expand their offerings. Additionally, wealth management companies are quickly converting their business operations to be run digitally. As a result, adoption & implementation of technologies like chatbots, big data analytics, IoT, and artificial intelligence (AI) has increased significantly, which is expected to create new market opportunities in the years to come.

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Market Segmentation
By Service
• Financial Planning
• Asset Allocation
• Asset Management
• Estate Planning
• Tax Accounting

By Advisory Type
• Human Advisory
• Robo Advisory
• Hybrid Advisory

By Provider
• Banks
• Investment Management Firms
• Fintech Advisors
• Others

By End User
• High Net Worth Individuals (Hni's)
• Business Institutions
• Other End Users

Regional Analysis Of Wealth Management Market
Asia Pacific will remain the dominating region with help of its prodigious technological advancements in advisory service, digitization of advisory platform and software services in private wealth management. Adoption of ingenious technologies such as robo advisors, chatbots, IoT, and artificial intelligence (AI) in countries like China, India, etc. are driving the growth of wealth management market in the region. Emerging economies of Asia Pacific offer significant opportunities for companies in the wealth management market with high demand for wealth management service from High Net Worth Individuals (HNI's). Also, the increase in number of wealth management software companies in Asia Pacific will result in increased regional market share during the forecast period.
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

Top Key Players Covered In the Wealth Management Market
• UBS Group AG (Switzerland)
• Morgan Stanley Wealth Management (USA)
• SBERBANK (Russia)
• Credit Suisse(Switzerland)
• State Bank of India (India)
• Bank of America Global Wealth and Investment Management (USA)
• J.P. Morgan Private Bank (USA)
• Citi Private Bank (USA)
• BNP Paribas Wealth Management (France)
• Goldman Sachs (USA)
• Charles Schwab (USA) and Other Key Players

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Key Industry Developments in the Wealth Management Market
In November 2022, UBS AG launches the world's first digital bond that is publicly traded and settled on both blockchain-based and traditional exchanges. This digital bond holds the same instrument structure, legal status and rating as that of traditional UBS AG senior unsecured note but this newly launched bond is the first ever digital bond by a banking institution globally that will be listed, traded and settled on a regulated digital exchange.

Questions Answered by the Report:
• Which are the dominant players of the global Wealth Management market?
• What will be the size of the global Wealth Management market in the coming years?
• Which segment will lead the global Wealth Management market?
• How will the market development trends change in the next five years?
• What is the nature of the competitive landscape of the global Wealth Management market?
• What are the go-to strategies adopted in the global Wealth Management market?

Table Of Content
Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Service
 3.2 By Advisory Type
 3.3 By Provider
 3.4 By End User

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Wealth Management Market by Service
 5.1 Wealth Management Market Overview Snapshot and Growth Engine
 5.2 Wealth Management Market Overview
 5.3 Financial Planning
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Financial Planning: Geographic Segmentation
 5.4 Asset Allocation
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Asset Allocation: Geographic Segmentation
 5.5 Asset Management
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Asset Management: Geographic Segmentation
 5.6 Estate Planning
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size (2016-2028F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Estate Planning: Geographic Segmentation
 5.7 Tax Accounting
  5.7.1 Introduction and Market Overview
  5.7.2 Historic and Forecasted Market Size (2016-2028F)
  5.7.3 Key Market Trends, Growth Factors and Opportunities
  5.7.4 Tax Accounting: Geographic Segmentation

Chapter 6: Wealth Management Market by Advisory Type
 6.1 Wealth Management Market Overview Snapshot and Growth Engine
 6.2 Wealth Management Market Overview
 6.3 Human Advisory
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Human Advisory: Geographic Segmentation
 6.4 Robo Advisory
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Robo Advisory: Geographic Segmentation
 6.5 Hybrid Advisory
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2016-2028F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Hybrid Advisory: Geographic Segmentation
Continue.

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