Wealth Management - Worldwide
Worldwide- Assets under Management in the Wealth Management market are projected to reach US$158.67tn in 2026.
- Financial Advisory dominates the market with a projected market volume of US$155.57tn in 2026.
- Assets under Management are expected to show an annual growth rate (CAGR 2026-2031) of 6.50%, resulting in a market volume of US$217.44tn by 2031.
Definition:
Wealth management is a service provided by financial institutions, such as banks or investment firms, to help individuals manage their money and investments. The goal of wealth management is to help people grow and protect their wealth over time, by creating personalized investment plans that consider their financial goals, risk tolerance, and overall financial situation. This goal ultimately emphasizes wealth creation through wealth preservation.
Structure:
The Wealth Management market consists of two different segments, Financial Advisory and Digital Investment. Financial Advisory covers traditional financial advisory services and provides a broader look into the revenue generated by this offering. Digital Investment contains automated investment services (Robo-Advisors) and online trading services (Neobrokers) that go beyond the means of traditional financial advisory services.
Additional information:
The market comprises of revenues, number of advisors, average revenue per advisor, assets under management (AUM), users, average revenue per user, and average AUM per user. Revenues are generated through the financial advisory services offered by the financial institutions within the Wealth Management market space. The market only displays B2C revenues and users for the above-mentioned segments and subsegments; B2B and B2G revenues are not included. Additional definitions for each segment can be found on the respective segment pages.
Market numbers for Digital Investment are also featured among our digital markets, namely in the Digital Investment segment of the Fintech market.
Key players in the market include financial institutions such as BlackRock, Vanguard Group, Fidelity Investments, State Street Global, and J.P. Morgan Chase & Co.
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- Traditional & Digital Wealth Management (non-automated & automated wealth management services)
- Traditional Investment, incl. Financial Advisors
- Banks, Financial Institutions, and Financial Services Companies
- Digital Investment, incl. Robo-advisors and Neobrokers
- Full-Service Products for Investing and Trading
- Retail/Non-Professional Investors
- Commercial Assets or Assets Under Custody
- Independent Financial Advisory Companies
- Independent Financial Advisors (IFAs)
- Full-Service Products for Insurance and Lending
Assets Under Management (AUM)
Financial Advisors
Analyst Opinion
Due to the strength of the world’s equity markets, the Wealth Management market has seen unprecedented growth in recent decades, especially in the United States which currently leads and holds the helm. Although global markets have entered an era of greater uncertainty from past and new forces taking hold, the future still presents multiple opportunities for those dynamic enough to exploit current trends in the industry.
The use of technology has had a significant impact on the market. With the rise of digital platforms and robo-advisors, investors now have access to more personalized and affordable investment advice. Technology has also enabled wealth managers to provide more efficient and streamlined services, such as online portfolio management and mobile access to investment accounts. However, in light of all this, traditional wealth management still holds a massive share in the market compared to its digital counterpart which is rapidly growing due to its recent emergence and crucial adoption in the overall market.
The demographic makeup of investors is also changing with more women and younger generations entering the market. This shift is driving a demand for more socially responsible and sustainable investment options. Wealth managers are increasingly offering products that align with these values to provide investors with a sense of purpose that goes beyond financial returns. The market is also subject to increasing regulatory scrutiny, particularly in the areas of investor protection and fee transparency. This has led to a greater focus on compliance and regulatory requirements among wealth managers and has also increased the demand for independent financial advice.
Overall, these trends are shaping the future of the Wealth Management market, and the next big challenge for market players is adapting their strategies and offerings to meet the changing needs of investors as new trends continue to accelerate and evolve, which will correlate with new winners and losers beginning to emerge.
Methodology
Data coverage:
The data encompasses B2C enterprises. The figures are based on gross revenues, assets under management, and user & advisor data of relevant services and products offered within the Wealth Management market.Modeling approach / Market size:
Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players, industry reports, third-party reports, publicly available databases, and survey results from primary research activities (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as: GDP, gross national income (GNI), consumer spending, total investment (% of GDP), high income (% of population), and number of high-net-worth individuals (HNWI). This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.Additional notes:
The market is updated twice a year in case market dynamics change. The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development).Explore more high-quality data on related topic
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