Global Wealth Management Market Research Report 2023

The increasing use of SWIFT (Society for Worldwide Interbank Financial Telecommunication) services is expected to lead to process automation across the globe, which in turn would facilitate the systematic transfer plan by cutting the costs and risks associated with it. This will help in increasing client protection and the stability of the financial system; thus, leading to market growth.

The global Wealth Management market was valued at US$ 962690 million in 2022 and is anticipated to reach US$ 1444730 million by 2029, witnessing a CAGR of 7.0% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Constant rise in the number of global High Net Worth Individuals (HNWIs) and compliance with stringent industry regulations are expected to drive the wealth management platform market.

This report aims to provide a comprehensive presentation of the global market for Wealth Management, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Wealth Management.

The Wealth Management market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Wealth Management market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Wealth Management companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

1.1 Study Scope

1.2 Market Analysis by Type

1.2.1 Global Wealth Management Market Size Growth Rate by Type: 2018 VS 2022 VS 2029

1.2.2 Human Advisory

1.2.3 Robo Advisory

1.2.4 Hybrid Advisory

1.3 Market by Application

1.3.1 Global Wealth Management Market Growth by Application: 2018 VS 2022 VS 2029

1.3.2 Banks

1.3.3 Investment Management Firms

1.3.4 Trading and Exchange Firms

1.3.5 Brokerage Firms

1.3.6 Others

1.4 Study Objectives

1.5 Years Considered

1.6 Years Considered

2.1 Global Wealth Management Market Perspective (2018-2029)

2.2 Wealth Management Growth Trends by Region

2.2.1 Global Wealth Management Market Size by Region: 2018 VS 2022 VS 2029

2.2.2 Wealth Management Historic Market Size by Region (2018-2023)

2.2.3 Wealth Management Forecasted Market Size by Region (2024-2029)

2.3 Wealth Management Market Dynamics

2.3.1 Wealth Management Industry Trends

2.3.2 Wealth Management Market Drivers

2.3.3 Wealth Management Market Challenges

2.3.4 Wealth Management Market Restraints

3.1 Global Top Wealth Management Players by Revenue

3.1.1 Global Top Wealth Management Players by Revenue (2018-2023)

3.1.2 Global Wealth Management Revenue Market Share by Players (2018-2023)

3.2 Global Wealth Management Market Share by Company Type (Tier 1, Tier 2, and Tier 3)

3.3 Players Covered: Ranking by Wealth Management Revenue

3.4 Global Wealth Management Market Concentration Ratio

3.4.1 Global Wealth Management Market Concentration Ratio (CR5 and HHI)

3.4.2 Global Top 10 and Top 5 Companies by Wealth Management Revenue in 2022

3.5 Wealth Management Key Players Head office and Area Served

3.6 Key Players Wealth Management Product Solution and Service

3.7 Date of Enter into Wealth Management Market

3.8 Mergers & Acquisitions, Expansion Plans

4.1 Global Wealth Management Historic Market Size by Type (2018-2023)

4.2 Global Wealth Management Forecasted Market Size by Type (2024-2029)

5.1 Global Wealth Management Historic Market Size by Application (2018-2023)

5.2 Global Wealth Management Forecasted Market Size by Application (2024-2029)

6.1 North America Wealth Management Market Size (2018-2029)

6.2 North America Wealth Management Market Growth Rate by Country: 2018 VS 2022 VS 2029

6.3 North America Wealth Management Market Size by Country (2018-2023)

6.4 North America Wealth Management Market Size by Country (2024-2029)

6.5 United States

6.6 Canada

7.1 Europe Wealth Management Market Size (2018-2029)

7.2 Europe Wealth Management Market Growth Rate by Country: 2018 VS 2022 VS 2029

7.3 Europe Wealth Management Market Size by Country (2018-2023)

7.4 Europe Wealth Management Market Size by Country (2024-2029)

7.5 Germany

7.6 France

7.7 U.K.

7.8 Italy

7.9 Russia

7.10 Nordic Countries

8.1 Asia-Pacific Wealth Management Market Size (2018-2029)

8.2 Asia-Pacific Wealth Management Market Growth Rate by Region: 2018 VS 2022 VS 2029

8.3 Asia-Pacific Wealth Management Market Size by Region (2018-2023)

8.4 Asia-Pacific Wealth Management Market Size by Region (2024-2029)

8.5 China

8.6 Japan

8.7 South Korea

8.8 Southeast Asia

8.9 India

8.10 Australia

9.1 Latin America Wealth Management Market Size (2018-2029)

9.2 Latin America Wealth Management Market Growth Rate by Country: 2018 VS 2022 VS 2029

9.3 Latin America Wealth Management Market Size by Country (2018-2023)

9.4 Latin America Wealth Management Market Size by Country (2024-2029)

9.5 Mexico

9.6 Brazil

10.1 Middle East & Africa Wealth Management Market Size (2018-2029)

10.2 Middle East & Africa Wealth Management Market Growth Rate by Country: 2018 VS 2022 VS 2029

10.3 Middle East & Africa Wealth Management Market Size by Country (2018-2023)

10.4 Middle East & Africa Wealth Management Market Size by Country (2024-2029)

10.5 Turkey

10.6 Saudi Arabia

10.7 UAE

11.1 BlackRock

11.1.1 BlackRock Company Detail

11.1.2 BlackRock Business Overview

11.1.3 BlackRock Wealth Management Introduction

11.1.4 BlackRock Revenue in Wealth Management Business (2018-2023)

11.1.5 BlackRock Recent Development

11.2 UBS

11.2.1 UBS Company Detail

11.2.2 UBS Business Overview

11.2.3 UBS Wealth Management Introduction

11.2.4 UBS Revenue in Wealth Management Business (2018-2023)

11.2.5 UBS Recent Development

11.3 Allianz

11.3.1 Allianz Company Detail

11.3.2 Allianz Business Overview

11.3.3 Allianz Wealth Management Introduction

11.3.4 Allianz Revenue in Wealth Management Business (2018-2023)

11.3.5 Allianz Recent Development

11.4 Vanguard Group

11.4.1 Vanguard Group Company Detail

11.4.2 Vanguard Group Business Overview

11.4.3 Vanguard Group Wealth Management Introduction

11.4.4 Vanguard Group Revenue in Wealth Management Business (2018-2023)

11.4.5 Vanguard Group Recent Development

11.5 State Street Global Advisors

11.5.1 State Street Global Advisors Company Detail

11.5.2 State Street Global Advisors Business Overview

11.5.3 State Street Global Advisors Wealth Management Introduction

11.5.4 State Street Global Advisors Revenue in Wealth Management Business (2018-2023)

11.5.5 State Street Global Advisors Recent Development

11.6 PIMCO

11.6.1 PIMCO Company Detail

11.6.2 PIMCO Business Overview

11.6.3 PIMCO Wealth Management Introduction

11.6.4 PIMCO Revenue in Wealth Management Business (2018-2023)

11.6.5 PIMCO Recent Development

11.7 Fidelity Investments

11.7.1 Fidelity Investments Company Detail

11.7.2 Fidelity Investments Business Overview

11.7.3 Fidelity Investments Wealth Management Introduction

11.7.4 Fidelity Investments Revenue in Wealth Management Business (2018-2023)

11.7.5 Fidelity Investments Recent Development

11.8 AXA

11.8.1 AXA Company Detail

11.8.2 AXA Business Overview

11.8.3 AXA Wealth Management Introduction

11.8.4 AXA Revenue in Wealth Management Business (2018-2023)

11.8.5 AXA Recent Development

11.9 Credit Suisse

11.9.1 Credit Suisse Company Detail

11.9.2 Credit Suisse Business Overview

11.9.3 Credit Suisse Wealth Management Introduction

11.9.4 Credit Suisse Revenue in Wealth Management Business (2018-2023)

11.9.5 Credit Suisse Recent Development

11.10 BNY Mellon

11.10.1 BNY Mellon Company Detail

11.10.2 BNY Mellon Business Overview

11.10.3 BNY Mellon Wealth Management Introduction

11.10.4 BNY Mellon Revenue in Wealth Management Business (2018-2023)

11.10.5 BNY Mellon Recent Development

11.11 Credit Agricole

11.11.1 Credit Agricole Company Detail

11.11.2 Credit Agricole Business Overview

11.11.3 Credit Agricole Wealth Management Introduction

11.11.4 Credit Agricole Revenue in Wealth Management Business (2018-2023)

11.11.5 Credit Agricole Recent Development

11.12 Capital

11.12.1 Capital Company Detail

11.12.2 Capital Business Overview

11.12.3 Capital Wealth Management Introduction

11.12.4 Capital Revenue in Wealth Management Business (2018-2023)

11.12.5 Capital Recent Development

11.13 DWS

11.13.1 DWS Company Detail

11.13.2 DWS Business Overview

11.13.3 DWS Wealth Management Introduction

11.13.4 DWS Revenue in Wealth Management Business (2018-2023)

11.13.5 DWS Recent Development

13.1 Research Methodology

13.1.1 Methodology/Research Approach

13.1.2 Data Source

13.2 Disclaimer

13.3 Author Details

List of Tables

    Table 1. Global Wealth Management Market Size Growth Rate by Type (US$ Million): 2018 VS 2022 VS 2029

    Table 2. Key Players of Human Advisory

    Table 3. Key Players of Robo Advisory

    Table 4. Key Players of Hybrid Advisory

    Table 5. Global Wealth Management Market Size Growth by Application (US$ Million): 2018 VS 2022 VS 2029

    Table 6. Global Wealth Management Market Size by Region (US$ Million): 2018 VS 2022 VS 2029

    Table 7. Global Wealth Management Market Size by Region (2018-2023) & (US$ Million)

    Table 8. Global Wealth Management Market Share by Region (2018-2023)

    Table 9. Global Wealth Management Forecasted Market Size by Region (2024-2029) & (US$ Million)

    Table 10. Global Wealth Management Market Share by Region (2024-2029)

    Table 11. Wealth Management Market Trends

    Table 12. Wealth Management Market Drivers

    Table 13. Wealth Management Market Challenges

    Table 14. Wealth Management Market Restraints

    Table 15. Global Wealth Management Revenue by Players (2018-2023) & (US$ Million)

    Table 16. Global Wealth Management Market Share by Players (2018-2023)

    Table 17. Global Top Wealth Management Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Wealth Management as of 2022)

    Table 18. Ranking of Global Top Wealth Management Companies by Revenue (US$ Million) in 2022

    Table 19. Global 5 Largest Players Market Share by Wealth Management Revenue (CR5 and HHI) & (2018-2023)

    Table 20. Key Players Headquarters and Area Served

    Table 21. Key Players Wealth Management Product Solution and Service

    Table 22. Date of Enter into Wealth Management Market

    Table 23. Mergers & Acquisitions, Expansion Plans

    Table 24. Global Wealth Management Market Size by Type (2018-2023) & (US$ Million)

    Table 25. Global Wealth Management Revenue Market Share by Type (2018-2023)

    Table 26. Global Wealth Management Forecasted Market Size by Type (2024-2029) & (US$ Million)

    Table 27. Global Wealth Management Revenue Market Share by Type (2024-2029)

    Table 28. Global Wealth Management Market Size by Application (2018-2023) & (US$ Million)

    Table 29. Global Wealth Management Revenue Market Share by Application (2018-2023)

    Table 30. Global Wealth Management Forecasted Market Size by Application (2024-2029) & (US$ Million)

    Table 31. Global Wealth Management Revenue Market Share by Application (2024-2029)

    Table 32. North America Wealth Management Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 33. North America Wealth Management Market Size by Country (2018-2023) & (US$ Million)

    Table 34. North America Wealth Management Market Size by Country (2024-2029) & (US$ Million)

    Table 35. Europe Wealth Management Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 36. Europe Wealth Management Market Size by Country (2018-2023) & (US$ Million)

    Table 37. Europe Wealth Management Market Size by Country (2024-2029) & (US$ Million)

    Table 38. Asia-Pacific Wealth Management Market Size Growth Rate by Region (US$ Million): 2018 VS 2022 VS 2029

    Table 39. Asia-Pacific Wealth Management Market Size by Region (2018-2023) & (US$ Million)

    Table 40. Asia-Pacific Wealth Management Market Size by Region (2024-2029) & (US$ Million)

    Table 41. Latin America Wealth Management Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 42. Latin America Wealth Management Market Size by Country (2018-2023) & (US$ Million)

    Table 43. Latin America Wealth Management Market Size by Country (2024-2029) & (US$ Million)

    Table 44. Middle East & Africa Wealth Management Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 45. Middle East & Africa Wealth Management Market Size by Country (2018-2023) & (US$ Million)

    Table 46. Middle East & Africa Wealth Management Market Size by Country (2024-2029) & (US$ Million)

    Table 47. BlackRock Company Detail

    Table 48. BlackRock Business Overview

    Table 49. BlackRock Wealth Management Product

    Table 50. BlackRock Revenue in Wealth Management Business (2018-2023) & (US$ Million)

    Table 51. BlackRock Recent Development

    Table 52. UBS Company Detail

    Table 53. UBS Business Overview

    Table 54. UBS Wealth Management Product

    Table 55. UBS Revenue in Wealth Management Business (2018-2023) & (US$ Million)

    Table 56. UBS Recent Development

    Table 57. Allianz Company Detail

    Table 58. Allianz Business Overview

    Table 59. Allianz Wealth Management Product

    Table 60. Allianz Revenue in Wealth Management Business (2018-2023) & (US$ Million)

    Table 61. Allianz Recent Development

    Table 62. Vanguard Group Company Detail

    Table 63. Vanguard Group Business Overview

    Table 64. Vanguard Group Wealth Management Product

    Table 65. Vanguard Group Revenue in Wealth Management Business (2018-2023) & (US$ Million)

    Table 66. Vanguard Group Recent Development

    Table 67. State Street Global Advisors Company Detail

    Table 68. State Street Global Advisors Business Overview

    Table 69. State Street Global Advisors Wealth Management Product

    Table 70. State Street Global Advisors Revenue in Wealth Management Business (2018-2023) & (US$ Million)

    Table 71. State Street Global Advisors Recent Development

    Table 72. PIMCO Company Detail

    Table 73. PIMCO Business Overview

    Table 74. PIMCO Wealth Management Product

    Table 75. PIMCO Revenue in Wealth Management Business (2018-2023) & (US$ Million)

    Table 76. PIMCO Recent Development

    Table 77. Fidelity Investments Company Detail

    Table 78. Fidelity Investments Business Overview

    Table 79. Fidelity Investments Wealth Management Product

    Table 80. Fidelity Investments Revenue in Wealth Management Business (2018-2023) & (US$ Million)

    Table 81. Fidelity Investments Recent Development

    Table 82. AXA Company Detail

    Table 83. AXA Business Overview

    Table 84. AXA Wealth Management Product

    Table 85. AXA Revenue in Wealth Management Business (2018-2023) & (US$ Million)

    Table 86. AXA Recent Development

    Table 87. Credit Suisse Company Detail

    Table 88. Credit Suisse Business Overview

    Table 89. Credit Suisse Wealth Management Product

    Table 90. Credit Suisse Revenue in Wealth Management Business (2018-2023) & (US$ Million)

    Table 91. Credit Suisse Recent Development

    Table 92. BNY Mellon Company Detail

    Table 93. BNY Mellon Business Overview

    Table 94. BNY Mellon Wealth Management Product

    Table 95. BNY Mellon Revenue in Wealth Management Business (2018-2023) & (US$ Million)

    Table 96. BNY Mellon Recent Development

    Table 97. Credit Agricole Company Detail

    Table 98. Credit Agricole Business Overview

    Table 99. Credit Agricole Wealth Management Product

    Table 100. Credit Agricole Revenue in Wealth Management Business (2018-2023) & (US$ Million)

    Table 101. Credit Agricole Recent Development

    Table 102. Capital Company Detail

    Table 103. Capital Business Overview

    Table 104. Capital Wealth Management Product

    Table 105. Capital Revenue in Wealth Management Business (2018-2023) & (US$ Million)

    Table 106. Capital Recent Development

    Table 107. DWS Company Detail

    Table 108. DWS Business Overview

    Table 109. DWS Wealth Management Product

    Table 110. DWS Revenue in Wealth Management Business (2018-2023) & (US$ Million)

    Table 111. DWS Recent Development

    Table 112. Research Programs/Design for This Report

    Table 113. Key Data Information from Secondary Sources

    Table 114. Key Data Information from Primary Sources

List of Figures

    Figure 1. Global Wealth Management Market Size Comparison by Type (2023-2029) & (US$ Million)

    Figure 2. Global Wealth Management Market Share by Type: 2022 VS 2029

    Figure 3. Human Advisory Features

    Figure 4. Robo Advisory Features

    Figure 5. Hybrid Advisory Features

    Figure 6. Global Wealth Management Market Size Comparison by Application (2023-2029) & (US$ Million)

    Figure 7. Global Wealth Management Market Share by Application: 2022 VS 2029

    Figure 8. Banks Case Studies

    Figure 9. Investment Management Firms Case Studies

    Figure 10. Trading and Exchange Firms Case Studies

    Figure 11. Brokerage Firms Case Studies

    Figure 12. Others Case Studies

    Figure 13. Wealth Management Report Years Considered

    Figure 14. Global Wealth Management Market Size (US$ Million), Year-over-Year: 2018-2029

    Figure 15. Global Wealth Management Market Size, (US$ Million), 2018 VS 2022 VS 2029

    Figure 16. Global Wealth Management Market Share by Region: 2022 VS 2029

    Figure 17. Global Wealth Management Market Share by Players in 2022

    Figure 18. Global Top Wealth Management Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Wealth Management as of 2022)

    Figure 19. The Top 10 and 5 Players Market Share by Wealth Management Revenue in 2022

    Figure 20. North America Wealth Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 21. North America Wealth Management Market Share by Country (2018-2029)

    Figure 22. United States Wealth Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 23. Canada Wealth Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 24. Europe Wealth Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 25. Europe Wealth Management Market Share by Country (2018-2029)

    Figure 26. Germany Wealth Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 27. France Wealth Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 28. U.K. Wealth Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 29. Italy Wealth Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 30. Russia Wealth Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 31. Nordic Countries Wealth Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 32. Asia-Pacific Wealth Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 33. Asia-Pacific Wealth Management Market Share by Region (2018-2029)

    Figure 34. China Wealth Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 35. Japan Wealth Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 36. South Korea Wealth Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 37. Southeast Asia Wealth Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 38. India Wealth Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 39. Australia Wealth Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 40. Latin America Wealth Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 41. Latin America Wealth Management Market Share by Country (2018-2029)

    Figure 42. Mexico Wealth Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 43. Brazil Wealth Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 44. Middle East & Africa Wealth Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 45. Middle East & Africa Wealth Management Market Share by Country (2018-2029)

    Figure 46. Turkey Wealth Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 47. Saudi Arabia Wealth Management Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 48. BlackRock Revenue Growth Rate in Wealth Management Business (2018-2023)

    Figure 49. UBS Revenue Growth Rate in Wealth Management Business (2018-2023)

    Figure 50. Allianz Revenue Growth Rate in Wealth Management Business (2018-2023)

    Figure 51. Vanguard Group Revenue Growth Rate in Wealth Management Business (2018-2023)

    Figure 52. State Street Global Advisors Revenue Growth Rate in Wealth Management Business (2018-2023)

    Figure 53. PIMCO Revenue Growth Rate in Wealth Management Business (2018-2023)

    Figure 54. Fidelity Investments Revenue Growth Rate in Wealth Management Business (2018-2023)

    Figure 55. AXA Revenue Growth Rate in Wealth Management Business (2018-2023)

    Figure 56. Credit Suisse Revenue Growth Rate in Wealth Management Business (2018-2023)

    Figure 57. BNY Mellon Revenue Growth Rate in Wealth Management Business (2018-2023)

    Figure 58. Credit Agricole Revenue Growth Rate in Wealth Management Business (2018-2023)

    Figure 59. Capital Revenue Growth Rate in Wealth Management Business (2018-2023)

    Figure 60. DWS Revenue Growth Rate in Wealth Management Business (2018-2023)

    Figure 61. Bottom-up and Top-down Approaches for This Report

    Figure 62. Data Triangulation

    Figure 63. Key Executives Interviewed