US Wealth Management Market Size, Share, Trends, Industry Analysis, Application Analysis, Growth and Forecast, 2021-2026” provides a deep and thorough evaluation of the US wealth management market based on its segments including type, end-use, and region. The report tracks the latest industry trends and analyses their overall impact on the market. It also evaluates the market dynamics, which cover the key demand and price indicators, and studies the market on the basis of the SWOT and Porter’s Five Forces models.
Historical Year: 2015-2020
Base Year: 2020
Forecast Year: 2021-2025
Wealth management refers to the investment advisory service that seeks to address the financial needs of affluent, high-net-worth (HNW), and ultra-high-net-worth (UHNW) individuals and families. It involves gathering information about the requirements of the client and developing a personalized strategy comprising numerous financial products and services.
Wealth management includes tax planning, wealth protection, estate planning, investment advice, succession planning, family governance, etc. It aids in growing, protecting, and preserving wealth in a tax-efficient manner. While wealth management fee structures vary across services, they are typically based on the assets under management (AUM) of the client.
Note: Our analysts are continuously monitoring the influence of the COVID-19 pandemic on the market. This insightful information is included in the report to improve the efficiency, resilience, and overall performance of businesses.
US Wealth Management Industry Trends and Drivers:
The escalating demand for several alternative investments, such as real estate investment trusts (REITs), intellectual property (IP), digital currencies, etc., is one of the primary factors driving the US wealth management market. Besides this, the expanding geriatric population across the country is propelling the requirement for retirement planning.
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Moreover, the emergence of financial technology (fintech) platforms is also augmenting the US wealth management market by encouraging the digitalization of processes and offering virtual engagement, omnichannel support, seamless app experiences, instant payments, etc.
In line with this, various technological advancements, including the integration of robotic process automation (RPA), machine learning, smart workflows, machine learning, advanced analytics, cognitive agents, natural-language processing, etc., are ensuring increased efficiency and automation. This, in turn, is acting as another significant growth-inducing factor.
Furthermore, the shifting preferences among customers away from risk-based portfolio construction to outcome-based planning, which involves diversification of assets and investments, are expected to fuel the US wealth management market in the coming years.
US Wealth Management Market Segmentation:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The report also provides insights on the competitive landscape of wealth management with the leading players profiled in the report.
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