PUBLISHER: Daedal Research | PRODUCT CODE: 1472074
PUBLISHER: Daedal Research | PRODUCT CODE: 1472074
Global Wealth Management Market: Analysis By Advisory Mode, By Channel, By Enterprise Size, By Region Size and Trends with Impact of COVID-19 and Forecast up to 2029
The global wealth management market was valued at US$1.85 trillion in 2023. The market value is expected to reach US$2.92 trillion by 2029. Wealth management is a comprehensive financial advisory service that encompasses investment management, financial planning, retirement planning, estate planning, tax planning, and other specialized services tailored to the unique needs and goals of affluent individuals and families.
Wealth management remains a sector with enduring growth potential, driven by growing household and entrepreneurial wealth, underfunded retirement savings, over-reliance on non-financial assets, individual responsibility for retirement, and intergenerational wealth transfer. The ongoing wealth creation, demographic shifts, technological innovation, and regulatory developments are likely to drive demand for wealth management services, positioning the industry for sustained growth in the forthcoming years. Moreover, factors like the adoption of digital technologies such as AI, Blockchain, and Big Data, along with the growing popularity of digital asset management services and sustainable investing, are expected to further drive market expansion. Additionally, digitalization and process automation would streamline operations, enhancing efficiency and attracting more investors to the wealth management sector. Thus, as individuals increasingly prioritize financial planning and wealth preservation, wealth management firms are well-positioned to meet these evolving needs and capitalize on the expanding market opportunities. The market is expected to grow at a CAGR of approx. 8% during the forecasted period of 2024-2029.
Market Segmentation Analysis:
By Advisory Mode: The report provides the bifurcation of the market into three segments based on the advisory mode: Human Advisory, Hybrid Advisory, and Robo-Advisory. In 2023, the human advisory segment held the highest share of the market, whereas the robo-advisory segment is expected to be the fastest-growing segment in the forecasted period. Despite the rise of digital technologies and automated platforms, human advisory mode has seen growth in recent years and is expected to continue expanding. This is primarily due to the enduring value of human interaction and expertise in financial decision-making, particularly for complex wealth management needs. On the other hand, the rise of digital technology and increasing comfort with online financial services have made robo-advisory platforms more accessible and appealing to a broader range of investors, particularly millennials and Gen Z, who prefer digital-first approaches to wealth management. Secondly, robo-advisory services offer cost-effective solutions with lower fees compared to traditional human advisors, making wealth management more affordable and accessible to a wider audience.
By Channel: The report further provides the segmentation based on the following channels: Wirehouses, RIA (Registered Investment Advisor), National/Regional Broker-Dealers, Independent Broker-Dealers, Banks/Trusts, and Others. The wirehouses segment held the highest share in the market, whereas the RIA segment is expected to be the fastest-growing segment in the forecasted period. Wirehouses have been losing importance and dominance over time as the rise of independent registered investment advisors (RIAs) and boutique wealth management firms has provided clients with more choices and alternatives to traditional wirehouse services. Financial Advisors (FAs) continue to leave the large Wirehouses, driven by faster growth in the Independent channel- where advisor teams typically operate their own practice and maintain their own brand. On the other hand, RIAs are gaining importance and dominance over time. The increasing demand for fee-based, fiduciary-driven advice has led more investors to seek out RIAs who prioritize transparency and objectivity. Additionally, regulatory changes and industry trends favoring fee transparency and fiduciary standards have further propelled the growth of RIAs.
By Enterprise Size: The report provides the glimpse of the wealth management market based on the following enterprise size: Large Enterprises and Small & Medium Enterprises (SMEs). Large enterprises held the highest share in the market, whereas small & medium enterprises (SMEs) is expected to be the fastest growing segment in the forecasted period. Large enterprises often have substantial financial resources and complex financial needs, making them prime candidates for comprehensive wealth management services. Additionally, large enterprises may have diverse shareholder bases, including institutional investors, high-net-worth individuals, and corporate entities, necessitating tailored wealth management solutions to meet the diverse needs of stakeholders. On the other hand, despite their smaller size compared to large enterprises, SMEs often have complex financial needs and face similar challenges related to investment management, retirement planning, and risk mitigation. As SMEs continue to grow and expand, they require professional wealth management services to help them manage their finances effectively and achieve sustainable growth.
By Region: The report provides insight into the wealth management market based on the regions: North America, Europe, Asia Pacific, and the Rest of the World. North America held the major share of the market. North America boasts a sizable population of high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs), who require sophisticated wealth management services to preserve and grow their assets. This concentration of wealth has created a robust demand for comprehensive financial planning, investment management, and estate planning services, driving the growth of the wealth management industry in the region. Moreover, the wealth management business has benefited from strong secular growth as US wealth generation has far surpassed GDP growth over the past three decades, particularly post the Great Financial Crisis. Income inequality has also grown, with wealth generation accelerating among the wealthiest cohorts (who are more likely to use wealth management services).
Favorable regulatory environments and tax incentives in certain European countries have attracted wealthy individuals and families, driving the growth of the wealth management industry. Moreover, private equity (PE) firms are becoming more involved in European wealth management, bringing expertise to develop faster, more profitable business models. The UK is a major player in the European wealth management market because of its mature financial services industry, low interest rates, and GDP growth. Regulatory reforms, including a shift towards a more principled approach post-Brexit, aim to make the UK the world's most innovative financial hub, presenting transformation opportunities for the wealth management industry.
The wealth management market in China is experiencing robust growth due to several interconnected factors. Firstly, the emergence of a younger, wealthier demographic is reshaping the landscape, with many individuals either accumulating wealth through their own ventures or inheriting generational wealth. This demographic shift brings with it new expectations and demands for wealth management services, as individuals seek better ways to generate income and safeguard their assets in an uncertain economic environment characterized by low interest rates. On the other hand, the wealth management industry in India has been placing significant emphasis on crafting tailored portfolios for its customers. Its relevance has grown even more in the current ecosystem, wherein the industry is transitioning from distribution-oriented models to advisory-focused ones.
Market Dynamics:
Growth Drivers: The global wealth management market has been growing over the past few years, due to factors such as an increasing number of ultra-high-net-worth individuals, growing shift towards robo-advisors, increasing alternative assets under management, growing internet penetration rate, economic expansion, growing customization, and many other factors. As more advisors and assets migrate to the independent RIA channel, it fosters competition and innovation in the marketplace. Independent RIAs often offer more personalized service, fee transparency, and flexibility compared to traditional wirehouse firms. This shift attracts a diverse range of clients, including high-net-worth individuals seeking fiduciary advice and tailored investment solutions. Overall, the increasing prominence of independent RIAs contributes to market growth by expanding the range of choices available to investors, driving efficiency and cost-effectiveness, and fostering a more client-centric approach to wealth management.
Challenges: However, the market growth would be negatively impacted by various challenges such as regulatory compliance, cybersecurity risks, market volatility, etc. Market volatility presents significant challenges to the growth of the wealth management market by influencing investor behavior, portfolio performance, and business operations. Rapid fluctuations in asset prices, driven by factors such as geopolitical events, economic indicators, and market sentiment, can lead to increased uncertainty and risk aversion among investors.
Trends: The market is projected to grow at a fast pace during the forecast period, due to various latest trends such as ESG as a method of investing, consolidation amongst RIAs, growing intergenerational wealth transfer, an accelerating shift towards RIA channel, increasing demand for outsourcing, embracing wealth-as-a-service infrastructures, increasing investment in big data analytics, recent technological advancements, integration of AI, machine learning, and automation, etc. M&A has become a prevalent trend in the Wealth ecosystem as smaller firms look to access the benefits of scale and acquirers look for growth avenues beyond recruiting advisors. Through consolidation, RIAs are able to benefit from reduced overhead, clearing, and backend costs that are afforded to scale players who can spread costs across a larger advisor base. While there is some moderation in transaction volumes relative to peak levels seen in late 2021/early 2022 (likely a function of higher rates), activity has remained elevated vs. pre-pandemic levels.
Impact Analysis of COVID-19 and Way Forward:
The COVID-19 pandemic had a profound and multifaceted impact on the wealth management market in 2020 and 2021. It accelerated digital transformation, reshaped client preferences and behaviors, introduced heightened market volatility, and prompted a reassessment of fee structures and value propositions. Wealth managers who successfully adapted to these challenges by embracing digitalization, providing proactive client communication, and demonstrating value-added services were better positioned to navigate the uncertainties and capitalize on opportunities presented by the evolving market dynamics.
Competitive Landscape:
The global wealth management industry exhibits fragmentation, encompassing a diverse array of firms ranging from traditional full-service providers offering comprehensive financial services to modern digital platforms focusing on lower-touch interactions. The key players in the global wealth management market are:
UBS Group
Morgan Stanley
Bank of America
JPMorgan Chase & Co.
The Goldman Sachs Group, Inc.
Wells Fargo & Company
Citigroup Inc.
BNP Paribas Group
BlackRock, Inc.
The Charles Schwab Corporation
Northern Trust Corporation
Julius Baer Group
The industry trend of financial advisors (FAs) leaving the Wirehouses (Bank of America, Wells Fargo, UBS) in favor of independent channels continues, as Bank of America and Wells Fargo continue to experience advisor attrition at an elevated clip through 2022 and into 2023. This has been driven in part by less attractive compensation / lower payouts at the Wirehouses relative to smaller players, and enhanced technology / solutions offerings at the independents. Meanwhile, the biggest beneficiaries of this shift are the Regional Brokers, most notably, LPL Financial and Raymond James as these firms have been the strongest organic growers, and typically rank the highest in terms of net advisor wins. Moreover, over the past three years, the Regional Brokers (Raymond James, LPL Financial, Ameriprise) saw the largest mix shift from Brokerage to Advisory channels, aided by faster net new assets (NNA) growth in Advisory, as well as an accelerating pace of Brokerage to Advisory conversions.
Table of Contents
- 2.1 Wealth Management: An Overview
- 2.1.1 Introduction to Wealth Management
- 2.1.2 Types of Financial Advisors/Wealth Managers
- 2.2 Wealth Management Segmentation: An Overview
- 3.1 Global Wealth Management Market: An Analysis
- 3.1.1 Global Wealth Management Market: An Overview
- 3.1.2 Global Wealth Management Market by Value
- 3.1.3 Global Wealth Management Market by Advisory Mode
- 3.1.4 Global Wealth Management Market by Channel
- 3.1.5 Global Wealth Management Market by Enterprise Size
- 3.1.6 Global Wealth Management Market by Region
- 3.2 Global Wealth Management Market: Advisory Mode Analysis
- 3.2.1 Global Wealth Management Market by Advisory Mode: An Overview
- 3.2.2 Global Human Advisory Wealth Management Market by Value
- 3.2.3 Global Hybrid Advisory Wealth Management Market by Value
- 3.2.4 Global Robo Advisory Wealth Management Market by Value
- 3.3 Global Wealth Management Market: Channel Analysis
- 3.3.1 Global Wealth Management Market by Channel: An Overview
- 3.3.2 Global Wealth Management Wirehouses Market by Value
- 3.3.3 Global Wealth Management RIA Market by Value
- 3.3.4 Global Wealth Management National/Regional Broker Dealer Market by Value
- 3.3.5 Global Wealth Management Independent Broker Dealer Market by Value
- 3.3.6 Global Wealth Management Banks/Trusts Market by Value
- 3.3.7 Global Wealth Management Others Market by Value
- 3.4 Global Wealth Management Market: Enterprise Size Analysis
- 3.4.1 Global Wealth Management Market by Enterprise Size: An Overview
- 3.4.2 Global Large Enterprises Wealth Management Market by Value
- 3.4.3 Global Small & Medium Enterprises (SMEs) Wealth Management Market by Value
- 4.1 North America Wealth Management Market: An Analysis
- 4.1.1 North America Wealth Management Market: An Overview
- 4.1.2 North America Wealth Management Market by Value
- 4.1.3 North America Wealth Management Market by Region
- 4.1.4 The US Wealth Management Market by Value
- 4.1.5 Canada Wealth Management Market by Value
- 4.1.6 Mexico Wealth Management Market by Value
- 4.2 Europe Wealth Management Market: An Analysis
- 4.2.1 Europe Wealth Management Market: An Overview
- 4.2.2 Europe Wealth Management Market by Value
- 4.2.3 Europe Wealth Management Market by Region
- 4.2.4 The UK Wealth Management Market by Value
- 4.2.5 Germany Wealth Management Market by Value
- 4.2.6 France Wealth Management Market by Value
- 4.2.7 Italy Wealth Management Market by Value
- 4.2.8 Spain Wealth Management Market by Value
- 4.2.9 Rest of Europe Wealth Management Market by Value
- 4.3 Asia Pacific Wealth Management Market: An Analysis
- 4.3.1 Asia Pacific Wealth Management Market: An Overview
- 4.3.2 Asia Pacific Wealth Management Market by Value
- 4.3.3 Asia Pacific Wealth Management Market by Region
- 4.3.4 China Wealth Management Market by Value
- 4.3.5 Japan Wealth Management Market by Value
- 4.3.6 India Wealth Management Market by Value
- 4.3.7 Rest of Asia Pacific Wealth Management Market by Value
- 4.4 Rest of World Wealth Management Market: An Analysis
- 4.4.1 Rest of World Wealth Management Market: An Overview
- 4.4.2 Rest of World Wealth Management Market by Value
- 5.1 Impact of COVID-19 on Global Wealth Management Market
- 5.2 Post COVID-19 Impact on Global Wealth Management Market
- 6.1 Growth Drivers
- 6.1.1 Increasing Number of Ultra-High-Net-Worth Individuals
- 6.1.2 Accelerating Shift Towards RIA Channel
- 6.1.3 Increasing Alternative Assets Under Management
- 6.1.4 Growing Internet Penetration Rate
- 6.1.5 Economic Expansion
- 6.1.6 Growing Customization
- 6.1.7 Accelerating Growth in Wealth Management Loans
- 6.2 Challenges
- 6.2.1 Regulatory Compliance
- 6.2.2 Cybersecurity Risks
- 6.2.3 Market Volatility
- 6.3 Market Trends
- 6.3.1 ESG as a Method of Investing
- 6.3.2 Consolidation Amongst RIAs
- 6.3.3 Growing Shift Towards Robo-Advisors
- 6.3.4 Growing Intergenerational Wealth Transfer
- 6.2.5 Increasing Demand for Outsourcing
- 6.3.6 Embracing Wealth-as-a-Service Infrastructures
- 6.3.7 Increasing Investment in Big Data Analytics
- 6.3.8 Recent Technological Advancements
- 6.3.9 Integration of AI, Machine Learning, and Automation
- 7.1 Global Wealth Management Market: Competitive Landscape
- 7.2 Global Wealth Management Market Players: Advisor Net Wins/(Losses)
- 7.3 Global Wealth Management Market: Advisory vs. Brokerage Assets
- 7.4 Global Wealth Management Players by Market Share
- 7.5 The US Retail Wealth Management Players by Market Share
- 7.6 The US RIA Custodians Players by Market Share
- 7.7 The US Robo Advisors Players by Market Share
- 8.1 UBS Group
- 8.1.1 Business Overview
- 8.1.2 Operating Segments
- 8.1.3 Business Strategy
- 8.2 Morgan Stanley
- 8.2.1 Business Overview
- 8.2.2 Operating Segments
- 8.2.3 Business Strategy
- 8.3 Bank of America
- 8.3.1 Business Overview
- 8.3.2 Operating Segments
- 8.3.3 Business Strategy
- 8.4 JPMorgan Chase & Co.
- 8.4.1 Business Overview
- 8.4.2 Operating Segments
- 8.4.3 Business Strategy
- 8.5 The Goldman Sachs Group, Inc.
- 8.5.1 Business Overview
- 8.5.2 Operating Segments
- 8.5.3 Business Strategy
- 8.6 Wells Fargo & Company
- 8.6.1 Business Overview
- 8.6.2 Operating Segments
- 8.6.3 Business Strategy
- 8.7 Citigroup Inc.
- 8.7.1 Business Overview
- 8.7.2 Operating Segments
- 8.7.3 Business Strategy
- 8.8 BNP Paribas Group
- 8.8.1 Business Overview
- 8.8.2 Revenues by Business Segment
- 8.8.3 Business Strategy
- 8.9 BlackRock, Inc.
- 8.9.1 Business Overview
- 8.9.2 Operating Regions
- 8.9.3 Business Strategy
- 8.10 The Charles Schwab Corporation
- 8.10.1 Business Overview
- 8.10.2 Operating Segments
- 8.10.3 Business Strategy
- 8.11 Northern Trust Corporation
- 8.11.1 Business Overview
- 8.11.2 Operating Segments
- 8.11.3 Business Strategy
- 8.12 Julius Baer Group
- 8.12.1 Business Overview
- 8.12.2 Business Strategy
1. Executive Summary
2. Introduction
3. Global Market Analysis
4. Regional Market Analysis
5. Impact of COVID-19
6. Market Dynamics
7. Competitive Landscape
8. Company Profiles
List of Tables
- Table 1: Types of Financial Advisors/Wealth Managers
- Table 2: Global Wealth Management Market: Competitive Landscape
- Table 3: Global Wealth Management Market: Advisor Net Wins/(Losses)
List of Figures
- Figure 1: Benefits of Wealth Management
- Figure 2: Wealth Management Segmentation
- Figure 3: Global Wealth Management Market by Value; 2019-2023 (US$ Trillion)
- Figure 4: Global Wealth Management Market by Value; 2024-2029 (US$ Trillion)
- Figure 5: Global Wealth Management Market by Advisory Mode; 2023 (Percentage, %)
- Figure 6: Global Wealth Management Market by Channel; 2023 (Percentage, %)
- Figure 7: Global Wealth Management Market by Enterprise Size; 2023 (Percentage, %)
- Figure 8: Global Wealth Management Market by Region; 2023 (Percentage, %)
- Figure 9: Global Human Advisory Wealth Management Market by Value; 2019-2023 (US$ Trillion)
- Figure 10: Global Human Advisory Wealth Management Market by Value; 2024-2029 (US$ Trillion)
- Figure 11: Global Hybrid Advisory Wealth Management Market by Value; 2019-2023 (US$ Billion)
- Figure 12: Global Hybrid Advisory Wealth Management Market by Value; 2024-2029 (US$ Billion)
- Figure 13: Global Robo Advisory Wealth Management Market by Value; 2019-2023 (US$ Billion)
- Figure 14: Global Robo Advisory Wealth Management Market by Value; 2024-2029 (US$ Billion)
- Figure 15: Global Wealth Management Wirehouses Market by Value; 2019-2023 (US$ Billion)
- Figure 16: Global Wealth Management Wirehouses Market by Value; 2024-2029 (US$ Billion)
- Figure 17: Global Wealth Management RIA Market by Value; 2019-2023 (US$ Billion)
- Figure 18: Global Wealth Management RIA Market by Value; 2024-2029 (US$ Billion)
- Figure 19: Global Wealth Management National/Regional Broker Dealer Market by Value; 2019-2023 (US$ Billion)
- Figure 20: Global Wealth Management National/Regional Broker Dealer Market by Value; 2024-2029 (US$ Billion)
- Figure 21: Global Wealth Management Independent Broker Dealer Market by Value; 2019-2023 (US$ Billion)
- Figure 22: Global Wealth Management Independent Broker Dealer Market by Value; 2024-2029 (US$ Billion)
- Figure 23: Global Wealth Management Banks/Trusts Market by Value; 2019-2023 (US$ Billion)
- Figure 24: Global Wealth Management Banks/Trusts Market by Value; 2024-2029 (US$ Billion)
- Figure 25: Global Wealth Management Others Market by Value; 2019-2023 (US$ Billion)
- Figure 26: Global Wealth Management Others Market by Value; 2024-2029 (US$ Billion)
- Figure 27: Global Large Enterprises Wealth Management Market by Value; 2019-2023 (US$ Billion)
- Figure 28: Global Large Enterprises Wealth Management Market by Value; 2024-2029 (US$ Trillion)
- Figure 29: Global Small & Medium Enterprises (SMEs) Wealth Management Market by Value; 2019-2023 (US$ Billion)
- Figure 30: Global Small & Medium Enterprises (SMEs) Wealth Management Market by Value; 2024-2029 (US$ Trillion)
- Figure 31: North America Wealth Management Market by Value; 2019-2023 (US$ Billion)
- Figure 32: North America Wealth Management Market by Value; 2024-2029 (US$ Trillion)
- Figure 33: North America Wealth Management Market by Region; 2023 (Percentage, %)
- Figure 34: The US Wealth Management Market by Value; 2019-2023 (US$ Billion)
- Figure 35: The US Wealth Management Market by Value; 2024-2029 (US$ Trillion)
- Figure 36: Canada Wealth Management Market by Value; 2019-2023 (US$ Billion)
- Figure 37: Canada Wealth Management Market by Value; 2024-2029 (US$ Billion)
- Figure 38: Mexico Wealth Management Market by Value; 2019-2023 (US$ Billion)
- Figure 39: Mexico Wealth Management Market by Value; 2024-2029 (US$ Billion)
- Figure 40: Europe Wealth Management Market by Value; 2019-2023 (US$ Billion)
- Figure 41: Europe Wealth Management Market by Value; 2024-2029 (US$ Billion)
- Figure 42: Europe Wealth Management Market by Region; 2023 (Percentage, %)
- Figure 43: The UK Wealth Management Market by Value; 2019-2023 (US$ Billion)
- Figure 44: The UK Wealth Management Market by Value; 2024-2029 (US$ Billion)
- Figure 45: Germany Wealth Management Market by Value; 2019-2023 (US$ Billion)
- Figure 46: Germany Wealth Management Market by Value; 2024-2029 (US$ Billion)
- Figure 47: France Wealth Management Market by Value; 2019-2023 (US$ Billion)
- Figure 48: France Wealth Management Market by Value; 2024-2029 (US$ Billion)
- Figure 49: Italy Wealth Management Market by Value; 2019-2023 (US$ Billion)
- Figure 50: Italy Wealth Management Market by Value; 2024-2029 (US$ Billion)
- Figure 51: Spain Wealth Management Market by Value; 2019-2023 (US$ Billion)
- Figure 52: Spain Wealth Management Market by Value; 2024-2029 (US$ Billion)
- Figure 53: Rest of Europe Wealth Management Market by Value; 2019-2023 (US$ Billion)
- Figure 54: Rest of Europe Wealth Management Market by Value; 2024-2029 (US$ Billion)
- Figure 55: Asia Pacific Wealth Management Market by Value; 2019-2023 (US$ Billion)
- Figure 56: Asia Pacific Wealth Management Market by Value; 2024-2029 (US$ Billion)
- Figure 57: Asia Pacific Wealth Management Market by Region; 2023 (Percentage, %)
- Figure 58: China Wealth Management Market by Value; 2019-2023 (US$ Billion)
- Figure 59: China Wealth Management Market by Value; 2024-2029 (US$ Billion)
- Figure 60: Japan Wealth Management Market by Value; 2019-2023 (US$ Billion)
- Figure 61: Japan Wealth Management Market by Value; 2024-2029 (US$ Billion)
- Figure 62: India Wealth Management Market by Value; 2019-2023 (US$ Billion)
- Figure 63: India Wealth Management Market by Value; 2024-2029 (US$ Billion)
- Figure 64: Rest of Asia Pacific Wealth Management Market by Value; 2019-2023 (US$ Billion)
- Figure 65: Rest of Asia Pacific Wealth Management Market by Value; 2024-2029 (US$ Billion)
- Figure 66: Rest of World Wealth Management Market by Value; 2019-2023 (US$ Billion)
- Figure 67: Rest of World Wealth Management Market by Value; 2024-2029 (US$ Billion)
- Figure 68: Global Number of UHNWI; 2022-2028 (Thousands)
- Figure 69: The US Assets Managed by RIAs; 2015-2021 (US$ Trillion)
- Figure 70: The US Number of RIAs Employed; 2015-2022 (Thousand)
- Figure 71: Global Alternative Assets Under Management; 2020-2026 (US$ Trillion)
- Figure 72: Global Number of Individuals using Internet; 2018-2024 (Billion)
- Figure 73: Global Gross Domestic Product at Current Price; 2018-2027 (US$ Billion)
- Figure 74: Global ESG and Non-ESG Mandated Assets Under Professional Management; 2020-2025 (US$ Trillion)
- Figure 75: Global Established Wealth Management Merger & Acquisition (M&A) Activities; 2018-2023 (Number of Transactions)
- Figure 76: Global AUM of Robo-Advisors; 2017-2027 (US$ Trillion)
- Figure 77: The US Net Worth by Generation; Q1 2023 (US$ Trillion)
- Figure 78: The US Net Worth Share by Generation; 2015 and 2030 (Percentage, %)
- Figure 79: Global Wealth Management Market Players by Advisor Net Wins/(Losses); 2020-2023 (Units)
- Figure 80: Global Wealth Management Market by Fee-Based AUM as a % of Total Client Assets; 2018-2022 (Percentage, %)
- Figure 81: Global Fee-Based Revenues and Asset as Percentage of Total Advisor Revenues and AUM; 2016-2021 (Percentage, %)
- Figure 82: Global Wealth Management Players by Market Share; 2023 (Percentage, %)
- Figure 83: The US Retail Wealth Management Players Market Share by Asset Under Management; 2023 (Percentage, %)
- Figure 84: The US RIA Custodians Players Market Share by Asset Under Management; 2023 (Percentage, %)
- Figure 85: The US Robo Advisors Players Market Share by Asset Under Management; 2023 (Percentage, %)
- Figure 86: UBS Group Revenues by Operating Segment; 2023 (Percentage, %)
- Figure 87: Morgan Stanley Net Revenues by Segment; 2023 (Percentage, %)
- Figure 88: Bank of America Revenue by Segment; 2023 (Percentage, %)
- Figure 89: JPMorgan Chase & Co. Net Revenue by Segment; 2023 (Percentage, %)
- Figure 90: The Goldman Sachs Group, Inc. Net Revenues by Segment; 2023 (Percentage, %)
- Figure 91: Wells Fargo & Company Revenue by Segment; 2023 (Percentage, %)
- Figure 92: Citigroup Inc. Net Revenues by Segment; 2023 (Percentage, %)
- Figure 93: BNP Paribas Group Revenues by Business Segment; 2023 (Percentage, %)
- Figure 94: BlackRock, Inc. Revenue by Region; 2023 (Percentage, %)
- Figure 95: The Charles Schwab Corporation Net Revenues by Segment; 2023 (Percentage, %)
- Figure 96: Northern Trust Corporation Revenue by Segment; 2023 (Percentage, %)
