Market Research Report
United States of America (USA) Wealth Management - Market Sizing and Opportunities to 2025
|United States of America (USA) Wealth Management - Market Sizing and Opportunities to 2025|
Published: June 25, 2021
Content info: 38 Pages
Delivery time: 1-2 business days
Based on our proprietary datasets, GlobalData's "United States (US) Wealth Management - Market Sizing and Opportunities to 2025" report analyzes the US wealth and retail savings and investments markets, with a focus on the HNW segment. This includes overall affluent market size (both by number of individuals and the value of their liquid assets) as well as a breakdown of liquid vs. illiquid HNW holdings. The report also provides analysis of the factors driving liquid asset growth, including a breakdown and forecast of total retail savings and investments split by asset classes including equities, mutual funds, deposits and bonds.
The US is home to the world's largest population of wealthy individuals. Affluent individuals (including HNW and mass affluent individuals) accounted for almost 70% of the total adult population in 2020 and held almost 99% of the country's total onshore liquid assets in 2020. The affluent segment holds the majority of their wealth in risky assets such as equities and mutual funds. Therefore, as the outbreak of the COVID-19 pandemic caused big downward shifts in the stock market performance of the country, thereby adversely affecting the returns of the affluent investors on this asset class, such losses were recovered in the second half of 2020 which saw an easing of lockdown restrictions and restarting of the American economy. Nevertheless, a strong predicted retail investments growth is expected over the upcoming period, owing to an effective vaccine program which will raise investor confidence in the economic performance of the country. Further, the country's savings and investments market is observing a growing preference for robo-advisory by the HNW investors. This demand has also been accelerated by the outbreak of the pandemic that has been a catalyst in increasing the use of digital products and services.