Financial Advisory Services Market by Service Type, Organisation Size, End-User

Description

List of Tables

The Financial Advisory Services Market was valued at USD 114.39 billion in 2023, expected to reach USD 123.89 billion in 2024, and is projected to grow at a CAGR of 8.63%, to USD 204.24 billion by 2030.

The financial advisory services market encompasses a broad range of services offered to individuals, businesses, and institutions to manage financial planning, investments, and wealth. These services are vital for developing strategies to achieve financial goals, optimize revenue, and mitigate risk. This market's necessity stems from the increasing complexity of financial markets and the growing demand for expert guidance in navigating investment decisions, tax planning, and retirement savings. It finds application across various sectors, including personal finance, corporate advising, asset management, and insurance, with key end-users being individual clients, small to medium enterprises (SMEs), and large corporations.

KEY MARKET STATISTICS
Base Year [2023]	USD 114.39 billion
Estimated Year [2024]	USD 123.89 billion
Forecast Year [2030]	USD 204.24 billion
CAGR (%)	8.63%

Market insights reveal that technological advancements such as artificial intelligence, data analytics, and robo-advisors are significantly influencing growth by enhancing the precision and efficiency of analytical tasks. The rise of fintech has also democratized access to financial advice, opening up new opportunities particularly in underserved markets and among younger demographics that prefer digital solutions. Nevertheless, several challenges persist, such as regulatory changes, data privacy concerns, and intense competition, which can impede market growth. Furthermore, the global economic environment, characterized by fluctuations and unpredictability, poses limitations on the reliability of advisory services.

Emerging opportunities exist in personalized and holistic financial planning, which can be achieved by combining technological tools with human expertise. As sustainability becomes a priority, offering advisory services that integrate Environmental, Social, and Governance (ESG) factors could be pivotal. Innovation in digital platforms and broadening their scope to include real-time updates and interactive features could enhance client engagement. Future research and innovation could focus on developing advanced predictive analytics tools and machine learning algorithms to further refine investment strategies and offer bespoke solutions to clients. Overall, the market is poised for growth, driven by technological integration, but requires adapting to regulatory changes and focusing on client-centric innovations.

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Financial Advisory Services Market

The Financial Advisory Services Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Growing demand for financial advisory services among SMEs & high-net-worth individual
- Rising demand for alternative investments
- Increasing complexity of financial products and the global investment landscape
Market Restraints
- Concerns regarding adapting regulatory landscape across different jurisdictions\
Market Opportunities
- Integration of advanced technologies including artificial intelligence and machine learning
- Growth in robo-advisory services and digital tools
Market Challenges
- Rising the risk of data breaches and cyber-attacks

Porter's Five Forces: A Strategic Tool for Navigating the Financial Advisory Services Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Financial Advisory Services Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Financial Advisory Services Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Financial Advisory Services Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Financial Advisory Services Market

A detailed market share analysis in the Financial Advisory Services Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Financial Advisory Services Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Financial Advisory Services Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Financial Advisory Services Market

A strategic analysis of the Financial Advisory Services Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Financial Advisory Services Market, highlighting leading vendors and their innovative profiles. These include Accenture PLC, Alvarez & Marsal Holdings, LLC, Ameriprise Financial, Inc., Bank of America Corporation, BlackRock, Inc., Boston Consulting Group, Inc., Charles Schwab Corporation, Citigroup Inc., Edward D. Jones & Co., L.P., Ernst & Young Global Limited, Eubel Brady & Suttman Asset Management, Inc., Fisher Investments, Goldman Sachs Group, Inc., Heritage Investment Group, JPMorgan Chase & Co., KPMG International Limited, Luther King Capital Management, Marsh & McLennan Companies, Inc., McKinsey & Company, Morgan Stanley, PricewaterhouseCoopers International Limited, Robert Half International Inc., Robert W. Baird & Co. Incorporated, UBS Group AG, and Wells Fargo & Company.

Market Segmentation & Coverage

This research report categorizes the Financial Advisory Services Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Service Type, market is studied across Corporate Financial Advisory, Debt Advisory & Restructuring, Education Funding Advice, Estate Planning, Financial Planning, Insurance Planning, Investment Advisory Services, Philanthropy Planning, Retirement Planning, and Tax Advisory Services.
Based on Organisation Size, market is studied across Large Enterprises and Small & Medium-Sized Enterprises.
Based on End-User, market is studied across BFSI, Government & Public Sector, Healthcare & Life Science, IT & Telecom, Manufacturing, and Retail & E-Commerce.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-6B0EA0797373

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing demand for financial advisory services among SMEs & high-net-worth individual
  - 5.1.1.2. Rising demand for alternative investments
  - 5.1.1.3. Increasing complexity of financial products and the global investment landscape
- 5.1.2. Restraints
  - 5.1.2.1. Concerns regarding adapting regulatory landscape across different jurisdictions\
- 5.1.3. Opportunities
  - 5.1.3.1. Integration of advanced technologies including artificial intelligence and machine learning
  - 5.1.3.2. Growth in robo-advisory services and digital tools
- 5.1.4. Challenges
  - 5.1.4.1. Rising the risk of data breaches and cyber-attacks
5.2. Market Segmentation Analysis
- 5.2.1. Service Type: Increasing significance for personal and robo-advisor investment services
- 5.2.2. End-User: Government & public sector prioritizes cybersecurity and data privacy due to the sensitivity of public data
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Financial Advisory Services Market, by Service Type

6.1. Introduction
6.2. Corporate Financial Advisory
6.3. Debt Advisory & Restructuring
6.4. Education Funding Advice
6.5. Estate Planning
6.6. Financial Planning
6.7. Insurance Planning
6.8. Investment Advisory Services
6.9. Philanthropy Planning
6.10. Retirement Planning
6.11. Tax Advisory Services

7. Financial Advisory Services Market, by Organisation Size

7.1. Introduction
7.2. Large Enterprises
7.3. Small & Medium-Sized Enterprises

8. Financial Advisory Services Market, by End-User

8.1. Introduction
8.2. BFSI
8.3. Government & Public Sector
8.4. Healthcare & Life Science
8.5. IT & Telecom
8.6. Manufacturing
8.7. Retail & E-Commerce

9. Americas Financial Advisory Services Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Financial Advisory Services Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Financial Advisory Services Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Independent Financial Group Enhances Advisor Capabilities through Strategic Partnership with Envestnet
- 12.3.2. Introducing the Cetera Financial Group's Revolutionary Growth Guarantee for Financial Advisors
- 12.3.3. Pontera and Commonwealth Financial Network Join Forces
12.4. Strategy Analysis & Recommendation

Companies Mentioned

1. Accenture PLC
2. Alvarez & Marsal Holdings, LLC
3. Ameriprise Financial, Inc.
4. Bank of America Corporation
5. BlackRock, Inc.
6. Boston Consulting Group, Inc.
7. Charles Schwab Corporation
8. Citigroup Inc.
9. Edward D. Jones & Co., L.P.
10. Ernst & Young Global Limited
11. Eubel Brady & Suttman Asset Management, Inc.
12. Fisher Investments
13. Goldman Sachs Group, Inc.
14. Heritage Investment Group
15. JPMorgan Chase & Co.
16. KPMG International Limited
17. Luther King Capital Management
18. Marsh & McLennan Companies, Inc.
19. McKinsey & Company
20. Morgan Stanley
21. PricewaterhouseCoopers International Limited
22. Robert Half International Inc.
23. Robert W. Baird & Co. Incorporated
24. UBS Group AG
25. Wells Fargo & Company