Financial Advisory Global Market Report 2023

“Financial Advisory Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on financial advisory market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for financial advisory? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The financial advisory market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Type: Corporate Finance; Accounting Advisory; Tax Advisory; Transaction Services; Risk Management; Other Types
• 2) By Organization Size: Large Enterprises; Small And Medium-Sized Enterprises
• 3) By Industry Vertical: Banking, Financial Services and Insurance (BFSI); IT And Telecom; Manufacturing; Retail And E-Commerce; Public Sector; Healthcare; Other Industry Verticals
• Companies Mentioned: Boston Consulting Group; Deloitte Touche Tohmatsu Ltd.; KPMG International Cooperative; McKinsey & Company; PricewaterhouseCoopers International Limited (PwCIL)
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the financial advisory market are: Boston Consulting Group, Deloitte Touche Tohmatsu Ltd., KPMG International Cooperative, McKinsey & Company, PricewaterhouseCoopers International Limited (PwCIL), Bank of America Corporation, Goldman Sachs Group Inc., JPMorgan Chase & Co., Morgan Stanley, Accenture PLC, Booz Allen Hamilton, Ernst & Young Global Limited, Oliver Wyman, Wells Fargo & Co, Protiviti Consulting Pvt. Ltd., Alvarez & Marsal, and Mercer.

The global financial advisory market is expected to grow from $198.09 billion in 2022 to $207.14 billion in 2023 at a compound annual growth rate (CAGR) of 4.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The financial advisory market is expected to reach $239.55 billion in 2027 at a CAGR of 3.7%.

The financial advisory market includes revenues earned by entities by providing financial operations services including accounts outsourcing, payroll services, and fund management. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

Financial advisory refers to providing financial advice or assistance to a client in exchange for payment. Financial advisors provide a wide range of financial advisory services, including estate planning, tax preparation, and investment management. Its main purpose to aid people or organization in creating long-term strategies for building wealth and managing risk.

Asia-Pacific was the largest region in the financial advisory market in 2022. The regions covered in financial advisory report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main types of financial advisory services are corporate finance, accounting advisory, tax advisory, transaction services, risk management, and others, which are provided to large enterprises as well as small and medium-sized enterprises. Corporate finance advisory refers to expert direction, support, counsel, and solutions with regard to significant financial activities. These services are used by several industry verticals, such as BFSI, IT and telecom, manufacturing, retail and e-commerce, the public sector, healthcare, and others.

The rise in high-net-worth individuals (HNWI) is expected to propel the growth of the financial advisory market going forward. A person with liquid assets of at least USD 1 million is considered a high-net-worth individual (HNWI). The people with high HNWI frequently use the help of financial advisors to manage their high net worth for additional advantages and opportunities. For instance, in December 2022, according to the World Wealth Report 2022 shared by Capgemini, a France-based information technology company, in 2021, the number of HNWIs worldwide increased by 7.8% to $22459 billion in 2021 from $20838 billion 2020. Additionally, in 2021, North America will maintained its commanding lead in HNWI population growth (13.2%) and wealth (13.8%). Therefore, the rise in high-net-worth individuals (HNWI) is driving the growth of the financial advisory market.

Technological innovations are a key trend gaining popularity in the financial advisory market. Major companies operating in the financial advisory market are adopting new technologies to sustain their position in the market. For instance, in March 2022, SRG Financial Advisors, a US-based holistic financial planning firm, launched the 'Mile Marker Digital Vault Technology' through its partnership with FutureVault, a Canada-based provider of secure document exchange and digital vault solutions. The SRG team is implementing a number of next-generation process and technology changes for their clients, with Marker Vault being the first. This technology aims to enhance clients' asset management and financial planning experiences while streamlining operations so they can concentrate on what matters most to them. FuturVault provides SRG Financial Advisors and its clients with a secure, shared platform to more efficiently manage information and documents, which will significantly streamline interactions between the two parties.

In April 2022, Goldman Sachs, a US-based investment banking company, acquired NN Investment Partners for approximately $1.9 billion. The goal of this acquisition is to strengthen Goldman's capacity for sustainable investment and broaden its asset management presence in Europe. NN Investment Partners is a Netherlands-based asset management company that provides financial advisory services.

The countries covered in the financial advisory market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The financial advisory market research report is one of a series of new reports from The Business Research Company that provides financial advisory market statistics, including financial advisory industry global market size, regional shares, competitors with a financial advisory market share, detailed financial advisory market segments, market trends and opportunities, and any further data you may need to thrive in the financial advisory industry. This financial advisory market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.