Global Asset and Wealth Management Market is expected to foresee significant growth. North America to lead the growth!

Assets management refers to the management of assets such as stocks, bonds, real estate, global investments, etc. Wealth management refers to finance, wealth management, taxes, real estate planning, cash flow management and any other imaginable use of money. An asset and wealth manager help an individual or an organization to multiply their resources by investing in different investing opportunities.

Growing adoption of asset and wealth management is mainly attributed to the growing awareness about the alternative investment’s sources and platform. Furthermore, the integration of AI in the asset and wealth management industry and the rapid adoption and investment in AI and machine learning are expected to drive the market during the forecast period. For instance, according to FinAI, globally more than USD 100 billion have been invested in the Fintech since 2010.Moreover, asset and wealth managers help in eliminating financial stress & creating financial goals these benefits and features are expected to drive the market growth during the analysis time period.

The asset and wealth management market is expected to grow at a steady rate of around 12% owing to the growing investment alternatives such as stocks, bonds, real estate etc.

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Based on the type, the market is segmented into software and services. The services segment is expected to achieve a significant market share during the forecast period. This is mainly attributed to the growing demand for asset and wealth management services around the world. Furthermore, the growing expertise of wealth managers across global investment opportunities is expected to significantly influence market growth.

On the basis of providers, the market is segmented into banks, broker-dealers, wealth advisors, and others. During the forecast period. The wealth advisors’ segment is expected to achieve significant prominence during the forecast period, as, human advisory brings in a lot of emotional value. Furthermore, factors such as greater accountability, and flexibilities are the key benefits due to which the human advisory segment is growing.

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For a better understanding of the market adoption of the asset and wealth management industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America region is expected to lead the wealth management market during the forecast period. The adoption in the region is mainly attributed to the growing number of wealthy individuals in the region. For instance, according to Investopedia in 2022, 7 out of 10 wealthy individuals are from the United States of America. Furthermore, the presence of key players in the region are also expected to drive the market. Moreover, the investment industry has shown a noticeable shift toward high-tech investing and wealth management solutions, especially in small businesses in the region which is expected significantly influence the market growth during the forecast period.

Some of the major players operating in the market include Bank of America Corporation;BNP Paribas;Charles Schwab & Co Inc;Citigroup Inc; CREDIT SUISSE GROUP AG; Goldman Sach; Jp Morgan Chase & Co; Morgan Stanley; JULIUS BAER; UBS..

Global Asset and Wealth Management Market Segmentation

Market Insight, by Type

• Software
• Services

Market Insight, by Providers

• Banks
• Broker-dealers• Wealth advisors• Others

Market Insight, by Region

• North America
  • US
  • Canada
  • Rest of North America
• Europe
• Germany
• United Kingdom
• France
• Italy
• Spain
• Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Rest of Asia-Pacific
• Rest of the World

Top Company Profiles

• Bank of America Corporation
• BNP Paribas• Charles Schwab & Co Inc• Citigroup, Inc• CREDIT SUISSE GROUP AG• Goldman Sach• Jp Morgan Chase & Co• Morgan Stanley• JULIUS BAER• UBS.