Wealth Management - Europe

Europe

Assets under Management in the Wealth Management market are projected to reach €41,180.00bn in 2024.
Financial Advisory dominates the market with a projected market volume of €40,820.00bn in 2024.
Assets under Management are expected to show an annual growth rate (CAGR 2024-2029) of 2.10%, resulting in a market volume of €45,690.00bn by 2029.

Key regions: United States, United Kingdom, Germany, Hong Kong, Singapore

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Comparación de regiones

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Analyst Opinion

The Wealth Management market in Europe has been experiencing significant growth and development in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all contributed to this positive trend.

Customer preferences in Europe have shifted towards a greater emphasis on wealth management services. As individuals accumulate wealth, they are increasingly seeking professional advice and guidance to help them manage and grow their assets. This shift in preference is driven by a desire for personalized and tailored investment strategies, as well as a need for expert knowledge and insights in an increasingly complex financial landscape.

Trends in the market have also played a role in the development of the Wealth Management industry in Europe. One notable trend is the rise of digital wealth management platforms. These platforms offer convenient and accessible solutions for individuals to manage their wealth online, providing services such as automated portfolio management and financial planning tools.

This trend has been driven by advancements in technology and a growing demand for digital solutions in all aspects of life. Another trend in the Wealth Management market in Europe is the increasing focus on sustainable and socially responsible investing. Investors are becoming more conscious of the environmental and social impact of their investment decisions and are seeking opportunities to align their portfolios with their values.

This trend is driven by a growing awareness of global challenges such as climate change and social inequality, as well as regulatory initiatives promoting sustainable finance. Local special circumstances also contribute to the development of the Wealth Management market in Europe. Each country in Europe has its own unique characteristics and regulations that shape the industry.

For example, countries with a strong tradition of private banking, such as Switzerland and Luxembourg, have established themselves as global hubs for wealth management. On the other hand, countries with emerging economies, such as Poland and Hungary, offer opportunities for growth as the middle class expands and wealth accumulation increases. Underlying macroeconomic factors also play a significant role in the development of the Wealth Management market in Europe.

Factors such as economic growth, interest rates, and demographic trends influence the demand for wealth management services. For example, a growing economy and low interest rates create favorable conditions for wealth accumulation and investment, driving the demand for wealth management services. In conclusion, the Wealth Management market in Europe is experiencing growth and development due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors.

As individuals seek professional advice to manage and grow their wealth, digital platforms and sustainable investing options are gaining popularity. Each country in Europe has its own unique characteristics and regulations that shape the industry, while macroeconomic factors such as economic growth and interest rates also influence the demand for wealth management services.

Methodology

Data coverage:

The data encompasses B2C enterprises. The figures are based on gross revenues, assets under management, and user & advisor data of relevant services and products offered within the Wealth Management market.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players, industry reports, third-party reports, publicly available databases, and survey results from primary research activities (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as: GDP, gross national income (GNI), consumer spending, total investment (% of GDP), high income (% of population), and number of high-net-worth individuals (HNWI). This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.

Additional notes:

The market is updated twice a year in case market dynamics change. The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development).