Wealth Management - Israel

Israel

Assets under Management in the Wealth Management market are projected to reach €154.90bn in 2024.
Financial Advisory dominates the market with a projected market volume of €150.20bn in 2024.
Assets under Management are expected to show an annual growth rate (CAGR 2024-2029) of 0.40%, resulting in a market volume of €158.00bn by 2029.

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

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Analyst Opinion

The Wealth Management market in Israel has been experiencing significant growth and development in recent years. Customer preferences have shifted towards more personalized and tailored wealth management services, while the market has been influenced by various local special circumstances and underlying macroeconomic factors.

Customer preferences in the Wealth Management market in Israel have evolved to prioritize personalized and customized services. Clients are increasingly seeking wealth management solutions that are tailored to their individual needs and goals. They value a high level of personal attention and expertise from their wealth managers, as well as access to a wide range of investment options.

Additionally, clients are placing greater importance on transparency and ethical investment practices, demanding that their wealth managers align their investment strategies with their personal values. These evolving customer preferences have led to the development of more sophisticated wealth management offerings in Israel. Trends in the market reflect the growing demand for digital wealth management solutions.

Israeli clients are increasingly embracing technology in their financial lives, and this has translated into a preference for digital wealth management platforms. These platforms offer convenience, accessibility, and real-time information, allowing clients to monitor and manage their investments from anywhere at any time. The rise of digital wealth management has also led to increased competition in the market, as both traditional financial institutions and fintech companies strive to offer innovative and user-friendly solutions.

Local special circumstances have played a role in shaping the Wealth Management market in Israel. The country has a high concentration of high-net-worth individuals, creating a significant market for wealth management services. Additionally, Israel has a strong entrepreneurial culture, with a high number of successful startups and technology companies.

This has led to a demand for wealth management services that cater to the unique needs of entrepreneurs and business owners, including investment strategies that align with their risk appetite and long-term goals. Underlying macroeconomic factors have also influenced the development of the Wealth Management market in Israel. The country has experienced steady economic growth in recent years, with a strong focus on innovation and technology.

This has created wealth and investment opportunities, attracting both domestic and international investors. Furthermore, low interest rates and a favorable regulatory environment have encouraged individuals to seek alternative investment options, driving the demand for wealth management services. In conclusion, the Wealth Management market in Israel has been shaped by evolving customer preferences, trends in digitalization, local special circumstances, and underlying macroeconomic factors.

The market has responded to the demand for personalized services, digital platforms, and investment strategies that cater to the unique needs of high-net-worth individuals and entrepreneurs. As the Israeli economy continues to grow and innovate, the Wealth Management market is expected to further develop and expand in the coming years.

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).