Wealth Management - Southern Europe

Southern Europe

Assets under Management in the Wealth Management market are projected to reach €3,127.00bn in 2024.
Financial Advisory dominates the market with a projected market volume of €3,036.00bn in 2024.
Assets under Management are expected to show an annual growth rate (CAGR 2024-2029) of 0.57%, resulting in a market volume of €3,217.00bn by 2029.

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

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Wealth Management market in Southern Europe has been experiencing significant growth in recent years. Customer preferences in the region have shifted towards more personalized and tailored wealth management services.

Clients are increasingly seeking out advisors who can provide customized investment strategies and advice that align with their individual financial goals and risk tolerance. This trend is driven by a growing awareness among investors of the benefits of a holistic approach to wealth management, which takes into account their unique circumstances and objectives. In addition to personalized services, clients in Southern Europe are also placing a greater emphasis on sustainable and socially responsible investing.

They are increasingly interested in investing in companies and funds that align with their values and contribute to positive social and environmental outcomes. This trend reflects a broader global shift towards responsible investing and is driven by a growing awareness of the impact of investment decisions on society and the environment. Another trend in the Wealth Management market in Southern Europe is the growing demand for digital and online wealth management services.

Clients are increasingly looking for convenient and accessible ways to manage their wealth, and digital platforms provide a convenient solution. These platforms offer a range of services, including portfolio management, financial planning tools, and access to a wide range of investment products. The convenience and accessibility of digital wealth management platforms appeal to a wide range of clients, from tech-savvy millennials to busy professionals.

Local special circumstances in Southern Europe also play a role in shaping the Wealth Management market. The region has a high concentration of high-net-worth individuals, particularly in countries such as Italy, Spain, and Greece. These individuals have unique wealth management needs and require specialized services to preserve and grow their wealth.

As a result, wealth management firms in the region are focusing on developing tailored solutions for this segment of the market. Underlying macroeconomic factors are also contributing to the growth of the Wealth Management market in Southern Europe. The region has seen a gradual economic recovery in recent years, following the global financial crisis.

This has led to an increase in disposable income and wealth accumulation, driving demand for wealth management services. Additionally, low interest rates have made traditional savings and investment options less attractive, prompting investors to seek out alternative investment strategies. Overall, the Wealth Management market in Southern Europe is evolving to meet the changing needs and preferences of clients.

The shift towards personalized and tailored services, sustainable investing, and digital platforms reflects broader global trends in the wealth management industry. The region's unique characteristics, such as a high concentration of high-net-worth individuals, also contribute to the development of the market. With favorable macroeconomic conditions, the Wealth Management market in Southern Europe is poised for continued growth 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).