Wealth Management - Switzerland

Switzerland

Assets under Management in the Wealth Management market are projected to reach €5,134.00bn in 2024.
Financial Advisory dominates the market with a projected market volume of €5,125.00bn in 2024.
Assets under Management are expected to show an annual growth rate (CAGR 2024-2029) of 0.77%, resulting in a market volume of €5,334.00bn by 2029.

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

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Analyst Opinion

The Wealth Management market in Switzerland has been experiencing significant growth in recent years, driven by several key factors.

Customer preferences: Swiss customers have traditionally placed a high value on wealth preservation and long-term financial stability. This has led to a strong demand for conservative investment strategies and a focus on low-risk, high-quality assets. Additionally, Swiss clients have shown a preference for personalized and tailored wealth management services, with a strong emphasis on trust and confidentiality. These preferences have shaped the offerings of wealth management firms in Switzerland, with a focus on providing high-quality, personalized services to meet the unique needs of Swiss clients.

Trends in the market: One major trend in the Swiss Wealth Management market is the increasing demand for sustainable and socially responsible investments. Swiss clients are becoming more conscious of the environmental and social impact of their investments, and are seeking wealth management solutions that align with their values. This trend has been driven by a combination of regulatory changes, increased awareness of sustainability issues, and changing customer preferences. Wealth management firms in Switzerland have responded to this trend by expanding their offerings of sustainable investment products and integrating environmental, social, and governance (ESG) factors into their investment processes. Another trend in the Swiss Wealth Management market is the growing importance of digitalization. Swiss clients are increasingly using digital channels to access wealth management services, and expect a seamless and user-friendly digital experience. Wealth management firms in Switzerland have invested heavily in digital technologies to meet these expectations, offering online platforms and mobile apps that allow clients to access their accounts, view investment performance, and communicate with their advisors. This trend has been accelerated by the COVID-19 pandemic, which has highlighted the importance of digital capabilities in the wealth management industry.

Local special circumstances: Switzerland is known for its strong financial services industry, with a long history of wealth management expertise. The country's political stability, strong rule of law, and well-developed infrastructure have made it an attractive destination for wealthy individuals and families from around the world. In addition, Switzerland's favorable tax environment and strict banking secrecy laws have made it a popular choice for international clients seeking to preserve and grow their wealth. These factors have contributed to the growth of the Wealth Management market in Switzerland, attracting both domestic and international clients.

Underlying macroeconomic factors: Switzerland's strong economy and high per capita income levels have created a favorable environment for the Wealth Management market. The country's stable political and economic climate, as well as its well-developed financial markets, have attracted a significant amount of wealth from both domestic and international sources. In addition, Switzerland's strong currency and low interest rate environment have provided favorable conditions for wealth accumulation and investment. These macroeconomic factors, combined with the country's reputation for financial stability and expertise, have contributed to the growth of the Wealth Management market in Switzerland.

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).