What is Wealth Management Market?
Wealth management is a combination of financial planning and specialized services such as retail banking services, estate planning, investment management services, legal and tax advice. Wealth management is a procedure that provides financial planning by a designated wealth advisor/manager.
The market study is being classified, by Application (Financial Advice Management, Portfolio, Accounting, and Trading Management, Performance Management, Risk and Compliance Management, Reporting and Others) and major geographies with country level break-up.
SS&C Technologies Holdings, Inc. (United States), Fiserv (United States), FIS (United States), Profile Software (United Kingdom), Broadridge (United States), InvestEdge (United States), Temenos (Switzerland), Finantix (Italy) and SEI Investments Company (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Comarch (Poland), Objectway (Italy) and Dorsum (Hungary).
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Wealth Management market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Wealth Management market by Type, Application and Region.
On the basis of geography, the market of Wealth Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing High Net worth (HNWIs) Population
- Growing Global GDP
Market Trend
- Changing Strategic Product Partnerships
Restraints
- Dependency on Traditional Methods
- Reduced Client Trust in Wealth Management
Opportunities
- Good Margins in the Wealth Management
Challenges
- Lack of Awareness about Wealth Management Solutions
Key Target Audience
Wealth Management Firms, Research Professionals, Network Solution Providers, Government Body & Associations and End-user