Graph and download economic data for Personal Sector; Money Market Fund Shares; Asset, Transactions (BOGZ1FU173034005A) from 1946 to 2024 about MMMF, transactions, sector, assets, and USA.

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Wealth Management Market Size 2025-2029

The wealth management market size is valued to increase by USD 460.1 billion, at a CAGR of 8.5% from 2024 to 2029. Rising number of HNIs globally will drive the wealth management market.

Market Insights

North America dominated the market and accounted for a 40% growth during the 2025-2029.
By Business Segment - Human advisory segment was valued at USD 364.50 billion in 2023
By End-user - Banks segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 94.18 billion 
Market Future Opportunities 2024: USD 460.10 billion
CAGR from 2024 to 2029 : 8.5%

Market Summary

The market is a dynamic and evolving industry that caters to High Net Worth Individuals (HNIs) worldwide. With the increasing global wealth, the demand for comprehensive financial planning and investment management solutions has surged. Technological advances have significantly influenced the market, enabling digital platforms, robo-advisory services, and data analytics to streamline operations and enhance client experiences. However, this technological shift has also put pressure on pricing structures, compelling wealth management companies to reconsider their business models and offer competitive pricing. One real-world business scenario illustrates this trend: a multinational corporation optimizing its supply chain to reduce costs and increase efficiency. The company's CFO, seeking to minimize financial risks and maximize returns, engages a wealth management firm to manage its surplus cash. The firm, in turn, utilizes advanced technology to analyze market trends and identify investment opportunities, offering the corporation a personalized investment strategy. This collaboration not only reduces the corporation's operational burden but also ensures optimal returns on its cash reserves. In conclusion, the market is driven by the growing number of HNIs, technological innovations, and the need for operational efficiency. The industry continues to evolve, presenting both opportunities and challenges for companies to adapt and thrive.

What will be the size of the Wealth Management Market during the forecast period?

Get Key Insights on Market Forecast (PDF) Request Free SampleThe market continues to evolve, with financial institutions increasingly leveraging advanced technologies to cater to the unique needs of high net worth individuals and families. One notable trend is the integration of machine learning algorithms and financial data analytics to enhance portfolio construction and risk tolerance assessment. According to recent research, the use of these technologies in wealth management has led to a significant improvement in net present value calculations for clients. For instance, portfolio optimization through quantitative models has resulted in a 25% increase in average annual returns for clients, compared to traditional methods. Furthermore, wealth managers are expanding their offerings to include insurance investment strategies, retirement income planning, and responsible investing. Compliance monitoring tools, fee benchmarking, and investment policy statements are essential components of this evolving landscape. In fact, a recent study indicates that 70% of wealth management firms have implemented compliance monitoring tools to ensure adherence to regulatory requirements. Moreover, the shift towards cloud-based solutions for client communication and data security is gaining momentum. Information security management and data breach prevention are critical concerns for wealth management firms, with 80% of firms reporting that they have experienced a data breach in the past year. To address these challenges, firms are investing in advanced cybersecurity measures and implementing strict access controls. In summary, the market is undergoing significant transformation, driven by technological advancements and changing client expectations. Firms that prioritize innovation and adapt to these trends will be well-positioned to provide superior services and meet the evolving needs of their clients.

Unpacking the Wealth Management Market Landscape

In the dynamic the market, client onboarding procedures have seen significant improvements, with due diligence processes reducing average onboarding times by 30%. Portfolio rebalancing, a critical component of effective investment management, has become more efficient, with automated systems enabling real-time adjustments and minimizing potential deviations from target asset allocations by up to 15%. Data security protocols have become a top priority, with regulatory compliance systems ensuring alignment and reducing potential fines by 25%. Fee structures have evolved, with alternative investment strategies like private equity and hedge funds increasingly popular due to their potential for highe

With a market capitalization of 3.12 trillion U.S. dollars as of May 2024, Microsoft was the world’s largest company that year. Rounding out the top five were some of the world’s most recognizable brands: Apple, NVIDIA, Google’s parent company Alphabet, and Amazon. Saudi Aramco led the ranking of the world's most profitable companies in 2023, with a pre-tax income of nearly 250 billion U.S. dollars. How are market value and market capitalization determined? Market value and market capitalization are two terms frequently used – and confused - when discussing the profitability and viability of companies. Strictly speaking, market capitalization (or market cap) is the worth of a company based on the total value of all their shares; an important metric when determining the comparative value of companies for trading opportunities. Accordingly, many stock exchanges such as the New York or London Stock Exchange release market capitalization data on their listed companies. On the other hand, market value technically refers to what a company is worth in a much broader context. It is determined by multiple factors, including profitability, corporate debt, and the market environment as a whole. In this sense it aims to estimate the overall value of a company, with share price only being one element. Market value is therefore useful for determining whether a company’s shares are over- or undervalued, and in arriving at a price if the company is to be sold. Such valuations are generally made on a case-by-case basis though, and not regularly reported. For this reason, market capitalization is often reported as market value. What are the top companies in the world? The answer to this question depends on the metric used. Although the largest company by market capitalization, Microsoft's global revenue did not manage to crack the top 20 companies. Rather, American multinational retailer Walmart was ranked as the largest company in the world by revenue. Walmart also had the highest number of employees in the world.

Graph and download economic data for All Domestic Sectors; Money Market Fund Shares; Asset, Level (BOGZ1FL883034005A) from 1945 to 2024 about MMMF, sector, domestic, assets, and USA.

Graph and download economic data for Domestic Financial Sectors; Mutual Fund and Money Market Fund Shares; Liability, Level (BOGZ1FL793181205A) from 1945 to 2024 about MMMF, liabilities, sector, domestic, and USA.

The total global net assets of mutual funds registered in the United States amounted to approximately 28.54 trillion U.S. dollars in 2024, compared to around 5.53 trillion U.S. dollars in 1998. Mutual funds: additional information Mutual funds are investment funds in which the capital is pooled from several investors and then used to buy securities such as stocks, bonds, or money market instruments. Although investing in mutual funds rather than direct investment in individual securities still presents a certain degree of risk, it has become more and more common practice around the world. One of the biggest advantages of this type of investment is the fact that the fund assets are managed by professionals. They aim to eliminate some risk involved in investing in individual stocks and bonds through diversification of assets. As of 2024, there were almost 7,038 mutual funds domiciled in the United States. There are four main types of mutual funds, categorized by the nature of their principal investments, namely: stock or equity funds (whether domestic or international), bond or fixed income funds, money market funds, and hybrid funds. In 2023, domestic equity funds were the most popular category in the United States, representing 46 percent of all mutual fund and ETF assets.

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Mutual Funds Market Size 2025-2029

The mutual funds market size is valued to increase USD 85.5 trillion, at a CAGR of 9.9% from 2024 to 2029. Market liquidity will drive the mutual funds market.

Major Market Trends & Insights

North America dominated the market and accounted for a 52% growth during the forecast period.
By Type - Stock funds segment was valued at USD 50.80 trillion in 2023
By Distribution Channel - Advice channel segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 151.38 trillion
Market Future Opportunities: USD 85.50 trillion
CAGR : 9.9%
North America: Largest market in 2023

Market Summary

The market represents a dynamic and ever-evolving financial landscape, characterized by continuous growth and innovation. With core technologies such as artificial intelligence and machine learning increasingly shaping investment strategies, mutual funds have become a preferred choice for individual and institutional investors alike. According to recent reports, mutual fund assets under management globally reached an impressive 61.8 trillion USD as of 2021, underscoring the market's substantial size and influence. However, the market is not without challenges. Transaction risks, regulatory compliance, and competition from alternative investment vehicles remain significant hurdles.
Despite these challenges, opportunities abound, particularly in developing nations where mutual fund adoption rates have been on the rise. For instance, mutual fund assets in Asia Pacific grew by 15.3% in 2020, outpacing the global average. As market liquidity continues to improve and regulatory frameworks evolve, the market is poised for further expansion and transformation.

What will be the Size of the Mutual Funds Market during the forecast period?

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How is the Mutual Funds Market Segmented and what are the key trends of market segmentation?

The mutual funds industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD trillion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Stock funds
  Bond funds
  Money market funds
  Hybrid funds


Distribution Channel

  Advice channel
  Retirement plan channel
  Institutional channel
  Direct channel
  Supermarket channel


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    Spain
    UK


  APAC

    Australia
    China
    India


  Rest of World (ROW)

By Type Insights

The stock funds segment is estimated to witness significant growth during the forecast period.

Mutual funds, specifically those investing in stocks, constitute a significant segment of the financial market. These funds exhibit diverse characteristics, catering to various investor preferences. For instance, growth funds prioritize stocks with high growth potential, while income funds focus on securities yielding regular dividends. Index funds mirror a specific market index, such as the S&P 500, and sector funds zero in on a particular industry sector. Share classes within mutual funds differ based on the share of investment. For example, large-cap funds allocate a minimum of 80% of their assets to large-cap companies, which represent the top 100 firms in terms of market capitalization.

Investors can opt for dividend reinvestment plans, enabling them to reinvest their dividends to maximize returns. Tax-efficient investing strategies, such as tax-loss harvesting, help minimize tax liabilities. Bond fund yields and currency exchange risk are essential considerations for investors in bond funds. Risk management strategies, including diversification and asset allocation models, play a crucial role in mitigating potential losses. Fund manager expertise and regulatory compliance frameworks are essential factors for investors. Hedge fund strategies, financial statement audits, actively managed funds, and passive investment strategies all contribute to the evolving mutual fund landscape. Expense ratios, asset allocation models, capital gains distributions, and portfolio rebalancing techniques are essential metrics for evaluating mutual fund performance.

Inflation-adjusted returns and equity fund volatility are crucial for long-term investment planning. Alternative investment funds and exchange-traded funds (ETFs) offer additional investment opportunities, with global diversification benefits and passive investment strategies gaining popularity. Nav calculation methods and passive investment strategies further broaden the scope of mutual fund investments. According to recent studies, stock mutual fund adoption stands at 35%, with expectations of a 21% increase in industry participation over the next five years. Meanwhil

The growth of the Internet since its inception has fueled strong demand and profitability for web design services, as both businesses and households increasingly conduct activities online. The pandemic accelerated this trend, forcing businesses to upgrade their digital presence amid lockdowns and remote work, which resulted in significant revenue gains for web designers in 2020. This trend continued in 2021 as the strong economic recovery boosted corporate profit and gave businesses greater funds to invest in the industry’s services. More recently, high inflation and rising interest rates have raised costs and curtailed demand, with some businesses opting for cheaper alternatives like templates rather than custom web design, contributing to a drop in revenue in 2022. Despite these challenges, rising stock prices linked to AI advancements pushed business income substantially upward, enabling further investment in web design through 2023 and 2024 and benefiting revenue. However, high inflation and rising interest rates have recently raised costs and curtailed demand, with some businesses opting for cheaper alternatives like templates rather than custom web design. In response to shifting client expectations, web designers now prioritize mobile-first design, rapid performance, personalization and interactive content. These adaptations, along with investments in new technologies, have allowed web designers—especially smaller ones—to differentiate themselves and sustain long-term growth. Overall, revenue for web design services companies has swelled at a CAGR of 2.3% over the past five years, reaching $47.4 billion in 2025. This includes a 1.5% rise in revenue in that year. Market saturation will limit revenue growth for website designers moving forward. With nearly all US adults now using the Internet, opportunities for finding new customers are dwindling as internet usage approaches universality. As a result, major providers may turn to mergers and acquisitions to maintain market share, while smaller companies will likely focus on niche markets or specific geographies to secure stable income. Additionally, tariffs imposed by the Trump administration could further restrain demand by increasing consumer prices, reducing disposable income and pushing the economy toward recession. In response, web designers may expand geographically to find new clients. Amid these headwinds, AI and automation technologies are transforming design workflows, increasing efficiency while fostering a greater need for skilled workers and enabling more tailored services. Companies are also adapting by prioritizing inclusivity and sustainability, attracting broader demographics and eco-conscious clients. Overall, revenue for web design services providers is forecast to inch upward at a CAGR of 1.1% over the next five years, reaching $49.9 billion in 2030.

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Money Transfer Agencies Market Size 2024-2028

The money transfer agencies market size is estimated to grow by USD 15.84 billion at a CAGR of 11.54% between 2023 and 2028. In today's rapidly advancing world, technological innovations have significantly transformed the educational landscape. An increasing number of students are seizing the opportunity to expand their horizons by studying abroad, benefiting from diverse cultural experiences and world-class education. Simultaneously, the tourism industry is thriving, offering travelers unique experiences and connections to different parts of the globe. These trends are interconnected, as technological advancements facilitate international education and travel, making the world more accessible than ever before. The fusion of technology, global education, and tourism is revolutionizing personal and professional growth, fostering a more interconnected and dynamic world.

What will be the Size of the Market During the Forecast Period?

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Market Dynamic and Customer Landscape

The market encompasses a diverse range of players, including banks, Money Transfer Operators (MTOs), and various service providers. This sector caters to the monetary needs of individuals, businesses, and industries, facilitating international remittances and business payments. Financial technology innovations have significantly transformed the industry, enabling user-friendly mobile apps and online platforms for seamless transactions. Digital technologies and mobile devices have become integral to the MTA market, with retail agents and payout locations offering cash pickups and bank deposits as options. The market adheres to industry standards, ensuring secure and efficient monetary asset transfers across international borders. Intermediaries play a crucial role in the process, facilitating financial investments and promoting financial inclusion. The MTA market continues to evolve, with digital platforms and mobile applications revolutionizing the way funds are transferred between parties. The market's growth is driven by the increasing demand for convenient and accessible financial services, making it an essential component of the financial services industry. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

Technological advancements are notably driving market growth. The market has experienced significant growth due to the digital transformation in the financial services industry. With advancements in technology, banks, and financial establishments can now offer contemporary services such as cross-border e-commerce, multicurrency accounts, and real-time transaction tracking. Fintech disruptors have also entered the scene, providing innovative solutions for remittance services and money transfer operations. However, the market faces challenges in addressing financial crimes and ensuring security during international transactions. Remittance companies and money transfer operators facilitate funds transfer across international borders, acting as intermediaries for financial investments and financial inclusion.

Furthermore, retail agents, mobile applications, and cash pickups provide convenience for migrants, expatriates, students, and travelers. Payout locations and home addresses can be specified for funds transfer, making it easier for individuals to receive their remittances. Digital technology and mobile platforms have revolutionized cross-border payments, enabling currency exchange and mobile wallet transfers. Exchange rates and traditional financial institutions, including digital banks and wire transfers, continue to play a role in the market. Correspondent banks and partners collaborate to facilitate seamless transactions and expand reach. Overall, the Money Transfer Agencies Market is expected to continue growing as it adapts to the evolving needs of the global economy. Thus, such factors are driving the market's growth during the forecast period.

Significant Market Trends

The rising number of start-ups is the key trend in the market. The market is undergoing significant transformation, with fintech start-ups such as TransferWise and Revolut disrupting the industry by offering innovative solutions. These companies are attracting substantial financial investments and expanding their market share, posing a challenge to traditional remittance companies and money transfer operators (MTOs). According to recent reports, Paypal's Xoom holds approximately 23% of the market share. The payments landscape is expected to undergo substantial change during the forecast period, with the rise of digital technology and cross-border e-commerce. Financial crimes and security concerns are major ch

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Remittance Market Size 2024-2028

The remittance market size is forecast to increase by USD 57 bn at a CAGR of 13.54% between 2023 and 2028.

The market is experiencing significant growth, driven by technological advancements and government initiatives to promote digital payments. Keywords such as payments, wallets, and software are transforming the industry through FinTech innovations. The integration of blockchain technology, artificial intelligence, big data, and R analytics is revolutionizing the remittance landscape. Digital remittance solutions are increasingly popular, offering convenience, speed, and cost savings. However, challenges persist, including security concerns, regulatory compliance, and the need for financial education to ensure users fully understand the benefits and risks of digital remittances. As the market continues to evolve, staying informed about these trends and challenges is essential for businesses and individuals alike.

What will be the Size of the Remittance Market During the Forecast Period?

Request Free SampleThe market encompasses money transfers initiated by migratory workers and individuals seeking to send funds across borders. This market is characterized by a significant volume of cross border transactions, facilitated through digital transfer platforms and online transactions. Electronic devices, including mobile phones, have become increasingly important tools for executing these transactions, leading to the growth of digital remittance services. Financial security and anonymity are key considerations for users, who often incur extra fees and navigate complex paperwork to complete transactions. Regulators play a crucial role In the digital remittance business, implementing regulations to mitigate risks such as money laundering and terrorism funding.Despite these challenges, the market continues to expand, driven by the increasing popularity of digital payments and the need for convenient, cost-effective cross border payments. Money transfer costs remain a significant concern for users, with fees varying widely among different providers. Lack of knowledge and security barriers can also hinder adoption, necessitating education and innovation to address these concerns.

How is this Remittance Industry segmented and which is the largest segment?

The remittance industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. MethodNon-digitalDigitalTypeInwardOutwardGeographyNorth AmericaUSEuropeUKAPACMiddle East and AfricaSouth America

By Method Insights

The non-digital segment is estimated to witness significant growth during the forecast period. The non-digital segment dominates The market, accounting for the largest revenue share in 2023. Traditional methods such as Automated Teller Machines (ATMs) and cheques offer accessibility to senders and recipients, flexible remittance channels, and fund accessibility to recipients. The sense of security experienced through offline transactions is a significant factor contributing to the growth of this segment. Prior to the emergence of digital channels, non-digital methods were the only means for international remittances. Key advantages of non-digital remittance include ease of use, convenience, and the absence of digital barriers for international residents. These factors are expected to drive the growth of the non-digital segment In the market during the forecast period.Cross-border transactions continue to be a crucial aspect of the international economy, with migratory workers playing a significant role in driving remittance volumes. Regulators play a crucial role in ensuring financial security and preventing money laundering and terrorism funding through digital remittance services. Digital payment solutions, including mobile wallets and blockchain technology, are gaining popularity but still trail behind non-digital methods in terms of market share.

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The Non-digital segment was valued at USD 34.00 bn in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 31% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

For more insights on the market size of various regions, Request Free Sample

The digital the market is experiencing significant growth due to the increasing number of migratory workers requiring cross-border transactions. Digital transfer platforms and online transactions have become increasingly popular, facilitated by the widespread use of electronic devices. Cross-border payments are now easier and more convenie

Millennials were the leading customer groups of personal luxury goods, accounting for ** percent of all luxury goods spending worldwide. Born between 1961 and 1996, Millennials, or Gen Y, also represents the second-largest group with the highest disposable income in the United States. How do Millennials and Gen Z engage with luxury goods and services? With their increasing share in employment and wealth creation, younger generations play an increasingly important role across consumer industries worldwide. As digitally savvy generations, they not only use online channels to make purchases, but also research, follow, and get inspiration for new styles and brands. According to the results of a recent survey, luxury consumers aged between 19 and 41 were more keen on engaging with brands on social media, such as following an influencer or sending private messages to brands. State of the personal goods industry Worldwide, the personal luxury goods market remains relevant after bouncing back from the economic downturn of 2020. Based on Statista’s Consumer Market Insights, the personal luxury goods market was worth over *** billion U.S. dollars in 2024. The country spearheading the luxury goods revenue was the United States. U.S. consumers were also the main customers of the luxury goods industry, as one-third of the market revenue came from American nationals making luxury goods purchases.

The Gross Domestic Product (GDP) in Iran was worth 436.91 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Iran represents 0.41 percent of the world economy. This dataset provides - Iran GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

According to Cognitive Market Research, the global fintech market size is USD 251421.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 19.20% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 100568.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 17.4% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 75426.36 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 57826.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 21.2%% from 2024 to 2031.
Latin America's market will have more than 5% of the global revenue with a market size of USD 12571.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 18.6%% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 5028.42 million in 2024 and will grow at a compound annual growth rate (CAGR) of 18.9%% from 2024 to 2031.
The regtech sector held the highest fintech market revenue share in 2024.

Market Dynamics of FinTech Market

Key Drivers of FinTech Market

Adoption of Cloud Computing Technology in FinTech Services to Provide Viable Market Output: The fintech market encompasses innovative technologies that disrupt traditional financial services, offering efficient and convenient solutions to consumers and businesses. With the adoption of cloud computing technology, fintech services benefit from scalable infrastructure, enhanced data security, and improved accessibility. Cloud-based fintech platforms enable seamless integration, real-time data processing, and cost-effective operations, driving efficiency and innovation in areas such as payments, lending, wealth management, and insurance, ultimately transforming the financial landscape.

For instance, in September 2023, Finastra launched compliance-as-a-service, an end-to-end solution for banks operating in the US and Europe. This solution was launched on Microsoft Azure for instant bank payment.

(Source: https://www.finastra.com/press-media/finastra-launches-compliance-service-help-banks-combat-financial-crime-instant-payments )

Various Strategies Adopted by Key Players to Propel Market Growth: The fintech market encompasses various financial technologies that leverage digital innovation to enhance and streamline financial services. Key players in this dynamic sector employ diverse strategies to stay competitive. These include embracing blockchain technology for secure transactions, leveraging artificial intelligence and machine learning for personalized financial recommendations, implementing mobile payment solutions for convenience, and partnering with traditional financial institutions to expand market reach and access to services.

For instance, in March 2022, Envestnet partnered up with Productfy, a developer of a business-to-business FinTech platform. With this collaboration, FinTech creators using Productfy's platform would have direct access to Envestnet via a single interface.

(Source: https://www.yodlee.com/envestnet-yodlee-and-productfy-enter-partnership-offer-single-technology-platform-early-stage )

Key Restraint Factors Of FinTech Market

Issues Related to Data Privacy and Security Concerns to Restrict Market Growth: One significant restraint in the fintech market is the pervasive concern surrounding data privacy and security. The increasing reliance on digital financial services has escalated the risk of data breaches, identity theft, and unauthorized access to sensitive information. Regulatory compliance and adherence to stringent data protection laws pose challenges for fintech firms, impacting consumer trust and hindering the widespread adoption of innovative financial technologies.

Key Trends Factors Of FinTech Market

The Emergence of Embedded Finance and Banking-as-a-Service (BaaS): A significant trend within the FinTech sector is the emergence of embedded finance, which involves the seamless integration of financial services such as payments, lending, and insurance into non-financial platforms like e-commerce sites, ride-hailing applications, and ERP systems. This phenomenon is facilitated by Banking-as-a-Service (BaaS) models and APIs that enable third-party platform...

Graph and download economic data for Domestic Financial Sectors; Equity and Investment Fund Shares Excluding Mutual Fund Shares and Money Market Fund Shares; Liability (IMA), Transactions (BOGZ1FA793181105A) from 1946 to 2024 about mutual funds, MMMF, IMA, equity, transactions, liabilities, sector, investment, domestic, and USA.

Description Ascential Ascential (LSE: ASCL LN) is a £1.3B market cap events business with leading brands Money20/20 and Cannes Lions. The company recently divested its two other divisions and returned capital to shareholders. Ascential trades at a substantial discount relative to other publicly traded events businesses and recent transactions, despite operating market leading franchises that we believe should command a premium. With the majority of the capital return now complete and the HudsonMX strategic review underway, we believe Ascential’s shares are poised to re-rate or the company will become an acquisition target in an active M&A sector. Ascential operates two leading event platforms: Money 20/20 is the leading event platform serving the fintech community, including payments, banks, technology companies, VC-backed businesses, start-ups and regulators. Money 20/20 hosts annual events in Europe (June) and the U.S. (October), and recently hosted Money 20/20 Asia in Bangkok for the first time. Over the last twelve months, Money20.20 hosted attendees across its shows: 8,500 in Europe, 11,500 in Las Vegas, and over 3,000 in Asia. Attendance includes 18 of the top 20 banks and 16 of the top 20 fintechs. The show benefits from a strong network effect, with deep brand and ecosystem relationships. Money20.20 in the US and Europe are the #1 and #2 largest fintech events in the western world, being 2-3x larger than others. Cannes Lions serves the global marketing industry and is anchored by its flagship creative festival each June in Cannes, France at which the Cannes Lions Awards (effectively the Oscar awards for creatives) are presented. The show, featuring >25K awards and >11K attendees, is the global #1, market leading brand with 70 years of brand history and serves as the benchmark for the entire advertising industry. Marketing is a relationship business, and the festival enables strong in-person connections. However, it’s worth noting that management was able to pivot to digital awards in 2021, during the pandemic, such that its benchmark awards (1/3 of revenue) is not reliant on holding a physical event. This segment also includes the WARC business, which provides data and benchmarks to 1400 companies in >100 countries to enable marketers to drive growth and ROI. Event Calendar: April - Money20/20 Asia June – Money20/20 Europe June – Cannes Lions October – Money20/20 USA Investment Thesis 1. Market leading events are great businesses: Market leading shows have network effects whereby attendees, sponsors, speakers, and exhibitors want to attend shows where others are in attendance Customers prefer attending fewer, higher quality shows within specific niche driving consolidation and winner take most dynamics Both Money20/20 and Cannes Lions are “Marquee” world class brands Industry leader Informa segments brands into Marquee ($30m+), Power Brands ($10-30M), Market Brands ($3-10M), and National Brands ($1-3M) Captive customers create adjacent monetization opportunities including digital and subscription offerings Ascential has been successful in expanding Cannes Lions with adjacent subscription and advisory services and has recently launched digital services at Money20/20 Attractive financial characteristics High levels of reoccurring revenue Repeatable event revenue and 33% of sales from non-event sources, including subscription, and benchmarks Low capital intensity Capex just 2-3% of revenue Structurally negative working capital given upfront billings Average NWC of 20-25% of sales and FCF conversion of 100%+ High fixed cost leverage drives high margins for winners and barriers to scale Mid-30s EBITDA margins 2. Many organic and inorganic growth opportunities within existing franchises: Strong track record with double-digit annual growth achieved over the last decade Geographical expansion: Launched Money20/20 Asia in 2024 with over 3,000 attendees, achieving internal aspirations Previously expanded Money20/20 into Europe in 2016, an event that now generates £30M of sales in 2023 No further announced plans for expansion, but potential to expand brand to LATAM and the middle east Product Innovation Ascential continuing to experiment with pricing and packaging of events in addition to LSD increase in base prices Money20/20 launching digital marketing intelligence offering “twentyfold” which has become a successful category launch by Informa Expansion within events – such as taking on additional space, hotel bookings, and category expansion Sponsorship revenue has grown significantly over the last several years, increasing by 15% CAGR at Lions since 2016 Bolt-on M&A has been successful Digital subscription service, WARC, with 95% retention was acquired for 24m in 2018; generates 6m+ of profit with the business doubling since acquisition. This is shown in Congress Stock Trade Tracker. Recent acquisition of Contagious, which is advisory services selling into Cannes Lions’ customer base 3. Events businesses solidified their value proposition with attendees during the pandemic with industry participants continuing to point towards growth: The pandemic underscored the importance of in person events to convert digital interactions into relationships Reports of Robust events business across major exhibition companies – Informa, Emerald, and Reed Exhibitions Informa indicated “Momentum is strong across all major geographic regions, including North America, Asia and IMEA (India, Middle East & Africa)” Emerald described its core trade show business as strong with year-over-year growth in revenue driven by increases in exhibitors, attendees and pricing Tailwinds for continued recovery post pandemic and ongoing growth Industry supplier GES – which operates 3600 events globally each year – forecasts strong like for like growth at events GES reported same event square footage vs 2019 of 81% in Q1 2023 vs 90% in Q1 2024 vs 2019 and expects continued recovery of show sizes to 2019 levels Markets ex-Asia recovered in 2022 and 2023 with Asian markets continuing recovery into 2024 Business travel routes and spending continue to recover and exceed pre-pandemic levels with airlines continuing to add seat supply Significant expansion in trade show capacity over the last decade with venue space increasing from 34.7M sqm in 2016 to 40.6M in 2022 4. Rumored strategic interest from well-funded parties with a long list of potential buyers which we believe will resurface after the HudsonMX process is completed: Several reports of interest in Ascential’s event business during the company’s strategic review process in 2023 Notable report from Mark Kleinman, who originally scooped that Ascential was undergoing a strategic review, that a consortium of buyers backed by private equity were interested Parties included Hyve, which was acquired by Providence Equity in 2023. Hyve is run by Mark Shashoua, who previously ran Ascential’s event business and acquired part of Ascential’s portfolio in 2018. We believe there would be interest from many other well-capitalized Events platforms, including Informa, Emerald Exhibitions, Reed Elsevier, DMGT, Blackstone (Clarion Events), Phoenix Investments (Nineteen Group), and Arc Network (Eagle Group) We believe Informa and other platforms would be willing to pay at least 440 per share for Ascential. This is according to Google indexer. Informa has discussed a sub-9x synergy multiple as a selling point for many of its recent post-pandemic deals For its Tarsus deal, Informa generated $20M+ in cost synergies from $175M in sales, which would imply £26M of synergies for Ascential – which we think is conservative given Tarsus was PE owned and Ascential has £13M in head office and plc costs Informa also generated £100M in synergies from its UBM acquisition which equated to over 10% of sales. While not significant to the value of the group, we believe the sale of HudsonMX, a media management platform, will drive more M&A interest in Ascential HudsonMX lacks strategic fit for potential acquirers and, as a startup, is loss making, which creates further disinterest We believe there is interest for standalone HudsonMX: Alongside the sale of Digital Commerce to Omnicom, it was noted that Omnicom was interested in HudsonMX MediaOcean is also a likely interested party, who has been speculated to have previously bid for HudsonMX Financials We believe growth will accelerate in 2025 as events normalize after the strong post-covid event and fintech environment in 2022 / 2023, Money20/20 Asia grows, and other growth initiatives take shape. We believe EBITDA margins will expand as the group builds operating leverage as Money20/20 leverages its fixed costs and the company continues to grow. Valuation We believe Ascential is worth at least low-teens EBITDA with publicly traded peers, acquisition comps, and post synergy targets from Informa pointing towards these levels. Nancy Pelosi seems to agree with us since the stock is in Nancy Pelosi Stock Trades Tracker. With that said, we believe Ascential has higher quality assets than recent acquisitions and should trade at a premium. Catalyst Sale of HudsonMX (H1 2024) – we believe a successful sale of HudsonMX could be worth an incremental 25-50p per share, but view a sale as removing an overhang for the public markets and a poison pill for acquirers Money20/20 Europe (June 4-6) – Ascential announcing attendance figures from the event occurring Cannes Lions (June 17-21) – company announcing award entries and other figures from the event Money20/20 US (October 27-30) – Ascential announcing attendance figures from the event occurring

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Graph and download economic data for Personal Sector; Money Market Fund Shares; Asset, Revaluation (BOGZ1FR173034005A) from 1946 to 2024 about revaluation, MMMF, sector, assets, and USA.

In 2025, stock markets in the United States accounted for roughly ** percent of world stocks. The next largest country by stock market share was China, followed by the European Union as a whole. The New York Stock Exchange (NYSE) and the NASDAQ are the largest stock exchange operators worldwide. What is a stock exchange? The first modern publicly traded company was the Dutch East Industry Company, which sold shares to the general public to fund expeditions to Asia. Since then, groups of companies have formed exchanges in which brokers and dealers can come together and make transactions in one space. Stock market indices group companies trading on a given exchange, giving an idea of how they evolve in real time. Appeal of stock ownership Over half of adults in the United States are investing money in the stock market. Stocks are an attractive investment because the possible return is higher than offered by other financial instruments.

In September 2024, the disposable personal income in the United States increased by 0.3 percent from the previous month. The data are in current U.S. dollars, seasonally adjusted at annual rates. Disposable personal income in the United States According to the BEA, personal income is the income that is received by persons from all sources. It is calculated as the sum of wage and salary disbursements, supplements to wages and salaries, proprietors' income with inventory valuation and capital consumption adjustments, rental income of persons with capital consumption adjustment, personal dividend income, personal interest income, and personal current transfer receipts, minus contributions for government social insurance. In simple terms, disposable personal income is the total remaining income after taxes paid; it is the income available to persons for spending or saving. It is useful to economists because it measures the amount of money available for spending in a specific area. Disposable personal income is a significant indicator of an economy’s health. Personal income determines an individual’s ability to consume goods and services, i.e. personal consumption expenditure, and industries producing consumer goods and services contribute heavily to United States gross domestic product. The retail trade industry, for example, contributed 1.38 trillion chained U.S. dollars to the GDP of the United States in 2021. Total real GDP amounted to about 22.99 trillion U.S. dollars that year. The arts, entertainment, recreation, accommodation and food services industry contributed 839.6 billion U.S. dollars to the GDP in 2021. Personal income in the United States was 21.06 trillion U.S. dollars in 2021, the highest value in over ten years.

Graph and download economic data for All Domestic Sectors; Money Market Fund Shares Held in Public Institutional Accounts (ICI); Asset, Level (BOGZ1FL883034010A) from 1945 to 2024 about MMMF, sector, domestic, assets, and USA.