Snapshot img

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

The UK Asset Management Market is Segmented by Asset Class (Equity, Fixed Income, Alternative Assets, and Other Asset Classes), by Firm Type (Broker-Dealers, Banks, Wealth Advisory Firms, and Other Firm Types), by Mode of Advisory (Human Advisory and Robo-Advisory), by Client Type (Retail and Institutional), and by Management Source (Offshore and Onshore). The Market Forecasts are Provided in Terms of Value (USD).

This statistic shows the numbers of large private banks and wealth managers on the United Kingdom (UK) market in 2016. Wealth management is a broad category of financial services, which includes management of client's assets, and optimization of investment portfolio, according to client's financial goals and objectives. Private banking provides services that might not include investments. It typically centers around high-net-worth-individuals (HNWIs) financial needs, offering personalized care of clients' finances, either by public or private financial institution. As of 2016, there were 116 private wealth management firms operating on the market in London.

UK Digital Wealth Management Platforms Market valued at USD 1.1 billion, driven by digital adoption, affluent investors, and personalized advice, with robo-advisors growing at +50% annually.

The Europe Wealth Management Market is Segmented by Client Wealth Tier (UHNWI, HNWI, and More), Mode of Advisory (Human Advisory, and Robo-Advisory), Firm Type (Private Banks, Family Offices, and More), Product Type (Fixed Income, Equities, and More), Management Source (Offshore, and Onshore), and Country (United Kingdom, Germany and More). The Market Forecasts are Provided in Terms of Value (USD).

This statistic presents the share of global market for private client wealth management services belonging to the United Kingdom (UK) from 2008 to 2014. Over the years, the UK share of the global market retained a relatively stable value, raising to ** percent in 2011, 2012 and 2013.

Based on our proprietary datasets, this report analyzes the UK’s wealth and retail savings and investments markets, with a focus on the high net worth (HNW) segment. This includes the overall affluent market size (both by the number of individuals and the value of their liquid assets) as well as a breakdown of liquid vs. illiquid HNW holdings. The report also provides analysis of the factors driving liquid asset growth, including a breakdown and forecast of total retail savings and investments split by asset classes including deposits, mutual funds, equities, and bonds. Read More

The global Wealth Management Market size is expected to expand from USD 1.6 trillion in 2024 to USD 4.58 trillion by 2034, demonstrating a CAGR of more than 11.1% between 2025 and 2034. Key industry players include UBS Group AG, Morgan Stanley, Bank of America Corporation, Wells Fargo & Company, JP Morgan Chase & Co., Goldman Sachs Group, Inc., Credit Suisse Group AG, BNP Paribas, Deutsche Bank AG, Citigroup Inc..

This report sizes the opportunity within the UK wealth market and analyzes the investment preferences, service requirements, and portfolio allocations of UK HNW investors. The report is based on our proprietary Global Wealth Managers Survey. Read More

The UK Financial Advisory Market report segments the industry into Service Type (Corporate Finance, Accounting Advisory, Tax Advisory, Transaction Services, Risk Management, Others), By Organization Size (Large Enterprises, Small & Medium-Sized Enterprises), and By Industry Vertical (BFSI, IT and Telecom, Manufacturing, Retail and E-Commerce, Public Sector, Healthcare, Others).

Discover the lucrative UK mutual funds market poised for significant growth. Explore market size, CAGR, key drivers, trends, restraints, and top players. Analyze segmentation by fund type & investor type. Invest wisely with our comprehensive market analysis. Recent developments include: In December 2023, BlackRock introduced a UK version of its LifePath Target Date fund range, aiming to compete with similar offerings from Vanguard and Legal & General Investment Management., In September 2023, AEW, an affiliate of Natixis IM specializing in real estate investment, unveiled its inaugural place-based impact investing strategy. This strategy leverages real estate's capacity to provide social and community infrastructure by combining investments that target social and environmental impact.. Key drivers for this market are: Growing Personal Wealth is Driving the Market, Retirement Plannings are Driving the Market. Potential restraints include: Growing Personal Wealth is Driving the Market, Retirement Plannings are Driving the Market. Notable trends are: Growing Personal Finance Sector is Driving the Market.

Snapshot img

Asset Management Market Size 2025-2029

The asset management market size is forecast to increase by USD 148 billion, at a CAGR of 6.2% between 2024 and 2029.

Major Market Trends & Insights

North America dominated the market and accounted for a 31% growth during the forecast period.
By the Component - Solution segment was valued at USD 199.70 billion in 2023
By the Source - Pension funds and insurance companies segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 65.83 billion
Market Future Opportunities: USD 148.00 billion 
CAGR : 6.2%
North America: Largest market in 2023

Market Summary

The market is a dynamic and diverse sector, encompassing various investment vehicles and strategies. According to recent studies, the global assets under management (AUM) in the asset management industry reached an estimated USD115 trillion in 2020, with equities and fixed income securities being the most popular asset classes. The market's evolution is marked by the increasing adoption of alternative investment strategies, such as private equity, real estate, and hedge funds, which accounted for approximately 22% of the total AUM in 2020. Moreover, the digital transformation of asset management has gained significant momentum, with the increasing use of artificial intelligence, machine learning, and big data analytics driving operational efficiency and enhancing investment decision-making. This trend is expected to continue, as asset managers increasingly leverage technology to meet evolving investor demands and adapt to a rapidly changing market landscape. Despite these positive developments, the asset management industry faces challenges, including regulatory compliance, cybersecurity threats, and the need to balance risk and return. As the market continues to evolve, asset managers must remain agile and innovative to meet the changing needs of their clients and maintain a competitive edge.

What will be the Size of the Asset Management Market during the forecast period?

Explore market size, adoption trends, and growth potential for asset management market Request Free SampleThe market experiences steady growth, with current performance registering at approximately 12% of total global assets under management. Looking forward, expectations indicate a potential increase of around 7% annually. Notably, the market's competitive landscape is characterized by continuous evolution, with firms focusing on enhancing return optimization through advanced credit risk modeling, sustainable investing metrics, and due diligence processes. Moreover, ESG integration strategies, data aggregation systems, and tax optimization strategies have gained significant traction, contributing to the market's expansion. In contrast, regulatory reporting and compliance regulations pose challenges, necessitating the adoption of sophisticated operational risk frameworks and risk factor analysis. Asset valuation methods, such as derivative pricing models and portfolio rebalancing strategies, remain essential components of asset management. The market's diverse investment strategies encompass equity portfolio construction, alternative investment strategies, and risk management models, among others. Inflation risk hedging and real estate valuation are also integral aspects, as are currency risk hedging and portfolio optimization. Quantitative analysis tools and financial modeling techniques are increasingly utilized for enhanced liquidity risk management and market risk assessment. Private equity valuation, hedge fund strategies, performance attribution, and impact investing frameworks further broaden the market's scope. Portfolio diversification and alpha generation strategies are critical for risk mitigation and generating superior returns.

How is this Asset Management Industry segmented?

The asset management industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ComponentSolutionServicesSourcePension funds and insurance companiesIndividual investorsCorporate investorsOthersTypeFinancial assetsPhysical assetsDigital assetsGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyUKAPACChinaIndiaJapanSingaporeRest of World (ROW)

By Component Insights

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

In the dynamic and complex world of asset management, businesses require robust solutions to effectively manage their assets and optimize returns. These solutions encompass various components, such as credit risk modeling, sustainable investing metrics, and return optimization. The due diligence process plays a crucial role in ensuring the selection of suitabl

The UK healthcare claims management market is projected to exceed USD 1.05 billion by 2030, driven by the rapid adoption of cloud-based solutions and regulatory compliance.

Wealth Data Platform Market Outlook

According to our latest research, the global Wealth Data Platform market size reached USD 4.1 billion in 2024. The market is experiencing robust expansion, driven by digital transformation initiatives and the increasing demand for advanced data management solutions in the financial sector. With a CAGR of 13.6% from 2025 to 2033, the market is projected to reach USD 12.7 billion by 2033. This growth is underpinned by the proliferation of wealth management platforms, the surge in regulatory compliance requirements, and the growing adoption of cloud-based solutions by banks, wealth management firms, and investment enterprises.

One of the primary growth factors for the Wealth Data Platform market is the accelerating digitalization across the financial services industry. As financial institutions strive to enhance customer experiences and streamline operations, there is an increasing reliance on data-driven decision-making. Wealth data platforms provide comprehensive solutions for aggregating, managing, and analyzing vast volumes of financial data, enabling organizations to offer personalized investment advice and optimize portfolio performance. The integration of artificial intelligence and machine learning into these platforms further augments their analytical capabilities, driving higher adoption rates among both established and emerging market players.

Another significant driver is the evolving regulatory landscape, which necessitates robust compliance and risk management frameworks. Financial institutions face mounting pressure to adhere to stringent regulations such as MiFID II, GDPR, and Dodd-Frank, which require meticulous data tracking, reporting, and security. Wealth data platforms are instrumental in automating compliance processes, reducing operational risks, and ensuring transparency. This has led to increased investments in software and services that can seamlessly integrate with existing systems, manage data complexity, and support regulatory reporting requirements, thus fueling market growth.

The shift toward cloud-based deployment and the proliferation of advanced analytics tools are also catalyzing the expansion of the Wealth Data Platform market. Cloud solutions offer scalability, cost efficiency, and enhanced collaboration capabilities, making them attractive to both large enterprises and small & medium enterprises (SMEs). As digital-native investors demand real-time insights and seamless digital experiences, financial firms are leveraging wealth data platforms to differentiate their offerings. The rise of family offices and boutique investment firms, particularly in emerging markets, is further contributing to the market’s dynamism as these entities seek agile, data-centric platforms to manage complex portfolios efficiently.

Regionally, North America dominates the Wealth Data Platform market, accounting for the largest share in 2024 due to the concentration of global financial institutions, early technology adoption, and a mature regulatory environment. Europe follows closely, propelled by robust wealth management sectors in countries such as the UK, Germany, and Switzerland. However, the Asia Pacific region is witnessing the fastest growth, driven by rapid economic development, increasing high-net-worth individual (HNWI) populations, and the expansion of digital financial services in countries like China, India, and Singapore. Latin America and the Middle East & Africa are also emerging as promising markets, supported by growing investments in financial infrastructure and rising demand for sophisticated wealth management solutions.

Component Analysis

The Wealth Data Platform market by component is segmented into software and services, each playing a critical role in the ecosystem. The software segment dominates the market, accounting for the majority of the revenue share in 2024. This dominance is attributed to the increasing need for robust data management, analytics, and automation capabilities within wealth management firms and financial institutions. Advanced software solutions enable seamless integration with core banking systems, facilitate real-time data processing, and support complex investment strategies. As the demand for personalized client experiences and portfolio optimization grows, financial firms are investing heavily in next-generation software platforms that leverage artificial intelligence, predictive analytics, and machine learning.<br /&g

In 2024, the United States had the ******* wealth management market, with total assets under management (AUM) of nearly **** trillion U.S. dollars. This figure is expected to reach over *** trillion U.S. dollars in 2029. The United Kingdom (UK) secured the second spot, with an AUM of more than ** trillion U.S. dollars in 2024, followed by France at around *** trillion U.S. dollars of assets under management during the same period.

This report provides an overview of the top wealth managers in the UK, based on business model and minimum investment thresholds as well as rankings based on assets under management. It explores regulations that pertain to wealth managers and offers insight into recent M&A activity, new entrants to the UK market, and divestment activity. The report also examines product and service innovations and personalized offerings. Read More

Fund management activities revenue is forecast to drop at a compound annual rate of 0.9% over the five years through 2025-26 to £29.9 billion, including estimated growth of 2.5% in 2025-26. Fund managers have had to navigate turbulent markets in recent years, hit by aggressive monetary policy, geopolitical tensions and muted economic growth. Such uncertainty made investors antsy, triggering volatile capital flows and creating unstable fee income. Economic uncertainty surrounding markets amid the threat of a recession, the cost-of-living squeeze and the gilt crisis in 2022-23 all shook key investor segments, causing the first net outflow in funding in 2022 since data was first recorded. Despite conditions remaining bleak in 2023-24, financial markets made a slow recovery, with both bond and stock markets benefitting from the expectation of interest rate cuts, triggering a rally at the tail-end of the year. However, amid fierce price competition and falling fees, this wasn’t enough to offset the drop in revenue during 2023-24. Capital markets performed well in 2024-25 thanks to further interest rate cuts and excitement surrounding generative AI supporting investment activity, driving up profit. However, fund managers exposed to US markets saw hefty declines at the start of 2025 due to Trump’s erratic tariff policies, which incited fears of a recession. In 2025-26, markets will remain edgy as continued uncertainty surrounding Trump’s tariff policies and fears of a tech bubble prompt large sell-offs, inciting fierce volatility. Investors are shifting allocations towards Europe, looking to benefit from growing military spending from major economies like Germany, supporting profit of 19.3% in 2025-26. Revenue is expected to grow at a compound annual rate of 6% over the five years through 2030-31 to £39.9 billion. Capital markets will continue to grow in the short term, propped up by the prospect of further rate cuts. However, equity remains vulnerable because soaring stock valuations seen in recent years can lead to a severe price correction if any negative news hits markets, hurting revenue growth. Already proving a useful tool for fund managers, AI will continue to gain momentum in the coming years, especially among smaller managers looking to improve data analytics capabilities and client offerings. Fund managers will also have to navigate the changing perceptions of ESG investments, which, although hitting the headlines over recent years, are beginning to lose the interest of investors due to their lower returns. While growth in the domestic economy may be slow in the coming years, investment companies will take advantage of growing opportunities in expanding markets, despite facing fiercer competition from foreign funds.

The leading investment firm in the United Kingdom in 2023, both in terms of global and UK assets under management, was the American firm BlackRock. Vanguard Asset Management Limited ranked second in global assets under management. Among asset managers headquartered in the United Kingdom, Legal & General is the largest. United Kingdom’s investment management industry The United Kingdom is the leading country in investment management in Europe, with more than a third of the total European assets under management. The net value of assets under management in the country was more than double as high as in France, the second largest country. Most of the assets under management in the country are managed for institutional clients, of which over 40 percent are pension funds. Assets under management in Europe The asset management industry in Europe grew almost each year during the last decade, except for a slight drop in 2018. The value of assets managed by a third-party asset manager was estimated to around 25.8 trillion euros in 2019.

UK travel insurance market expected to reach USD 3.61 billion by 2030, driven by digital sales and rising leisure travel.

The revenue in the 'Digital Investment' segment of the wealth management market in the United Kingdom was modeled to stand at ************* U.S. dollars in 2024. Following a continuous upward trend, the revenue has risen by ************** U.S. dollars since 2017. Between 2024 and 2029, the revenue will rise by ************** U.S. dollars, continuing its consistent upward trajectory.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Digital Investment.