The generation least satisfied by the services provided by their wealth management firms in relation to various investment products were the baby boomers. Less than 15 percent of boomers were satisfied with services relating to digital assets. This was a satisfaction rate of less than half that of Generation X and less than a third compared to the satisfaction rate of millennials.

Asset and Wealth Management Market Outlook

The global market size for Asset and Wealth Management was valued at approximately USD 3.2 trillion in 2023 and is projected to reach USD 6.5 trillion by 2032, growing at a CAGR of 8.1% during the forecast period from 2024 to 2032. The growth of this market is primarily driven by the increasing need for sophisticated financial advisory services, rapid technological advancements, and a heightened focus on personalized investment strategies.

A significant growth factor in the Asset and Wealth Management market is the rising global wealth, particularly among high net worth individuals (HNWIs) and institutional investors. As economies worldwide continue to expand, the accumulation of wealth has necessitated advanced asset management solutions. This growth is further fueled by the increasing complexities in financial markets, which require sophisticated portfolio management and advisory services to optimize returns and mitigate risks. Additionally, the trend towards globalization has opened new investment opportunities and diversified portfolios, further driving the market's growth.

Technological advancements have also played a crucial role in the expansion of the Asset and Wealth Management market. The integration of Artificial Intelligence (AI), blockchain, and big data analytics into financial services has revolutionized the way wealth management firms operate. These technologies enhance decision-making processes, provide deep insights through predictive analytics, and ensure higher levels of security and transparency in transactions. As a result, firms are better equipped to offer personalized advice and innovative financial products, catering to the evolving demands of their clientele.

The growing demand for personalized investment strategies is another major growth driver for the Asset and Wealth Management market. Clients are increasingly seeking tailored financial plans that align with their specific goals, risk appetites, and investment horizons. Wealth management firms are responding by offering bespoke financial solutions, including customized portfolio management, estate planning, and tax optimization services. This trend is particularly prevalent among HNWIs and institutional investors who require a more hands-on approach to managing their assets effectively.

Regionally, North America holds a significant share of the Asset and Wealth Management market, primarily due to its mature financial industry, high concentration of wealth, and advanced technological infrastructure. Europe also represents a substantial market, driven by the presence of numerous financial institutions and favorable regulatory frameworks. The Asia Pacific region is expected to witness the highest growth rate during the forecast period, fueled by rising wealth in emerging economies like China and India, increasing financial literacy, and a burgeoning middle class. Latin America and the Middle East & Africa are also projected to experience steady growth, albeit at a slower pace, due to economic uncertainties and regulatory challenges.

Investment Management Analysis

Investment management forms a core component of the Asset and Wealth Management market, encompassing activities that help individuals and institutions manage their investment portfolios. This segment includes a wide array of services such as asset allocation, portfolio management, and performance measurement. The demand for investment management services is driven by the need for professional guidance in navigating the complexities of financial markets and achieving optimal returns. With increasing market volatility and the proliferation of financial instruments, clients are seeking expertise to manage their investments strategically.

Technological advancements have significantly impacted the investment management segment. The adoption of AI and machine learning algorithms allows wealth managers to analyze vast amounts of data and generate insights for making informed investment decisions. Robo-advisors, a product of these technologies, have made investment management services more accessible to a broader audience by offering cost-effective and automated portfolio management solutions. These digital platforms cater particularly to younger investors who prefer technology-driven investment options over traditional advisory services.

Another critical trend within investment management is the growing emphasis on Environmental, Social, and Governance (ESG) criteria. Investors are increasingly considering ESG factors as part of their decisio

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Wealth Management Market Size 2025-2029

The wealth management market size is forecast to increase by USD 460.1 billion at a CAGR of 8.5% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing number of High Net Worth Individuals (HNWIs) globally. According to recent estimates, the worldwide population of HNWIs is projected to reach new heights in the coming years, presenting a substantial market opportunity for wealth management firms. Moreover, technological advances in the market are transforming the wealth management landscape. Fintech innovations, such as digital platforms, robo-advisors, and artificial intelligence, are disrupting traditional business models and enabling more personalized and cost-effective services. However, this technological evolution also puts pressure on pricing structures, forcing wealth management companies to reconsider their business models and adapt to the changing market dynamics. To capitalize on this market potential and navigate these challenges effectively, wealth management firms must stay abreast of the latest trends and developments, and continuously innovate to meet the evolving needs of their clients.

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

Request Free SampleIn today's digital business landscape, investment advisory services are undergoing a significant transformation. Traditional wealth managers are embracing technology to digitalize their processes and cater to the evolving needs of wealthy clients. Trusts and pension funds are increasingly turning to fintech advisors for personalized strategies, while alternative assets gain popularity in portfolio management. Hybrid advisory models, combining human and robo advisory services, are on the rise. Banks and insurance companies are also entering the fray, offering financial counselling and asset management solutions. Investment advisory services now encompass retirement planning, asset management, and funds, with a focus on meeting unique financial goals. Trust and transparency are crucial in this market. Alternative assets, such as private equity and real estate, offer diversification opportunities. The business model for investment advisory services continues to evolve, with a shift towards customized, data-driven strategies. Digitalizing business processes streamlines operations and enhances the client experience. The investment advisory market is dynamic, with trends like hybrid advisory and digital transformation shaping its future.

How is this Wealth Management Industry segmented?

The wealth 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. Business SegmentHuman advisoryHybrid advisoryRobo advisoryEnd-userBanksTrading and exchange firmsInvestment management firmsBrokerage firmsOthersGeographyNorth AmericaUSCanadaAPACChinaIndiaJapanEuropeFranceGermanyItalyUKSouth AmericaBrazilMiddle East and Africa

By Business Segment Insights

The human advisory segment is estimated to witness significant growth during the forecast period.Human advisory is an integral component of wealth management services, offering personalized recommendations and guidance based on an individual's financial goals, risk tolerance, and financial situation. Advisors consider factors such as income, expenses, assets, liabilities, and investment preferences to provide tailored advice and strategies. Additionally, human advisory includes features for budgeting and expense tracking, enabling users to create budgets, categorize expenses, and monitor spending habits. Furthermore, human advisors provide insights into investment options, asset allocation strategies, and risk analysis. The wide benefits of human advisory services are expected to increase their adoption, driving the growth of this segment in the market. Financial institutions are embracing digital channels, including cloud-based solutions and automation, to enhance their offerings and meet the evolving needs of clients. Transparent pricing tactics and investor education are becoming essential in the alternative investments sector, particularly in emerging economies. Portfolio management capabilities, including data mining and big data analytics, are essential for financial institutions to provide personalized strategies to wealthy clients. The use of artificial intelligence (AI) applications, such as natural language processing and machine learning capabilities, is transforming the investment advisory service. Robo advisory is gaining popularity, particularly among younger generations, as it offers low-cost, digitalized offerings. However, cyber risks and data protection concerns persist, necessitating the adoption of cyber security technology

Full-service institutions/universal banks showed the highest usage among wealth management clients worldwide in 2024, with around ** percent of clients using them for their private wealth management. The use of FinTech for wealth management was ***** percent in 2020, which increased to ** percent by 2024.

Global Wealth Management Market Size Was Worth $1.30 Trillion in 2022 and Is Expected To Reach $3.48 Trillion by 2030, CAGR of 11%.

Wealth Management Software Market Outlook

The global wealth management software market size is expected to experience a robust growth trajectory, with a projected compound annual growth rate (CAGR) of 14.27% from 2024 to 2032. In 2023, the market was valued at approximately USD 3.45 billion and is expected to reach a staggering USD 10.83 billion by 2032. This impressive growth is primarily driven by the increasing demand for efficient and automated financial advisory services and portfolio management solutions. As the financial sector becomes increasingly digitized, wealth management software is becoming an indispensable tool for financial advisors and institutions to manage client portfolios and deliver personalized services.

One of the primary growth factors driving the wealth management software market is the ongoing digital transformation in the financial services industry. Financial institutions are increasingly adopting advanced technologies to enhance operational efficiency, improve customer engagement, and reduce operational costs. As clients demand more personalized and data-driven financial advice, wealth management software provides the necessary tools to analyze large volumes of data and generate actionable insights. This digital shift is further accelerated by the growing adoption of artificial intelligence and machine learning technologies, which enable wealth managers to offer more tailored investment strategies and improved risk management solutions. Additionally, the integration of blockchain technology enhances data security, transparency, and trust, making wealth management software even more critical for modern financial service providers.

Another significant factor contributing to the growth of the wealth management software market is the rising global population of high-net-worth individuals (HNWIs) and their increasing financial advisory needs. As the number of HNWIs grows, so does the demand for sophisticated wealth management solutions that can cater to their complex financial profiles. Wealth management software provides a holistic view of clients' financial situations, enabling wealth managers to offer comprehensive advice that encompasses investment strategies, tax planning, estate management, and retirement planning. This demand is particularly evident in emerging markets, where economic growth is creating a new class of affluent individuals seeking professional financial management services.

The wealth management software market also benefits from regulatory changes in the financial services industry. As governments worldwide introduce stricter regulations to protect investors and ensure market stability, financial institutions must comply with a growing number of compliance requirements. Wealth management software helps institutions automate compliance processes, reduce the risk of regulatory breaches, and improve transparency. This compliance automation not only mitigates legal risks but also enhances the reputation of financial institutions, making them more attractive to clients. Moreover, the increasing focus on environmental, social, and governance (ESG) criteria is driving demand for software solutions that can integrate ESG factors into investment decision-making processes, further propelling market growth.

As the wealth management landscape continues to evolve, the role of Robo-Advisory Software is becoming increasingly prominent. This software leverages advanced algorithms and machine learning to provide automated, yet personalized, investment advice to clients. By analyzing vast datasets, robo-advisors can offer tailored recommendations that align with individual risk profiles and financial goals. The integration of robo-advisory solutions within wealth management platforms not only enhances efficiency but also democratizes access to professional financial advice, making it available to a broader audience. This trend is particularly appealing to tech-savvy millennials and digital natives who prefer seamless, technology-driven solutions. As a result, financial institutions are increasingly incorporating robo-advisory capabilities to meet the growing demand for innovative and cost-effective investment strategies.

Regionally, North America is currently the largest market for wealth management software, driven by a mature financial services sector and high technology adoption rates. However, the Asia Pacific region is expected to witness the fastest growth over the forecast period, with a CAGR of 16.2%. This growth is fueled by the rapid economic development in countries such as China an

According to Cognitive Market Research, the asset and wealth management market size is USD XX million in 2024 and will expand at a compound annual growth rate (CAGR) of XX from 2024 to 2031.

North America held the major market of more than XX of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX from 2024 to 2031.
Increasing demand for the industry would result in exponential growth with new investments in the market. 
Technological advancements are the main growth driver of the global asset and wealth management market. 
Security protocols in Global asset and wealth management are a restraint. 
Emerging market economies will further create lucrative opportunities for the Global asset and wealth management market. 
Based on the Advisory segment, Robo Advisory has seen the highest CAGR and market and will continue to grow in the upcoming years. 
Growing trends in the asset and management industry are investing more in technology, and cyber security to enhance security and data, offering effective services to clients and improving client acquisition.

Market Dynamics of asset and wealth management market

Key Driving Factors of the asset and wealth management market

How Technological advancements are impacting asset and wealth management?

The wealth management industry is anticipated to a strong growth in the coming years. There is a rising trend of technological transformation in this industry with a shift to online services. This leads to effective solutions and increasing demand in the industry. Wealth management firms have also started providing several services to clients with increased financial plans, etc. The robo-advisor technology is being widely used by the firms A hybrid approach that smoothly combines human services and technological innovation is the way wealth management will develop in the future. Wealth managers can take advantage of the power of data and analytics due to the boost in digital transformation. The rise of fintech firms has accelerated the growth in the global market. Although the wealth management industry works majorly through human advisors which is why there should be a right balance between technology and personal interactions with clients. There has been a significant shift in the demographic landscape of the wealth management industry, especially after the COVID-19 outbreak. Firms are providing services to clients across the globe through virtual meetings and by using more technological advancements and AI Tools. For instance, in 2020, the online brokerage company E*TRADE Financial Corporation was to be acquired by Morgan Stanley. The purchase intends to give Morgan Stanley's customers access to a more complete digital asset management platform and to grow the company's wealth management division.

Rising economic growth is the main driver for the global asset and wealth management market

The asset and wealth management market is driven by strong economic growth and is determined by several factors such as inflation, interest rates, macroeconomic conditions, etc. These factors play an important role in shaping investment and financial strategies. Resilient economic growth drives up the demand and results in healthy growth for the asset and wealth management market. Adoption of technology and productive investment both increase productivity. GDP growth and productivity growth are considerably accelerated by new investment. Businesses increase their investments in and use of digital and automation technologies in response to tight labor markets, which promotes productivity development. Redesigned supply chains are still effective, and there is a surplus of labor available worldwide thanks to a new wave of growing nations. Technology and innovation are effectively pushed by industrial strategy. The rapid expansion of the supply reduces inflationary pressure. As real interest rates average 1% and inflation falls to the target level, productive capital allocation is further encouraged. Adoption of new technologies, increasing disposable income, and rise in consumers For instance, in September 2023, as per the Bureau of Economic Analysis, the increase in GDP of the US economy resulted in strong growth for the Global asset and wealth management market.

Restraining factors of asset and wealth management mar...

Global Wealth Management market size is expected to reach $2726.44 billion by 2029 at 6.9%, segmented as by type of asset class, equity, fixed income, alternative assets, other asset class

As of 2024, less than 25 percent of high net worth individuals (HNWIs) noted they utilized wealth management services for some of their assets. Ten percent of respondents noted they worked with a wealth manager for all of their assets, while over half of respondents were uninterested in working with a wealth manager.

China Banks' Wealth Management Product: Net-Value: On Sale: Open-end data was reported at 3,540.000 Unit in Jul 2022. This records a decrease from the previous number of 3,593.000 Unit for Jun 2022. China Banks' Wealth Management Product: Net-Value: On Sale: Open-end data is updated monthly, averaging 2,132.000 Unit from Oct 2020 (Median) to Jul 2022, with 22 observations. The data reached an all-time high of 3,593.000 Unit in Jun 2022 and a record low of 1,322.000 Unit in Feb 2021. China Banks' Wealth Management Product: Net-Value: On Sale: Open-end data remains active status in CEIC and is reported by Puyi Standard. The data is categorized under China Premium Database’s Financial Market – Table CN.ZAM: Banks' Wealth Management Product: Number of Issuance.

The report covers European Wealth Management Market Firms is Segmented by Client Type (HNWI, Retail/ Individuals, Mass Affluent, and Other Client Types) and Wealth Management Firm (Private Bankers, Family Offices, and Other Wealth Management Firms). The report offers market size and forecasts for the Europe wealth management market in value (USD million) for all the above segments.

The dataset contains year wise Foreign Assets, Liabilities and Net Liabilities of Asset Management Companies and Mutual Funds Note: 1. Data is for end of March every year 2. Asset Management Companies (AMCs) are financial institutions that manage investments on behalf of clients across a wide range of asset classes, not limited to mutual funds. They handle portfolios for individuals, institutions, and corporations through mutual funds, discretionary mandates, portfolio management services (PMS), ETFs, and offshore funds. 3. International Finance refers to data on India's financial transactions and position relative to the rest of the world. This covers areas like the overall external balance sheet, cross-border investments, non-resident accounts, remittances, and foreign assistance flows 4. Asset Management Companies (AMCs) and Mutual Funds (MFs) are reported separately. Although MFs are typically a subset of AMCs, here they are treated as distinct entities.

Wealth Management Market Outlook

The global wealth management market size is expected to grow significantly, from USD 3.4 trillion in 2023 to an impressive USD 7.2 trillion by 2032, reflecting a compound annual growth rate (CAGR) of 8.5%. This exponential growth is driven by several factors including the increasing number of high net worth individuals, the rapid adoption of digital advisory tools, and evolving customer expectations for personalized financial services.

One of the primary growth drivers in the wealth management market is the increasing wealth of individuals globally. The rising number of high net worth individuals (HNWIs) and ultra-high net worth individuals (UHNWIs) has significantly fueled the demand for wealth management services. These individuals seek sophisticated and tailored financial solutions that can help them grow, preserve, and transfer their wealth efficiently. Additionally, the growth in the mass affluent segment is also contributing to the market expansion as more individuals seek professional advice to optimize their financial portfolios.

Technological advancements and digitalization are also playing a crucial role in the growth of the wealth management market. The adoption of robo-advisors and hybrid advisory models has made wealth management services more accessible and cost-effective. These digital platforms use algorithms and data analytics to provide personalized investment recommendations, making it easier for investors to manage their portfolios. Furthermore, the integration of artificial intelligence (AI) and machine learning (ML) in financial advisory services has enhanced the accuracy and efficiency of investment strategies, thereby attracting more clients to these platforms.

Changing customer expectations and preferences are also driving the growth of the wealth management market. Modern investors are looking for more than just traditional financial advice; they want comprehensive wealth management solutions that include estate planning, tax optimization, and retirement planning. Moreover, the increasing focus on sustainable and responsible investing has led to the emergence of Environmental, Social, and Governance (ESG) investing as a significant trend in the market. Wealth management firms are now offering ESG-compliant investment options to cater to the growing demand for ethical investing.

Regionally, North America continues to dominate the wealth management market, driven by the high concentration of HNWIs and UHNWIs, along with the presence of established financial institutions. However, the Asia Pacific region is expected to witness the highest growth rate during the forecast period. The rapid economic growth, increasing wealth of individuals, and rising adoption of digital financial services in countries like China and India are the key factors contributing to the market growth in this region.

Advisory Type Analysis

The advisory type segment in the wealth management market is broadly categorized into Human Advisory, Robo Advisory, and Hybrid Advisory. Human advisory remains the traditional and most prevalent form of wealth management, where clients receive personalized advice from financial advisors. This advisory type is particularly favored by HNWIs and UHNWIs who value the personalized touch and expertise of human advisors. Human advisors can offer comprehensive financial planning, estate planning, and tax optimization services that are tailored to the individual needs of their clients. Despite the rise of digital advisory tools, human advisory continues to hold a significant share of the market due to the trust and rapport built between advisors and their clients.

On the other hand, robo advisory is gaining significant traction, especially among the younger and tech-savvy population. Robo advisors use algorithms and data analytics to provide automated investment advice and portfolio management services. This advisory type is cost-effective and accessible, making it an attractive option for mass affluent and retail clients who may not have access to traditional wealth management services. The low fees and minimum investment requirements associated with robo-advisors have democratized access to wealth management services, allowing a broader segment of the population to benefit from professional financial advice.

Hybrid advisory combines the best of both worlds by integrating human expertise with robo-advisory technology. This model offers clients the convenience and cost-effectiveness of digital platforms along with the personalized touch of human advisors. Hybrid adviso

China Banks' Wealth Management Product(WMP): Fund Balance: CBRC data was reported at 29,100.000 RMB bn in Mar 2017. This records an increase from the previous number of 29,004.200 RMB bn for Dec 2016. China Banks' Wealth Management Product(WMP): Fund Balance: CBRC data is updated quarterly, averaging 9,080.000 RMB bn from Dec 2008 (Median) to Mar 2017, with 9 observations. The data reached an all-time high of 29,100.000 RMB bn in Mar 2017 and a record low of 820.000 RMB bn in Dec 2008. China Banks' Wealth Management Product(WMP): Fund Balance: CBRC data remains active status in CEIC and is reported by National Financial Regulatory Administration. The data is categorized under China Premium Database’s Financial Market – Table CN.ZAM: Banks' Wealth Management Product: Balance of Fund.

Bitext - Wealth Management Tagged Training Dataset for LLM-based Virtual Assistants

  Overview

This hybrid synthetic dataset is designed to be used to fine-tune Large Language Models such as GPT, Mistral and OpenELM, and has been generated using our NLP/NLG technology and our automated Data Labeling (DAL) tools. The goal is to demonstrate how Verticalization/Domain Adaptation for the [Wealth Management] sector can be easily achieved using our two-step approach to LLM… See the full description on the dataset page: https://huggingface.co/datasets/bitext/Bitext-wealth-management-llm-chatbot-training-dataset.

China Banks' Wealth Management Product: Net-Value Performance Benchmark: Fixed Income data was reported at 4.430 % in Dec 2021. This records a decrease from the previous number of 4.530 % for Nov 2021. China Banks' Wealth Management Product: Net-Value Performance Benchmark: Fixed Income data is updated monthly, averaging 4.595 % from May 2018 (Median) to Dec 2021, with 44 observations. The data reached an all-time high of 5.360 % in Jul 2018 and a record low of 4.040 % in Nov 2020. China Banks' Wealth Management Product: Net-Value Performance Benchmark: Fixed Income data remains active status in CEIC and is reported by Puyi Standard. The data is categorized under China Premium Database’s Financial Market – Table CN.ZAM: Banks' Wealth Management Product: Index Series.

The Overview of Latin America Wealth Management Industry is segmented by Client Type (HNWI, Retail/ Individuals, Mass Affluent and Others), Wealth Management Firm Type (Private Bankers, Family Offices and Others) and Geography (Brazil, Chile, Peru, Colombia, and the Rest of Latin America). The report offers Market size and forecasts for Latin America Wealth Management Market in value (USD Million) for all the above segments.

Smart Wealth Management Market Outlook

The global smart wealth management market size was valued at approximately USD 2.5 billion in 2023 and is projected to reach around USD 12.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 19.7% during the forecast period. The growth of this market is primarily driven by technological advancements and the increasing adoption of digital platforms in the financial services industry.

One of the significant growth factors for the smart wealth management market is the increasing demand for personalized financial advice and services. As clients become more tech-savvy, they seek digital solutions that offer tailored investment advice, real-time portfolio monitoring, and automated financial planning. The rise of artificial intelligence (AI) and machine learning (ML) technologies has enabled wealth management firms to offer more customized and efficient services, which in turn drives market growth. Furthermore, the proliferation of mobile applications and online platforms has made it easier for clients to access their financial information and manage their investments on the go.

Another critical factor propelling the market is the growing importance of data analytics in wealth management. Financial institutions are increasingly leveraging big data analytics to gain deeper insights into client behavior, preferences, and investment patterns. These insights allow wealth managers to make more informed decisions, improve client engagement, and offer more effective investment strategies. Additionally, the integration of advanced analytics with traditional wealth management practices enhances operational efficiency and reduces costs, further contributing to market expansion.

Regulatory compliance and risk management are also pivotal drivers for the smart wealth management market. As financial regulations become more stringent, wealth management firms are under pressure to adopt advanced technologies that ensure compliance and mitigate risks. Automated compliance solutions and risk management tools help firms adhere to regulatory requirements while minimizing operational risks. This not only safeguards the interests of clients but also enhances the reputation and credibility of wealth management firms, thereby driving market growth.

Switzerland High Net Worth Trends have been increasingly influential in shaping the global wealth management landscape. Known for its robust financial services sector and a long-standing tradition of banking excellence, Switzerland continues to attract high-net-worth individuals (HNWIs) from around the world. The country's stable political environment, strong regulatory framework, and commitment to privacy make it an attractive destination for wealth preservation and growth. As a result, many wealth management firms are focusing on understanding and catering to the unique needs of Swiss HNWIs, offering bespoke services that combine traditional banking with cutting-edge digital solutions. This trend is not only enhancing the client experience but also driving innovation and competition within the wealth management industry.

Regionally, North America holds a dominant position in the smart wealth management market, attributed to the presence of major financial hubs and a high concentration of wealth management firms. The region's robust technological infrastructure and early adoption of digital solutions also contribute to its market leadership. However, the Asia Pacific region is expected to witness the highest growth rate during the forecast period, driven by the increasing affluence of the middle class, rapid economic development, and the growing adoption of digital banking solutions.

Component Analysis

The smart wealth management market can be bifurcated into two primary components: software and services. The software segment encompasses various digital platforms, applications, and tools used for wealth management, while the services segment includes advisory, implementation, and support services provided by wealth management firms and third-party vendors. Both components play a crucial role in the overall functioning and efficiency of smart wealth management solutions.

The software segment is anticipated to witness significant growth during the forecast period, driven by the increasing demand for automated and AI-powered wealth management solutions. These software solutions offer a range of functionalities, in

As of 2024, the Malone Neuhaus Group a team apart of the Morgan Stanley Private Wealth Management's organization were the second best performing private wealth management team in the United States, with around 51.5 billion U.S. dollars in assets under management (AUM). Merrill Wealth Management's Global Corporate team took first place in leading teams by AUM, managing over 110 billion U.S. dollars in assets.

Wealth management client assets in the United States experienced significant changes between 2013 and 2022. The largest gain was in 2021, with an increase of 8.5 trillion U.S. dollars in total client assets. In 2022, however, the client assets decreased by 6.2 trillion U.S. dollars. Overall, between 2012 and 2022, the client assets increased by 11.9 trillion U.S. dollars.