Wealth Management - Netherlands

Netherlands

In the Netherlands, the Wealth Management market is expected to witness significant growth in the coming years.
By 2024, the Assets under Management in this market are projected to reach a staggering US$2,748.00bn.
Financial Advisory, in particular, is set to dominate the market with a projected market volume of US$2,726.00bn in the same year.
Looking ahead, the Assets under Management are anticipated to display a steady annual growth rate of 0.67%, as projected for the period 2024-2028.
This growth trajectory is expected to result in a market volume of US$2,822.00bn by the year 2028.
The Wealth Management market sector in the Netherlands is poised for remarkable expansion, driven by these impressive figures.
The Netherlands' wealth management market is experiencing a surge in demand for sustainable investment options driven by the country's strong commitment to environmental and social responsibility.

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

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Analyst Opinion

The Wealth Management market in Netherlands has been experiencing significant growth and development in recent years.

Customer preferences: Customers in the Netherlands have shown a strong preference for personalized and holistic wealth management services. They value the expertise and advice of wealth managers in creating tailored investment strategies that align with their financial goals and risk tolerance. Additionally, there is a growing demand for sustainable investing, with customers seeking wealth management solutions that incorporate environmental, social, and governance (ESG) factors into their investment decisions.

Trends in the market: One of the key trends in the Wealth Management market in Netherlands is the increasing adoption of digital platforms and tools. Wealth management firms are leveraging technology to enhance the customer experience, streamline processes, and provide real-time access to investment information. This trend is driven by the rising demand for convenience and accessibility, as well as the need to cater to a younger, tech-savvy client base. Another trend in the market is the growing popularity of passive investing. Customers are increasingly opting for low-cost index funds and exchange-traded funds (ETFs) as a way to achieve broad market exposure and diversification. This trend is partly driven by the belief that active fund managers may not consistently outperform the market, leading customers to seek more cost-effective investment options.

Local special circumstances: The Netherlands has a well-developed pension system, with a significant portion of the population relying on pension funds for their retirement income. This has implications for the Wealth Management market, as wealth managers need to consider the unique needs and preferences of pension fund members. There is a growing demand for retirement planning and income solutions that can help individuals make the most of their pension savings.

Underlying macroeconomic factors: The robust economy of the Netherlands, characterized by low unemployment rates and steady GDP growth, has contributed to the growth of the Wealth Management market. As individuals accumulate wealth, they seek professional advice and services to manage and grow their assets. The stable economic environment also provides a favorable backdrop for investment opportunities, attracting both domestic and international investors. Furthermore, the Netherlands has a well-regulated financial sector and a strong culture of investor protection. This instills confidence in customers and encourages them to engage with wealth management services. The regulatory framework ensures that wealth managers adhere to high standards of transparency, accountability, and client protection, further enhancing the credibility and attractiveness of the market. In conclusion, the Wealth Management market in Netherlands is experiencing growth and development driven by customer preferences for personalized and holistic services, the adoption of digital platforms, the popularity of passive investing, the unique circumstances of the pension system, and the underlying macroeconomic factors of a robust economy and strong regulatory framework.

Methodology

Data coverage:

The data encompasses B2C enterprises. The figures are based on gross revenues, assets under management, and user & advisor data of relevant services and products offered within the Wealth Management market.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players, industry reports, third-party reports, publicly available databases, and survey results from primary research activities (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as: GDP, gross national income (GNI), consumer spending, total investment (% of GDP), high income (% of population), and number of high-net-worth individuals (HNWI). This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.

Additional notes:

The market is updated twice a year in case market dynamics change. The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development).