Europe: forecast actions required to grow revenue

As of 2022, the primary factor indicated by all survey respondents as essential to growing revenue was "retaining clients at risk of leaving". This trend carried over to 2025 projections as this specific factor remained on top of the ranking. In 2022, survey participants ranked "Increasing share of existing products and solutions to existing clients" as the third most important activity required to increase revenues. However, despite an increased score, relative ranking placed this action as the fifth most important activity by 2025 projections.

Actions by financial professionals to grow revenue in Europe in 2022 with a 2025 forecast

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Release date

July 2022

More information

Region

Europe

Survey time period

January to February 2022

Special properties

*De/Increased in relative ranking

Supplementary notes

Survey participants were asked to specify the primary measures they planned to take when maintaining and growing revenue now and up to 2025. Participants could select multiple answers.

Survey respondents were located in selected European countries (UK, Switzerland, Belgium, Spain, Italy, Finland, Austria and Luxembourg). 44 percent of participants were wealth managers, 17 percent worked in private banking, and 15 percent were Independent financial advisers (IFA). The remaining survey participants worked throughout fintech, asset management, investment platforms, retail banking, and robo-advisor services.

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