Financial Advisory: market data & analysis

Market Insights report

Financial Advisory: market data & analysis

Financial advisory is the process of providing guidance and recommendations to clients regarding their financial decisions. Financial advisors use their expertise and knowledge to help clients make informed decisions about their investments, retirement planning, taxes, insurance, and other financial matters. The Financial Advisory segment encompasses the revenues generated by this service by both financial institutions and advisors, and includes the number of financial advisors, average revenue per advisor, and assets under management (AUM).

This report provides an overview of the Financial Advisory market and includes a range of statistics: the overall market development, a forecast until 2027, worldwide comparisons, and more. The market data comprises Assets Under Management (AUM), Company Revenue, Advisor Revenue, Average Revenue Per Advisor, and Financial Advisors. In total, the worldwide assets under management of the financial advisory, which amounted to US$111.2 trillion in 2022, are expected to continue to grow at a steady rate to reach US$149.9 trillion by 2028.

What's included?

  • All relevant Financial Advisory data, including market size & forecasts until 2027
  • Overview and worldwide comparison
  • Trends and market developments

Table of contents

The Financial Advisory market is driven by various trends. The fast development of digital platforms and robo-advisors lead to a decrease in traditional wealth management. However, in 2022, the overall global Assets under Management in Financial Advisory market still held a massive share of 97.49%, compared to its digital counterpart.

Furthermore, the change in investor demographics where more women and younger generations enter the market has shifted the demand for more socially responsible and sustainable investment options. Wealth managers are increasingly offering products that align with these values to provide investors with a sense of purpose that goes beyond financial returns. The market is also subject to increasing regulatory scrutiny, particularly in the areas of investor protection and fee transparency. This has led to a greater focus on compliance and regulatory requirements among wealth managers and has also increased the demand for independent financial advice.​​

Overall, the Digital Investment market represents a growing challenge for traditional Financial Advisory to deliver innovative and convenient financial services to meet the changing needs of investors. The Assets under Management are expected to grow at a steady rate of 6.5%, by 2028. ​

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