Private Wealth Management - Statistics & Facts

Published by M. Szmigiera, Nov 20, 2018
Private wealth management has developed significantly in the recent years as a result of growth of affluence worldwide. The number of millionaires in North America increased from 3.39 million in 2010 to 5.66 million in 2017. The recent developments in Fintech market help to open up new Private Wealth Management products and services to people with smaller amounts of disposable income as shown in our Statista Report 2017. A similar trend has been observed in Europe as the number of millionaires grew from 3.13 million in 2010 to 4.83 million in 2017.

Wealth distribution globally
The largest amount of global private wealth, equal to 55.7 trillion U.S. dollars in 2016, was concentrated in North America. The value of private wealth in Western Europe and Asia Pacific in that year amounted to 40.5 trillion U.S. dollars and 38.4 trillion U.S. dollars respectively. According to the forecast, North America will remain in the lead in terms of private wealth value in 2021, but Asia Pacific will overtake Western Europe.

Wealth distribution in the United States
In the United States, Maryland had the highest ratio of millionaire households in 2017.

Wealth management companies
The private banks worldwide with largest amount of assets under management in 2017 were UBS (2.4 trillion U.S. dollars), Morgan Stanley (2.22 trillion U.S. dollars) and Bank of America (2.21 trillion U.S. dollars). The largest wealth management companies in the United States in terms of managed assets as of September 2018 were Bank of America Global Wealth and Investment Management (1.35 trillion U.S. dollars), Morgan Stanley Wealth Management (1.26 trillion U.S. dollars) and JP Morgan Private Bank (0.77 trillion U.S. dollars).

Fintech companies in the robo-advisory segment only had 126 billion U.S. dollars in assets under management in 2016, but were forecasted to grow to over 1 trillion U.S. dollars in 2021. Our Statista Report 2017 shows market sizes on a regional and country level, business models and company profiles of the Fintech Private Wealth Management companies such as SoFi, Betterment, and Wealthfront.

Investment preferences among affluent investors
The asset classes most popular among the high net worth individuals in North America in 2018 were equities, cash and cash equivalents and fixed income.

Interesting statistics

In the following 5 chapters, you will quickly find the 26 most important statistics relating to "Private Wealth Management".

Private wealth management

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Important key figures

The most important key figures provide you with a compact summary of the topic of "Private Wealth Management" and take you straight to the corresponding statistics.

Wealth distribution globally

Wealth distribution in the United States

Wealth management companies

Investment preferences among affluent investors

Investment advisory services

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