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, there were 10.4 million households with net worth exceeding one million U.S. dollars in 2015.
Wealth management companies
The private banks worldwide with largest amount of assets under management in 2016 were UBS (2.07 trillion U.S. dollars), Bank of America (1.97 trillion U.S. dollars) and Morgan Stanley (1.95 trillion U.S. dollars). The largest wealth management companies in the United States in terms of managed assets as of September 2017 were Bank of America Global Wealth and Investment Management (1.2 trillion U.S. dollars), Morgan Stanley Wealth Management (1.1 trillion U.S. dollars) and JP Morgan Private Bank (0.7 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 2016 were equities, cash and cash equivalents and fixed income.