Private Wealth Management - Statistics & Facts

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 almost doubled between 2010 and 2019. A similar trend can be observed in Asia-Pacific and Europe. 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 2020.

Wealth distribution globally
The largest amount of global private wealth was concentrated in North America, followed by western Europe and Asia. However, the value of private wealth in Asia is rising more rapidly and is likely to overtake western Europe in the near future. China plays a significant role in this trend and was home to the second highest number of ultra high net worth individuals in 2019. In the United States, New Jersey had the highest ratio of millionaire households in 2020. In the same year, Mississippi had the lowest ratio of millionaire households per capita, where only four percent of households held assets worth more than one million U.S. dollars.

Wealth management companies
The largest private bank worldwide with largest amount of assets under management in 2019 was UBS. Although fintech solutions are increasingly used in the financial world, UBS discontinued their robo-advisor - SmartWealth - in 2018. CRM tools and performance reporting were seen as more valuable than robo-advisors by U.S. registered investment advisors in 2020.

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

Interesting statistics

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

Private wealth management

Dossier on the topic

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Private Wealth Management - Statistics & Facts

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 almost doubled between 2010 and 2019. A similar trend can be observed in Asia-Pacific and Europe. 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 2020.

Wealth distribution globally
The largest amount of global private wealth was concentrated in North America, followed by western Europe and Asia. However, the value of private wealth in Asia is rising more rapidly and is likely to overtake western Europe in the near future. China plays a significant role in this trend and was home to the second highest number of ultra high net worth individuals in 2019. In the United States, New Jersey had the highest ratio of millionaire households in 2020. In the same year, Mississippi had the lowest ratio of millionaire households per capita, where only four percent of households held assets worth more than one million U.S. dollars.

Wealth management companies
The largest private bank worldwide with largest amount of assets under management in 2019 was UBS. Although fintech solutions are increasingly used in the financial world, UBS discontinued their robo-advisor - SmartWealth - in 2018. CRM tools and performance reporting were seen as more valuable than robo-advisors by U.S. registered investment advisors in 2020.

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