Wealth management is defined as sales of wealth management services by entities which plan, advice on and manage various kinds of assets belonging to ultra high net worth, and high net worth individuals, corporations and government and private institutions. This is an investment advisory service that addresses the client’s needs. It can provide their clients with a comprehensive service to sustain and grow their wealth.
The global Wealth Management Market is studied in detail in the new report on Qualiket Research. The new report studies the Wealth Management Market by profiling its major driving factors and restraining factors, compiling a comprehensive database on the market’s historical growth trajectory and present conditions, and by using easy formulation of calculations and estimations through the use of industry-leading analytical tools and methods. The key economic factors affecting the global Wealth Management Market are studied in detail in the global Wealth Management Market report, including a detailed assessment of the microeconomic and macroeconomic environment of the market. Factors surrounding the market and affecting its movement are studied in detail in the report, allowing for a comprehensive understanding of the market’s likely growth trajectory of the market in view of the economic factors affecting its dynamics. PORTER’s five forces analysis is performed in the report in order to understand the effect of various economic drivers on the Wealth Management Market over the forecast period.
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Increase in demand for alternative investment is the key driving factor which is expected to boost the global wealth management market growth. Alternative investments are financial assets which do not fail into category of conventional financial assets like bonds, stocks, and cash. Examples of alternative investments include private equity, hedge property, mineral rights, commodities, art and antiquities, and real estate investment trusts. Furthermore, increase in interest of investors in alternative investments due to its benefits such as reduction in portfolio risk, diversification, and availability in private market less regulation, low correlation with other assets, and relatively high return which is expected to propel the global wealth management market growth. Moreover, high competition in wealth management is another driving factor which is expected to fuel the market growth. Private Banks, warehouse, independent advisors, and broker and dealers are putting best efforts in customer acquisition strategies as all of them compete to capture clients in the High Net Worth, and Ultra High Net Worth segments.
However, trust is the major challenging factor as the recent economic crises significantly reduce the client trust in wealth management. Recently, many organizations are opting for new operational models to complete effectively in the changing scenario and recover their losses instead of using traditional methods of wealth management which is expected to hinder the global wealth management market growth.
Market Key Players
Various key players are discussed in this report such as Wells Fargo & Company, JPMorgan Chase & Co., Bank of America Corporation, Morgan Stanley, UBS Group AG, HSBC Holdings plc, Credit Suisse Group AG, and The Goldman Sachs Group, Inc
By Client Type
By Asset Class
By Advisory Mode
By Enterprise Size
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