Wealth Management Market
Report ID: SQMIG40J2008
Report ID: SQMIG40J2008
sales@skyquestt.com
USA +1 351-333-4748
Report ID:
SQMIG40J2008 |
Region:
Global |
Published Date: July, 2025
Pages:
179
|Tables:
91
|Figures:
69
Global Wealth Management Market size was valued at USD 1.83 Trillion in 2024 and is poised to grow from USD 2.09 Trillion in 2025 to USD 5.95 Trillion by 2033, growing at a CAGR of 14% during the forecast period (2026–2033).
The global wealth management market growth is being driven in large part by a number of factors, including increases in global wealth, demand for individual financial guidance, and the rapid adoption of new digital tools. There are a growing number of HNWIs (high-net-worth individuals) and mass affluent consumers that have started to pursue custom investing solutions to provide diversification, risk mitigation, and long-term advice.
One of the major drivers of this trend is the rapid onboarding of artificial intelligence (AI) in the wealth advisory space, with examples such as Goldman Sachs and Citi Ventures investing in the Canadian company, Conquest Planning, in June 2025. The firm utilizes artificial intelligence (AI) to assist financial advisors in designing and delivering highly customized, goal-centric offerings. This investment aligns with the wider trend of financial institutions implementing AI to enhance productivity and client engagement.
Another key wealth management industry trend is the emergence of hybrid advisory models using robo-advisory capabilities with human skill to respond to changing client demands. As a reflection of younger investors' desire for impact and ESG-compliant portfolios, firms are adding sustainability to their offerings. These changes are changing the competitive landscape of global wealth management.
How is Generative AI Transforming Wealth Management Advisory Services?
One major evolution in wealth management technology is the use of generative AI as part of their client advising services. Wealth management firms are moving quickly to use generative AI. Few provide an AI-powered virtual assistant to handle complex client queries, portfolio analysis and financial education in real time.
Market snapshot - 2026-2033
Global Market Size
USD 1.68 Trillion
Largest Segment
Hybrid Advisory
Fastest Growth
Robo Advisory
Growth Rate
14.0% CAGR
To get more insights on this market click here to Request a Free Sample Report
The global wealth management market is segmented into types of asset class, advisory mode, type of wealth manager, and region. By type of asset class, the market is divided into equity, fixed income, and alternative assets. Depending on advisory mode, it is classified into human advisory, robo advisory, and hybrid advisory. According to the type of wealth manager, the market is categorized into private banks, investment managers, full-service wealth managers, and stockbrokers. Regionally, it is analyzed across North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
What Differentiates Asset Classes in the Wealth Management Market?
As per the 2024 global wealth management market analysis, during the anticipated period, the equity segment is anticipated to maintain its dominant position within the asset class category. Due to the potential for large gains, especially in a rising stock market, stocks are preferred. High-net-worth individuals (HNWIs) are also drawn to equity portfolios because of the growing popularity of thematic and ESG investing.
On the other hand, alternative assets like real estate, hedge funds, and private equity are becoming more popular. HNWIs are becoming more interested in risk-adjusted returns and diversification. In the meantime, conservative investors continue to favor fixed income, particularly as global interest rates rise, and bond and other debt asset yields rise as well.
How are Advisory Modes Reshaping the Wealth Management Experience?
Based on the 2024 global wealth management market forecast, the hybrid advisory category is emerging out of its rapid growth with expected dominance of the market. The hybrid model appeals to both digital natives, and more traditional investors, because it has the human element combined with digital capabilities to achieve a middle ground of value and personalization.
The robo advisory category is gaining the largest wealth management market share, particularly with millennial and mass-affluent investors who are searching for minimal cost and the ability to automate and manage a portfolio. In relation to the HNWI and ultra-HNWI segments, trust in the long-term adviser on complex estate and tax planning elements will still be built on a human-factor for plans.
To get detailed segments analysis, Request a Free Sample Report
Why is North America Leading the Wealth Management Market Revolution?
As per the wealth management market regional analysis, North America dominates the market because of its advanced financial system and sizable HNWI population. Morgan Stanley reports that the use of hybrid advice contributed to a 12% increase in clients who were digitally onboarded in 2024. Advisors were able to increase engagement with AI technologies such as real-time portfolio optimization. As of 2025, JP Morgan Private Bank's implementation of ESG-focused mandates aimed at younger clients looking for ethical investing is contributing to an increase in ESG integration.
U.S. Wealth Management Market
In 2024, the U.S. Securities and Exchange Commission (SEC) approved new rules for AI-based portfolio modeling, allowing firms such as Goldman Sachs to use dynamic asset allocation tools. With an estimated USD 84 trillion in intergenerational wealth transfer, the United States remains the leader in AUM. To better serve millennial and Gen Z clients, Fidelity Investments improved its hybrid advising service by 2025 by fusing automated tools with human insight.
Canada Wealth Management Market
In 2024, RBC Wealth Management introduced its AI-powered planning tool to the Canadian market, providing estimated tax and retirement plans. The Wealthsimple platform, which prioritizes low-cost, digital-first investing, had over 3 million users by 2025. Dual citizens of the US and Canada are increasingly using cross-border estate planning. As younger clients place a higher value on digital interactivity, transparency, and socially conscious investment portfolios, HNWIs are increasingly using robo-advisory platforms.
What’s Driving Europe’s Transition Toward ESG-Centric Wealth Management?
The European wealth management sector is changing due to digital disruption and ESG laws. MiFID II legislation helped UBS increase its digital advisory presence in the region in 2024. Wealth managers began automatically providing ESG advice after the European Investment Bank declared that green portfolio allocations would increase by early 2025. AI chatbots and customized dashboards are now commonplace, enabling businesses to provide their multigenerational clientele with better service.
UK Wealth Management Market
The UK wealth management market is growing at a significant rate due to major players operating within the country. For instance, Moneyhub, a fintech company, joined forces with St. James's Place in 2024 to improve data-driven wealth planning services. Companies were required to provide more transparent and outcome-oriented guidance starting in mid-2024 by the FCA's Consumer Duty rule. Due to consumers between the ages of 30 and 45 looking for AI-generated risk analysis and ESG-aligned portfolios, AUM for hybrid platforms such as Nutmeg increased by 20% by 2025. Advances in digital-first advice are increasing market rivalry.
France Wealth Management Market
The French wealth management industry is growing considerably with the sustainable launches by key players in the market. After launching its sustainable investing platform in 2024, BNP Paribas Wealth Management reported a 30% increase in client assets with an ESG focus. The French financial regulations and MiFID II are forcing companies to digitize their planning and onboarding processes. A hybrid advising service that leverages artificial intelligence (AI) to provide behavioral finance insights was introduced by Crédit Agricole by 2025. The two biggest issues facing France's aging wealthy population are wealth transfer and tax-efficient investing.
Germany Wealth Management Market
The German wealth management market grew considerably. When Deutsche Bank unveiled its AI-powered investing assistant in 2024, it was time to provide real-time market volatility data. The integrated wealth planning modules of Neobank N26 were operational by 2025, serving younger clients with modular portfolios. The widespread use of ESG is demonstrated by the fact that sustainability criteria are now included in more than 60% of new portfolios. Strong customer trust in respectable institutions is fueling trends in pension-focused investments and generational planning.
What Makes Asia-Pacific the Fastest-Growing Wealth Management Region?
Asia-Pacific continues to have the fastest growth rate in the wealth management market due to its rapid adoption of digital technology and rising levels of wealth. HSBC Asia opened its Wealth Center in Hong Kong in 2024, offering customized financial planning through artificial intelligence-powered insights. According to DBS Bank, the number of hybrid advisory clients in Singapore and India is expected to increase by 40% by 2025. The popularity of family offices and cross-border tax services is rising, especially among wealthy individuals and IT entrepreneurs in China and Southeast Asia.
India Wealth Management Market
The wealth management industry is growing in India. AI portfolio tools and digital onboarding were the main drivers of Kotak Wealth's 28% AUM growth in 2024. Urban millennials looking for high-performance, low-cost investments were drawn to startups like Dezerv and INDwealth. A hybrid platform for tier-2 cities with robo-advisory and regional language support was unveiled by ICICI Direct in 2025. The most common requests from clients are for tax-efficient investing and intergenerational wealth planning.
China Wealth Management Market
The Chinese wealth management market is being closely monitored by regulators as it evolves. Using AI, Ping And Wealth Management managed more than USD 90 billion in assets in 2024, enabling real-time risk monitoring and dynamic rebalancing. Ant Wealth plans to launch a young professional-oriented ESG-focused robo-advisor by 2025. With over 30 million mass-affluent clients, there is a growing need for AI-powered, digitally first advisory services. Mobile-based wealth platforms are becoming more popular among tech-savvy HNWIs due to their ease and control.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Wealth Management Market Drivers
Prevalence of High-Net-Worth Individuals (HNWIs)
Adoption of Robo-Advisory and Digital Transformation
Wealth Management Market Restraints
Difficulty of Complying with Regulations and Their Complexity
Inequality of Wealth and Restricted Service Access
Request Free Customization of this report to help us to meet your business objectives.
Global behemoths like Morgan Stanley, UBS, and BlackRock dominate the wealth management market and provide HNWIs with AI, digital platforms, and ESG solutions. These companies concentrate on hybrid advisory models, private banking growth, and acquisitions. For instance, UBS is investing in AI-driven customization, and Morgan Stanley purchased E*TRADE to expand its product line. In an effort to draw in younger, tech-savvy investors and increase client retention, many are also switching to subscription-based business models.
Top Player’s Company Profile
Recent Developments in Wealth Management Market
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, increasing interest in ESG-focused investing, demographic evolution, and digital transformation is fueling the rapid development of the global wealth management market. The industry is predicted to grow, continuing to become more inclusive and technology oriented. Although HNWIs will remain the demographic group in the lead, the emergence of robo-advisors and mobile platforms continue to democratize access to personalized investment for interested younger and emerging affluent demographic groups. Barriers like regulatory complexity and financial access remain. Established firms are adopting AI technologies to refresh, while startups are disrupting the ecosystem through agile, user-centric models. With the emergence of behavioral finance and greater adoption of its ESG principles, the market is primed to enter an era of pragmatic, ethical, and inclusive wealth management.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 1.83 Trillion |
| Market size value in 2033 | USD 5.95 Trillion |
| Growth Rate | 14% |
| Base year | 2024 |
| Forecast period | 2026-2033 |
| Forecast Unit (Value) | USD Trillion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Wealth Management Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Wealth Management Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Wealth Management Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Wealth Management Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
REQUEST FOR SAMPLE
REQUEST FREE CUSTOMIZATION
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Feedback From Our Clients
USA (+1) 351-333-4748
