The change in assets under management in the 'Financial Advisory' segment of the wealth management market in the United States was forecast to continuously decrease between 2024 and 2029 by in total 0.1 U.S. dollars (-66.67 percent). After the fifth consecutive decreasing year, the change in assets under management is estimated to reach 0.01 U.S. dollars and therefore a new minimum in 2029.
Change in total Assets Under Management (AUM) by financial advisors in the wealth management market in the United States from 2019 to 2024 with a forecast to 2029
Data provided by Statista Market Insights are estimates.
Definition:
Financial advisory is the process of providing guidance and recommendations to clients regarding their financial decisions. Financial advisors use their expertise and knowledge to help clients make informed decisions about their investments, retirement planning, taxes, insurance, and other financial matters. The Financial Advisory segment encompasses the revenues generated by this service by both financial institutions and advisors, and includes the number of financial advisors, average revenue per advisor, and assets under management (AUM).
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Statista. (October 21, 2024). Change in total Assets Under Management (AUM) by financial advisors in the wealth management market in the United States from 2019 to 2024 with a forecast to 2029 [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/forecasts/1483258/change-in-aum-by-wealth-managers-in-the-us-forecast
Statista. "Change in total Assets Under Management (AUM) by financial advisors in the wealth management market in the United States from 2019 to 2024 with a forecast to 2029." Chart. October 21, 2024. Statista. Accessed December 23, 2024. https://www.statista.com/forecasts/1483258/change-in-aum-by-wealth-managers-in-the-us-forecast
Statista. (2024). Change in total Assets Under Management (AUM) by financial advisors in the wealth management market in the United States from 2019 to 2024 with a forecast to 2029. Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/forecasts/1483258/change-in-aum-by-wealth-managers-in-the-us-forecast
Statista. "Change in Total Assets Under Management (Aum) by Financial Advisors in The Wealth Management Market in The United States from 2019 to 2024 with a Forecast to 2029." Statista, Statista Inc., 21 Oct 2024, https://www.statista.com/forecasts/1483258/change-in-aum-by-wealth-managers-in-the-us-forecast
Statista, Change in total Assets Under Management (AUM) by financial advisors in the wealth management market in the United States from 2019 to 2024 with a forecast to 2029 Statista, https://www.statista.com/forecasts/1483258/change-in-aum-by-wealth-managers-in-the-us-forecast (last visited December 23, 2024)
Change in total Assets Under Management (AUM) by financial advisors in the wealth management market in the United States from 2019 to 2024 with a forecast to 2029 [Graph], Statista, October 21, 2024. [Online]. Available: https://www.statista.com/forecasts/1483258/change-in-aum-by-wealth-managers-in-the-us-forecast
