Wealth Management

Assets under Management in the Wealth Management market are projected to reach US$6.10bn in 2024.
Digital Investment dominates the market with a projected market volume of US$6.08bn in 2024.
Assets under Management are expected to show an annual growth rate (CAGR 2024-2029) of 10.91%, resulting in a market volume of US$10.23bn by 2029.

Definition:

Wealth management is a service provided by financial institutions, such as banks or investment firms, to help individuals manage their money and investments. The goal of wealth management is to help people grow and protect their wealth over time, by creating personalized investment plans that consider their financial goals, risk tolerance, and overall financial situation. This goal ultimately emphasizes wealth creation through wealth preservation.

Structure:

The Wealth Management market consists of two different segments, Financial Advisory and Digital Investment. Financial Advisory covers traditional financial advisory services and provides a broader look into the revenue generated by this offering. Digital Investment contains automated investment services (Robo-Advisors) and online trading services (Neobrokers) that go beyond the means of traditional financial advisory services.

Additional information:

The market comprises of revenues, number of advisors, average revenue per advisor, assets under management (AUM), users, average revenue per user, and average AUM per user. Revenues are generated through the financial advisory services offered by the financial institutions within the Wealth Management market space. The market only displays B2C revenues and users for the above-mentioned segments and subsegments; B2B and B2G revenues are not included. Additional definitions for each segment can be found on the respective segment pages.
Market numbers for Digital Investment are also featured among our digital markets, namely in the Digital Investment segment of the Fintech market.
Key players in the market include financial institutions such as BlackRock, Vanguard Group, Fidelity Investments, State Street Global, and J.P. Morgan Chase & Co.

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Traditional & Digital Wealth Management (non-automated & automated wealth management services)
Traditional Investment, incl. Financial Advisors
Banks, Financial Institutions, and Financial Services Companies
Digital Investment, incl. Robo-advisors and Neobrokers
Full-Service Products for Investing and Trading
Retail/Non-Professional Investors

Commercial Assets or Assets Under Custody
Independent Financial Advisory Companies
Independent Financial Advisors (IFAs)
Full-Service Products for Insurance and Lending

The Wealth Management market in Argentina has been experiencing significant growth in recent years, driven by several factors including customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Wealth Management market in Argentina have been shifting towards more personalized and holistic financial services.

Clients are increasingly seeking tailored investment solutions that take into account their individual goals, risk tolerance, and financial situation. They are also looking for comprehensive wealth management services that go beyond traditional investment advice, including estate planning, tax optimization, and philanthropic strategies. In terms of market trends, the Wealth Management industry in Argentina has been witnessing a rise in digitalization and technological innovation.

Fintech companies and digital platforms have emerged as key players in the market, offering innovative solutions such as robo-advisory services and online investment platforms. These digital solutions provide clients with convenient access to investment advice and portfolio management, while also offering lower fees compared to traditional wealth management firms. Another trend in the Wealth Management market in Argentina is the increasing demand for sustainable and socially responsible investments.

Clients are becoming more conscious about the environmental and social impact of their investments, and are seeking investment opportunities that align with their values. Wealth management firms are responding to this demand by offering a range of sustainable investment products, including green bonds, impact funds, and socially responsible portfolios. In addition to customer preferences and market trends, there are also local special circumstances that are shaping the Wealth Management market in Argentina.

One of these circumstances is the country's high inflation rate, which has led to a need for wealth preservation and capital appreciation strategies. Clients are looking for investment opportunities that can provide a hedge against inflation and generate real returns in the face of rising prices. Furthermore, the political and economic stability of Argentina has also influenced the Wealth Management market.

Periods of political uncertainty and economic volatility have led to increased demand for wealth management services, as clients seek professional advice to navigate through challenging times and preserve their wealth. Underlying macroeconomic factors also play a crucial role in the development of the Wealth Management market in Argentina. Factors such as GDP growth, interest rates, and regulatory environment impact the investment landscape and influence client behavior.

A growing economy and low interest rates can stimulate investment activity, while a stable regulatory environment provides confidence to investors and promotes market growth. In conclusion, the Wealth Management market in Argentina is experiencing growth due to evolving customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Clients are seeking personalized and holistic financial services, digitalization is reshaping the industry, sustainable investments are gaining traction, and the need for wealth preservation strategies is driven by inflation and economic stability.

These factors are driving the development of the Wealth Management market in Argentina and shaping its future trajectory.

Data coverage:

The data encompasses B2C enterprises. The figures are based on gross revenues, assets under management, and user & advisor data of relevant services and products offered within the Wealth Management market.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players, industry reports, third-party reports, publicly available databases, and survey results from primary research activities (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as: GDP, gross national income (GNI), consumer spending, total investment (% of GDP), high income (% of population), and number of high-net-worth individuals (HNWI). This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.

Additional notes:

The market is updated twice a year in case market dynamics change. The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development).

This report presents a comprehensive analysis and additional information on the Financial market, in a PDF format.

Private wealth management has developed significantly in recent years as a result of the growth of affluence worldwide. The number of millionaires in North America more than doubled between 2010 and 2022. A similar trend can be observed in the Asia-Pacific and Europe. The total wealth of the adult population in Europe has steadily increased since 2010. Private Wealth Management is an increasingly important service as the rate of wealth continues to increase among the general population and affluent high-net-worth-individuals. Coupled with the recent developments in the Fintech market, this has helped to open up new Private Wealth Management products and services to people with smaller amounts of disposable income and expanding services offered to larger clients.