Wealth Management - EAEU

EAEU

In the year 2024, the projected Assets under Management in the Wealth Management market of the EAEU region are expected to reach a staggering amount of US$624.40bn.
It is worth noting that Financial Advisory holds a dominant position in this market segment, with a projected market volume of US$610.60bn in the same year.
Looking ahead, the Assets under Management are forecasted to exhibit a steady annual growth rate (CAGR 2024-2028) of 4.14%.
This growth trajectory is anticipated to result in a substantial increase, bringing the market volume to US$734.30bn by the year 2028.
The EAEU region, known for its economic prowess and diverse financial landscape, continues to demonstrate its potential in the Wealth Management market sector.
In the EAEU, the wealth management market is experiencing a surge in demand for personalized investment strategies tailored to the region's unique economic and political landscape.

Key regions: United States, United Kingdom, Germany, Hong Kong, Singapore

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Analyst Opinion

The Wealth Management market in EAEU is experiencing significant growth and development. Customer preferences are shifting towards more personalized and tailored wealth management services.

There is a growing demand for investment advice, asset allocation, and portfolio management services. Additionally, clients are seeking comprehensive financial planning solutions that encompass retirement planning, estate planning, and tax optimization strategies. Trends in the market indicate a rise in the number of High Net Worth Individuals (HNWIs) in the region.

This can be attributed to factors such as economic growth, increased entrepreneurship, and the emergence of new industries. As HNWIs accumulate wealth, they require sophisticated wealth management services to preserve and grow their assets. Wealth managers are capitalizing on this trend by offering a wide range of investment products and services to cater to the specific needs of HNWIs.

Local special circumstances play a crucial role in the development of the Wealth Management market in EAEU. The region is characterized by a diverse set of economies, each with its own unique opportunities and challenges. For example, some countries in the EAEU have a strong commodity-based economy, which presents investment opportunities in industries such as energy and mining.

On the other hand, countries with a strong manufacturing sector offer potential investments in technology and industrial companies. Underlying macroeconomic factors also contribute to the growth of the Wealth Management market in EAEU. Favorable economic conditions, such as low interest rates and stable inflation, encourage individuals to invest their wealth in financial markets.

Additionally, the integration of EAEU countries into the global economy has opened up new avenues for investment and diversification. Wealth managers are leveraging these factors to attract clients and generate returns. In conclusion, the Wealth Management market in EAEU is experiencing growth and development due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors.

The market is becoming more sophisticated, with a focus on personalized wealth management services tailored to the needs of HNWIs. As the region continues to grow and evolve, wealth managers will need to adapt to these changes and provide innovative solutions to meet the evolving needs of their clients.

Methodology

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).