Wealth Management

Assets under Management in the Wealth Management market are projected to reach US$90.31bn in 2024.
Financial Advisory dominates the market with a projected market volume of US$82.97bn in 2024.
Assets under Management are expected to show an annual growth rate (CAGR 2024-2029) of 0.82%, resulting in a market volume of US$94.08bn 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 Egypt is experiencing significant growth and development.

Customer preferences: Customers in Egypt are increasingly seeking professional advice and services to manage their wealth. They are looking for personalized solutions that can help them achieve their financial goals. This shift in customer preferences can be attributed to the increasing complexity of financial markets and the need for expert guidance in navigating them. Additionally, customers are becoming more aware of the benefits of wealth management services, such as portfolio diversification and risk management.

Trends in the market: One of the key trends in the Wealth Management market in Egypt is the growing demand for Sharia-compliant investment products. Islamic finance is an important part of the Egyptian financial system, and there is a strong demand for wealth management services that adhere to Islamic principles. As a result, many wealth management firms in Egypt are offering a range of Sharia-compliant investment options to cater to this demand. Another trend in the market is the increasing adoption of technology and digital solutions. Wealth management firms in Egypt are leveraging technology to enhance their service offerings and improve the customer experience. This includes the use of robo-advisors, online platforms, and mobile applications to provide customers with convenient access to their wealth management accounts and investment information.

Local special circumstances: Egypt has a large and growing middle class, which presents a significant opportunity for the Wealth Management market. As more individuals in Egypt accumulate wealth, there is a greater need for wealth management services to help them preserve and grow their assets. This creates a favorable environment for wealth management firms to expand their operations and attract new customers. Additionally, the government of Egypt has been implementing economic reforms to attract foreign investment and stimulate economic growth. These reforms include measures to improve the business environment, strengthen the financial sector, and encourage foreign direct investment. As a result, there is a growing interest from international wealth management firms to enter the Egyptian market and tap into its potential.

Underlying macroeconomic factors: The growth of the Wealth Management market in Egypt is supported by several macroeconomic factors. Egypt has a young and rapidly growing population, which presents a significant market for wealth management services. Additionally, the country has a stable political environment and a relatively low level of financial market development, which creates opportunities for wealth management firms to fill the gap in the market. Furthermore, Egypt has a strong banking sector and a well-regulated financial system, which provides a solid foundation for the growth of the wealth management industry. The government has also been implementing measures to promote financial inclusion and improve access to financial services, which can further drive the growth of the Wealth Management market. In conclusion, the Wealth Management market in Egypt is developing rapidly due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. The increasing demand for professional wealth management services, the growing popularity of Sharia-compliant investment products, the adoption of technology and digital solutions, and the favorable economic environment are all contributing to the growth and development of the market.

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.