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Financial Advisory - Angola

Angola
  • Assets under Management in the Financial Advisory market are projected to reach US$3.91bn in 2025.
  • Assets under Management are expected to show an annual growth rate (CAGR 2025-2029) of 0.18%, resulting in a market volume of US$3.93bn by 2029.

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).

In-Scope
  • Traditional Wealth Management (non-automated wealth management services)
  • Traditional Investment, incl. Financial Advisors
  • Banks, Financial Institutions, and Financial Services Companies
  • B2C & B2B Revenues
  • Full-Service Products for Insurance, Investing, Lending, and Trading
Out-Of-Scope
  • Commercial Assets or Assets Under Custody
  • Digital Wealth Management (automated wealth management services)
  • Digital Investment, incl. Robo-advisors and Neobrokers
  • Independent Financial Advisory Companies
  • Independent Financial Advisors (IFAs)
  • Retail/Non-Professional Investors
Financial Advisory: market data & analysis  - Cover

Market Insights report

Financial Advisory: market data & analysis
Study Details

    Assets Under Management (AUM)

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Company Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Advisor Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Financial Advisors

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Financial Advisory market in Angola is experiencing significant growth and development.

    Customer preferences:
    Customers in Angola are increasingly seeking professional financial advice to help them make informed investment decisions. This shift in customer preferences can be attributed to the growing complexity of the financial markets and the desire for personalized investment strategies. Clients are looking for expert guidance to navigate the volatile market conditions and maximize their returns. Additionally, the rising middle class in Angola is fueling demand for financial advisory services as individuals seek to grow their wealth and secure their financial future.

    Trends in the market:
    One of the key trends in the Financial Advisory market in Angola is the increasing adoption of technology. Financial advisory firms are leveraging digital platforms to provide clients with convenient access to their services. Online investment platforms and mobile applications are becoming popular among customers, allowing them to monitor their investments and receive real-time advice. This trend is driven by the growing internet penetration in Angola and the increasing use of smartphones. Another trend in the market is the focus on sustainable and socially responsible investing. Clients in Angola are becoming more aware of environmental, social, and governance (ESG) factors and are seeking investment opportunities that align with their values. Financial advisory firms are incorporating ESG considerations into their investment strategies and offering specialized services to cater to this growing demand.

    Local special circumstances:
    Angola's economy is heavily reliant on oil exports, making it vulnerable to fluctuations in global oil prices. The country has been diversifying its economy and focusing on sectors such as agriculture, manufacturing, and tourism. This diversification effort presents opportunities for financial advisory firms to assist clients in identifying investment opportunities in these emerging sectors. Moreover, the government's commitment to improving the business environment and attracting foreign investment is expected to drive economic growth and create a favorable climate for financial advisory services.

    Underlying macroeconomic factors:
    Angola has experienced stable economic growth in recent years, supported by ongoing economic reforms and increased foreign investment. The government's efforts to improve transparency and governance have boosted investor confidence and created a conducive environment for financial advisory services. Additionally, the country's young and growing population presents a significant market opportunity for financial advisory firms. As more individuals enter the workforce and accumulate wealth, the demand for financial advice is expected to continue to rise. In conclusion, the Financial Advisory market in Angola is witnessing strong growth driven by changing customer preferences, technological advancements, and favorable macroeconomic factors. Financial advisory firms that adapt to these trends and cater to the specific needs of the Angolan market are well-positioned to capitalize on the opportunities presented by this evolving landscape.

    High Net Worth Individuals

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Oct 2024

    Source: Statista Market Insights

    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).

    Finance

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    Financial Advisory: market data & analysis  - BackgroundFinancial Advisory: market data & analysis  - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Jan 2025

    Source: Statista Market Insights

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    Private wealth management - statistics & facts

    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.
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