Market Insights Financial Wealth Management

Financial Advisory - Angola

Angola

In Angola, the Financial Advisory market is anticipating a significant growth in the coming years.
It is projected that the Assets under Management in this market will reach a staggering US$3.96bn by 2024.
Furthermore, there is an expectation of a steady annual growth rate (CAGR 2024-2028) of 0.50%, leading to an estimated market volume of US$4.04bn by 2028.
This demonstrates the immense potential and opportunities that lie ahead in the Financial Advisory market sector in Angola.
Angola's financial advisory market is experiencing a surge in demand as the country seeks to diversify its economy and attract foreign investment.

Key regions: United States, Singapore, Europe, Switzerland, Canada

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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.

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).