Market Insights Financial Wealth Management

Financial Advisory - Argentina

Argentina

In Argentina, the Financial Advisory market is anticipated to witness significant growth in the coming years.
It is projected that the Assets under Management in this market will reach a value of US$19.85m in 2024.
Furthermore, it is expected that the Assets under Management will continue to grow at a compound annual growth rate (CAGR 2024-2028) of 4.90%.
This growth rate will contribute to a market volume of US$24.04m by the year 2028.
Argentina's financial advisory market is experiencing a surge in demand as investors seek expert guidance amid economic uncertainties.

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

Market

Region

Region comparison

Currency

Analyst Opinion

The Financial Advisory market in Argentina has been experiencing significant growth in recent years, driven by changing customer preferences, emerging trends in the market, and local special circumstances. Customer preferences in the Financial Advisory market in Argentina have shifted towards seeking professional advice and guidance to manage their finances.

With an increasing number of individuals and businesses looking for personalized and tailored financial solutions, the demand for financial advisory services has been on the rise. Customers are placing greater importance on long-term financial planning, wealth management, and investment strategies, which has led to an increased reliance on financial advisors. In line with global trends, the Financial Advisory market in Argentina has witnessed a rise in digitalization and technology adoption.

Financial advisory firms are leveraging technology to offer online platforms and mobile applications, allowing customers to access their financial information and receive advice conveniently. This digital transformation has not only improved customer experience but also increased the efficiency and scalability of financial advisory services. Another trend in the market is the growing focus on sustainable and socially responsible investing.

Customers in Argentina are increasingly interested in investing their money in companies that align with their values and support environmental and social causes. As a result, financial advisory firms are incorporating Environmental, Social, and Governance (ESG) factors into their investment strategies, providing customers with options that align with their ethical considerations. In addition to changing customer preferences and emerging trends, there are also local special circumstances that have contributed to the development of the Financial Advisory market in Argentina.

The country has a large and growing middle class, which has led to an increase in disposable income and a greater need for financial planning and investment advice. Furthermore, Argentina has a complex tax system and regulatory environment, making it challenging for individuals and businesses to navigate. This has created a demand for financial advisors who can provide expertise and guidance in managing tax obligations and complying with regulations.

Underlying macroeconomic factors have also played a role in the growth of the Financial Advisory market in Argentina. The country has experienced periods of economic instability and high inflation, leading individuals and businesses to seek professional advice on how to protect and grow their wealth in uncertain times. Additionally, the low interest rate environment has made traditional savings and investment options less attractive, prompting individuals to explore alternative investment opportunities with the help of financial advisors.

Overall, the Financial Advisory market in Argentina is developing rapidly due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. As individuals and businesses continue to seek professional financial advice and guidance, the market is expected to further expand in the coming years.

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).