Financial Advisory - Argentina | Statista Market Forecast

Assets under Management in the Financial Advisory market are projected to reach US$16.04m in 2024.
Assets under Management are expected to show an annual growth rate (CAGR 2024-2029) of 2.73%, resulting in a market volume of US$18.35m 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).

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

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

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.

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.