Financial Advisory - Poland | Statista Market Forecast

Assets under Management in the Financial Advisory market are projected to reach US$309.90bn in 2024.
Assets under Management are expected to show an annual growth rate (CAGR 2024-2029) of 5.85%, resulting in a market volume of US$411.70bn 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 Poland has been experiencing significant growth in recent years, driven by changing customer preferences and favorable market conditions.

Customer preferences: Customers in Poland are increasingly seeking professional advice and guidance when it comes to managing their finances. This shift in preference can be attributed to several factors. Firstly, the complexity of financial products and services has increased, making it more difficult for individuals to navigate the market on their own. Additionally, the growing awareness of the importance of financial planning and the desire to achieve long-term financial goals has led to an increased demand for financial advisory services.

Trends in the market: One of the key trends in the Financial Advisory market in Poland is the rise of digital platforms and robo-advisors. These platforms offer automated investment advice and portfolio management services, making it more accessible and affordable for individuals to seek financial advice. The convenience and ease of use of these digital platforms have resonated well with the tech-savvy population in Poland, especially the younger generation who are more comfortable with technology. Another trend in the market is the increasing focus on sustainable and socially responsible investing. Customers in Poland are becoming more conscious of the impact their investments have on the environment and society, and are seeking financial advisors who can help them align their investments with their values. This trend is in line with the global shift towards sustainable investing, and financial advisory firms in Poland are adapting to meet this demand.

Local special circumstances: Poland has a rapidly growing middle class, with increasing disposable income and a desire to invest in the financial markets. This presents a significant opportunity for financial advisory firms to tap into this market and offer their services. Additionally, the Polish government has implemented various incentives and initiatives to promote long-term savings and investment, further driving the demand for financial advisory services.

Underlying macroeconomic factors: The strong economic growth in Poland has contributed to the development of the Financial Advisory market. A stable economy, low unemployment rate, and rising wages have increased the disposable income of individuals, enabling them to invest in financial products and seek professional advice. Furthermore, the low interest rate environment has made traditional savings accounts less attractive, prompting individuals to explore alternative investment options and seek the guidance of financial advisors. In conclusion, the Financial Advisory market in Poland is experiencing growth due to changing customer preferences, the rise of digital platforms and robo-advisors, the increasing focus on sustainable investing, the growing middle class, and favorable macroeconomic conditions.

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.