Wealth Management - France

France

In France, the Wealth Management market is expected to witness substantial growth in the coming years.
By 2024, the projected value of Assets under Management is estimated to reach US$8,312.00bn.
Among the various segments, Financial Advisory is expected to dominate the market with a projected market volume of US$8,270.00bn in the same year.
Furthermore, the Assets under Management are anticipated to exhibit an annual growth rate of 2.21% from 2024 to 2028 (CAGR 2024-2028).
This growth trajectory is expected to result in a market volume of US$9,073.00bn by 2028.
In France, the trend in the wealth management market is a growing interest in socially responsible investments.

Key regions: United States, United Kingdom, Germany, Hong Kong, Singapore

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Analyst Opinion

The Wealth Management market in France has experienced significant growth in recent years, driven by changing customer preferences and local special circumstances. Customer preferences in the Wealth Management market in France have shifted towards more personalized and tailored services.

High-net-worth individuals are seeking comprehensive wealth management solutions that go beyond traditional investment advice and include services such as tax planning, estate planning, and philanthropy. This trend is driven by the increasing complexity of financial markets and the desire for a holistic approach to wealth management. Additionally, customers are demanding more transparency and control over their investments, leading to the rise of digital platforms and robo-advisors in the market.

Trends in the market indicate a growing focus on sustainable and responsible investing. French investors are increasingly considering environmental, social, and governance (ESG) factors when making investment decisions. This trend is driven by a growing awareness of climate change and social issues, as well as regulatory initiatives promoting sustainable finance.

Wealth management firms in France are incorporating ESG considerations into their investment strategies and offering specialized products and services to meet the demand for sustainable investing. Local special circumstances in France, such as the presence of a large number of high-net-worth individuals and a strong culture of savings, have contributed to the development of the Wealth Management market. France has a high concentration of wealthy individuals, many of whom have inherited their wealth and are seeking professional advice to manage and grow their assets.

Additionally, the French population has a strong tradition of saving and investing, which has created a fertile ground for the growth of the Wealth Management market. Underlying macroeconomic factors have also played a role in the development of the Wealth Management market in France. The country has experienced a period of economic stability and low interest rates, which has led investors to seek alternative investment opportunities to generate higher returns.

Additionally, the implementation of regulatory reforms, such as the Markets in Financial Instruments Directive (MiFID II), has increased transparency and investor protection in the market, making it more attractive for individuals to seek professional wealth management services. Overall, the Wealth Management market in France is evolving to meet the changing needs and preferences of customers. The focus on personalized services, sustainable investing, and the presence of a large number of high-net-worth individuals are driving the growth of the market.

With favorable macroeconomic conditions and regulatory reforms in place, the Wealth Management market in France is expected to continue its positive trajectory 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).