Wealth Management - Poland | Statista Market Forecast

Assets under Management in the Wealth Management market are projected to reach US$321.20bn in 2024.
Financial Advisory dominates the market with a projected market volume of US$309.90bn in 2024.
Assets under Management are expected to show an annual growth rate (CAGR 2024-2029) of 5.75%, resulting in a market volume of US$424.70bn by 2029.

Definition:

Wealth management is a service provided by financial institutions, such as banks or investment firms, to help individuals manage their money and investments. The goal of wealth management is to help people grow and protect their wealth over time, by creating personalized investment plans that consider their financial goals, risk tolerance, and overall financial situation. This goal ultimately emphasizes wealth creation through wealth preservation.

Structure:

The Wealth Management market consists of two different segments, Financial Advisory and Digital Investment. Financial Advisory covers traditional financial advisory services and provides a broader look into the revenue generated by this offering. Digital Investment contains automated investment services (Robo-Advisors) and online trading services (Neobrokers) that go beyond the means of traditional financial advisory services.

Additional information:

The market comprises of revenues, number of advisors, average revenue per advisor, assets under management (AUM), users, average revenue per user, and average AUM per user. Revenues are generated through the financial advisory services offered by the financial institutions within the Wealth Management market space. The market only displays B2C revenues and users for the above-mentioned segments and subsegments; B2B and B2G revenues are not included. Additional definitions for each segment can be found on the respective segment pages.
Market numbers for Digital Investment are also featured among our digital markets, namely in the Digital Investment segment of the Fintech market.
Key players in the market include financial institutions such as BlackRock, Vanguard Group, Fidelity Investments, State Street Global, and J.P. Morgan Chase & Co.

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Traditional & Digital Wealth Management (non-automated & automated wealth management services)
Traditional Investment, incl. Financial Advisors
Banks, Financial Institutions, and Financial Services Companies
Digital Investment, incl. Robo-advisors and Neobrokers
Full-Service Products for Investing and Trading
Retail/Non-Professional Investors

Commercial Assets or Assets Under Custody
Independent Financial Advisory Companies
Independent Financial Advisors (IFAs)
Full-Service Products for Insurance and Lending

The Wealth Management market in Poland is experiencing significant growth and development in recent years.

Customer preferences: In Poland, customers are increasingly seeking professional advice and services to manage their wealth. They are looking for personalized and customized solutions that can help them achieve their financial goals. This trend is driven by the growing awareness among individuals about the importance of wealth management and the need to maximize their investment returns. Additionally, the increasing complexity of financial markets and investment products has also contributed to the demand for professional wealth management services.

Trends in the market: One of the key trends in the Wealth Management market in Poland is the shift towards digital platforms and online services. Customers are increasingly using online channels to access wealth management services, such as portfolio management, financial planning, and investment advice. This trend is driven by the convenience and accessibility of digital platforms, as well as the growing trust in online financial services. As a result, wealth management firms in Poland are investing in technology and digital capabilities to meet the changing needs and preferences of their customers. Another trend in the market is the increasing focus on sustainable and socially responsible investments. Customers in Poland are becoming more conscious about the environmental and social impact of their investments, and they are seeking wealth management solutions that align with their values. This trend is driven by the growing awareness of climate change and social issues, as well as the desire to make a positive impact through investments. Wealth management firms in Poland are responding to this trend by offering sustainable investment options and integrating environmental, social, and governance (ESG) factors into their investment strategies.

Local special circumstances: Poland has a rapidly growing affluent population, which is driving the demand for wealth management services. The country has experienced strong economic growth in recent years, leading to an increase in the number of high-net-worth individuals. These individuals have complex financial needs and require professional advice and services to manage their wealth effectively. Additionally, Poland has a well-developed financial sector with a wide range of investment products and services, providing opportunities for wealth management firms to cater to the diverse needs of their customers.

Underlying macroeconomic factors: The growth of the Wealth Management market in Poland is supported by favorable macroeconomic factors. The country has a stable and growing economy, with low inflation and unemployment rates. This creates a favorable environment for wealth creation and investment. Additionally, Poland has a well-regulated financial sector with strong investor protection, which enhances the confidence of individuals in the wealth management industry. The government has also implemented policies to promote the development of the financial sector and attract foreign investment, further driving the growth of the Wealth Management market. In conclusion, the Wealth Management market in Poland is experiencing significant growth and development, driven by customer preferences for professional advice and personalized solutions. The market is witnessing a shift towards digital platforms and online services, as well as an increasing focus on sustainable and socially responsible investments. The local special circumstances, such as the growing affluent population and well-developed financial sector, provide opportunities for wealth management firms to expand their services. The favorable macroeconomic factors, including a stable economy and well-regulated financial sector, support the growth of the market in Poland.

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.