The number of assets under management in the wealth management market in the Dominican Republic was forecast to continuously increase between 2024 and 2028 by in total 0.7 billion U.S. dollars (+9.02 percent). After the tenth consecutive increasing year, the indicator is estimated to reach 8.41 billion U.S. dollars and therefore a new peak in 2028. Notably, the number of assets under management of the wealth management market was continuously increasing over the past years.
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Data provided by Statista Market Insights are estimates.
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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Statista. (February 22, 2024). Assets under management in the Dominican Republic from 2018 to 2028 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 03, 2024, from https://www.statista.com/statistics/1397890/assets-under-management-wealth-management-market-dominican-republic/
Statista. "Assets under management in the Dominican Republic from 2018 to 2028 (in billion U.S. dollars)." Chart. February 22, 2024. Statista. Accessed November 03, 2024. https://www.statista.com/statistics/1397890/assets-under-management-wealth-management-market-dominican-republic/
Statista. (2024). Assets under management in the Dominican Republic from 2018 to 2028 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 03, 2024. https://www.statista.com/statistics/1397890/assets-under-management-wealth-management-market-dominican-republic/
Statista. "Assets under Management in The Dominican Republic from 2018 to 2028 (in Billion U.S. Dollars)." Statista, Statista Inc., 22 Feb 2024, https://www.statista.com/statistics/1397890/assets-under-management-wealth-management-market-dominican-republic/
Statista, Assets under management in the Dominican Republic from 2018 to 2028 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1397890/assets-under-management-wealth-management-market-dominican-republic/ (last visited November 03, 2024)
Assets under management in the Dominican Republic from 2018 to 2028 (in billion U.S. dollars) [Graph], Statista, February 22, 2024. [Online]. Available: https://www.statista.com/statistics/1397890/assets-under-management-wealth-management-market-dominican-republic/