Global Financial Advisory Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

Overview and Scope Financial advisory refers to providing financial advice or assistance to a client in exchange for payment. Financial advisors provide a wide range of financial advisory services, including estate planning, tax preparation, and investment management. Its main purpose to aid people or organization in creating long-term strategies for building wealth and managing risk. Sizing and Forecast The financial advisory market size has grown steadily in recent years. It will grow from $206.76 billion in 2023 to $215.92 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to economic conditions, demographic trends, market volatility, globalization, increasing wealth levels. The financial advisory market size is expected to see steady growth in the next few years. It will grow to $261.95 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to evolving regulatory landscape, sustainable and ESG investing, retirement planning services, personalization and customization, fintech collaboration. Major trends in the forecast period include digital transformation, technological advancements, growing emphasis on ESG investments, rise of robo-advisors, personalized financial planning. Order your report now for swift delivery, visit the link: https://www.thebusinessresearchcompany.com/report/financial-advisory-global-market-report Segmentation & Regional Insights The financial advisory market covered in this report is segmented – 1) By Type: Corporate Finance, Accounting Advisory, Tax Advisory, Transaction Services, Risk Management, Other Types 2) By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises 3) By Industry Vertical: Banking, Financial Services and Insurance (BFSI), IT And Telecom, Manufacturing, Retail And E-Commerce, Public Sector, Healthcare, Other Industry Verticals Asia-Pacific was the largest region in the financial advisory market in 2023. The regions covered in the financial advisory market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Intrigued to explore the contents? Secure your hands-on a free sample copy of the report: https://www.thebusinessresearchcompany.com/sample.aspx?id=9592&type=smp Major Driver Impacting Market Growth The rise in high-net-worth individuals (HNWI) is expected to propel the growth of the financial advisory market going forward. A person with liquid assets of at least USD 1 million is considered a high-net-worth individual (HNWI). The people with high HNWI frequently use the help of financial advisors to manage their high net worth for additional advantages and opportunities. For instance, in December 2022, according to the World Wealth Report 2022 shared by Capgemini, a France-based information technology company, in 2021, the number of HNWIs worldwide increased by 7.8% to $22459 billion in 2021 from $20838 billion 2020. Additionally, in 2021, North America will maintain its commanding lead in HNWI population growth (13.2%) and wealth (13.8%). Therefore, the rise in high-net-worth individuals (HNWI) is driving the growth of the financial advisory market. Key Industry Players Major companies operating in the financial advisory market report are JP Morgan Chase & Co., Bank of America Corporation, Wells Fargo & Co, Accenture plc, Morgan Stanley, PricewaterhouseCoopers International Limited (PwCIL, Goldman Sachs Group Inc., Ernst & Young Global Limited, UBS Group AG, KPMG International Limited, Deloitte Touche Tohmatsu Ltd., Credit Suisse Group AG, Charles Schwab Corporation, Ameriprise Financial Inc., Edward D. Jones & Co., L.P., Boston Consulting Group, BCG Group, McKinsey & Company, Booz Allen Hamilton, RWBaird, Oliver Wyman, Mercer, Protiviti Consulting Pvt. Ltd., Fisher Investments, Alvarez & Marsal Holdings, LLC, Luther King Capital Management, Heritage Investment Group, Eubel Brady & Suttman, Dana Investment Advisors Inc., Leavell Investment Management, Janney Montgomery Scott LLC, LPL Financial, Merrill Lynch Wealth Management, Northwestern Mutual Wealth Management Company, Raymond James Financial, Inc. , RBC Wealth Management, Stifel Financial Corp., Vanguard Group The financial advisory market report table of contents includes: 1. Executive Summary 2. Financial Advisory Market Characteristics 3. Financial Advisory Market Trends And Strategies 4. Financial Advisory Market - Macro Economic Scenario 5. Global Financial Advisory Market Size and Growth . . . 32. Global Financial Advisory Market Competitive Benchmarking 33. Global Financial Advisory Market Competitive Dashboard 34. Key Mergers And Acquisitions In The Financial Advisory Market 35. Financial Advisory Market Future Outlook and Potential Analysis 36. Appendix Contact Us: The Business Research Company Europe: +44 207 1930 708 Asi