GITNUX MARKETDATA REPORT 2024

Global Wealth Management Industry Statistics

The global wealth management industry is projected to experience steady growth in assets under management, driven by increasing demand for personalized financial services and growing wealth levels worldwide.

Statistic 1

"In 2020, the global wealth management industry was valued at approximately 584.11 billion U.S dollars."

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Statistic 2

"It is expected that by 2025, the global wealth management market will reach a size of 1,145.25 billion U.S dollars."

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Statistic 3

"The global financial wealth grew 14% in 2019 to reach USD 250.1 trillion."

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Statistic 4

"North America leads the pack with 41.3% share of global wealth in 2020."

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Statistic 5

"Europe follows closely with 29.7% share of global personal financial wealth."

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Statistic 6

"Asia (excluding Japan) houses about 24.2% of global financial wealth."

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Statistic 7

"Middle East and Africa has 2.3% of the global wealth."

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Statistic 8

"Latin America represents 2.5% of the global wealth."

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Statistic 9

"About 44% of global HNWIs want a dedicated relationship manager from their wealth management firm."

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Statistic 10

"In 2012, 26 annual billionaires were created in the global wealth management industry."

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Statistic 11

"Digital spending by wealth management firms could reach $24 billion globally by 2023."

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Statistic 12

"More than 50% of wealth management clients worldwide now communicate with their advisors through digital channels."

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Statistic 13

"In Asia Pacific region, the wealth management industry is expected to grow at a CAGR of nearly 15% until 2023."

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Statistic 14

"Female investors control about 32% of the world's wealth and are growing faster than men in creating new wealth."

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Statistic 15

"By revenue, BNY Mellon is the largest wealth management company in the world with a market capitalization of over $50 billion."

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Statistic 16

"About $68.1 trillion is expected to be transferred from older to younger generations over the next 25 years in North America."

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Statistic 17

"As of the end of 2020, wealth management institutions in China managed a total of RMB 120 trillion assets."

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Statistic 18

"In 2020, the number of global High Net Worth Individuals (HNWIs) grew by 2.9% to reach 20.3 million."

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Statistic 19

"The global wealth management industry has seen tremendous growth in 2020, with a market share of around USD 7.19 trillion."

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Statistic 20

"Wealth managers who combine Digital capabilities and human advice are growing 4x Faster than those with a traditional business model."

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