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Financial Advisory Services Market Share

Report ID: GMI7312
Published Date: Nov 2023
Report Format: PDF

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Financial Advisory Services Market Share

Major companies operating in the financial advisory services industry are:

Ameriprise Financial
Bank of America Merrill Lynch
BlackRock
Charles Schwab
Citigroup Inc.
Goldman Sachs
JPMorgan Chase & Co.
Morgan Stanley
UBS Group AG
Wells Fargo Advisors

Morgan Stanley and UBS Group AG are dominant in financial advisory services due to their extensive global presence, robust financial expertise, and comprehensive service offerings. Both firms possess a strong track record in investment banking, wealth management, and strategic advisory services, attracting clients through their established reputations, innovative solutions, and a vast network of skilled professionals, securing their positions as industry leaders.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of financial advisory services reached USD 85.1 billion in 2022 and is set to grow at a CAGR of over 5.5% between 2023 and 2032, favored by the rising investments in AI.

The large enterprises segment was valued at over USD 45 billion in 2022, as these organizations have a strong position and diverse financial requirements, thus seeking specialized financial advisory services to optimize cash flow, risk management, and financial growth strategies.

North America held a dominant market share of over 40% in 2022 and maintain the position as the region hosts a large number of high-net-worth individuals and corporations with intricate financial needs, which drives the demand for sophisticated financial advice & investment strategies.

Ameriprise Financial, Bank of America Merrill Lynch, BlackRock, Charles Schwab, Citigroup Inc., Goldman Sachs, JPMorgan Chase & Co., Morgan Stanley, UBS Group AG, and Wells Fargo Advisors.