News Digest:

The global wealth management market is projected to grow from $1.25 trillion in 2020 to $3.43 trillion by 2030, achieving a compound annual growth rate (CAGR) of 10.7%, according to a report by Allied Market Research.

Key drivers of this growth include rising demand for alternative investments such as private equity, hedge funds, REITs, and intellectual property. However, challenges such as stringent regulatory frameworks, high fees, and a lack of pricing transparency may restrain market expansion. Technological advancements and opportunities in emerging economies are expected to propel further growth.

The human advisory business model accounted for over three-fourths of the market share in 2020 and is anticipated to maintain its dominance due to its ability to cater to diverse client demographics. Meanwhile, the robo-advisory segment is set to grow at the fastest CAGR of 26.4% during the forecast period, driven by low fees, user-friendly interfaces, and robust goal-planning features.

End Notes

Source: https://www.einpresswire.com/article/774395152/wealth-management-market-to-hit-3-43-trillion-globally-by-2030-growing-at-10-7-cagr-allied-market-research