Wealth Management Market to Witness 10% CAGR Growth to 2019

PUNE, India, November 25, 2015 /PRNewswire/ --

The wealth management market must always focus on the AUM by constantly monitoring and redesigning different strategies as there is an increased complexity in the investment pattern that is giving rise to unique risk requirements. Thereby, a new master risk framework is being developed that will avoid different kinds of risks like cyber and fraud risks in the industry.

Complete report on global wealth management market spread across 80 pages, profiling 9 companies and providing 38 data exhibit is now available at http://www.rnrmarketresearch.com/global-wealth-management-market-2015-2019-market-report.html.

According to the report, wealth advisors play a very important role in providing a service to the HNWI clients. With globalization there has been a lot of digitalization strategies that have strengthened customer engagement and the client relationship. The market research analyst has envisaged the global wealth management market to grow at a rapid CAGR of nearly 10% by 2019. The increasing use of SWIFT (Society for Worldwide Interbank Financial Telecommunication) services is expected to lead to process automation across the globe, which in turn would facilitate the systematic transfer plan by cutting the costs and risks associated with it. This will enhance the services through risk management and shift the focus to the estate and trust.

The rising need for customer analytics is the key driver for the growth of this market. Analytics helps to understand the different customer segments and their investment pattern in different asset classes. Since customer analytics is an important tool to understand the relationship-based pricing strategies, their augmented usage during the forecast period will aid in understanding the banking needs of customers.

Geographical segmentation of the global wealth management market: In this market research report, analysts estimate the North American region to be the largest market for wealth management solutions during the forecast period. At present, this region accounts for a market share of nearly 32% and is envisaged to retain its dominating hold over the market by the end of 2019 due to the development of a new client service model by multi-family offices (MFOs). Order a Copy of Global Wealth Management Market 2015-2019 report at http://www.rnrmarketresearch.com/contacts/purchase?rname=437881.

Competitive landscape and key vendors: This market is highly competitive and fragmented due to the presence of many large firms like Allianz and Vanguard group. The top vendors in this market are trying to leverage the technology so that they can provide customized solutions to the clients. This will help vendors to increase their market revenue generating capacity and will also allow them to gain a competitive edge over their rivals. The key players in the global wealth management market are BlackRock, UBS, Allianz, Vanguard Group, State Street Global Advisors, PIMCO, Fidelity Investments, AXA and Credit Suisse.

The other prominent vendors in the market are BNY Mellon, Credit Agricole, Capital Group and Deutsche Asset & Wealth Management.

Further, the report states that lack of proper due diligence is the most important challenge that is faced by the wealth management industry.

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