The global wealth management industry has remained buoyant in the last decade despite the many challenges it has encountered. This is especially true for 2020, when the wealth management industry as a whole weathered the ups and downs of the COVID-19 pandemic with strength and resilience, remaining in growth mode globally. Wealth management services are offered by financial institutions of different sizes through a variety of business models, and they differ greatly by region.
“At the end of the 2020 financial year, the top 25 wealth managers together held approximately US$29 trillion in client assets globally, which is a 14% increase from the end of the previous financial year,” explains Aite-Novarica Group Strategic Advisor Meghna Mukerjee. “Clearly, the COVID-19 pandemic that unfolded in 2020 did not slow down the fortunes of the biggest wealth managers,” she says.
This Impact Report—an annual market monitor that was last published in 2019—analyzes and ranks the 25 largest wealth management firms in the world based on client assets. For this research, Aite-Novarica Group relied on public disclosures from firms and analyzed third-party research reports as well as existing knowledge and estimates.
