- The key vendors in the global wealth management market 2015-2019 are Allianz, BlackRock, Vanguard, UBS, State Street Global Advisors, feidelity Investments, J.P. Morgan, PIMCO, Credit Suisse and AXA.
London, 16 November 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global wealth management market 2015-2019. Globalization has led to a lot of digitalization strategies that have strengthened customer engagement and the client relationship. Several electronic platforms like online tools and virtual advice have led to an increase in the growth pattern of the AUM. The global wealth management market is expected to grow at a CAGR of 9.09% during the forecast period of 2015-2019.
It is important to understand demographic and behavioral data statistics that would also help in personalized relationship development. Wealth managers are increasingly using predictive analytics and scenario-based modeling to understand the relationship-based pricing strategies. These are effective tools that help in comprehending the banking needs of customers and also attract huge additional assets.
“The wealth management industry must always focus on the AUM by constantly monitoring and redesigning different strategies,” says Faisal Ghaus, Vice President of Technavio Research.
“The private wealth managers and institutions are trying to adopt an institutional structure that will give a clear scenario of the complex client requirements and on the overall process, in order to have the best strategy and goals.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Wealth Management Market 2015-2019, please send an e-mail to media@TechNavio.com
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