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Private Banking Services in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Private Banking Services Market Research Report | Advisory & Financial Services | Alternative Financing | Mar 2014

Getting richer: As more consumers gain wealth after the recession, the industry is expected to grow

IBISWorld’s Private Banking Services market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Bank of America Bank of America market share
JPMorgan Chase & Co. JPMorgan Chase & Co. market share
Morgan Stanley Smith Barney Morgan Stanley Smith Barney market share
Wells Fargo Wells Fargo market share
Industry Statistics & Market Size
Revenue
$33bn
Annual Growth 09-14
4.1%
Annual Growth 14-19
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Profit
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Employment
38,233
Businesses
2,928
Industry Analysis & Industry Trends

The Private Banking Services industry performed well over the five years to 2014, weathering the recession as the rich got richer. Growth is expected to continue in the five years to 2019 as more consumers attain wealth. Operators will need to refocus on high-net-worth consumers as that market expands.... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Private Banking Services industry is in the mature stage of its economic life cycle. This stage is characterized by increasing regulatory costs, competition and wholehearted market acceptance of industry services. Industry value added (IVA), which measures an industry's contribution to the overall economy, is expected to increase at an average annual rate of 4.5% over the 10 years to 2019. While US GDP is projected to grow at a slower annualized rate of 2.7% over the same period, this is largely the result of contracting profit margins and decreasing employee bonuses and benefits in 2009. The recovery of profit margins and wages from this recessionary base has boosted the IVA growth rate... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Private Banking Services Industry?

This industry comprises banking institutions that actively manage wealth for clients with investable assets exceeding $1.0 million. Private banks have the ability to make investment decisions and generate revenue through fees that are based on asset management, portfolio performance and specialty-wealth advisory services.

Industry Products
Cash and equivalent assetsFixed income assetsEquitiesAlternative assetsOther and balanced assets
 
Industry Activities
Assisting high-net-worth clients with financial needsProviding specialty-wealth advisory servicesActively managing client portfoliosEquity asset managementFixed-income asset managementAlternative asset management


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