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 Locations Chapter
The geographic distribution of firms in the Private Banking Services industry is highly reliant on the level of wealth, population and other financial institutions in the area. Accordingly, the Mid-Atlantic accounts for the largest share of establishments, followed by the West and Southeast.
The Mid-Atlantic region contains the largest share of industry establishments with an estimated 22.6% in 2014. The region is highly important for investment bankers and securities dealers, who are potential clients for industry operators. The most notable state is New York, which contains 13.1% of industry establishments, despite only comprising 6.2% of the US population... purchase to read more