Industry Analysis & Industry Trends
The Private Banking Services industry, which provides wealth management services to high-net-worth clients, is expected to grow robustly in the five years to 2015. Although massive devaluations of client assets in the wake of the financial crisis encouraged low-risk investments and eroded revenue from asset- and performance-based fees, the industry has rebounded in recent years due to strong growth in the stock market. In the next five years, growth in the number of high-net-worth individuals will expand the industry's potential market, but also force firms to reorient their services. Although competition from other financial firms is expected to continue to intensify, the industry is projected to continue growing in the five years to 2020.... purchase to read more
Industry Report - Industry Products Chapter
Industry operators act as private wealth advisors that have specialized training and education to assist high-net-worth clients' financial needs. Wealth management professionals invest client money into investment products, which provides clients exposure to a range of assets to grow their money. Equities are the most popular asset; however, the onset of the recession caused large shifts in investment.
Investment in equities by private banks includes large-cap stocks (market capitalization of a least $10.0 billion), as well as small- and mid-cap stocks. This segment represents the largest proportion of industry revenue and is estimated to account for 35.0% of industry revenue... purchase to read more