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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 2015

Top of the heap: Increased wealth and stock market recovery will propel industry growth

The Private Banking Services market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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
$42bn
Annual Growth 10-15
7.2%
Annual Growth 15-20
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Profit
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Employment
47,206
Businesses
3,192
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 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 6.7% over the 10 years to 2020. While US GDP is projected to grow at a slower annualized rate of 2.5% over the same period, this is largely the result of low profit margins and reduced employee bonuses and benefits in 2010. 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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