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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

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
$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 Investment Chapter

The Private Banking Services industry has a low level of capital intensity. This primarily reflects high compensation for skilled investment managers and specialty wealth advisors, as well as outsourcing of data processing and other purchased computer services. While private banks invest in telecommunication services, information technologies and electronic distributions systems to better serve their clients, industry operators depend more on employees to provide private banking services. In 2015, IBISWorld estimates the average industry wage to be $271,000, demonstrating the high salaries, bonuses and benefits private banks offer employees in order to attract talent... 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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