Overview

Planned out: Revenue is projected to continue increasing as financial markets improve

IBISWorld’s industry research report on Financial Planning & Advice in New York can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • As more Americans near retirement age, they will seek industry services for their finances
  • Consumers and institutions have been bargain hunting, leading to a decline in industry operators
  • The industry will continue growing as a result of appreciating capital markets

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    Industry Analysis & Industry Trends

    The Financial Planning and Advice industry in New York has performed well over the five years to 2017, with revenue expected to increase over the five-year period. Over the past five years, rebounding employment and growing disposable income have positively impacted new and recurring advice fees. Over the five years to 2022, revenue is projected to continue to increase as financial markets improve...

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    Industry Report - Industry SWOT Analysis Chapter

    ***This section is not used for US State reports.***

    Only set Reasons & Level!

    ..

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    Additional Insights for the Financial Planning & Advice in New York Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Financial Planning & Advice in New York Industry are

  • Having a loyal customer base
  • Having a good reputation
  • Experienced work force
  • IBISWorld analysts also discuss how external factors such as Per Capita Disposable Income in New York and Number of adults aged 65 and older in New York in the Financial Planning & Advice in New York industry impact industry performance..

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    Industry Products

    What is the Financial Planning & Advice in New York Industry?

    This industry comprises companies that provide financial planning, financial advice and wealth management to individuals and business clients. Operators also offer advice, in conjunction with other activities such as portfolio management, protection planning and brokerage services. This industry does not include mutual fund companies, hedge funds, discount brokers, insurance brokers or other companies that deliver these services, outside the context of a written financial plan.

    Industry Products
    Personal financial planning and advice
    Personal investment management
    Business and government planning and management
    Other services
    Industry Activities
    Fee-based financial investment advice services
    Financial planning services

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Per Capita Disposable Income in New York
  • Number of adults aged 65 and older in New York
  • S&P 500
  • Regulation for the Investment Management industries

  • Current Performance
  • Revenue
  • A new landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Economic improvements
  • Competition and streamlining
  • Table: Financial Planning & Advice in New York Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Financial Planning & Advice in New York Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Credit Unions
  • Health & Medical Insurance
  • Investment Banking & Securities Dealing
  • Life Insurance & Annuities
  • Open-End Investment Funds
  • Portfolio Management
  • Savings Banks & Thrifts

  • Products & Services
  • Business and government planning and management
  • Personal financial planning and advice
  • Other services
  • Personal investment management
  • Chart: Financial Planning & Advice in New York Industry Products and Services Segmentation

  • Major Markets
  • Individuals and households
  • Businesses and governments
  • Chart: Major Market Segmentation for the Financial Planning & Advice in New York Industry

  • Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Financial Planning & Advice in New York

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Financial Planning & Advice in New York Industry

  • Major Companies
    Bank of America Corporation Morgan Stanley Wealth ManagementWells Fargo & CompanyAmeriprise Financial Inc.Raymond James Financial
  • Table: Bank of America Corporation - financial performance
  • Table: Morgan Stanley Wealth Management - financial performance
  • Table: Wells Fargo & Company - financial performance
  • Table: Ameriprise Financial Inc. - financial performance
  • Table: Raymond James Financial - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Financial Planning & Advice in New York Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Financial Planning & Advice in New York Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Assets Under Management (Aum)
  • The value of client assets that are under advice.
  • Baby Boomer Generation
  • The largest generation in US history; currently entering retirement age.
  • High Net-Worth Individual (Definition 1)
  • An individual with at least $1.0 million in assets, excluding collectibles, consumable goods, durable goods and primary residences.
  • High Net-Worth Individual (Definition 2)
  • An individual with at least $750,000 managed by an adviser, or at least $1.5 million of net worth held jointly with a spouse, including the primary residence.
  • No-Load Fund
  • A fund that requires no fee or commission to purchase.
  • The Rand Report
  • Report commissioned by the Securities and Exchange Commission about "Investor and Industry Perspectives on Investment Advisers and Broker-Dealers."
  • Wrap Account
  • An account where fees are based on a fixed percentage of total assets under management.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Financial Planning & Advice in New York:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Financial Planning & Advice in New York market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Financial Planning & Advice in New York, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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