Overview

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

IBISWorld’s industry research report on Private Banking Services provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Strong recent growth in the stock market has helped bolster industry assets
  • The financial crisis resulted in massive devaluations for most asset classes, which reduced revenue
  • Asset appreciation and net inflows are expected to maintain industry profitability

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    Industry Analysis & Industry Trends

    The Private Banking Services industry is a part of the broader wealth management market designed for high-net-worth clients, who have at least $1.0 million in investable assets, and ultra-high-net-worth clients, whose investable assets exceed $10.0 million. Private banks, which can be either divisions of larger financial institutions or independent entities, compete for clients not only with each other, but also with full-service securities brokerages, financial planners and other firms that perform similar functions. In the coming years, private banks will need to take advantage of opportunities while adapting to challenges...

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    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 2016, IBISWorld estimates the average industry wage to be $273,561, demonstrating the high salaries, bonuses and benefits private banks offer employees in order to attract talent.

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    Additional Insights for the Private Banking Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Private Banking Services Industry are

  • Ability to alter investment in favor of market conditions
  • Ability to effectively manage risk
  • Access to highly skilled workforce
  • IBISWorld analysts also discuss how external factors such as S&P 500 and Yield on 10-year Treasury note in the Private Banking Services industry impact industry performance..

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    Look under the hood?

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    Industry Products

    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 assets
    Fixed income assets
    Equities
    Alternative assets
    Other and balanced assets
    Industry Activities
    Assisting high-net-worth clients with financial needs
    Providing specialty wealth-advisory services
    Actively managing client portfolios
    Equity asset management
    Fixed-income asset management
    Alternative asset management

    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
  • S&P 500
  • Yield on 10-year Treasury note
  • Personal savings rate
  • Investor uncertainty
  • Regulation for the Banking sector

  • Current Performance
  • Crisis and recovery
  • Regulation altering landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Rising wealth worldwide
  • Increasing competition for clients
  • Table: Private Banking Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Private Banking Services Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Accounting Services
  • Commercial Leasing
  • Financial Planning & Advice
  • Law Firms
  • Securities Brokering

  • Products & Services
  • Equities
  • Fixed income assets
  • Cash and equivalent assets
  • Alternative assets
  • Other and balanced assets
  • Chart: Private Banking Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • High-net-worth individuals
  • Ultra-high-net-worth individuals
  • Chart: Major Market Segmentation for the Private Banking Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Private Banking Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Private Banking Services Industry

  • Industry Globalization
    Major Companies
    JPMorgan Chase & Co.Wells Fargo & CompanyMorgan Stanley Smith Barney LLCBank of America Corporation
  • Table: JPMorgan Chase & Co. - financial performance
  • Table: Wells Fargo & Company - financial performance
  • Table: Morgan Stanley Smith Barney LLC - financial performance
  • Table: Bank of America Corporation - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Private Banking Services 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 Private Banking Services Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • S&P 500 (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Assets Under Management (Aum)
  • The assets (e.g. equities, fixed income, real estate and alternative assets) managed on behalf of clients.
  • Commercial Paper
  • Commercial paper refers to unsecured promissory notes with a fixed maturity. These are usually sold by large corporations to acquire money in the short-term.
  • High-Net-Worth Client
  • Individuals with at least $1.0 million in investable assets.
  • Market Capitalization
  • Market capitalization refers to the total value of issue shares of a publicly traded company.
  • Ultra-High-Net-Worth Client
  • Individuals with at least $10.0 million in investable assets.
  • 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 Private Banking Services:
    • 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 Private Banking Services 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 Private Banking Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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