This report reviews macro trends within wealth management in 2022 and 2023, evaluating they have affected growth among the world’s largest wealth managers. It examines the competitive dynamics within the three major wealth management markets―North America, Europe, and Asia—and concludes with a ranking of the top 40 global wealth managers, providing observations about each firm’s growth and strategies.
This report continues Datos Insights’ Global Wealth Manager Market Monitor series, launched in 2014, presenting a league table for the global wealth management industry, with rankings based on data as of year-end 2023. It is based on the annual reports and filings with securities regulators of more than 50 wealth managers around the globe for the years 2021 to 2023, information from industry press, and internet searches about developments in these firms’ strategies and leadership changes. The report also provides insight into the specific strategies of each top 40 firm and enables readers to understand and appreciate the different drivers of success across North America, Europe, and Asia.
Clients of Datos Insights’ Wealth Management service can download this report.
This report mentions ABN AMRO, Agricultural Bank of China, Ameriprise Financial, Baird, Bank of America Merrill Lynch, Bank of China, Bank of the West, BMO, BNP Paribas, BNY Mellon, Brewin Dolphin, Charles Schwab, China Construction Bank, China Merchants Bank, Citi, Creative Planning, Credit Suisse, Daiwa Securities, DBS, Deutsche Bank, Edward Jones, Fidelity Personal and Workplace Advisors, First Horizon, First Republic, Fisher Investments, Goldman Sachs, HSBC, ICBC, JP Morgan Chase, Julius Baer, Lombard Odier, LPL Financial, Morgan Stanley, MUFG Union Bank, Nomura Securities, Northern Trust, Northwestern Mutual, OCBC, Pictet, Raymond James, RBC, Silicon Valley Bank, Stifel, TD Bank, Truist, U.S. Bancorp, UBS, United Capital, Vanguard Advisers, and Wells Fargo.
About the Author
William Whitt
William Whitt is a Strategic Advisor on Datos Insights’ Wealth Management team, covering advisor trends, advisor-focused platforms and tools, digital wealth management, electronic trading, financial planning and retirement income, listed and OTC derivatives, and registered investment advisors. Most recently, William was a Director for Charles Schwab, where he oversaw a large portfolio of technology initiatives designed to reinvent and modernize...