New Realities in Wealth Management: Evolution Amid Turbulence

Turbulent markets will cause headwinds for growth, and wealth managers must do what they can to weather the storm.

December 8, 2022 – In the U.S., investors are spoiled for choice with firms to invest their hard-earned money with. There are all manners of wealth managers catering to investor needs, from large enterprise firms to small, intimate independent financial. Business models have continued to emerge and evolve, and Aite-Novarica Group continues to monitor shifts within the industry across five key segments: wirehouses, self-clearing retail broker-dealers, clearing and custody firms, discount and online broker-dealers, and bank trusts.

Within these segments, this report analyzes changes to client assets, fee-based assets, advisors, productivity, and market share, and it discusses leading players in each group. It is based on public regulatory filings, investor presentations, news articles, and other publicly available information.

Clients of Aite-Novarica Group’s Wealth Management service can download this report and the corresponding charts.

This report mentions Ameriprise, Apex Clearing, Appleton Partners, AXA Advisors, Barclays, BlackRock, Bloomberg, BNY Mellon, Cambridge Investment Research, Charles Schwab, Chase Investment Services, Commonwealth Financial Network, Dynasty Financial Partners, COR Clearing, Eaton Vance, Edward Jones, Envestnet, Equity Advisor Solutions, E-Trade, Fidelity, Fifth Third Securities, Focus Financial Partners, Folio Institutional, Folio Investing, Goldman Sachs, Hightower Advisors, Hilliard Lyons, Hilltop Securities, Interactive Brokers, INTL FCStone, J.P. Morgan, LPL Financial, Merrill Lynch, Morgan Stanley, National Advisors Trust, Northwestern Mutual, Northern Trust, Oppenheimer & Co., Orion Advisor Solutions, Oxford Financial Group, Pershing, Raymond James, RBC, Robert W. Baird, Robinhood, Shareholders Service Group, Shareworks, Shepherd Kaplan, State Street, Stifel Nicolaus, TD Ameritrade, Trade PMR, UBS, United Capital, U.S. Bank, Visa, Wealthfront, Wedbush Securities, and Wells Fargo.

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