Boston, December 14, 2021 – The wealth management industry experienced seismic shifts during 2020 as incumbents merged and a surge of new investors entered the market. Two trends were driven in large part by the events of the COVID-19 pandemic: Social distancing drastically accelerated digital adoption, and new investors flush with stimulus cash flooded the market.
This Impact Report analyzes changes to client assets, fee-based assets, advisors, productivity, and market share, and it discusses leading players in each group. It also examines major trends and the key drivers of change for each segment. This report is based on public regulatory filings, investor presentations, news articles, and other publicly available information. It also incorporates insights gleaned from interviews with firm executives throughout 2020.
This 53-page Impact Report contains 20 figures and four tables. 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, Blaze Portfolio, Bloomberg, 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, Folio Institutional, Focus Financial Partners, 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, 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, Waddell & Reed, Wedbush Securities, and Wells Fargo.