London, 3 November 2021 – The global wealth management industry has remained buoyant in the last decade despite the many challenges it has encountered. This is especially true for 2020, when the wealth management industry as a whole weathered the ups and downs of the COVID-19 pandemic with strength and resilience, remaining in growth mode globally. Wealth management services are offered by financial institutions of different sizes through a variety of business models, and they differ greatly by region.

This Impact Report—an annual market monitor that was last published in 2019—analyzes and ranks the 25 largest wealth management firms in the world based on client assets. For this research, Aite-Novarica Group relied on public disclosures from firms and analyzed third-party research reports as well as existing knowledge and estimates.

This 39-page Impact Report contains eight figures and three tables. Clients of Aite-Novarica Group’s Wealth Management service can download this report and the corresponding charts.

This report mentions ABN AMRO, Ameriprise, Bank of America Merrill Lynch, Bank of China, Bank of Montreal, BNP Paribas, BNY Mellon Wealth Management, China Construction Bank, China Merchants Bank, Citi, Credit Suisse, Daiwa, Deutsche Bank, Eaton Vance, Edward Jones, E-Trade, Goldman Sachs, HSBC, ICBC Private Banking, Indosuez Wealth Management, ING, JPMorgan Chase, Julius Baer, Lombard Odier, LPL Financial, Morgan Stanley, Northern Trust, Nomura, Nutmeg, OpenInvest, Pictet, Raymond James, Royal Bank of Canada, Santander, Stifel Nicolaus, UBS, Wells Fargo, and 55ip.