Financial Advisory Services Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Financial Advisory Services Market Analysis
Global Financial Advisory Services Market has generated a revenue of USD 105 billion in the current year and is expected to register a CAGR of 6% for the forecast period. Financial advisory services can include a whole host of individuals, such as wealth managers, certified financial planners, certified public accountants, and investment advisors. Financial advisory service helps end users in financial planning to achieve their future investment goals, which means planning for future financial needs by investing in return-oriented instruments. It is difficult to evaluate various investment instruments and market cycles. Thus, financial advisory services play a major guiding role in financial planning.
The outbreak of COVID-19 negatively affected the global financial advising services industry due to instability in global financial sectors, the economic downturn, and a highly volatile market. An increase in demand for financial advisory services among SMEs and a significant increase in global high-net-worth individuals supported the growth of the financial advisory services market. In addition, factors such as increasing demand for alternative investments positively and awareness of investments for future needs impacted the growth of the market positively.
Financial advisory services consist of fees earned for assisting clients with transactions related to mergers and acquisitions and financial restructurings. Revenue varies depending on the size of the transaction and the scope of services performed and is generally contingent on the successful completion of the transaction.
Financial Advisory Services Market Trends
Majority of Revenues generated from United states
The United States of America contributes the major revenue in the advisory market when compared to other countries in the world. BOA is a major financial advisory that occupies the majority of business shares in the United States.BOA's responsible business practices have a direct, positive impact on two areas critical to growth strength and stability as a global financial institution and the capacity to meet the financial needs of clients in all phases of their lives. Bank of America is one of the top market players in the financial advisory Services Market. As of 2021, the United States (U.S.) was by far the region where Bank of America generated the majority of its revenue net of interest expense. In 2021, the Bank of America generated approximately three by fourths of revenue net of interest expense in the United States, followed by Europe, the Middle East, and Africa.
Share of Investors where Individuals are Confident in Making Personal Investment Decisions by Investment Groups
Beginner Investors are one-third of the total investors with personal confidence in making investment decisions. In contrast, Expert Investors have a major market share in making investment decisions. Beginners usually invest money to get instant profits, but unfortunately, individuals can not understand that it depends on market volatile conditions. Any investor must thoroughly review all investment-related documents before making any investment decisions. In the initial stages, investors must plan investments with a very minimum amount, which will help better understand the markets and portfolios.
Financial Advisory Services Industry Overview
The report covers major players operating in the Global Finacial Advisory services market. In terms of market share, few of the major players currently dominate the market. The report presents detailed profiling of a few major companies, including product offerings, regulations governing them, their headquarters, and financial performance. The major players in the market are Bank of America Corporation, BCG Group, Goldman Sachs Group Inc, JP Morgan Chase & Co, and Morgan Stanley.
Financial Advisory Services Market Leaders
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Bank of America Corporation
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BCG Group
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Goldman Sachs Group Inc.
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JP Morgan Chase & Co.
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Morgan Stanley
*Disclaimer: Major Players sorted in no particular order
Financial Advisory Services Market News
- February 2023: Morgan Stanley Investment Management announced that it had received approval from the China Securities Regulatory Commission (CSRC) to take a full controlling stake in Morgan Stanley Huaxin Funds, marking a key strategic advancement for the company's broader footprint in China.
- February 2023, Global management consulting firm Boston Consulting Group has made a high-profile hire in Germany, welcoming Axel Weber - the former president of the country's central bank and UBS chairman, to its ranks and appointing a senior advisor.
Financial Advisory Services Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
- 4.4 Insights on Various Regulatory Trends Shaping the Market
- 4.5 Insights on impact of technology in the Market
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4.6 Industry Attractiveness - Porters' Five Forces Analysis
- 4.6.1 Threat of New Entrants
- 4.6.2 Bargaining Power of Buyers
- 4.6.3 Bargaining Power of Suppliers
- 4.6.4 Threat of Substitutes
- 4.6.5 Intensity of Competitive Rivalry
- 4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
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5.1 By Type
- 5.1.1 Corporate Finance
- 5.1.2 Accounting Advisory
- 5.1.3 Tax Advisory
- 5.1.4 Transaction Services
- 5.1.5 Risk Management
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5.2 By Organization Size
- 5.2.1 Large Enterprises
- 5.2.2 Small & Medium-Sized Enterprises
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5.3 By Industry Vertical
- 5.3.1 Bfsi
- 5.3.2 It And Telecom
- 5.3.3 Manufacturing
- 5.3.4 Retail And E-Commerce
- 5.3.5 Public Sector
- 5.3.6 Healthcare
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5.4 By Geography
- 5.4.1 North America
- 5.4.1.1 USA
- 5.4.1.2 Canada
- 5.4.1.3 Rest of North America
- 5.4.2 Europe
- 5.4.2.1 UK
- 5.4.2.2 Germany
- 5.4.2.3 France
- 5.4.2.4 Italy
- 5.4.2.5 Spain
- 5.4.2.6 Rest of Europe
- 5.4.3 Asia-Pacific
- 5.4.3.1 China
- 5.4.3.2 Japan
- 5.4.3.3 Australia
- 5.4.3.4 India
- 5.4.3.5 South Korea
- 5.4.3.6 Rest of Asia-Pacific
- 5.4.4 Middle-East and Africa
- 5.4.4.1 Saudi Arabia
- 5.4.4.2 Egypt
- 5.4.4.3 UAE
- 5.4.4.4 Rest of Middle-East and Africa
- 5.4.5 South America
- 5.4.5.1 Argentina
- 5.4.5.2 Colombia
- 5.4.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
- 6.1 Market Concentration Overview
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6.2 Company Profiles
- 6.2.1 Bank of America Corporation
- 6.2.2 BCG Group
- 6.2.3 Goldman Sachs Group Inc.
- 6.2.4 JP Morgan Chase & Co.
- 6.2.5 Morgan Stanley
- 6.2.6 Deloitte
- 6.2.7 EY Financial Services
- 6.2.8 KPMG
- 6.2.9 Pwc
- 6.2.10 Wells Fargo & Co*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Financial Advisory Services Industry Segmentation
Financial Advisory Services consist of a team of qualified professionals that provide advice on how to manage money and assets efficiently. Proper planning and allocation of funds can be quite nerve-wracking for anyone. A financial advisor is an expert that helps at each stage, from planning to constructing a portfolio of assets. Financial Advisory Services Market is segmented by type (Corporate Finance, Accounting Advisory, Tax Advisory, Transaction Services, Risk Management, and others), by organization size (Large Enterprises and Small & Medium-Sized Enterprises), by industry Vertical (BFSI, IT, and Telecom, Manufacturing, Retail, and E-Commerce, Public Sector, Healthcare, and others), by geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The report offers market size and forecasts for the Global Financial Advisory Services Market in value (USD Billion) for all the above segments.
| By Type | Corporate Finance | |
| Accounting Advisory | ||
| Tax Advisory | ||
| Transaction Services | ||
| Risk Management | ||
| By Organization Size | Large Enterprises | |
| Small & Medium-Sized Enterprises | ||
| By Industry Vertical | Bfsi | |
| It And Telecom | ||
| Manufacturing | ||
| Retail And E-Commerce | ||
| Public Sector | ||
| Healthcare | ||
| By Geography | North America | USA |
| Canada | ||
| Rest of North America | ||
| By Geography | Europe | UK |
| Germany | ||
| France | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| By Geography | Asia-Pacific | China |
| Japan | ||
| Australia | ||
| India | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| By Geography | Middle-East and Africa | Saudi Arabia |
| Egypt | ||
| UAE | ||
| Rest of Middle-East and Africa | ||
| By Geography | South America | Argentina |
| Colombia | ||
| Rest of South America |
Financial Advisory Services Market Research FAQs
What is the current Financial Advisory Services Market size?
The Financial Advisory Services Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Financial Advisory Services Market?
Bank of America Corporation, BCG Group, Goldman Sachs Group Inc., JP Morgan Chase & Co. and Morgan Stanley are the major companies operating in the Financial Advisory Services Market.
Which is the fastest growing region in Financial Advisory Services Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Financial Advisory Services Market?
In 2024, the North America accounts for the largest market share in Financial Advisory Services Market.
What years does this Financial Advisory Services Market cover?
The report covers the Financial Advisory Services Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Financial Advisory Services Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
What are the major factors driving the growth of the Financial Advisory Services Market?
The major factors driving the growth of the Financial Advisory Services Market are a) Increasing demand for financial advisory services by SMEs (Small and Medium Enterprises) and high-net-worth individuals b) Rising demand for alternative investments c) Personalization in financial advisory services and Rising adoption of robo-advisors
Financial Advisory Services Industry Report
The financial advisory services market is experiencing significant growth, driven by the increasing adoption of digital platforms and AI technologies that enhance data analysis, predictive analytics, and personalized financial insights. These advancements are revolutionizing the industry by enabling more accurate risk assessments, tailored investment strategies, and automated portfolio management. Segmented by service type, asset class, organization size, and end-user, the market caters to a diverse range of clients including SMEs and high-net-worth individuals, with a strong demand among large enterprises and in sophisticated regions like North America. Despite challenges in maintaining high service levels and generating superior returns in a dynamic landscape, opportunities for growth are abundant, especially in emerging economies and through financial technology innovations. This underscores the expanding scope and importance of the financial advisory industry, highlighting its critical role in economic and personal financial management. For detailed statistics on market share, size, and revenue growth rate, refer to Mordor Intelligence™ Industry Reports, which include market forecasts, outlooks, and historical overviews available as free report PDF downloads.
