Financial Advisory Services Market Size (2024 - 2029)

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 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.