Latin America Wealth Management Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 1.18 Trillion |
| Market Size (2029) | USD 1.32 Trillion |
| CAGR (2024 - 2029) | 2.34 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Latin America Wealth Management Market Analysis
The Latin America Wealth Management Market size in terms of assets under management value is expected to grow from USD 1.18 trillion in 2024 to USD 1.32 trillion by 2029, at a CAGR of 2.34% during the forecast period (2024-2029).
Latin American market has been witnessing traditional Private banks as their major player in channelizing the wealth of most of the retail investors. Still, with the decrease in the interest rates and growth of middle-class investors, the retail investors began opting the other alternatives investment. Hence, the share of private banks in total asset management of Latin America slowed down. In Latin America, where the major economies were struggling, the HNWI population grew the least globally, by -0.2%, while HNWI wealth increased by a meagre 1.8%. HNWI wealth increased in Argentina, Brazil, and Mexico, while the decrease in HNWI wealth in other LATAM regions countered the growth. Together, these three markets account for 71% of LATAM's HNWI population and 83% of its HNWI wealth, and they had 0.3% and 2.4% growth in both population and wealth, respectively. Gains were offset by weakness in other LATAM economies, where the population of HNWIs fell by 1.5%, and wealth fell by 1.0%. The Asset under Management (AuM) has most of the assets remaining in the form of Mutual funds. It is expected to increase at a double-digit rate throughout the forecast period.
In 2020, COVID-19 hit the Latin American Wealth Management Market badly. This was the year of the devastating coronavirus pandemic, and the impact of the lockdown forced the economy to go downward. Despite the pandemic, global wealth increased for the year. Global high net worth individual (HNWI) population and financial wealth increased by 6.3% and 7.6%, respectively. The unprecedented stock market gains in the key market increased the HNWI wealth. A similar scenario was seen in the Latin America Wealth market. Although the HNWI population decreased by 4%, the wealth of HNWI increased by 0.5%.
The large private Banks manage the majority of AuM, but with the increase in the wealth of wealthy families, the number of Family offices managing their money is also increasing.
Latin America Wealth Management Market Trends
This section covers the major market trends shaping the Latin America Wealth Management Market according to our research experts:
Alternative Assets To Boom In Latin America
The demands of investors are shifting, but their need for high returns remains constant. Alternative assets will likely grow in popularity in the next years, owing to rising investor demand for ESG considerations. Latin America's fund managers will need to factor these changes into their strategic operations strategies while maintaining a focus on growth and performance.
In the future, most Latin Americans intend to grow their exposure to alternative asset classes, the most popular of which are private equity, private debt, and infrastructure. Many are restricted due to mandates, but it is projected that their allocations will expand even further once regulatory reforms take effect. Chile's 2017 reforms, for example, have allowed pension funds to engage in alternatives, requiring them to dedicate 5% to 15% of their portfolio to these illiquid asset classes. In the future years, as interest rates decrease, pension funds will increasingly resort to alternatives to meet their mandates and meet increased demand.
HNWI Client Type Increasing Wealth Signifying Growth in Latin America Wealth Management Market
In 2021, the wealth of HNWI in Latin America increased by 1.8 %; a similar increase was seen in the region's total wealth. This increased wealth relates to increasing demand for the region's wealth management products and services. This increase signifies a growing wealth management market in Latin America and will remain to show an upward trend throughout the forecast period.
Latin America Wealth Management Industry Overview
The Latin America Wealth Management Market is growing and highly competitive across different countries like Brazil, Columbia, and Peru Latin America offers a huge number of competitive players dominating the market, nowadays grabbing the market more powerfully through mergers and acquisitions and traditional investment opportunities are led by Brazil Market has made the Latin America Wealth Management Market very competitive and strong. International chains and their brands, such as Credit Suisse, and Morgan Stanley, are widely famous and leading the market. Latin America groups such as BTG PActual, and Bradesco have been focusing on technology innovations and offering more platforms for wealth management, thus, leading the Latin America Wealth Management Market for past long time.
Latin America Wealth Management Market Leaders
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Credit Suisse
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BTG Pactual
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Morgan Stanley
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Bradesco
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BBVA Bancomer
*Disclaimer: Major Players sorted in no particular order
Latin America Wealth Management Market News
- In 2021, BTG Pactual hired a private banker from the Swiss private bank Credit Suisse for its Miami wealth management business. Leonardo Brayner joined the Brazilian group after having spent 11 years at Credit Suisse's offices in The Bahamas, where he most recently served as a vice president of wealth management on its client service desk.
- In 2021, Credit Suisse made a USD 400 million cash distribution, in line with its announcement that Credit Suisse would repay some of the money from the closed Greensill supply chain funds. The money will be paid to the investors in the bank's Virtuoso SICAV-SIF funds. Credit Suisse's four Virtuoso SICAV-SIF funds were invested in the supply chain funds.
Latin America Wealth Management Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of Study
2. RESEARCH METHODOLOGY
3. EXCEUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
- 4.4 Industry Value Chain Analysis
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4.5 Industry Attractiveness - Porter Five Forces
- 4.5.1 Threat of New Entrant
- 4.5.2 Bargaining Power of Buyers/ Consumers
- 4.5.3 Bargaining Power of Suppliers
- 4.5.4 Threat of Substitute Product
- 4.5.5 Intensity of Competitive Rivalry
- 4.6 Insights of Technology Innovations in the Market
- 4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
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5.1 By Client Type
- 5.1.1 HNWIs
- 5.1.2 Retail/ Individuals
- 5.1.3 Mass Affluent
- 5.1.4 Others
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5.2 By Wealth Management Firm Type
- 5.2.1 Private Bankers
- 5.2.2 Family Offices
- 5.2.3 Others
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5.3 By Geography
- 5.3.1 Brazil
- 5.3.2 Chile
- 5.3.3 Peru
- 5.3.4 Colombia
- 5.3.5 Rest of Latin America
6. COMPETITIVE LANDSCAPE
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6.1 Market Concentration Overview
- 6.1.1 Company Profiles
- *List Not Exhaustive
- 6.1.1.1 Credit Suisse
- 6.1.1.2 BTG Pactual
- 6.1.1.3 Itau Private Bank
- 6.1.1.4 Bradesco
- 6.1.1.5 UBS
- 6.1.1.6 Citi Wealth Management
- 6.1.1.7 Morgan Stanley Private Banking
- 6.1.1.8 3G Capital
- 6.1.1.9 BBVA Bancomer
- 6.1.1.10 Other Key Private Banks and Family Offices
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER & ABOUT US
Latin America Wealth Management Industry Segmentation
A wealth management platform is an advisor platform that provides a client's complete wealth overview, financial goal planning, and portfolio management capabilities. Latin AmericaWealth Management is one of the growing and highly demanded Wealth Management markets as people prefer the AuM from technology-driven and innovative platforms for which the Latin America wealth management firms are found much more efficient. A complete background analysis of the Latin America Wealth Management Market includes an assessment of the economy, a market overview, market size estimation for key segments, emerging market trends, market dynamics, and key company profiles are covered in the report. The Latin America Wealth Management Market is segmented by client type, wealth management firm type, and by geography. By Client Type, the market is segmented into HNWI, Retail/ Individuals, Mass Affluent, and Others. By Wealth Management Firm Type the market is segmented into Private Bankers, Family Offices, and Others. The report also covers the market sizes and forecasts for the Latin America Wealth Management Market across key countries (Brazil, Chile, Peru, Colombia, and the Rest of Latin America). The report offers Market size and forecasts for Latin America Wealth Management Market in value (USD Million) for all the above segments.
| By Client Type | HNWIs |
| Retail/ Individuals | |
| Mass Affluent | |
| Others | |
| By Wealth Management Firm Type | Private Bankers |
| Family Offices | |
| Others | |
| By Geography | Brazil |
| Chile | |
| Peru | |
| Colombia | |
| Rest of Latin America |
Latin America Wealth Management Market Research FAQs
How big is the Latin America Wealth Management Market?
The Latin America Wealth Management Market size is expected to reach USD 1.18 trillion in 2024 and grow at a CAGR of 2.34% to reach USD 1.32 trillion by 2029.
What is the current Latin America Wealth Management Market size?
In 2024, the Latin America Wealth Management Market size is expected to reach USD 1.18 trillion.
Who are the key players in Latin America Wealth Management Market?
Credit Suisse, BTG Pactual, Morgan Stanley, Bradesco and BBVA Bancomer are the major companies operating in the Latin America Wealth Management Market.
What years does this Latin America Wealth Management Market cover, and what was the market size in 2023?
In 2023, the Latin America Wealth Management Market size was estimated at USD 1.15 trillion. The report covers the Latin America Wealth Management Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Latin America Wealth Management Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Wealth Management in Latin America Industry Report
Statistics for the 2024 Wealth Management in Latin America market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Wealth Management in Latin America analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
