North America Financial Advisory Services Market Size (2024 - 2029)

The North America Financial Advisory Services Market is anticipated to experience significant growth in its market size over the forecast period. This expansion is driven by the increasing demand for a diverse range of consulting services, including transaction services, risk management, tax advisory, and portfolio management. Financial advisors play a crucial role in helping clients, both individuals and businesses, to grow and preserve their wealth by offering tailored investment advice and strategic planning. The market's growth is underpinned by the foundational financial and accounting skills that are essential to the services provided.

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Market Size of North America Financial Advisory Services Industry

North America Financial Advisory Services Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 63.90 Billion
Market Size (2029) USD 94.41 Billion
CAGR (2024 - 2029) 8.12 %
Market Concentration Medium

Major Players

North America Financial Advisory Services Market Major Players

*Disclaimer: Major Players sorted in no particular order

North America Financial Advisory Services Market Analysis

The North America Financial Advisory Services Market size in terms of assets under management value is expected to grow from USD 63.90 billion in 2024 to USD 94.41 billion by 2029, at a CAGR of 8.12% during the forecast period (2024-2029).

The Financial Advisory segment delivers consulting services based on a strong financial analytical fundament. Service offerings span a wide variety of topics, such as transaction services, risk management, tax advisory, real estate advisory, compliance, and litigation services, to name a few. However, financial and accounting skills always stand at the heart of the services delivered.

Financial advisors can provide insight into how they can save more and build their wealth. It is often done by constructing a portfolio of well-suited investments to the client's risk attitude. Some clients are more willing to take on risk if the prospect of a potentially greater reward is more compelling than the prospect of potentially losing money.

Financial advisory services can provide clients with a wide range of services, from investment advice and portfolio management to retirement planning and tax advice. Financial advisors can work with individuals or businesses, and their goal is to help their clients grow and preserve their wealth.

North America Financial Advisory Services Industry Segmentation

Financial advisors are specialists who provide financial advice to individuals or businesses. They use their expertise to assist their clients with money management and profit-making decisions by knowing their short and long-term financial objectives. The report covers a complete background analysis of the North American Insurtech Market. It includes an assessment of the economy, a market overview, market size estimation for key segments, emerging trends in the market, market dynamics, and key company profiles.

North America Financial Advisory Services Market is Segmented by Type (Corporate Finance, Accounting Advisory, Tax Advisory, Transaction Services, Risk Management, and Others), Organization Size (Large Enterprises And Small & Medium-Sized Enterprises), Industry Vertical (BFSI, IT, and Telecom, Manufacturing, Retail, and E-Commerce, Public Sector, Healthcare, and Others), and Countries (USA, Canada and Rest of North America). The Report Offers Market Size and Forecasts for the North America Financial Advisory Services Market in Value (USD) for all the Above Segments.

By Type
Corporate Finance
Accounting Advisory
Tax Advisory
Transaction Services
Risk Management
Others
By Organization Size
Large Enterprises
Small & Medium-Sized Enterprises
By Industry Vertical
BFSI
IT And Telecom
Manufacturing
Retail And E-Commerce
Public Sector
Healthcare
Others
By Country
USA
Canada
Rest of North America
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North America Financial Advisory Services Market Size Summary

The North America Financial Advisory Services Market is poised for significant growth, driven by a robust demand for comprehensive financial consulting services. This market encompasses a wide array of offerings, including transaction services, risk management, tax and real estate advisory, compliance, and litigation services, all underpinned by strong financial and accounting expertise. Financial advisors play a crucial role in helping clients, both individuals and businesses, to enhance and safeguard their wealth through tailored investment strategies that align with their risk tolerance. The region's market is notably characterized by the rapid expansion of robo-advisory services, reflecting the high technological adoption in the investment sector. Hybrid financial advisory services, which combine human and automated elements, are particularly favored by affluent investors seeking a balance between personalized advice and cost-effective, automated portfolio management.

The competitive landscape of the North American Financial Advisory Services Market is dominated by major players such as BlackRock, Vanguard, Fidelity Investments, and State Street Global Advisors, who leverage their extensive expertise and resources to maintain a strong market presence. These companies are actively expanding their service offerings and enhancing their technological capabilities to meet the evolving needs of their clients. Recent strategic moves, such as Deloitte's acquisition of 27 pilots and Fidelity Investments' purchase of Shoobx, highlight the industry's focus on integrating advanced technology and expanding service portfolios to better serve start-ups, scale-ups, and private companies. This dynamic environment underscores the market's potential for continued growth and innovation in the coming years.

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North America Financial Advisory Services Market Size - Table of Contents

  1. 1. MARKET DYNAMICS AND INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Insights on Various Regulatory Trends Shaping the Market

    5. 1.5 Insights on impact of technology in the Market

    6. 1.6 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.6.1 Bargaining Power of Suppliers

      2. 1.6.2 Bargaining Power of Buyers

      3. 1.6.3 Threat of New Entrants

      4. 1.6.4 Threat of Substitutes

      5. 1.6.5 Intensity of Competitive Rivalry

    7. 1.7 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Corporate Finance

      2. 2.1.2 Accounting Advisory

      3. 2.1.3 Tax Advisory

      4. 2.1.4 Transaction Services

      5. 2.1.5 Risk Management

      6. 2.1.6 Others

    2. 2.2 By Organization Size

      1. 2.2.1 Large Enterprises

      2. 2.2.2 Small & Medium-Sized Enterprises

    3. 2.3 By Industry Vertical

      1. 2.3.1 BFSI

      2. 2.3.2 IT And Telecom

      3. 2.3.3 Manufacturing

      4. 2.3.4 Retail And E-Commerce

      5. 2.3.5 Public Sector

      6. 2.3.6 Healthcare

      7. 2.3.7 Others

    4. 2.4 By Country

      1. 2.4.1 USA

      2. 2.4.2 Canada

      3. 2.4.3 Rest of North America

North America Financial Advisory Services Market Size FAQs

The North America Financial Advisory Services Market size is expected to reach USD 63.90 billion in 2024 and grow at a CAGR of 8.12% to reach USD 94.41 billion by 2029.

In 2024, the North America Financial Advisory Services Market size is expected to reach USD 63.90 billion.

North America Financial Advisory Services Market Report Snapshots

North America Financial Advisory Services Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)