Boston, May 12, 2016 – The U.S. wealth management industry has grown in terms of total client assets each year since 2008, and client assets are at an all-time high, in excess of US$19 trillion. Nevertheless, 2015 growth of client assets slowed to a trickle compared to that seen from 2012 to 2014. All in all, 2015 can be characterized as a bump in the road, with digital advisory solutions and mergers and acquisitions continuing to transform the landscape.
This addition to Aite Group’s New Realities in Wealth Management series, which has followed the changes of the U.S. wealth management market since the end of 2007, takes a look at changes that occurred in 2015, considers a historical view, and projects channel market share over the next four years. This report leverages publicly available information—regulatory filings, investor presentations, and news articles—and is supplemented by Aite Group interviews with firm executives throughout 2015.
This 42-page Impact Report contains 32 figures and two tables. Clients of Aite Group’s Wealth Management service can download this report.
This research mentions Advisor Group, Ameriprise, Apex Clearing, Appleton Partners, AXA Advisors, Bank of America, Barclays, BlackRock, Cambridge Investment Research, Cetera, Charles Schwab, Chase Investment Services, Commonwealth Financial Network, Credit Suisse, Deutsche Bank, E-Trade, Edward Jones, Fidelity Investments, First Southwest, Fifth Third Securities, Goldman Sachs, Hilltop Holdings, Hilliard Lyons, IBM, Interactive Brokers, Invesco, Ladenburg Thalmann, LPL Financial, Merrill Lynch, Morgan Stanley, Northwestern Mutual, Oppenheimer & Co., Oxford Financial Group, Penson, Pershing, Raymond James, RBC Wealth Management, RCS Capital, Robert W. Baird, Shepherd Kaplan, Southwest Securities, State Street, Sterne Agee, Stifel Nicolaus, SunTrust Investment Services, TD Ameritrade, The Advisor Group, The Hartford, UBS, USAA, Vanguard, and Wells Fargo.