Boston, June 14, 2017 – The U.S. wealth management industry continues to shift. Consolidation continues as firms seek to achieve greater scale amid continued cost pressures (with regulation such as the U.S. Department of Labor’s fiduciary rule top of mind), and the trend of providing digital advisory solutions continues while applications leveraging artificial intelligence are being deployed by wealth management firms to crunch big data. Despite these shifts, hope springs eternal for U.S. wealth management firms in 2017.
This addition to Aite Group’s New Realities in Wealth Management series looks at changes that occurred in 2016, considers a historical view, sizes the market in various ways, and projects channel market share over the next four years. This report leverages publicly available information—regulatory filings, investor presentations, and news articles—as well as Aite Group interviews with firm executives throughout 2016.
This 48-page Impact Report contains 37 figures and three tables. Clients of Aite Group’s Wealth Management service can download this report, the corresponding charts, and the Executive Impact Deck.
This report mentions Ameriprise, Apex Clearing, Appleton Partners, AXA Advisors, Cambridge Investment Research, Charles Schwab, Chase Investment Services, Commonwealth Financial Network, COR Clearing, Deutsche Bank, Edward Jones, Equity Advisor Solutions, E-Trade, Fidelity, Fifth Third Securities, Folio Institutional, Hilliard Lyons, Hilltop Securities, Interactive Brokers, INTL FCStone, J.P. Morgan, LPL Financial, Merrill Lynch, Morgan Stanley, National Advisors Trust, Northwestern Mutual, Oppenheimer & Co., Oxford Financial Group, Pershing, Raymond James, RBC, Robert W. Baird, SEI, Shareholder Service Group, Shepherd Kaplan, State Street, Sterne Agee, Stifel Nicolaus, SunTrust Investment Services, TD Ameritrade, Trade PMR, Trust Company of America, UBS, US Bank, US Trust, Vanguard, Wedbush Securities, Wells Fargo, and William Blair.