Boston, August 13, 2013 - Though 2012 ended on a positive note for wealth management, with firms regaining speed in the form of net new money inflows, the U.S. wealth management industry is not out of the woods yet. The first signs of better times are apparent in leading wealth management firms' recent quarterly results, but the industry still relies heavily on external factors, and regulatory change could still substantially alter the rules of the game. It will be some time before the dust settles around the makeup of the post-crisis wealth management industry and its future business model. In the meantime, what are essential elements of wealth management's continued recovery? And how will the re-election of President Obama continue to affect those who manage U.S. consumers' wealth?
The latest in Aite Group's series of reports on the U.S. wealth management industry, this Impact Report by research director Alois Pirker and senior analyst Javier Paz considers how 2012 changes in wealth management are affecting today's advisors, sizes the market and its asset flows, and reports on advisors' expectations for the near future. The piece is based on the 2012 financial results of the largest U.S. wealth management firms and a Q1 2013 Aite Group survey of 602 financial advisors.
This 36-page Impact Report contains 25 figures. Clients of Aite Group's Wealth Management service can download the report.