Financial Advisory Services Market Analysis

Service Type (Investment Advisory, Tax Planning, Financial Planning, Risk Management, Business & Corporate Finance, Wealth Management)

Investment advisory segment in the financial advisory services market is expected to grow at more than 6% CAGR through 2036. The segment growth can be attributed because of the changing needs of investors and the state of the sector. The need for specialized counsel is driven by the changing financial markets and the increasing complexity of investment possibilities. Investors look for specialized advice on risk management, retirement planning, and portfolio management. Segment growth is driven by the growing need for specialized and diverse investment strategies and the pursuit of higher returns in volatile markets.

Organization Size (SMEs, Large Enterprises)

Large enterprises segment in the financial advisory services market is expected to cross USD 50 Billion by the end of 2036. Larger businesses are more likely to look for specialized financial advice services in order to improve cash flow, risk management, and financial growth strategies, which will drive segment growth. This is because they have a stronger market presence and a wider range of financial requirements.

For instance, Morgan Stanley introduced an AI-powered assistant in September 2023 to help support teams and financial advisers. By using AI to improve decision-making, expedite procedures, and increase overall market operating efficiency, this technology will offer cognitive support.

Our in-depth analysis of the financial advisory services market includes the following segments:

Service Type	Investment Advisory Tax Planning Financial Planning Risk Management Business & Corporate Finance Wealth Management
Asset Class	Equities Fixed Income Real Estate Alternative Investments Commodities
Organization Size	SMEs Large Enterprises
End-User	Healthcare E-Commerce & Retail BFSI IT & Telecom Manufacturing Transportation & Logistics

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of financial advisory services was over USD 90 billion.

The market size for financial advisory services is projected to cross USD 189.6 billion by the end of 2036 expanding at a CAGR of 5.9% during the forecast period i.e., between 2024-2036.

The major players in the market are Morgan Stanley, Boston Consulting Group, Bank of America Corporation, Goldman Sachs Group Inc., JP Morgan Chase & Co., KPMG International Cooperative, Deutsche Bank AG, HSBC Holdings Plc, BNP Paribas S.A, and others.

The investment advisory segment is anticipated to garner a share of 6% during 2024-2036.

The North America financial advisory services sector is poised to hold 42% share by the end of 2036.

Financial Advisory Services Market Analysis