The level of change in Assets Under Management (AUM) in the financial advisory segment of the wealth management market in the United States had a positive level of change from 2019 to 2024. 2018 was the only year in which a negative change in assets was experienced, as assets fell by almost one trillion U.S. dollars from the previous year. This trend was forecast to continue, as assets are expected to increase year-on-year from 2024 through to 2028.
Change in total Assets Under Management (AUM) by financial advisors in the wealth management market in the United States from 2018 to 2024 with a forecast to 2028
Data provided by Statista Market Insights are estimates.
Definition:
Financial advisory is the process of providing guidance and recommendations to clients regarding their financial decisions. Financial advisors use their expertise and knowledge to help clients make informed decisions about their investments, retirement planning, taxes, insurance, and other financial matters. The Financial Advisory segment encompasses the revenues generated by this service by both financial institutions and advisors, and includes the number of financial advisors, average revenue per advisor, and assets under management (AUM).
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Statista. (August 2, 2024). Change in total Assets Under Management (AUM) by financial advisors in the wealth management market in the United States from 2018 to 2024 with a forecast to 2028 [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1483258/change-in-aum-by-wealth-managers-in-the-us-forecast
Statista. "Change in total Assets Under Management (AUM) by financial advisors in the wealth management market in the United States from 2018 to 2024 with a forecast to 2028." Chart. August 2, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1483258/change-in-aum-by-wealth-managers-in-the-us-forecast
Statista. (2024). Change in total Assets Under Management (AUM) by financial advisors in the wealth management market in the United States from 2018 to 2024 with a forecast to 2028. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1483258/change-in-aum-by-wealth-managers-in-the-us-forecast
Statista. "Change in Total Assets Under Management (Aum) by Financial Advisors in The Wealth Management Market in The United States from 2018 to 2024 with a Forecast to 2028." Statista, Statista Inc., 2 Aug 2024, https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1483258/change-in-aum-by-wealth-managers-in-the-us-forecast
Statista, Change in total Assets Under Management (AUM) by financial advisors in the wealth management market in the United States from 2018 to 2024 with a forecast to 2028 Statista, https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1483258/change-in-aum-by-wealth-managers-in-the-us-forecast (last visited November 10, 2024)
Change in total Assets Under Management (AUM) by financial advisors in the wealth management market in the United States from 2018 to 2024 with a forecast to 2028 [Graph], Statista, August 2, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1483258/change-in-aum-by-wealth-managers-in-the-us-forecast
