USA Financial Advisory Services Market Introduction and Overview
According to SPER Market Research, the USA Financial Advisory Services Market is estimated to reach USD 161.68 billion by 2033 with a CAGR of 6.04%.
The report includes an in-depth analysis of the USA Financial Advisory Services Market, including market size and trends, product mix, distribution channels, and supplier analysis. Financial advisory services refer to professional guidance and expertise provided by financial advisors or firms to individuals, businesses, and institutions. These services encompass investment advice, retirement planning, wealth management, tax planning, estate planning, and risk management, aiming to help clients make informed financial decisions and achieve their financial goals.
- Financial Literacy and Education Initiatives: Increasing awareness of the importance of financial planning and literacy initiatives prompted more people to seek the guidance of financial advisors.
- Mergers and Acquisitions: Consolidation within the financial advisory industry, through mergers and acquisitions, allowed firms to expand their service offerings and gain a competitive edge.
Market Opportunities and Challenges
The financial advisory services industry experienced significant shifts due to regulatory changes, such as fiduciary standards, improved transparency, and consumer protection, which drove the demand for compliant advisory services. Additionally, the sector underwent digital transformation with the adoption of online platforms, robo-advisors, and digital tools, enhancing accessibility and efficiency of services. The rising awareness of financial literacy and education initiatives further motivated individuals to seek the expertise of financial advisors, enabling them to make informed decisions and achieve their financial goals with professional guidance.
The market does, however, nevertheless encounter some difficulties. Changing investor preferences, favouring self-directed investing and online platforms, have influenced the demand for traditional financial advisory services. Market volatility and uncertainty, driven by economic fluctuations, pose challenges for financial advisors and clients in managing investment performance. Embracing digital transformation is essential, offering opportunities through online tools and automation, but striking the right balance between technology and human interaction proves challenging for financial advisory firms seeking to provide clients with services tailored to their individual needs and consistently dependable assistance.
Market Competitive Landscape
The USA Financial Advisory Services is characterized by high competition, with multiple players operating in the industry. The key players in the USA Financial Advisory Services market include Ameriprise Financial, Inc., BCG Group, Bank of America Corporation, Deloitte, Fidelity Investments, Goldman Sachs Group Inc., JPMorgan Chase & Co., KPMG, McKinsey & Company, Morgan Stanley, PwC (PricewaterhouseCoopers), UBS Group AG, Vanguard Group, Wells Fargo & Co., and others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Organization Size, By Industry Vertical
|
| Regions covered | Midwest Region, Northeast Region, South Region, Southwest Region, West Region, Rest of USA
|
| Companies Covered | Ameriprise Financial, Inc., BCG Group, Bank of America Corporation, Deloitte, Fidelity Investments, Goldman Sachs Group Inc., JPMorgan Chase & Co., KPMG, McKinsey & Company, Morgan Stanley, PwC (PricewaterhouseCoopers), UBS Group AG, Vanguard Group, Wells Fargo & Co., and others |
COVID-19 Impact on USA Financial Advisory Services Market
Due to the economic slowdown, insecurity in global financial sectors, and a highly volatile market, the COVID-19 pandemic has a negative impact on the financial advising services industry. The outbreak affected both investors and financial advising services organisations, and investors witnessed immediate consequences on their present investments. As a result, demand for financial advising services has fallen in the midst of the global health crisis. As the COVID epidemic continues, financial advisory service providers have taken several initiatives to position themselves for the post-COVID future as they begin their recovery. As a result, during times of greater volatility, financial advisors are focused on giving personalised proposals and maintaining prompt communication with investors.
Key Target Audience
- Business Owners
- High Net Worth Individuals (HNWIs)
- Individual Investors
- Institutions and Corporations
- Nonprofit Organizations
- Professionals and Executives
- Others
Our in-depth analysis of the USA Financial Advisory Services Market includes the following segments:
| By Type: | Accounting AdvisoryCorporate FinanceRisk ManagementTax AdvisoryTransaction ServicesOthers |
| By Organization Size: | Large EnterprisesSmall & Medium-Sized Enterprises |
| By Industry Vertical: | BFSIHealthcareIT and TelecomManufacturingPublic SectorRetail and E-CommerceOthers |
Key Topics Covered in the Report
- USA Financial Advisory Services Market Size (FY’2023-FY’2033)
- Overview of USA Financial Advisory Services Market
- Segmentation of USA Financial Advisory Services Market By Type (Accounting Advisory, Corporate Finance, Risk Management, Tax Advisory, Transaction Services, Others)
- Segmentation of USA Financial Advisory Services Market By Organization Size (Large Enterprises, Small & Medium-Sized Enterprises)
- Segmentation of USA Financial Advisory Services Market By Industry Vertical (BFSI, Healthcare, IT and Telecom, Manufacturing, Public Sector, Retail and E-Commerce, Others)
- Statistical Snap of USA Financial Advisory Services Market
- Expansion Analysis of USA Financial Advisory Services Market
- Problems and Obstacles in USA Financial Advisory Services Market
- Competitive Landscape in the USA Financial Advisory Services Market
- Impact of COVID-19 and Demonetization on USA Financial Advisory Services Market
- Details on Current Investment in USA Financial Advisory Services Market
- Competitive Analysis of USA Financial Advisory Services Market
- Crucial Players in the USA Financial Advisory Services Market
- SWOT Analysis of USA Financial Advisory Services Market
- USA Financial Advisory Services Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the USA Financial Advisory Services Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. USA Financial Advisory Services Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in USA Financial Advisory Services Market
7. USA Financial Advisory Services Market, By Type (USD Million)
7.1. USA Financial Advisory Services Market Value Share and Forecast, By Type, 2023-2033
7.2. Accounting Advisory
7.3. Corporate Finance
7.4. Risk Management
7.5. Tax Advisory
7.6. Transaction Services
7.7. Others
8. USA Financial Advisory Services Market, By Organization Size (USD Million)
8.1. USA Financial Advisory Services Market Value Share and Forecast, By Organization Size, 2023-2033
8.2. Large Enterprises
8.3. Small & Medium-Sized Enterprises
9. USA Financial Advisory Services Market, By Industry Vertical (USD Million)
9.1. USA Financial Advisory Services Market Value Share and Forecast, By Industry Vertical, 2023-2033
9.2. BFSI
9.3. Healthcare
9.4. IT and Telecom
9.5. Manufacturing
9.6. Public Sector
9.7. Retail and E-Commerce
9.8. Others
10. USA Financial Advisory Services Market Forecast, 2019-2033 (USD Million)
10.1. USA Financial Advisory Services Market Size and Market Share
11. USA Financial Advisory Services Market, By Type, 2019-2033 (USD Million)
11.1. USA Financial Advisory Services Market Size and Market Share By Type (2019-2026)
11.2. USA Financial Advisory Services Market Size and Market Share By Type (2027-2033)
12. USA Financial Advisory Services Market, By Organization Size, 2019-2033 (USD Million)
12.1. USA Financial Advisory Services Market Size and Market Share By Organization Size (2019-2026)
12.2. USA Financial Advisory Services Market Size and Market Share By Organization Size (2027-2033)
13. USA Financial Advisory Services Market, By Industry Vertical, 2019-2033 (USD Million)
13.1. USA Financial Advisory Services Market Size and Market Share By Industry Vertical (2019-2026)
13.2. USA Financial Advisory Services Market Size and Market Share By Industry Vertical (2027-2033)
14. USA Financial Advisory Services Market, By Region, 2019-2033 (USD Million)
14.1. USA Financial Advisory Services Market Size and Market Share By Region (2019-2026)
14.2. USA Financial Advisory Services Market Size and Market Share By Region (2027-2033)
14.3. Midwest Region
14.4. Northeast Region
14.5. South Region
14.6. Southwest Region
14.7. West Region
14.8. Rest of USA
15. Company Profile
15.1. Ameriprise Financial, Inc.
15.1.1. Company details
15.1.2. Financial outlook
15.1.3. Product summary
15.1.4. Recent developments
15.2. BCG Group
15.2.1. Company details
15.2.2. Financial outlook
15.2.3. Product summary
15.2.4. Recent developments
15.3. Bank of America Corporation
15.3.1. Company details
15.3.2. Financial outlook
15.3.3. Product summary
15.3.4. Recent developments
15.4. Deloitte
15.4.1. Company details
15.4.2. Financial outlook
15.4.3. Product summary
15.4.4. Recent developments
15.5. Fidelity Investments
15.5.1. Company details
15.5.2. Financial outlook
15.5.3. Product summary
15.5.4. Recent developments
15.6. Goldman Sachs Group Inc.
15.6.1. Company details
15.6.2. Financial outlook
15.6.3. Product summary
15.6.4. Recent developments
15.7. JPMorgan Chase & Co.
15.7.1. Company details
15.7.2. Financial outlook
15.7.3. Product summary
15.7.4. Recent developments
15.8. KPMG
15.8.1. Company details
15.8.2. Financial outlook
15.8.3. Product summary
15.8.4. Recent developments
15.9. McKinsey & Company
15.9.1. Company details
15.9.2. Financial outlook
15.9.3. Product summary
15.9.4. Recent developments
15.10. Morgan Stanley
15.10.1. Company details
15.10.2. Financial outlook
15.10.3. Product summary
15.10.4. Recent developments
15.11. PwC (PricewaterhouseCoopers)
15.11.1. Company details
15.11.2. Financial outlook
15.11.3. Product summary
15.11.4. Recent developments
15.12. UBS Group AG
15.12.1. Company details
15.12.2. Financial outlook
15.12.3. Product summary
15.12.4. Recent developments
15.13. Vanguard Group
15.13.1. Company details
15.13.2. Financial outlook
15.13.3. Product summary
15.13.4. Recent developments
15.14. Wells Fargo & Co
15.14.1. Company details
15.14.2. Financial outlook
15.14.3. Product summary
15.14.4. Recent developments
15.15. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
