Wealth Management Trends and Themes in 2024
Powered by
All the vital news, analysis, and commentary curated by our industry experts.
This report informs wealth managers and their strategy teams of the key developments emerging across the industry and how best to respond to these changes. The report examines in detail key areas such as the crypto hype, HNW asset allocation strategies, profitability, and ESG, with analysis supported by findings from GlobalData’s propriety surveys of wealth managers and investors.
2024 promises to be another challenging year. Economic growth remains slow, geopolitical tensions are mounting, and inflation remains stubbornly high in key markets. However, there are pockets of growth. For example, India provides a significant opportunity with above-average wealth growth. Yet as more firms are looking to capitalize on strong growth, competition is heating up. In the wider wealth space, we are seeing more investments in generative AI to keep costs at bay and assist with productivity. On the client front, we see ongoing demand for personalized products, which will contribute to further growth in the direct indexing space. Demand for tokenized assets is also on the rise, which will drive the adoption of alternatives in lower wealth bands. And last but not least, cryptocurrencies are still a major theme in 2024. However, wealth managers will do well to discuss risk, as the bull will run out of breath eventually.
Scope
ESG remains the top issue for wealth managers, but transition investing, while still in its infancy, is forecast to grow significantly too.
A desire for personalized products will support demand for direct indexing.
Demand for tokenized assets will grow, and providing access is a must.
Crypto funds are all the hype, but concerns regarding the longevity of the bull run are surfacing.
Key Highlights
- ESG remains the top issue for wealth managers.
- Global wealth managers will increasingly jockey for position in China and India.
- ChatGPT will be see extensive use in the advice market.
- Inflation will be the main investor concern around the world.
Reasons to Buy
Understand the key trends impacting the wealth management industry in 2024 and how to respond.
Learn about the possible use cases for AI and understand how the technology will affect the wealth management industry.
Understand the different investment trends from cryptocurrencies to ESG and how they will impact client demand.
Analyze how changing competitive dynamics will affect your business.
Putnam Investments
Cetera
Avantax
Crédit Agricole
Indosuez Wealth Management Group
Degroof Petercam
JPMorgan Chase
First Republic
UBS
Credit Suisse
Table of Contents
Frequently asked questions
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.