USD 87.2 billion
Report ID:
SQMIG40I2003 |
Region:
Global |
Published Date: July, 2025
Pages:
195
|Tables:
121
|Figures:
72
Global Financial Advisory Services Market size was valued at USD 87.2 billion in 2023 and is poised to grow from USD 92.52 billion in 2024 to USD 148.58 billion by 2032, growing at a CAGR of 6.1% during the forecast period (2025-2032).
The global financial advisory services market growth is being fueled by changing consumer financial behavior, regulatory support and technological development. Future governments across the globe are focusing on the advancement of digital financial infrastructure, and on the integration of financial advisory technologies within broader financial inclusion and smart economy initiatives.
The global financial advisory services industry has witnessed several technological advancements and innovations that have significantly improved the scope and efficiency of advisory offerings. Machine learning and artificial intelligence are revolutionizing how personalized financial advice is generated, enabling hyper-personalized, real-time recommendations based on individual goals, investment behavior and market dynamics.
Why is AI Integration Crucial for Future Financial Advisory Services?
Real-time personalized financial advice is made achievable by artificial intelligence (AI), and this is also causing major changes in the global financial advisory services market outlook. AI-powered advisory platforms leverage a range of data sources such as market conditions, individual financial histories, behavioral patterns and macroeconomic trends to offer tailored recommendations that enhance client engagement and investment outcomes. Additionally, in March 2025, AI-powered robo-advisors were introduced in the financial district of New York. These robo-advisors used sentiment analysis, and natural language processing to modify advisory interactions in real-time based on client confidence, mood, and sentiment levels identified during consultations.
Market snapshot - 2025-2032
Global Market Size
USD 87.2 billion
Largest Segment
Wealth Management
Fastest Growth
Corporate Financial Advisory
Growth Rate
6.1% CAGR
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Global Financial Advisory Services Market is segmented by Service Type, Asset Class, Organization Size, End Use and region. Based on Service Type, the market is segmented into Investment advisory, Tax planning, Financial planning, Risk management, Business & corporate finance, Wealth management and Others. Based on Asset Class, the market is segmented into Equities, Fixed income, Real estate, Alternative investments, Commodities and Others. Based on Organization Size, the market is segmented into SMEs and Large enterprises. Based on End Use, the market is segmented into Healthcare, E-commerce & retail, BFSI, IT & telecom, Manufacturing, Transportation & logistics and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
The Wealth management continues to be the dominant market, according to the 2024 global financial advisory services market analysis, because it is widely used by high-net-worth individuals and mass affluent consumers who wish to protect and maximize their wealth in a volatile economic climate. In Q1 2025, for instance the UBS Group Global Wealth Management division saw a notable increase in client onboarding, especially in the Asia-Pacific area.During the forecast period, corporate financial advisory services are expected to grow at the fastest rate. Corporates and SME looking for expert advice on financial risk management, corporate restructuring, mergers and acquisitions (M&A), and capital raising have increased their demand, which has caused this spike. A record number of deals in the Europe mid-market corporate advisory space in 2024–2025, were driven by private equity activity and cross-border M&A.
The BFSI (Banking, Financial Services, and Insurance) continues to dominate the market because of its large customer base, and extensive integration of financial advisory services into its core banking and insurance products, according to the 2024 global financial advisory services market forecast. Big players like ICICI Bank, JP Morgan, and HSBC have increased the range of wealth management, and personal finance advisory services they provide via digital platforms and branch networks. For example, in April 2025, ICICI Bank introduced its AI-powered Personal Finance Concierge in India, which uses mobile banking apps to provide real-time advice on insurance planning, investments and budgeting.
The HNWI segment is anticipated to grow at the fastest rate during the forecast period, due to the sharp rise in global wealth concentration especially in emerging markets. HNWIs require highly specialized, discreet, and individualized financial advising services that cover succession planning, impact investing and global asset diversification.
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As per the 2024 global financial advisory services market regional forecast, North America led the market with more than 38% market share. Its advanced financial ecosystem, high wealth concentration, technological innovation, and large base of institutional investors are key drivers of its dominance. North America strategic move toward AI-powered wealth management and hybrid advisory models was highlighted in 2025, when Charles Schwab acquired fintech leader Wealth front for USD 1 billion, aiming to combine automated investment platforms with its traditional advisory network to reach younger, tech-savvy clients.
The growing demand for estate planning, retirement planning and wealth management trends all contribute to the continued strength of the U.S. financial advising sector. In 2024, assets in advised accounts in the United States exceeded USD 30 trillion, according to the Investment Company Institute (ICI). To increase reach and improve client experience across digital channels, big players and independent Registered Investment Advisors (RIAs) are increasingly utilizing robo-advisory tools, AI-driven portfolio management and personalized financial wellness platforms.
Canada financial advisory services market is expanding rapidly, particularly in Toronto and Vancouver. Focusing on mass-affluent consumers, RBC Wealth Management introduced a hybrid advisory platform in 2025 that combines AI-based digital investment management with access to human advisors. The demand for customized financial advice is growing rapidly in the retail banking, and private wealth sectors fueled by increasing financial literacy initiatives, the rise of smart banking platforms and the implementation of open banking regulations.
Asia-Pacific is the fastest-growing financial advisory servicesmarket, with a projected CAGR of 11.8% for 2024–2032. Rising disposable incomes, quickly growing middle class, growing retirement planning requirements and the widespread use of mobile banking are all contributing factors to the Asia-Pacific growth. In 2024, the market brought in about USD 12.5 billion. Financial advisory firms and banks are rapidly embracing AI-based advisory models digital wealth platforms and mobile-first financial planning solutions to address evolving client expectations.
When it comes to cutting-edge digital financial advice, South Korea is setting the standard. In 2024, KakaoBank and Mirae Asset jointly released an AI-based investment advisory app that enabled real-time portfolio rebalancing and behavioral finance insights. These mobile-first advisory models which cater to younger investors and encourage self-directed investing with integrated advisory tools demonstrate South Korea commitment to fintech-driven financial services. One of the main causes of Asia robust financial advisory services market penetration is the swift uptake of digital-first advisory platforms.
The financial advising industry has become an essential part of Japan retirement planning ecosystem because of the growing senior population and developing pension systems. Japan is a leader in immersive financial advisory technology which reflects its desire for interesting customer-focused experiences in retail banking and wealth management channels. Customers can engage with 3D interactive financial planning tools at Nomura Holdings flagship locations in Tokyo, where the company introduced virtual reality-based advisory experiences in 2025.
Strict data privacy laws, especially those outlined in the General Data Protection Regulation (GDPR), are being balanced with innovation in Europe sophisticated but developing financial advisory services market. Important markets are making investments in open banking ecosystems, AI-powered wealth management platforms, and sustainable finance options.
In 2024, the UK market saw a significant shift in hybrid financial advisory models, which combine access to human advisors with digital platforms powered by AI. For instance, Barclays Wealth launched a new platform that uses client objectives and real-time financial data to customize financial advice. The UK market is also pioneering ESG-driven investment advisory, with many advisory firms incorporating sustainability metrics into their portfolio recommendations to align with growing client demand for responsible investing.
Personalized financial planning is growing more creative in France due to AI and data integration. With the goal provide more individualized investment recommendations to major banks and advisory firms are implementing contextual advisory tools that investigate variables involving client risk appetite for financial advisory services financial advisory services market trends, and even macroeconomic indicators. The 2024 Summer Olympics in Paris catalyzed the rollout of digital advisory hubs, catering to HNWI and international clients seeking cross-border financial solutions.
In Germany, data-driven financial advice is being given priority. The AI-powered advisory platforms of Allianz Global Investors and Deutsche Bank were improved in 2025, allowing financial advisors to provide scenario-based planning and dynamic portfolio adjustments based on real-time market data and insights into client behavior.
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Technological Advancements and AI Integration
Growing Attention to Sustainable Investing and ESG
Data Privacy and Cybersecurity Concerns
Older Client Segments Reluctance to Adopt Digital
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Both domestic and foreign firms are concentrating on innovation, and market expansion in the fiercely competitive financial advisory services market. To stay ahead of the competition and increase their market share top businesses are investing heavily in sustainable investing solutions, AI-driven advisory platforms and behavioral finance tools. Strategic mergers and acquisitions are accelerating market entry, and enabling firms to broaden their service portfolios and geographic presence. In addition, forming local partnerships and offering customized financial solutions allows companies to cater to a diverse and evolving client base. These financial advisory services market strategies are laying the foundation for the long-term success of market leaders through continuous innovation and strong market positioning.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, New regulatory frameworks, changing client expectations, and technological advancements are all contributing to the rapid expansion of the financial advisory services market. The two key trends driving the financial advisory services sector are the expansion of robo-advisory platforms, which increase access to individualized financial advice and hybrid advisory models which blend human expertise with AI-driven platforms. Moreover, the growing focus on sustainable investing and ESG-driven strategies is altering portfolio construction. However, cybersecurity and data privacy are becoming increasingly critical challenges for businesses. Although the market is largest in North America, Asia-Pacific is experiencing the fastest growth. Through client-centric, digitally enabled services and the development of a dynamic competitive environment both global giants and fintech startups are innovating to expand their market share.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 87.2 billion |
Market size value in 2032 | USD 148.58 billion |
Growth Rate | 6.1% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Financial Advisory Services Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Financial Advisory Services Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Financial Advisory Services Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Financial Advisory Services Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
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Financial Advisory Services Market size was valued at USD 82.4 Billion in 2023 and is poised to grow from USD 87.43 Billion in 2024 to USD 140.55 Billion by 2032, growing at a CAGR of 6.10% in the forecast period (2025-2032).
Both domestic and foreign firms are concentrating on innovation, and market expansion in the fiercely competitive financial advisory services market. To stay ahead of the competition and increase their market share top businesses are investing heavily in sustainable investing solutions, AI-driven advisory platforms and behavioral finance tools. Strategic mergers and acquisitions are accelerating market entry, and enabling firms to broaden their service portfolios and geographic presence. In addition, forming local partnerships and offering customized financial solutions allows companies to cater to a diverse and evolving client base. These financial advisory services market strategies are laying the foundation for the long-term success of market leaders through continuous innovation and strong market positioning. 'Fidelity National Information Services', 'S Global', 'Broadridge Financial Solutions', 'Raymond James Financial', 'The Blackstone Group', 'Boston Consulting Group', 'Goldman Sachs Group', 'PwC', 'Wells Fargo Company', 'Deloitte Touche Tohmatsu', 'Morgan Stanley', 'Ernst Young', 'JPMorgan Chase Co.', 'Accenture', 'Bain Company'
The financial advising services sector is rapidly evolving because of the convergence of artificial intelligence, machine learning and advanced data analytics. These technologies enhance advisor capabilities and client outcomes by enabling automated tax strategies offering behavioral finance insights, and enabling real-time portfolio optimized performance. In addition to improving client outcomes, this increases the value proposition of advisory services. The rise of digital-first advisory platforms is accelerating market adoption especially among younger and tech-savvy investors.
Hybrid Advisory Models: In the financial advising sector hybrid advisory services which combine the digital platforms and human expertise are growing in popularity. These models combine the scalability and effectiveness of automated investment management, with the personalized insights and developed judgement that only human advisors can offer. By analyzing intricate market situations and offering consolation and behavioral advice, during difficult times and fostering trust via tailored communication the human advisor plays a crucial role. Particularly for clients dealing with life transitions, complex tax issues or intergenerational wealth planning, this personal touch is still priceless.
Why Does North America Lead the Financial Advisory Services Market?As per the 2024 global financial advisory services market regional forecast, North America led the market with more than 38% market share. Its advanced financial ecosystem, high wealth concentration, technological innovation, and large base of institutional investors are key drivers of its dominance. North America strategic move toward AI-powered wealth management and hybrid advisory models was highlighted in 2025, when Charles Schwab acquired fintech leader Wealth front for USD 1 billion, aiming to combine automated investment platforms with its traditional advisory network to reach younger, tech-savvy clients.
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