Market Trends of Europe Financial Advisory Services Industry
Rising Tax Advisory by Financial Advisory Services
Over the years business enterprises in Europe is observing a continuous increase resulting in an increasing demand for tax advisory by the businesses in the region. Italy, France, Germany, Spain and Poland are among the countries in the region with the largest number of enterprises leading to an increasing number of Financial advisory businesses investing in these countries. Poland, Germany and Italy are among the countries in Europe with the largest value of combined corporate income tax rates resulting in an increasing number of businesses and enterprises opting for tax advisory services. Rising profit and business revenue with a varied range of taxes existing in the market are leading to an increase in demand for tax advisory by businesses.
United Kingdom Driving the Market
Over the period financial advisory services in the United Kingdom have observed a continuous increase with an increase in assets under management by the financial advisors existing at a level of more than USD 8 trillion. With this revenue of financial advisory companies in the United Kingdom is observing a continuous increase as well existing at more than USD 25 Billion last year. Expanding employment and the level of income in the United Kingdom is resulting in an increasing number of people searching for instruments to invest their surplus money leading to an increasing participation and revenue of financial advisory services in the country.
