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Financial Advisory Services Market Size (2024 - 2029)

The financial advisory services market is experiencing growth driven by an increasing demand from small and medium-sized enterprises and a rise in global high-net-worth individuals. Despite the negative impact of the COVID-19 pandemic on global financial sectors, the market has benefited from a heightened interest in alternative investments and a growing awareness of the importance of financial planning for future needs. The market's expansion is supported by the fees earned from assisting clients with transactions such as mergers, acquisitions, and financial restructurings, which are contingent on the successful completion of these transactions.

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Market Size of Financial Advisory Services Industry

Financial Advisory Services Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 6.00 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration Medium

Major Players

Financial Advisory Services Market Major Players

*Disclaimer: Major Players sorted in no particular order

Financial Advisory Services Market Analysis

Global Financial Advisory Services Market has generated a revenue of USD 105 billion in the current year and is expected to register a CAGR of 6% for the forecast period. Financial advisory services can include a whole host of individuals, such as wealth managers, certified financial planners, certified public accountants, and investment advisors. Financial advisory service helps end users in financial planning to achieve their future investment goals, which means planning for future financial needs by investing in return-oriented instruments. It is difficult to evaluate various investment instruments and market cycles. Thus, financial advisory services play a major guiding role in financial planning.

The outbreak of COVID-19 negatively affected the global financial advising services industry due to instability in global financial sectors, the economic downturn, and a highly volatile market. An increase in demand for financial advisory services among SMEs and a significant increase in global high-net-worth individuals supported the growth of the financial advisory services market. In addition, factors such as increasing demand for alternative investments positively and awareness of investments for future needs impacted the growth of the market positively.

Financial advisory services consist of fees earned for assisting clients with transactions related to mergers and acquisitions and financial restructurings. Revenue varies depending on the size of the transaction and the scope of services performed and is generally contingent on the successful completion of the transaction.

Financial Advisory Services Industry Segmentation

Financial Advisory Services consist of a team of qualified professionals that provide advice on how to manage money and assets efficiently. Proper planning and allocation of funds can be quite nerve-wracking for anyone. A financial advisor is an expert that helps at each stage, from planning to constructing a portfolio of assets. Financial Advisory Services Market is segmented by type (Corporate Finance, Accounting Advisory, Tax Advisory, Transaction Services, Risk Management, and others), by organization size (Large Enterprises and Small & Medium-Sized Enterprises), by industry Vertical (BFSI, IT, and Telecom, Manufacturing, Retail, and E-Commerce, Public Sector, Healthcare, and others), by geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The report offers market size and forecasts for the Global Financial Advisory Services Market in value (USD Billion) for all the above segments.

By Type
Corporate Finance
Accounting Advisory
Tax Advisory
Transaction Services
Risk Management
By Organization Size
Large Enterprises
Small & Medium-Sized Enterprises
By Industry Vertical
Bfsi
It And Telecom
Manufacturing
Retail And E-Commerce
Public Sector
Healthcare
By Geography
North America
USA
Canada
Rest of North America
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
Australia
India
South Korea
Rest of Asia-Pacific
Middle-East and Africa
Saudi Arabia
Egypt
UAE
Rest of Middle-East and Africa
South America
Argentina
Colombia
Rest of South America
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Financial Advisory Services Market Size Summary

The financial advisory services market is a crucial sector that encompasses a variety of professionals, including wealth managers, certified financial planners, certified public accountants, and investment advisors. These services are essential for individuals and businesses aiming to achieve their financial goals through strategic planning and investment in return-oriented instruments. The market has experienced challenges due to the COVID-19 pandemic, which caused instability and volatility in global financial markets. However, the demand for financial advisory services has grown, particularly among small and medium-sized enterprises (SMEs) and high-net-worth individuals, driven by an increasing interest in alternative investments and a heightened awareness of future financial planning.

The United States stands out as a significant contributor to the global financial advisory services market, with major players like Bank of America, Goldman Sachs, JP Morgan Chase, and Morgan Stanley dominating the landscape. These institutions offer a range of services, including assistance with mergers, acquisitions, and financial restructurings, with revenue often tied to the success of these transactions. The market is characterized by a mix of beginner and expert investors, with the former often lacking the confidence and understanding needed to navigate volatile market conditions. The report highlights key developments, such as Morgan Stanley's strategic expansion in China and Boston Consulting Group's high-profile recruitment in Germany, underscoring the dynamic nature of the industry.

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Financial Advisory Services Market Size - Table of Contents

  1. 1. MARKET DYNAMICS AND INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Insights on Various Regulatory Trends Shaping the Market

    5. 1.5 Insights on impact of technology in the Market

    6. 1.6 Industry Attractiveness - Porters' Five Forces Analysis

      1. 1.6.1 Threat of New Entrants

      2. 1.6.2 Bargaining Power of Buyers

      3. 1.6.3 Bargaining Power of Suppliers

      4. 1.6.4 Threat of Substitutes

      5. 1.6.5 Intensity of Competitive Rivalry

    7. 1.7 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Corporate Finance

      2. 2.1.2 Accounting Advisory

      3. 2.1.3 Tax Advisory

      4. 2.1.4 Transaction Services

      5. 2.1.5 Risk Management

    2. 2.2 By Organization Size

      1. 2.2.1 Large Enterprises

      2. 2.2.2 Small & Medium-Sized Enterprises

    3. 2.3 By Industry Vertical

      1. 2.3.1 Bfsi

      2. 2.3.2 It And Telecom

      3. 2.3.3 Manufacturing

      4. 2.3.4 Retail And E-Commerce

      5. 2.3.5 Public Sector

      6. 2.3.6 Healthcare

    4. 2.4 By Geography

      1. 2.4.1 North America

        1. 2.4.1.1 USA

        2. 2.4.1.2 Canada

        3. 2.4.1.3 Rest of North America

      2. 2.4.2 Europe

        1. 2.4.2.1 UK

        2. 2.4.2.2 Germany

        3. 2.4.2.3 France

        4. 2.4.2.4 Italy

        5. 2.4.2.5 Spain

        6. 2.4.2.6 Rest of Europe

      3. 2.4.3 Asia-Pacific

        1. 2.4.3.1 China

        2. 2.4.3.2 Japan

        3. 2.4.3.3 Australia

        4. 2.4.3.4 India

        5. 2.4.3.5 South Korea

        6. 2.4.3.6 Rest of Asia-Pacific

      4. 2.4.4 Middle-East and Africa

        1. 2.4.4.1 Saudi Arabia

        2. 2.4.4.2 Egypt

        3. 2.4.4.3 UAE

        4. 2.4.4.4 Rest of Middle-East and Africa

      5. 2.4.5 South America

        1. 2.4.5.1 Argentina

        2. 2.4.5.2 Colombia

        3. 2.4.5.3 Rest of South America

Financial Advisory Services Market Size FAQs

The Financial Advisory Services Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)

Bank of America Corporation, BCG Group, Goldman Sachs Group Inc., JP Morgan Chase & Co. and Morgan Stanley are the major companies operating in the Financial Advisory Services Market.

Financial Advisory Services Report Snapshots

Financial Advisory Services Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)