Market Size of Europe Financial Advisory Services Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR (2024 - 2029) | > 4.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Europe Financial Advisory Services Market Analysis
The Europe Financial Advisory Services Market is expected to register a CAGR of greater than 4% during the forecast period(2024-2029).
The financial advisory delivers consulting services that build on strong financial-analytical fundamentals. Financial advising continued to perform in a relatively stable manner throughout the crisis years and their aftermath. Traditionally, the market for financial advisory services is dominated by firms with a legacy in tax and audit services, such as large accounting and consulting firms, etc.
Over the past few years, firms from other segments, such as strategy consultants, process specialists, economic experts, and systems integrators, have developed their footprints in the financial advisory landscape. As a result of the variety of services within financial advisory, each discipline tends to have a relatively large group of different players, such as corporate finance boutiques, real estate experts, or risk management specialists.
The spread of COVID-19 hurt the European financial advisory services industry because global financial markets were unstable, the economy was going down, and the market was very volatile.
The European Financial Planning Association is the most important group in Europe for setting professional standards for financial advisors and planners and for building the public's trust. It influences the market behavior of its certificate holders by guiding them in knowledge, skills, lifelong learning, behavior, and ethics.
