Market Size of North America Financial Advisory Services Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 63.90 Billion |
| Market Size (2029) | USD 94.41 Billion |
| CAGR (2024 - 2029) | 8.12 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Financial Advisory Services Market Analysis
The North America Financial Advisory Services Market size in terms of assets under management value is expected to grow from USD 63.90 billion in 2024 to USD 94.41 billion by 2029, at a CAGR of 8.12% during the forecast period (2024-2029).
The Financial Advisory segment delivers consulting services based on a strong financial analytical fundament. Service offerings span a wide variety of topics, such as transaction services, risk management, tax advisory, real estate advisory, compliance, and litigation services, to name a few. However, financial and accounting skills always stand at the heart of the services delivered.
Financial advisors can provide insight into how they can save more and build their wealth. It is often done by constructing a portfolio of well-suited investments to the client's risk attitude. Some clients are more willing to take on risk if the prospect of a potentially greater reward is more compelling than the prospect of potentially losing money.
Financial advisory services can provide clients with a wide range of services, from investment advice and portfolio management to retirement planning and tax advice. Financial advisors can work with individuals or businesses, and their goal is to help their clients grow and preserve their wealth.
