Financial Advisory Service Market Report 2025 (Global Edition)

Global Financial Advisory Service Market Report 2025 Market Size Split by Type (Corporate Finance, Accounting Advisory, Tax Advisory, Transaction Services, Risk Management, Others), by Industry Vertic...

Financial Advisory Service Market Report Description

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Financial Advisory Service Market Insights Video

Competitive Landscape of Financial Advisory Service Market

The financial advisory service sector has a complex and changing competitive environment. It involves a number of stakeholders, including conventional financial institutions, independent counseling firms, fintech startups, and even self-directed online platforms. Established banks and financial institutions frequently include thorough consulting services as part of their offerings.

February 2023: A significant strategic development for the company's expanded presence in China was announced by Morgan Stanley Investment Management when it got approval from the China Securities Regulatory Commission (CSRC) to acquire a full controlling position in Morgan Stanley Huaxin Funds.

(Source:www.morganstanley.com/im/en-us/individual-investor/about-us/newsroom/press-release/msim-received-csrc-approval-for-full-ownership.html)

April 2022: For almost $1.9 billion, US-based investment bank Goldman Sachs purchased NN Investment Partners. By making this deal, Goldman hopes to improve its ability to make sustainable investments and increase its asset management position in Europe. In the Netherlands, the asset management firm NN Investment Partners offers financial advisory services.

(Source:www.goldmansachs.com/media-relations/press-releases/2021/announcement-19-aug-2021.html)

Top Companies Market Share in Financial Advisory Service Industry: (In no particular order of Rank)

• The Goldman Sachs Group Inc
• BNP Paribas S.A
• Deloitte Touche Tohmatsu Limited
• JP
• Morgan Chase & Co
• HSBC Holdings Plc
• Morgan Stanley
• Banco Santander S.A.
• PwC
• KPMG International Cooperative
• Deutsche Bank AG
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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The North America Financial Advisory Service Market Hold The Highest Share Of The Global market

According to Cognitive Market Research, North America dominated the market in 2022 due to rapidly expanding because of changing client categories, quick technical advancements, and altered competition dynamics. Financial advisory services in North America include a broad range of products and services adapted to the continent's distinctive financial environment. Furthermore, regulation modifications, technical developments, and changes in consumer preferences all have an impact on the landscape. Consumers should do their homework and select reliable advisors to help them achieve their unique financial objectives.

It is Predicted that the US Financial Advisory Service Market Would See The Fastest Rate Of Growth Over The Forecast Period

According to Cognitive Market Research, compared to other nations in the world, the United States of America contributes the most money to the financial advisory service sector. BOA, a significant financial advisory, holds the bulk of corporate shares in the United States. The effectiveness and stability of BOA as a worldwide financial institution and its ability to service the financial demands of customers at all stages of their lives are directly impacted by its ethical business practices.

The key factors will drive the financial advisory industry market in the Asia Pacific region to expand at the fastest rate over the future years

The Asia Pacific is anticipated to be the fastest-growing region due to the continuing expansion of local wealth management products, distribution systems, regulation, use of technology, and interpersonal skills. Along with rising markets in Southeast Asia and South Asia, it also contains financial centers like Hong Kong, Singapore, Tokyo, and Sydney. Variables like rising wealth, urbanization, and a burgeoning middle class influence the market. Additionally, laws, cultural distinctions, and technological advancement significantly impact how the industry is portrayed in various Asia-Pacific nations.

The current report Scope analyzes Financial Advisory Service Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

Financial Advisory Service Market Analysis

By Type, Risk Management segment dominated the financial advisory service market

According to Cognitive Market Research, the risk management category dominated the market. Professionals with expertise in assisting customers in identifying, assessing, and mitigating financial risks are included in the risk management area of the financial advisory services industry. To ascertain the level of risk a client is comfortable with and the potential influence on their financial objectives, advisors in this category evaluate the customer's risk tolerance, financial goals, and unique circumstances.

Furthermore, the tax advisory category is anticipated to be the fastest growing market. Clients are receiving assistance from it to streamline their tax affairs and reduce their tax bills. In order to find options for effectively and legally lowering taxes, tax planning advisers examine a client's financial condition.

• Corporate Finance
• Accounting Advisory
• Tax Advisory
• Transaction Services
• Risk Management
• Others

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Financial Advisory Service Industry. Request a Free Sample PDF!

By Industry Vertical, the IT and Telecom segment held the largest market share of the Financial Advisory Service Market

• Effective Governance to Deliver Crucial Services to Boost IT and Telecom Category

According to Cognitive Market Research, the IT and telecom segment held the biggest market share during the anticipated period. Financial advisory services specifically designed for the public sector aim to promote sound fiscal management, efficient resource allocation, and effective governance to deliver crucial services and projects that benefit the community.

The second-largest industry is retail and e-commerce. Financial advisory services are crucial for firms to successfully negotiate the complexity of the market, manage money, and make strategic decisions in the retail and e-commerce sector. By making smart financial decisions that align with market trends, consumer preferences, and expansion chances, they are geared toward the retail and e-commerce sector and play a crucial role in assisting firms to thrive in a cutthroat marketplace.

• BFSI
• IT And Telecom
• Manufacturing
• Retail And E-Commerce
• Public Sector
• Healthcare
• Others

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Financial Advisory Service Organization Size Segment Analysis

• The Aspects Of The Financial Advisory Service Sector Are Dominated By Major Enterprises

The large enterprises category controlled the market for financial advisory services. Large advisory firms offer various financial services, including investment management, risk management, retirement planning, estate planning, tax preparation, and more. Huge businesses can also provide a depth of knowledge and specialized services across numerous financial disciplines due to their enormous resources and huge team of advisors.

Moreover, during the projected period, the small & medium-sized enterprises category is anticipated to rise significantly. Financial consultants who work with SMEs offer customized solutions that fit these companies' unique financial objectives, expansion plans, and market dynamics. Advisors help SMEs create thorough financial plans, including budgeting, cash flow management, and investment strategies to promote long-term growth.

• Large Enterprises
• Small & Medium-Sized Enterprises

Author's Detail

Swasti Dharmadhikari

Research associate at Cognitive Market Research

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Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.

Author's Conclusion