As the number of high net-worth individuals (HNWIs), very-high-net-worth individuals (VHNWIs), ultra-high-net-worth individuals (UHNWIs), and affluent investors have continued to grow, the private wealth management industry had a strong year in 2019-20. The 25 top global wealth management firms companies $22.2 trillion in client assets at the end of 2018. The study is based on responses from 12,000 customers of 100 of the biggest global wealth management and advisory companies in the world for 2020, according to CEOWORLD magazine’s latest annual satisfaction survey. Wealth management and advisory companies are ranked based on overall customer satisfaction.
Not surprisingly, Bank of America Private Bank continues its long run as the largest provider of wealth management services to the world’s wealthiest, most influential individuals and families — but Morgan Stanley’s Private Wealth Management group is narrowing the gap between No. 1 and No. 2. Banking giant Morgan Stanley has acquired Canada-based Solium Capital last February for $900 million in cash, expanding its wealth management capabilities. The two wealth management firms are a league unto themselves. These are the leading wealth firms – manage many Trillions of Dollars in Assets.
Top global wealth management and advisory companies in the world for 2020
Note: All the contents and rankings stated above are for your reference only. Neither CEOWORLD magazine nor any of its affiliates or advisors provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.
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