Realizing this potential will require reaching emerging customer groups, including the estimated 250 million Generation Y and Z customers with annual incomes over $100,000 by 2030
Bain & Company released a new study on the wealth management market, predicting customer demand for wealth management services to surge to more than $500 billion by 2030—double the size of the market in 2021. The study shows that wealth management, with capital efficiency and recurring revenue streams, has the potential to help any parent company double market capitalization. However, realizing this potential has become more difficult due to emerging customers with different priorities, requiring new delivery models, new offerings and new economic models.
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