Financial Advisory Market Report 2026

The financial advisory market size has grown steadily in recent years. It will grow from $219.48 billion in 2025 to $229.17 billion in 2026 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to increasing complexity of financial regulations, growth in corporate restructuring activities, rising demand for tax optimization services, expansion of global investment activities, increasing reliance on professional financial advisors.

The financial advisory market size is expected to see strong growth in the next few years. It will grow to $291.61 billion in 2030 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to growing adoption of fintech-enabled advisory models, rising demand for personalized financial strategies, expansion of cross-border advisory services, increasing focus on risk mitigation and compliance, growing demand for long-term wealth management solutions. Major trends in the forecast period include increasing adoption of digital financial advisory platforms, rising demand for integrated wealth and risk advisory services, growing focus on regulatory and compliance advisory, expansion of data-driven investment advisory models, enhanced emphasis on holistic financial planning.

The increasing number of high-net-worth individuals (HNWIs) is expected to drive the growth of the financial advisory market in the coming years. A high-net-worth individual is defined as a person with liquid assets of at least USD 1 million. Individuals with significant wealth often rely on financial advisors to manage their assets and maximize opportunities and benefits. For example, in August 2023, according to UBS Group AG, a Switzerland-based investment banking firm, global wealth is projected to grow by 38% over the next five years, reaching USD 629 trillion by 2027, with growth primarily driven by middle-income countries. By 2027, wealth per adult is expected to reach USD 110,270, the number of millionaires is forecasted to rise to 86 million, and the population of ultra-high-net-worth individuals (UHNWIs) is projected to increase to 372,000. Therefore, the rise in high-net-worth individuals is contributing to the expansion of the financial advisory market.

Leading companies in the financial advisory market are focusing on developing innovative solutions, such as virtual video studios. A virtual video studio is a digital or computer-generated environment that replicates the look and functionality of a physical video production studio. For example, in February 2023, Merrill, a US-based investment management company, launched ‘Merrill Video Pro,’ a virtual video studio designed for financial advisors. The platform enables advisors to create content and engage with clients and prospects on a larger scale. Merrill Video Pro allows advisors to produce videos using a growing library of customizable content covering topics such as retirement planning, wealth transfer strategies, and navigating markets during challenging periods. These personalized videos can be easily shared via email, LinkedIn, advisor websites, and integrated into events and seminars.

In August 2025, LPL Financial Holdings Inc., a US-based provider of financial advisory, wealth management, broker-dealer services, and advisory support solutions, acquired Commonwealth Financial Network for an undisclosed amount. Through this acquisition, LPL aims to expand its wealth advisory and financial-advisor platform footprint, enhance its service offerings and technology capabilities for registered investment advisors, and increase scale by integrating Commonwealth’s network of advisors and assets under management. Commonwealth Financial Network is a US-based wealth management and financial advisory firm that supports thousands of independent financial advisors with comprehensive advisory solutions, integrated wealth-planning tools, and customized support services.

Major companies operating in the financial advisory market include JP Morgan Chase & Co., Bank of America Corporation, Wells Fargo & Co, Accenture plc, Morgan Stanley, PricewaterhouseCoopers International Limited (PwCIL, Goldman Sachs Group Inc., Ernst & Young Global Limited, UBS Group AG, KPMG International Limited, Deloitte Touche Tohmatsu Ltd., Credit Suisse Group AG, Charles Schwab Corporation, Ameriprise Financial Inc., Edward D. Jones & Co., L.P., Boston Consulting Group, RWBaird, Mercer, Protiviti Consulting Pvt. Ltd., Fisher Investments, Alvarez & Marsal Holdings, LLC, Luther King Capital Management, Heritage Investment Group, Eubel Brady & Suttman, Dana Investment Advisors Inc., Leavell Investment Management, Janney Montgomery Scott LLC, LPL Financial, Merrill Lynch Wealth Management, Northwestern Mutual Wealth Management Company, Raymond James Financial Inc., RBC Wealth Management, Stifel Financial Corp., Vanguard Group

Asia-Pacific was the largest region in the financial advisory market in 2025. The regions covered in the financial advisory market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the financial advisory market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The financial advisory market includes revenues earned by entities by providing financial operations services including accounts outsourcing, payroll services, and fund management. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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