The global wealth management market size is estimated to be valued at $850.90 billion by 2028 , surging from $498.70 billion in 2020 , at a CAGR of 7.1% . Global Wealth Management Market Analysis The growth is likely to be fueled by an increase in the number of high net worth individuals (HNWIs) around the world. HNWIs have cultivated a tight working connection with investment banks and independent financial advisors in order to understand their company goals and build investment strategies. HNWIs participate in financial markets to maximize their profits. Traditional wealth management of an ever-increasing number of individuals is a difficult and hazardous responsibility for financial institutions. As a result, demand for tools or systems to automate wealth management procedures is steadily increasing. To make their commercial responsibilities easier, many companies are turning their focus to digital platforms. The wealth management system enables organizations to keep track of t
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