Report: World’s Best Wealth Management and Advisory Companies, 2025

The private wealth management industry had a successful year in 2024, driven by an increase in the number of high-net-worth individuals (HNWIs), very-high-net-worth individuals (VHNWIs), ultra-high-net-worth individuals (UHNWIs), and affluent investors. Markets rebounded from the previous year’s downturn, and the Federal Reserve seems to have completed its cycle of interest rate hikes. Additionally, there was ongoing consolidation within the registered investment advisor (RIA) and insurance broker-dealer sectors.

As we look ahead to 2025, attention will focus on the Federal Reserve and its pace of interest rate cuts. More deal-making is expected, and new leaders at several wealth management companies will aim to make their mark. Assets under management in the wealth management market are projected to reach $168.20 trillion by 2025. Financial advisory services will dominate the market, with an expected volume of $165.10 trillion in 2025. From 2025 to 2029, assets under management are anticipated to grow at an annual rate of 1.94%, resulting in a total market volume of $181.60 trillion by 2029.

The ultra-wealthy often hire professionals to simplify their lives. Landscapers maintain their gardens, housekeepers keep their homes tidy, and nannies care for their children. However, the most crucial role is that of a wealth manager, who is responsible for safeguarding their financial assets. These advisors operate in various cities around the world, including New York, London, Mumbai, and Singapore. As fiduciaries, they are legally obligated to act in their clients’ best interests. Choosing a wealth management firm is a significant decision that requires careful consideration. One of the challenges in selecting the right firm is the abundance of excellent options available. Generally, major wealth management firms offer similar fundamental services, and there is no single firm that stands out as the best. The key is to determine which firm aligns best with your unique financial situation.

CEOWORLD magazine conducted an annual satisfaction survey of 120,000 customers from 100 global wealth management and advisory companies. These firms were ranked based on overall customer satisfaction. It is unsurprising that Bank of America Private Bank remains the largest provider of wealth management services to the world’s wealthiest and most influential individuals and families. However, Morgan Stanley’s Private Wealth Management group is closing in on the top rank. These two firms are truly in a class of their own.

For wealth management firms to succeed, they must prioritize growth strategies, adopt innovative business models and mindsets, and be able to adapt quickly to dynamic market conditions by reallocating resources as needed.

World's Best Wealth Management and Advisory Companies

Note: Please note that the information and rankings mentioned above are provided for your reference only. CEOWORLD magazine and its affiliates or advisors do not offer legal, tax, or accounting advice. It is highly recommended that you seek advice from your legal and/or tax advisors before making any financial decisions.

Have you read?
The World’s Best Medical Schools.
The World’s Best Universities.
The World’s Best International High Schools.
The World’s Best Business Schools.
The World’s Best Fashion Schools.
The World’s Best Hospitality And Hotel Management Schools.