Financial Planning Services: Market Research Report
The global outlook series on the Financial Planning Services Industry provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings.
Illustrated with 21 fact-rich market data tables, the report offers a rudimentary overview of the industry, and highlights latest trends and demand drivers.
Regional markets briefly abstracted and covered include United States, Canada, France, Italy, UK, Spain, Australia, China, Hong Kong, Korea, Singapore, India, and Malaysia.
The report offers a compilation of recent mergers, acquisitions, and strategic corporate developments.
Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of 318 companies worldwide.
Illustrated with 21 fact-rich market data tables, the report offers a rudimentary overview of the industry, and highlights latest trends and demand drivers.
Regional markets briefly abstracted and covered include United States, Canada, France, Italy, UK, Spain, Australia, China, Hong Kong, Korea, Singapore, India, and Malaysia.
The report offers a compilation of recent mergers, acquisitions, and strategic corporate developments.
Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of 318 companies worldwide.
1.OVERVIEW
Introduction
Industry Scope
Industry at a Glance
Global Outlook
Major Market Trends
Companies Include Financial Planning in Employee Benefits
HNWIs Demand Long-term Value from Wealth Managers
Technology, a Boon for Wealth Managers
Online Customer Engagement Crucial for Financial Services Sector
Weak State of the Global Economy
High Volatility and Risk Aversion
Financial Future Post Retirement – A Global Concern
More Problems for Baby Boomers
Brokers Can Survive by Offering More Services
2.PRODUCT OVERVIEW
Financial Plan
Financial Planning
Definition
Need for Financial Planning
Types of Financial Planning
Business Financial Planning
Personal Financial Planning
Scope of Personal Financial Planning
Stages Involved in Personal Financial Planning
Beginning of Financial Planning
Assessment of Personal Finances
Establishing Goals
Planning Assistance – Financial Planners/Advisors
Monitoring and Reevaluation
Financing Personal Goals
Tax Management
Insurance Protection
Estate Planning
Tools Involved in Estate Planning
Will
Power of Attorney
Living Will
Medical Power of Attorney
Other Estate Planning Tools
Probate
Trusts
Ownership of Assets
Insurance
Fee Structure
Significance of Financial Planning
Regulations, Licensing and Self-regulation
Significance of Technology in Financial Planning
Financial Planning Using Computers
Videoconferencing - A New Avenue
Professional Associations
The Institute of Certified Financial Planners
The Association for Financial Counseling and Planning Education
The CFA Institute
The Certified Financial Planner Board of Standards
The National Association of Independent Public Finance Advisors
National Association of Personal Financial Advisors
The Registered Financial Planners Institute
The Society of Financial Services Professional
Retirement Planning
Retirement Risks and Financial Planning
Longevity
Fund Withdrawal Rate
Health Care Expenses
Inflation Risks
Time and Investment Risk
Understanding Life Expectancies for Better Retirement Planning
Wealth Management
Investment Options
Life Insurance and Annuities
Securities
Types of Securities
Stocks
Mutual Funds
Bonds
3.PRODUCT & SERVICE INTRODUCTIONS
4.MERGERS & ACQUISITIONS
5.STRATEGIC CORPORATE DEVELOPMENTS
A REGIONAL MARKET PERSPECTIVE
1.THE UNITED STATES
Market Overview
Market Structure
Regulatory Environment
Market Trends
Wealth Management Companies to Increase Focus on HNWIs
Recession Driving Demand for Independent Financial Planners
Federal Government Purchases Shares in Financial Institutions
High-Net-Worth Women Represent Profitable Niche Market for Financial Advisers
Small Businesses Present Significant Opportunities for Financial Services Firms
Financial Planning for Small Businesses
Financial Planning Industry Shifts Towards Fee-Only Advisers
Transition in Financial Advisory Industry
Targeting the Middle-Class
Focusing on Younger Generation
Effective Use of Technology
Retirees Returning to Work
Regulatory Trends Drive Retirement Planning Market
Growing Demand for Wealth Management Services
Retirement Planning – An Overview
Motivation for an Extended Work Life
Effects of Departure from Work Life
Post Retirement Opportunities
2.CANADA
Market Overview
Effect of Global Economic Crisis
Greater Need for Financial Planning
3.EUROPE
Outlook
Recession Awakens Growth in European Wealth Management
3A.FRANCE
Market Overview
3B.ITALY
Market Overview
3C.THE UNITED KINGDOM
Market Overview
Financial Advice Market Consolidates
Independent Financial Advisors Loosing Foothold
Declining Rates Draw Attention to Financial Planning
More Companies Expected to Exit the Market Space
Avoiding Professional Advise May Lead to Inappropriate Protection Cover
Mortgage Intermediary Market Slumps
Retirement Planning Scenario in the UK
Declining Wealth Management Market
3D.SPAIN
Market Overview
4.ASIA-PACIFIC
Regional Overview
Asian HNWIs Offer Growth Opportunities for Wealth Management
Huge Market Potential Owing to Rising Affluence
Rise in Ageing Population
4A.AUSTRALIA
Market Overview
Market Trends
Budget Announces Major Initiatives
Australians Well Equipped for Retirement
Australian Investors Urged to Obtain Financial Advice
Shift Towards Fee-Based Compensation for Financial Planning Advice
4B.CHINA
Market Overview
4C.HONG KONG
Market Overview
Demographics Drive Demand for Wealth Management and Financial Planning Services
Possible Barriers to Market Growth
Investment Environment Outlook
Professional Standards
Availability of Qualified Professionals
Consumers Unwilling to Pay Fees Upfront
Increasing Consumer Awareness on Advice Quality
Increasing Focus on Protection Advice
4D.INDIA
Market Overview
Indian Financial Sector Treading Growth Path
4E.MALAYSIA
Market Overview
Global Directory
Introduction
Industry Scope
Industry at a Glance
Global Outlook
Table 1. Global Current and Future Analysis of Financial Planning and Advisory Services Market by Geographic Region–US, Japan, Europe, Singapore, Australia, Korea, India, China and Rest of World Markets Independently Analyzed with Annual Revenues in US$ Million for the Years 2010-2015
Table 2. Global 5-Year Perspective of the Financial Planning and Advisory Services Market by Geographic Region–Percentage Share Breakdown of Revenues for US, Japan, Europe, Singapore, Australia, Korea, India, China and Rest of World Markets for the Years 2011 & 2015
Major Market Trends
Companies Include Financial Planning in Employee Benefits
HNWIs Demand Long-term Value from Wealth Managers
Table 3. HNWI Population Worldwide (2011): Breakdown of Number of High- Net-Worth Individuals (HNWIs) by Geographic Region
Table 4. HNWI Wealth Worldwide (2011): Percentage Share Breakdown of HNWI Wealth Value by Geographic Region
Technology, a Boon for Wealth Managers
Online Customer Engagement Crucial for Financial Services Sector
Weak State of the Global Economy
High Volatility and Risk Aversion
Financial Future Post Retirement – A Global Concern
More Problems for Baby Boomers
Brokers Can Survive by Offering More Services
2.PRODUCT OVERVIEW
Financial Plan
Financial Planning
Definition
Need for Financial Planning
Types of Financial Planning
Business Financial Planning
Personal Financial Planning
Scope of Personal Financial Planning
Stages Involved in Personal Financial Planning
Beginning of Financial Planning
Assessment of Personal Finances
Establishing Goals
Planning Assistance – Financial Planners/Advisors
Monitoring and Reevaluation
Financing Personal Goals
Tax Management
Insurance Protection
Estate Planning
Tools Involved in Estate Planning
Will
Power of Attorney
Living Will
Medical Power of Attorney
Other Estate Planning Tools
Probate
Trusts
Ownership of Assets
Insurance
Fee Structure
Significance of Financial Planning
Regulations, Licensing and Self-regulation
Significance of Technology in Financial Planning
Financial Planning Using Computers
Videoconferencing - A New Avenue
Professional Associations
The Institute of Certified Financial Planners
The Association for Financial Counseling and Planning Education
The CFA Institute
The Certified Financial Planner Board of Standards
The National Association of Independent Public Finance Advisors
National Association of Personal Financial Advisors
The Registered Financial Planners Institute
The Society of Financial Services Professional
Retirement Planning
Retirement Risks and Financial Planning
Longevity
Fund Withdrawal Rate
Health Care Expenses
Inflation Risks
Time and Investment Risk
Understanding Life Expectancies for Better Retirement Planning
Wealth Management
Investment Options
Life Insurance and Annuities
Securities
Types of Securities
Stocks
Mutual Funds
Bonds
3.PRODUCT & SERVICE INTRODUCTIONS
4.MERGERS & ACQUISITIONS
5.STRATEGIC CORPORATE DEVELOPMENTS
A REGIONAL MARKET PERSPECTIVE
1.THE UNITED STATES
Market Overview
Market Structure
Regulatory Environment
Market Trends
Wealth Management Companies to Increase Focus on HNWIs
Recession Driving Demand for Independent Financial Planners
Table 5. Certified Financial Planner (CFP) Population in the United States (2011): Percentage Breakdown of Number of Certified CFPs by State
Table 6. Certified Financial Planner (CFP) Population in the United States (2011): Percentage Breakdown of Number of Certified CFPs by Age Group
Table 7. Certified Financial Planner (CFP) Population in the United States (2011): Percentage Breakdown of Number of Certified CFPs by Gender
Federal Government Purchases Shares in Financial Institutions
High-Net-Worth Women Represent Profitable Niche Market for Financial Advisers
Small Businesses Present Significant Opportunities for Financial Services Firms
Financial Planning for Small Businesses
Financial Planning Industry Shifts Towards Fee-Only Advisers
Transition in Financial Advisory Industry
Targeting the Middle-Class
Focusing on Younger Generation
Effective Use of Technology
Retirees Returning to Work
Regulatory Trends Drive Retirement Planning Market
Growing Demand for Wealth Management Services
Table 8. US Financial Planning Services Market (2011): Percentage Breakdown of Number of Investors by Type of Investment Advisor Frequented
Retirement Planning – An Overview
Table 9. Equity and Bond Ownership Patterns in the United States (2011): Percentage Breakdown of Number of Households by Type of Investments
Table 10. Equity and Bond Ownership Patterns in the United States (2011): Percentage Breakdown of Number of Households by Income Group
Motivation for an Extended Work Life
Table 11. US Financial Planning Services Market (2011): Percentage Breakdown of Equity and Bond Investors by Average Age of Decision Maker
Effects of Departure from Work Life
Post Retirement Opportunities
2.CANADA
Market Overview
Effect of Global Economic Crisis
Greater Need for Financial Planning
3.EUROPE
Outlook
Table 12. European Current and Future Analysis of Financial Planning and Advisory Services Market Analyzed by Annual Revenue in US$ Million for the Years 2010 through 2015.
Table 13. European 5-Year Perspective of the Financial Planning and Advisory Services Market by Geographic Region – Percentage Share Breakdown of Revenues for France, Germany, Italy, UK and Rest of Europe Markets for years 2011 & 2015
Recession Awakens Growth in European Wealth Management
3A.FRANCE
Market Overview
3B.ITALY
Market Overview
3C.THE UNITED KINGDOM
Market Overview
Financial Advice Market Consolidates
Independent Financial Advisors Loosing Foothold
Declining Rates Draw Attention to Financial Planning
More Companies Expected to Exit the Market Space
Avoiding Professional Advise May Lead to Inappropriate Protection Cover
Mortgage Intermediary Market Slumps
Retirement Planning Scenario in the UK
Declining Wealth Management Market
3D.SPAIN
Market Overview
4.ASIA-PACIFIC
Regional Overview
Asian HNWIs Offer Growth Opportunities for Wealth Management
Table 14. HNWI Population in Asia-Pacific (2011): Breakdown of Number of High-Net- Worth Individuals (HNWIs) by Country
Table 15. HNWI Wealth in Asia-Pacific (2011): Percentage Breakdown of HNWI Financial Assets by Type of Investment
Huge Market Potential Owing to Rising Affluence
Table 16. HNWI Wealth in Asia-Pacific (2011): Percentage Breakdown of HNWI Financial Assets by Geographic Region
Rise in Ageing Population
4A.AUSTRALIA
Market Overview
Market Trends
Budget Announces Major Initiatives
Australians Well Equipped for Retirement
Australian Investors Urged to Obtain Financial Advice
Shift Towards Fee-Based Compensation for Financial Planning Advice
4B.CHINA
Market Overview
Table 17. HNWI Wealth in China (2011): Percentage Breakdown of HNWI Financial Assets by Type of Investment
4C.HONG KONG
Market Overview
Table 18. Certified Financial Planner (CFP) Population in Hong Kong (2011): Percentage Breakdown of Number of Certified CFPs by Sector
Demographics Drive Demand for Wealth Management and Financial Planning Services
Possible Barriers to Market Growth
Investment Environment Outlook
Professional Standards
Availability of Qualified Professionals
Consumers Unwilling to Pay Fees Upfront
Increasing Consumer Awareness on Advice Quality
Increasing Focus on Protection Advice
4D.INDIA
Market Overview
Table 19. HNWI Wealth in India (2011): Percentage Breakdown of HNWI Financial Assets by Type of Investment
Indian Financial Sector Treading Growth Path
Table 20. HNWI Population in India (2011): Percentage Share Breakdown of Number of High-Net-Worth Individuals (HNWIs) by Age
Table 21. Indian Wealth Management Service Market (2011): Percentage Share Breakdown of Organized and Unorganized Sectors
4E.MALAYSIA
Market Overview
Global Directory
