The European and UK wealth management market in 2024 is undergoing a significant transformation driven by several key factors. An ageing population has increased the demand for retirement planning and wealth management services, as individuals approaching retirement seek professional guidance to secure their financial futures. At the same time, rising affluence and a growing number of high-net-worth individuals (HNWIs) are accelerating market growth, as these clients require sophisticated strategies to manage and preserve their wealth.
Several trends are reshaping the wealth management landscape. Digital transformation is a major force, with an increasing focus on online and mobile platforms that enable investors to manage their portfolios more efficiently and access services globally. This shift has empowered both clients and wealth managers to streamline operations, enhance decision-making, and improve the overall client experience.
Another key trend is the growing demand for sustainable and impact investing. With investors increasingly prioritising environmental, social, and governance (ESG) factors, wealth managers are offering products that align with these values, driving innovation in the industry. This shift allows wealth managers to cater to a socially conscious client base seeking ESG-compliant solutions.
The market also presents global investment opportunities, supported by a robust regulatory framework that ensures stability and transparency. Europe's geographic diversity offers exposure to a wide range of asset classes, while its strong financial institutions and experienced wealth managers make the region attractive for global capital.
However, challenges remain, including geopolitical tensions, economic uncertainties, and evolving regulations. To navigate these risks, wealth managers must innovate, diversify their offerings, and enhance their risk management capabilities.
In Wealth Management 2024, we highlight leading firms in the European and UK market, including Calliopa Capital, a prominent multifamily office serving high-net-worth and ultra-high-net-worth international clients. The edition also features insights from industry leaders like Jeanne Krigbaum, Chief Wealth Planning Officer at Old National Bank, and Chad A. Schmookler, Senior Director of International Operations at InComm, offering valuable perspectives on navigating the evolving wealth management landscape.
