Berkshire Global Advisors published its 2024 Financial Services Industry Review (the “Review”), analyzing Financial Services activity. The Review provides an analysis of market trends, financial performance and key themes that have shaped the preceding year, as well as insights into trends shaping the financial landscape. The Review provides that Wealth Management transactions declined from 201 transactions to 181 transactions from 2022 to 2023 due to higher interest rates and macroeconomic uncertainty; however, the total assets under management of sellers rose from $621 billion in 2022 to $1,257 billion in 2023. The Review predicts an increase in Wealth Management transactions, stating that a poll found that three out of five buy-side firms plan to increase their deal count in the upcoming years.
To read the report: please click here.