PwC’s 2025 Global Asset & Wealth Management Report finds that private markets are set to eclipse active markets and account for more than half of the global asset management industry’s revenues by 2030.
Other key findings include:
Global assets under management (AuM) are expected to climb from USD139 trillion in 2024 to USD200 trillion by 2030, at a CAGR of 6.2 per cent
Private markets revenues are set to reach USD432.2 billion, growing at a CAGR of 8.2 per cent and delivering over half of the total asset management industry’s revenues by 2030
Total investable wealth worldwide is expected to exceed USD481 trillion by 2030 – two-thirds to come from Mass Affluents (5.7 per cent CAGR) and HNWIs (6.5 per cent CAGR)
Tokenised fund AuM is projected to soar from USD90 billion (2024) to USD715 billion by 2030, growing at a CAGR of 41 per cent, fuelled by the retailisation of private markets
Margins under pressure: revenues are rising, but 89 per cent of AM’s surveyed report profitability pressure over the past five years – with profit per AuM down 19 per cent since 2018
Asset managers target convergence with wealth managers and FinTechs, and look to AI and technology to drive cost-effective digital ecosystems tailored to servicing more diverse client segments.
