The client segment expected to grow the fastest by 2021
The rich are getting richer.
Private wealth grew by 4.5% in the U.S. in 2016, up from 2.0% in 2015, according to a new study by the Boston Consulting Group. That's good news for advisers looking to cater to well-heeled clients. Better yet, the study also indicates that that wealth is expected to grow even faster over the next few years.
Which client segment has the most potential in this growth market, and which asset class should advisers pay attention to? Scroll through for a summary of the market in 2016, and projections for what is to come.