Demand growing for wealth management services

The demand for wealth management services is projected to double over the next eight years, a new study found. Industry revenues are projected to grow to more than $500 billion by 2030. According to the research, about 250 million potential clients (born between 1981 and 2012) will earn an annual income of more than $100,000 by 2030. The research also projects an increase of $90 trillion in investible assets worldwide, led by investors in the Americas and Pacific Asia.