Global net wealth hit $512T in 2024, up 4.4%, with financial assets rising 8.1% but real assets slightly declining. North America led with 14.9% growth, fueled by U.S. equities, while Asia-Pacific grew 7.3% and is projected to expand ~9% annually through 2029. Cross-border wealth surged 8.7% to $14.4T, with Singapore and the UAE emerging as top booking hubs alongside Switzerland and Hong Kong. Yet only 28% of AuM growth over the past decade was organic, as firms leaned on markets, M\&A, and advisor hiring. BCG urges wealth managers to strengthen brand, digital acquisition, data-driven distribution, and next-gen engagement to drive sustainable growth.

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