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Reply's Wealth Management Observatory
Q2 2026
As of 30 June 2026, Assets under Management (AUM) increased by approximately €135 billion compared with Q2 2025, representing a 14% growth. Cumulative Total Net Inflows also showed strong performance, increasing by around 22% versus the same period in 2025, equivalent to an additional €6.4 billion. The number of Financial Advisors increased slightly compared with Q2 2025 (+3%), resulting in a higher AUM per Financial Advisor (+11%, equal to approximately €4 million). The average performance of the main equity market indices since the beginning of 2026 (+9.2%) has exceeded the level recorded in Q2 2025 (+7.5%), despite the geopolitical tensions that negatively impacted financial markets during the first quarter of the year.
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The Reply Quantitative Observatory analyses and monitors the Asset Gathering sector over time, highlighting the main market trends in terms of Managed Assets, Net Inflows, number of Financial Advisors and number of Clients.
The main objective of the observatory is to maintain a fact based observation point on the overall trend of the sector and on the main elements of innovation.
