The intensifying global competition and the development of new technologies have revolutionized the Asset Management sector in United States. The rate at which the number of affluent individuals has risen in North America outlines considerable growth in the US private banking and wealth management market in the last 3 years. The key changes by the private banks and wealth managers in the past few years have been the catalysts in reshaping the industry. The report features the past and current trends in the United States Asset Management sector highlighting the emerging competition and consolidation in the industry, product differentiation and market trends of the ongoing asset management business and the problems faced by companies. The report provides in-depth analysis of the key factors, which have changed the asset management market scenario substantially in the past few years.