Wealth Management Platform Market by Advisory Model (Human Advisory, Robo Advisory, and Hybrid), Business Function (Portfolio, Accounting, and Trading Management, Performance Management, Financial Advice Management, Risk and Compliance Management, Reporting, and Others), Deployment Model (Cloud and On-premise), End Users (Banks, Investment Management Firms, Brokerage Firms, Trading and Exchange Firms, and Others), and Region - Global Industry Analysis, Size and Forecast, 2019-2031

Wealth Management Platform Market Introduction

The wealth management industry is witnessing a multitude changes owing to intense competition from FinTechs, the introduction of innovative services for High Net Worth Individuals (HNWI), massive growth in the emerging markets, and increasing regulatory supervision across the globe. Increase in demand for digital channels of communication and access to portfolio management has increased end user’s expenditure over digitization. Apart from digitization, end users are more concerned about adopting next-gen technologies such as robotics process automation, cyber-security, artificial intelligence (AI) and analytics to enhance productivity and efficiency.

Market Dynamics

In the recent past, expenditure on digitization and process automation has increased at a significant rate owing to rising technological awareness among end users across the globe to optimize wealth management practices. In addition, the introduction of stringent government regulations, positive demographics, rising income levels, low penetration of wealth management platforms especially in emerging markets are projected to boost the wealth management platform market growth at a rapid pace. Moreover, continuous technological advancements in FinTech companies along with rising population and adoption of AI and blockchain technologies are anticipated to create massive for prominent players operating in the market. However, lack of technical expertise & skilled workforce and high dependency on conventional methods especially in emerging markets are projected to impact the wealth management platform market size adversely during the forecast.

Market Scope

The global wealth management platform market is segmented based on advisory model, deployment model, business function, end users, and regions.

By advisory model, the global wealth management platform market is bifurcated into robo advisory, human advisory, and hybrid segments. Based on deployment model, the market is segmented into cloud and on-premise. By business function, the wealth management platform market is analyzed across portfolio, accounting, and trading management, financial advice management, performance management, risk and compliance management, reporting, and others. Based on end user, the market is bifurcated into banks, trading and exchange firms, investment management firms, brokerage firms, and others. By region, the market is analyzed across six major geographies such as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, and Middle East & Africa (MEA).

Wealth Management Platform Market Competitive Landscape

Key vendors in the wealth management platform market are inclined towards engaging with organizations and HNWI at a various level such as financial planning and tax planning to deliver customized services. In addition, wealth management service providers are focused towards expanding their offerings to become one stop shop for all requirements of clients. Prominent players identified in the wealth management platform industry are Broadridge, Comarch, Dorsum, Finantix, FIS, Fiserv, Investedge, Objectway, Profile Software, SEI Investments Company, SS&C, and Temenos among others.

Major Regions/Countries include:

• North America
  • United States
  • Canada

• Western Europe
  • Germany
  • United Kingdom
  • Spain
  • France
  • Italy
  • Rest of Western Europe

• Eastern Europe
  • Russia
  • Poland
  • Rest of Eastern Europe

• Asia Pacific (APAC)
  • Japan
  • China
  • India
  • ASEAN
  • Australia
  • Rest of Asia-Pacific

• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America

• Middle East and Africa (MEA)
  • GCC
  • North Africa
  • South Africa
  • Rest of MEA

This research report on wealth management platform market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.