Global Wealth Management Platform Market: Snapshot

Tracking of investment portfolios and finding new routes of pooling investments form a crucial arsenal for people and firms that need wealth management advice. Wealth management platforms have gathered immense steam among investors of all hues on the back of digital automated systems. Wealth management platforms comprise a host of services, software tools, and technologies that eventually aim at making investment decisions easier for clients. Growing numbers of individual investors have benefitted from array of tools and functions circumscribed by wealth management platforms.

Over the years, human interventions in wealth management platforms have perceptibly declined and given way to digital platforms for managing wealth management. Especially in developed countries of the world, automated and algorithm-driven financial services are become more relevant and acceptable. Newer processes in investment proposal generation has aided in the evolution of the wealth management platform market. The study takes a critical look at aforementioned trends and identifies dynamics shaping the trajectories of the wealth management platforms market.

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Wealth Management Platform Market: Notable Developments

The wealth management platform is witnessing new demand potential from relentless focus on making their products useful to advisors. Key developer companies are upgrading the functionalities, adding dimension of customizability. New features include advanced filtering options, more research options for clients of advisors, and proposal generation processes. Of late, new features for investment strategy proposals have been gathering heat among service providers in the wealth management platform market.

A case in point is that of a prominent Chicago-based financial services provider Envestnet, which focuses on offering portfolio management software. In its recent release in 2019, the company announced that it has made scores of improvements and made several upgrades in wealth management platforms. The company in its recent offerings has seemed to overhaul proposal documentation—thereby helping advisors meet client needs of different investments. Further releases are likely to see the company consolidate its insurance exchange services. Integrating this with wealth management platforms will help clients make an informed decision about annuity products.

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Several other companies in the wealth management platform market are focusing on making the platform more intuitive for advisors, mainly by including easy-to-access functionality. Some well-entrenched players in the wealth management platform market are:

  • Dorsum
  • ObjectWay S.p.A.
  • Comarch
  • Finantix
  • SEI Investments Company
  • Profile Software
  • Broadridge Financial Solutions
  • SS&C Technologies

 Wealth Management Platform Market: Growth Dynamics

Substantial presence of HNWI populations in various developing and developed regions is crucial to propelling the technological advancements in the wealth management platform market. Wealth management providers have been adopting next-generation technologies to help cement trust with investors. Adoption of game-changing technologies, most notably AI, might up the ante for advisors in the wealth management platform market.

Growing adoption of process automation in wealth management practices is a significant trend expected to shape the key demand dynamic in the wealth management platform market. Integration of robotics with these platforms has unlocked new potential in recent years.

Strides being made by the financial technology company have increased the appetite of providers in the wealth management platform market. Blockchain with its disruptive potential may open several new avenues in the market. However, still conventional wealth management platform are deeply ingrained in the psyche of advisors and their clients. The transition to automated solutions may be filled with bottlenecks, slowing down the evolution of the market.

Wealth Management Platform Market: Regional Analysis

On the regional front, North America has been presenting considerable lucrative avenues to service providers. This is driven by the vast appetite for wealth management solutions in the U.S. Meanwhile the Asia Pacific management platform market is witnessing huge potential. The growth is propelled by growing quantum in high-value investments.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis. 

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Wealth Management Platform Market

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