Wealth Management Platform Market

Wealth Management Platform Market by Advisory Model (Human Advisory, Robo Advisory, and Hybrid), Business Function (Reporting, Portfolio, Accounting, and Trading Management), Deployment Model, End-User Industry, and Region - Global Forecast to 2022

Report Code: TC 6080 Mar, 2018, by marketsandmarkets.com

[139 Pages Report] The wealth management platform market was valued at USD 1.52 Billion in 2016 and is projected to reach USD 3.20 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 13.4% during the forecast period. The base year considered for this report is 2016, and the forecast period is 2017–2022.

The major growth drivers of the wealth management platform market are expected to be the constant rise in the number of global High Net Worth Individuals (HNWIs), digitalization and process automation, and compliance with stringent industry regulations.

Objectives of the Study

The main objective of the report is to define, describe, and forecast the global wealth management platform market on the basis of advisory models, business functions, deployment models, end-user industries, and region. The report provides detailed information regarding the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the market. The report aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the total market. The report attempts to forecast the market size with respect to 5 main regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. The report strategically profiles key players and comprehensively analyzes their core competencies. It also tracks and analyzes competitive developments, such as partnerships, collaborations, and agreements; mergers and acquisitions; new product launches and developments; and Research and Development (R&D) activities in the market.

Research Methodology

The research methodology used to estimate and forecast the wealth management platform market began with capturing data on key vendor revenues through secondary research, which included directories and databases (D&B Hoovers, Bloomberg Businessweek, and Factiva). The vendor offerings were also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global market that was derived from the revenues of the key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of the primary participants is depicted in the figure below:

Wealth Management Platform Market

To know about the assumptions considered for the study, download the pdf brochure

The wealth management platform  ecosystem comprises major vendors, such as SS&C (US), Fiserv (US), FIS (US), Profile Software (UK), Broadridge (US), InvestEdge (US), Temenos (Switzerland), Finantix (Italy), SEI Investments Company (US), Comarch (Poland), Objectway (Italy), and Dorsum (Hungary). The other stakeholders of the wealth management platform market include vendors, research organizations, managed service providers, third-party providers, and technology providers.

Wealth Management Platform Key Target Audience:

  • Service providers and distributors
  • Wealth management platform software builders
  • Independent Software Vendors (ISVs)
  • Enterprises
  • End-users

“The study answers several questions for the stakeholders, primarily which market segments to focus on in the next 2–5 years for prioritizing efforts and investments.”

Scope of the Report

The research report categorizes the wealth management platform market to forecast the revenues and analyze trends in each of the following subsegments:

By Advisory Model

  • Human advisory
  • Robo advisory
  • Hybrid

By Business Function

  • Financial advice management
  • Portfolio, accounting, and trading management
  • Performance management
  • Risk and compliance management
  • Reporting
  • Others (billing and benchmarking)

By Deployment Model

  • Cloud
  • On-premises

By End-User Industry

  • Banks
  • Investment management firms
  • Trading and exchange firms
  • Brokerage firms
  • Others (asset management firms, and custody and compliance providers)

By Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • Italy
    • UK
    • Rest of Europe
  • APAC
    • China
    • Japan
    • India
    • Rest of APAC
  • MEA
    • Middle East
    • Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix gives a detailed comparison of the product portfolio of each company

Geographic Analysis

  • Further breakdown of the North American Wealth management platform market
  • Further breakdown of the European market
  • Further breakdown of the APAC market
  • Further breakdown of the Latin American market
  • Further breakdown of the MEA market

Company Information

  • Detailed analysis and profiling of additional market players up to 5.

The global wealth management platform market size is expected to grow from USD 1.70 Billion in 2017 to USD 3.20 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 13.4% during the forecast period. The increasing business expansions, mergers and acquisitions, joint ventures, and other inorganic strategies undertaken by the vendors are expected to be the key factors in fueling the growth of the market.

The report provides detailed insights into the global wealth management platform market, which has been segmented by advisory model, business function, deployment model, end-user industry, and region. Under the advisory models segment, the human advisory subsegment is expected to hold the largest market share during the forecast period.

Irrespective of the rising service standards of the robo advisors segment, the High Net Worth Individuals (HNIWs) are considering the human advisory segment as their first preference, owing to the increased security concerns in the wealth management industry.

The increase in ratio of the HNWIs across the globe is expected to have increased the demand for wealth management solutions. The wealth management industry’s advisory model has been transforming and shifting from commission-based to performance-based models. The robo advisory segment is expected to have the highest growth rate during the forecast period, owing to the increasing competition, rapidly changing market dynamics, and evolving client’s requirements. Moreover, it has emerged as an effective low-cost alternative for retail investors and comes with certain benefits, such as low-cost fee structure, ease of use, low to zero account minimums, and diversified services, which is why it is expected to gain traction during the forecast period.

The portfolio, accounting, and trading management business function is expected to hold the largest market share and lead the market during the forecast period. This rise can be attributed to the increased demand for portfolio management, decision support, and trading across multiple programs. With the expanding highly competitive market, the portfolio, accounting, and trading managers are under pressure to handle their existing customers wealth management data, provide them with effective advisory, and concentrate over collaborative activities to strengthen and serve their customers in a better manner.

The rapid adoption of cloud solutions can be observed in the wealth management platform market, owing to the advantages of the cloud technology over that of the on-premises solutions, such as agility, scalability, reduced operational costs, flexible payment options, easy access to data, and self-service capabilities.

Moreover, wealth management firms are expected to gain traction among various end-user industries, owing to the increase in wealth of individuals, healthy economic growth across the globe, and need for compliance with regulations. The trading and exchange firms segment is expected to grow at the highest CAGR, owing to the increased inclination of customers toward trading and exchange to improve the financial gains

Wealth Management Platform Market

The report covers all the major aspects of the wealth management platform market and provides an in-depth analysis for major countries across North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and Latin America. North America, owing to the early adoption of new and emerging technologies, coupled with expanding data, is expected to continue to dominate the market during the forecast period. APAC is expected to grow at the highest CAGR during the forecast period, owing to the growing data and increasing number of mergers and acquisitions in the region.

Lack of awareness of wealth management solutions and inadequate technical expertise among enterprise professionals are expected to act as the major challenges for the growth of the wealth management platform market. However, the rising innovations in the fintech industry as well as the increased adoption of blockchain and Artificial Intelligence (AI) technologies are expected to facilitate the adoption of wealth management platform solutions worldwide.

The wealth management platform ecosystem comprises vendors, such as SS&C Technologies, Inc. (US), Fiserv, Inc. (US), Fidelity National Information Services (US), Profile Software (UK), Broadridge Financial Solutions, Inc. (US), InvestEdge, Inc. (US), Temenos Group AG (Switzerland), Finantix S.p.A. (Italy), SEI Investments Company (US), Comarch SA (Poland), Objectway S.p.A. (Italy), and Dorsum Ltd. (Hungary). The other stakeholders of the wealth management platform market include managed service providers, third-party providers, and technology providers.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Research Assumptions and Limitations
    2.4 Limitations

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 30)
    4.1 Attractive Market Opportunities in the Market
    4.2 Wealth Management Platform Market, By Region
    4.3 Market Top 4 End-User Industries and Regions
    4.4 Life Cycle Analysis, By Region, 2017

5 Market Overview and Industry Trends (Page No. - 34)
    5.1 Market Overview
    5.2 Introduction
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Digitalization and Process Automation Optimizes Wealth Management Practices
                    5.3.1.2 Constant Rise in Global Hnwis
                    5.3.1.3 Compliance With Stringent Industry Regulations
           5.3.2 Restraints
                    5.3.2.1 Higher Dependency on Traditional Methods
           5.3.3 Opportunities
                    5.3.3.1 Rising Innovations in the Fintech Industry
                    5.3.3.2 Adoption of Blockchain and AI in the Wealth Management Platform Market
           5.3.4 Challenges
                    5.3.4.1 Lack of Awareness About Wealth Management Solutions and Inadequate Technical Expertise Among Enterprise Professionals
    5.4 Industry Trends
           5.4.1 Use Cases
                    5.4.1.1 Introduction
                    5.4.1.2 Use Case 1: Streamlining Operations With the Wealth Management Platform
                    5.4.1.3 Use Case 2: Generating Up-To-Date Reports in Minimal Time and Enhancing the Customer Relationship
                    5.4.1.4 Use Case 3: Easily Managing Customer Portfolios With the Wealth Management Platform
    5.5 Regulations for the Wealth Management Industry
           5.5.1 Markets in Financial Instruments Directive (MIFID)
           5.5.2 Alternative Investment Fund Managers Directive (AIFMD)
           5.5.3 Foreign Account Tax Compliance Act (FATCA)
           5.5.4 Dodd–Frank Wall Street Reform and Consumer Protection Act
           5.5.5 European Market Infrastructure Regulation (EMIR)
           5.5.6 Anti-Money Laundering Directive 2015/849/EU (AMLD)
    5.6 Innovation Spotlight
           5.6.1 Integration of AI in Wealth Management
           5.6.2 Introduction of Blockchain in Wealth Management Practices

6 Wealth Management Platform Market, By Advisory Model (Page No. - 42)
    6.1 Introduction
    6.2 Human Advisory
    6.3 Robo Advisory
    6.4 Hybrid

7 Market By Business Function (Page No. - 47)
    7.1 Introduction
    7.2 Financial Advice Management
    7.3 Portfolio, Accounting, and Trading Management
    7.4 Performance Management
    7.5 Risk and Compliance Management
    7.6 Reporting
    7.7 Others

8 Market By Deployment Model (Page No. - 55)
    8.1 Introduction
    8.2 On-Premises
    8.3 Cloud

9 Wealth Management Platform Market, By End-User Industry (Page No. - 59)
    9.1 Introduction
    9.2 Banks
    9.3 Investment Management Firms
    9.4 Trading and Exchange Firms
    9.5 Brokerage Firms
    9.6 Others

10 Wealth Management Platform Market, By Region (Page No. - 65)
     10.1 Introduction
     10.2 North America
             10.2.1 By Advisory Model
             10.2.2 By Business Function
             10.2.3 By Deployment Model
             10.2.4 By End-User Industry
             10.2.5 By Country
                        10.2.5.1 United States
                        10.2.5.2 Canada
     10.3 Europe
             10.3.1 By Advisory Model
             10.3.2 By Business Function
             10.3.3 By Deployment Model
             10.3.4 By End-User Industry
             10.3.5 By Country
                        10.3.5.1 Germany
                        10.3.5.2 Italy
                        10.3.5.3 United Kingdom
                        10.3.5.4 Rest of Europe
     10.4 Asia Pacific
             10.4.1 By Advisory Model
             10.4.2 By Business Function
             10.4.3 By Deployment Model
             10.4.4 By End-User Industry
             10.4.5 By Country
                        10.4.5.1 China
                        10.4.5.2 Japan
                        10.4.5.3 India
                        10.4.5.4 Rest of Asia Pacific
     10.5 Latin America
             10.5.1 By Advisory Model
             10.5.2 By Business Function
             10.5.3 By Deployment Model
             10.5.4 By End-User Industry
             10.5.5 By Country
                        10.5.5.1 Brazil
                        10.5.5.2 Mexico
                        10.5.5.3 Rest of Latin America
     10.6 Middle East and Africa
             10.6.1 By Advisory Model
             10.6.2 By Business Function
             10.6.3 By Deployment Model
             10.6.4 By End-User Industry
             10.6.5 By Subregion
                        10.6.5.1 Middle East
                        10.6.5.2 Africa

11 Competitive Landscape (Page No. - 95)
     11.1 Overview
     11.2 Prominent Players in the Wealth Management Platform Market
     11.3 Competitive Scenario
             11.3.1 New Product Launches and Product Upgradations
             11.3.2 Partnerships and Collaborations
             11.3.3 Business Expansions
             11.3.4 Acquisitions

12 Company Profiles (Page No. - 102)
(Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View)*
     12.1 SS&C
     12.2 Fiserv
     12.3 Broadridge
     12.4 FIS
     12.5 Profile Software
     12.6 Temenos
     12.7 SEI Investments Company
     12.8 Investedge
     12.9 Finantix
     12.10 Comarch
     12.11 Objectway
     12.12 Dorsum

*Details on Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 130)
     13.1 Key Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customization
     13.6 Related Reports
     13.7 Author Details


List of Tables (66 Tables)

Table 1 Wealth Management Platform Market Size and Growth Rate, 2015–2022 (USD Million, Y-O-Y %)
Table 2 Market Size By Advisory Model, 2015–2022 (USD Million)
Table 3 Human Advisory: Market Size By Region, 2015–2022 (USD Million)
Table 4 Robo Advisory: Market Size By Region, 2015–2022 (USD Million)
Table 5 Hybrid: Market Size By Region, 2015–2022 (USD Million)
Table 6 Wealth Management Platform Market Size, By Business Function, 2015–2022 (USD Million)
Table 7 Financial Advice Management: Market Size By Region, 2015–2022 (USD Million)
Table 8 Portfolio, Accounting, and Trading Management: Market Size By Region, 2015–2022 (USD Million)
Table 9 Performance Management: Market Size By Region, 2015–2022 (USD Million)
Table 10 Risk and Compliance Management: Market Size By Region, 2015–2022 (USD Million)
Table 11 Reporting: Market Size By Region, 2015–2022 (USD Million)
Table 12 Others: Market Size By Region, 2015–2022 (USD Million)
Table 13 Wealth Management Platform Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 14 On-Premises: Market Size By Region, 2015–2022 (USD Million)
Table 15 Cloud: Market Size By Region, 2015–2022 (USD Million)
Table 16 Wealth Management Platform Market Size, By End-User Industry, 2015–2022 (USD Million)
Table 17 Banks: Market Size By Region, 2015–2022 (USD Million)
Table 18 Investment Management Firms: Market Size By Region, 2015–2022 (USD Million)
Table 19 Trading and Exchange Firms: Market Size By Region, 2015–2022 (USD Million)
Table 20 Brokerage Firms: Market Size By Region, 2015–2022 (USD Million)
Table 21 Others: Market Size By Region, 2015–2022 (USD Million)
Table 22 Wealth Management Platform Market Size, By Region, 2015–2022 (USD Million)
Table 23 North America: Market Size By Advisory Model, 2015–2022 (USD Million)
Table 24 North America: Market Size By Business Function, 2015–2022 (USD Million)
Table 25 North America: Market Size By Deployment Model, 2015–2022 (USD Million)
Table 26 North America: Market Size By End-User Industry, 2015–2022 (USD Million)
Table 27 North America: Market Size By Country, 2015–2022 (USD Million)
Table 28 United States: Market Size By End-User Industry, 2015–2022 (USD Million)
Table 29 Canada: Market Size By End-User Industry, 2015–2022 (USD Million)
Table 30 Europe: Market Size By Advisory Model, 2015–2022 (USD Million)
Table 31 Europe: Market Size By Business Function, 2015–2022 (USD Million)
Table 32 Europe: Market Size By Deployment Model, 2015–2022 (USD Million)
Table 33 Europe: Market Size By End-User Industry, 2015–2022 (USD Million)
Table 34 Europe: Market Size By Country, 2015–2022 (USD Million)
Table 35 Germany: Market Size By End-User Industry, 2015–2022 (USD Million)
Table 36 Italy: Wealth Management Platform Market Size, By End-User Industry, 2015–2022 (USD Million)
Table 37 United Kingdom: Market Size By End-User Industry, 2015–2022 (USD Million)
Table 38 Rest of Europe: Market Size By End-User Industry, 2015–2022 (USD Million)
Table 39 Asia Pacific: Market Size By Advisory Model, 2015–2022 (USD Million)
Table 40 Asia Pacific: Market Size By Business Function, 2015–2022 (USD Million)
Table 41 Asia Pacific: Market Size By Deployment Model, 2015–2022 (USD Million)
Table 42 Asia Pacific: Market Size By End-User Industry, 2015–2022 (USD Million)
Table 43 Asia Pacific: Market Size By Country, 2015–2022 (USD Million)
Table 44 China: Market Size By End-User Industry, 2015–2022 (USD Million)
Table 45 Japan: Market Size By End-User Industry, 2015–2022 (USD Million)
Table 46 India: Market Size By End-User Industry, 2015–2022 (USD Million)
Table 47 Rest of Asia Pacific: Market Size By End-User Industry, 2015–2022 (USD Million)
Table 48 Latin America: Market Size By Advisory Model, 2015–2022 (USD Million)
Table 49 Latin America: Market Size By Business Function, 2015–2022 (USD Million)
Table 50 Latin America: Market Size By Deployment Model, 2015–2022 (USD Million)
Table 51 Latin America: Market Size By End-User Industry, 2015–2022 (USD Million)
Table 52 Latin America: Market Size By Country, 2015–2022 (USD Million)
Table 53 Brazil: Wealth Management Platform Market Size, By End-User Industry, 2015–2022 (USD Million)
Table 54 Mexico: Market Size By End-User Industry, 2015–2022 (USD Million)
Table 55 Rest of Latin America: Market Size By End-User Industry, 2015–2022 (USD Million)
Table 56 Middle East and Africa: Market Size By Advisory Model, 2015–2022 (USD Million)
Table 57 Middle East and Africa: Market Size By Business Function, 2015–2022 (USD Million)
Table 58 Middle East and Africa: Market Size By Deployment Model, 2015–2022 (USD Million)
Table 59 Middle East and Africa: Market Size By End-User Industry, 2015–2022 (USD Million)
Table 60 Middle East and Africa: Market Size By Subregion, 2015–2022 (USD Million)
Table 61 Middle East: Market Size, By End-User Industry, 2015–2022 (USD Million)
Table 62 Africa: Wealth Management Platform Market Size, By End-User Industry, 2015–2022 (USD Million)
Table 63 New Product Launches and Product Upgradations, 2017
Table 64 Partnerships and Collaborations, 2015–2017
Table 65 Business Expansions, 2015–2017
Table 66 Acquisitions, 2015–2017


List of Figures (40 Figures)

Figure 1 Wealth Management Platform Market Segmentation
Figure 2 Regional Scope
Figure 3 Market Research Design
Figure 4 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 5 Data Triangulation
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
Figure 7 Market Size Estimation Methodology: Top-Down Approach
Figure 8 Wealth Management Platform Market: Assumptions
Figure 9 Wealth Management Platform Market is Expected to Witness Significant Growth in the Global Market During the Forecast Period
Figure 10 Market Snapshot By Advisory Model, 2017 vs 2022
Figure 11 Market Snapshot By Business Function, 2017–2022
Figure 12 Market Snapshot By Deployment Model, 2017–2022
Figure 13 Market Snapshot By End-User Industry, 2017–2022
Figure 14 The Wealth Management Platform Market Growth is Driven By the Constant Rise in the Global Hnwi and Implications of AI in the Wealth Management Industry
Figure 15 North America is Estimated to Have the Largest Market Share in 2017
Figure 16 Investment Management Firms End-User Industry, and North America are Estimated to Have the Largest Market Shares in 2017
Figure 17 Asia Pacific is Expected to Enter the Growth Phase During 2017–2022
Figure 18 Wealth Management Platform Market: Drivers, Restraints, Opportunities, and Challenges
Figure 19 Number of High Net Worth Individuals, By Region, 2016
Figure 20 Human Advisory Segment is Expected to Have the Largest Market Size During the Forecast Period
Figure 21 Financial Advice Management Business Function is Expected to Have the Largest Market Size During the Forecast Period
Figure 22 On-Premises Deployment Model is Expected to Have the Larger Market Size During the Forecast Period
Figure 23 Trading and Exchange Firms End-User Industry is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 24 Asia Pacific is Expected to Register the Highest CAGR During the Forecast Period
Figure 25 North America is Expected to Have the Largest Market Size During the Forecast Period
Figure 26 North America: Market Snapshot
Figure 27 Asia Pacific: Market Snapshot
Figure 28 Key Developments By the Leading Players in the Wealth Management Platform Market, 2015–2017
Figure 29 Market Evaluation Framework
Figure 30 SS&C: Company Snapshot
Figure 31 SS&C: SWOT Analysis
Figure 32 Fiserv: Company Snapshot
Figure 33 Fiserv: SWOT Analysis
Figure 34 Broadridge: Company Snapshot
Figure 35 Broadridge: SWOT Analysis
Figure 36 FIS: Company Snapshot
Figure 37 FIS: SWOT Analysis
Figure 38 Profile Software: SWOT Analysis
Figure 39 Temenos: Company Snapshot
Figure 40 SEI Investments Company: Company Snapshot


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TC 6080
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