Please Wait.....
Report
Wealth Management Platform Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032
Market Report I 2024-09-09 I 250 Pages I Global Market Insights
The Global Wealth Management Platform Market was valued at USD 3.7 billion in 2023 and is projected to grow at a CAGR of over 13% from 2024 to 2032. The financial sector's increasing shift towards digital solutions has heightened the demand for sophisticated wealth management platforms. These platforms not only offer seamless access to investment portfolios and real-time financial data but also feature automated services, such as robo-advisors. Clients increasingly seek user-friendly, personalized interfaces that ensure secure online access for managing their wealth.
For example, in April 2024, Avenir, a wealth management fintech, secured $500,000 in a pre-seed round. The funds will be used to develop software that evaluates businesses based on sustainability.
Artificial intelligence (AI) is transforming wealth management platforms by streamlining advisory services and refining decision-making processes. AI-driven robo-advisors offer tailored investment suggestions, manage portfolios, and assess risks, all at a reduced cost. Leveraging predictive analytics, these platforms customize strategies to align with the financial aspirations and risk appetites of individual clients. This evolution is broadening the accessibility of wealth management, particularly for the younger, tech-oriented demographic, while allowing firms to scale their offerings. Furthermore, AI is boosting efficiency in compliance monitoring and fraud detection.
The overall industry is divided into advisory mode, deployment model, application, end-use, and region.
The market segments based on advisory mode include human advisory, robo advisory, and hybrid. In 2023, human advisory claimed over 61% of the market share, attributed to its capacity for personalized, relationship-centric services that surpass digital platform offerings. High-net-worth individuals frequently gravitate towards the bespoke financial strategies provided by human advisors, adeptly addressing intricate needs like estate planning, tax optimization, and generational wealth transfer.
Applications of wealth management platforms span financial advice & management, portfolio, accounting, & trading management, performance management, risk & compliance management, and reporting. In 2023, the portfolio, accounting, & trading management segment held approximately 25% of the market share, underscoring its core role in the investment process and the demand for advanced, automated solutions.
North America led the global wealth management platform market, capturing a substantial 36% share in 2023. Several factors contribute to the region's dominance like a high concentration of wealth, a sophisticated financial infrastructure, and a robust embrace of digital technologies. The U.S., with its significant population of high-net-worth and ultra-high-net-worth individuals, naturally fuels the demand for advanced wealth management services. Moreover, the region's established financial services sector, bolstered by regulatory support for innovation, fosters an environment ripe for the evolution and adoption of cutting-edge wealth management platforms.
Report Content
Chapter 1 Methodology & Scope
1.1 Research design
1.1.1 Research approach
1.1.2 Data collection methods
1.2 Base estimates & calculations
1.2.1 Base year calculation
1.2.2 Key trends for market estimation
1.3 Forecast model
1.4 Primary research and validation
1.4.1 Primary sources
1.4.2 Data mining sources
1.5 Market definition
Chapter 2 Executive Summary
2.1 Industry 360 synopsis, 2021 - 2032
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.2 Supplier landscape
3.2.1 Wealth Management Firms
3.2.2 Technology Providers
3.2.3 Fintech Companies
3.2.4 Integration Partners
3.2.5 Service Providers
3.2.6 End-user
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Key news & initiatives
3.7 Regulatory landscape
3.8 Impact forces
3.8.1 Growth drivers
3.8.1.1 Growing digitization and technological advancements
3.8.1.2 Integration of ESG and sustainable investing
3.8.1.3 Rising client expectations and personalization
3.8.1.4 Stringent regulatory compliance and transparency
3.8.2 Industry pitfalls & challenges
3.8.2.1 Data security and privacy concern
3.8.2.2 Integration with legacy systems
3.9 Growth potential analysis
3.10 Porter's analysis
3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
4.1 Introduction
4.2 Company market share
4.3 Competitive analysis of major market players
4.4 Competitive positioning matrix
4.5 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Advisory, 2021-2032 ($Bn)
5.1 Key trends
5.2 Human advisory
5.3 Robo advisory
5.4 Hybrid
Chapter 6 Market Estimates & Forecast, By Deployment Model, 2021-2032 ($Bn)
6.1 Key trends
6.2 On-premises
6.3 Cloud
Chapter 7 Market Estimates & Forecast, By Application, 2021-2032 ($Bn)
7.1 Key trends
7.2 Financial advice & management
7.3 Portfolio, accounting, & trading management
7.4 Performance management
7.5 Risk & compliance management
7.6 Reporting
7.7 Others
Chapter 8 Market Estimates & Forecast, By End-use, 2021-2032 ($Bn)
8.1 Key trends
8.2 Banking
8.3 Investment management firms
8.4 Trading & exchange firms
8.5 Brokerage firms
8.6 Others
Chapter 9 Market Estimates & Forecast, By Region, 2021-2032 ($Bn)
9.1 Key trends
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.3 Europe
9.3.1 UK
9.3.2 Germany
9.3.3 France
9.3.4 Italy
9.3.5 Spain
9.3.6 Russia
9.3.7 Nordics
9.3.8 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 India
9.4.3 Japan
9.4.4 South Korea
9.4.5 Australia
9.4.6 Southeast Asia
9.4.7 Rest of Asia Pacific
9.5 Latin America
9.5.1 Brazil
9.5.2 Mexico
9.5.3 Argentina
9.5.4 Rest of Latin America
9.6 MEA
9.6.1 South Africa
9.6.2 Saudi Arabia
9.6.3 UAE
9.6.4 Rest of MEA
Chapter 10 Company Profiles
10.1 SS&C TECHNOLOGIES HOLDINGS, INC.
10.2 Fiserv Inc.
10.3 FIS Global
10.4 Broadridge
10.5 Profile Software
10.6 InvestEdge
10.7 Temenos
10.8 InvestCloud
10.9 SEI
10.10 Comarch
10.11 Objectway
10.12 Dorsum ltd
10.13 Avaloq
10.14 Prometeia
10.15 Backbase
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security