Constant rise in the number of global High Net Worth Individuals (HNWIs) and compliance with stringent industry regulations are expected to drive the wealth management platform market
The constant rise in the number of global HNWIs, compliance with stringent industry regulations and digitalization, and process automation are expected to be the major factors in fueling the growth of the wealth management platform market. However, a higher dependency on the traditional methods is expected to act as a major restraining factor for the growth of the market.
Financial advice management business function is expected to hold the largest market size during the forecast period
Among the business functions, the financial advice management segment is the majorly adopted, as it serves clients with the best financial advice. HNWIs are always in need of securely and properly managing their wealth and financial assets, and hence, they approach the financial advisors. Further, with the advent of the robo advisory and hybrid advisory models, customers have frequently managed to use wealth management platform services, thereby boosting the growth of the financial advice platforms. Investment management firms generally offer passive investments as opposed to that of active management, which is provided by a human adviser.
Asia Pacific (APAC) is projected to grow at the highest rate during the forecast period
The wealth management platform market growth in the APAC region has gained momentum and expected to record the highest rate in the coming years. Japan, Australia, New Zealand, China, and India are using wealth management platforms across end-user industries. The rapid growth of the wealth management platform market in the APAC region can be attributed to the massive growth in the business deals, such as mergers and acquisitions, across the APAC region. Moreover, the rapid expansion of domestic enterprises as well as the higher development of infrastructure is expected to drive the growth of the wealth management platform market in APAC.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people.
The break-up of the profiles of the primary participants is given below:
- By Company: Tier 1: 55%, Tier 2: 20%, and Tier 3: 25%
- By Designation: C-level: 60%, Director level: 25%, and Others: 15%
- By Region: North America: 10%, Europe: 20%, RoW: 30%, and APAC: 40%
The following key vendors are profiled in the report:
- 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)
- Dorsum (Hungary)
Research Coverage
The report has segmented the wealth management platform market based on advisory models, which are further segmented into 3 segments, namely, human advisory, robo advisory, and hybrid. It has then been segmented by business function, which is further fragmented into financial advice management, portfolio, accounting and trading management, performance management, risk and compliance management, reporting, and others (billing and benchmarking). Based on deployment models, the market has been segmented into on-premises and cloud. Further, according to end-user industries, the market has been segmented into banks, investment management firms, trading and exchange firms, brokerage firms, and others (asset management firms, and custody and compliance providers). The market by region has been segmented into North America, Europe, APAC, Latin America, and Middle East and Africa (MEA). Moreover, the regions have further been segmented into various countries. North America comprises the US and Canada; Europe has been fragmented into the UK, Germany, Italy, and the rest of Europe. On the other hand, APAC has been segmented into China, Japan, India, and the rest of APAC; and MEA has been divided into Middle East and Africa. Similarly, Latin America has been divided into Brazil, Mexico, and the rest of Latin America.
Reasons to Buy the Report
The report would help the market leaders/new entrants in this market in the following ways:
- This report segments the wealth management platform market comprehensively and provides the closest approximations of the revenue numbers for the overall market and subsegments across different industry verticals and regions.
- The report helps stakeholders understand the pulse of the market and provides them with information on the key market drivers, restraints, challenges, and opportunities.
- This report would help stakeholders better understand the competitors and gain more insights to enhance their position in the business. The competitive landscape section includes new product launches/developments; partnerships and collaborations; mergers and acquisitions; and expansions.
Table of Contents
1 Introduction
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
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 Assumptions for the Study
2.4 Limitations of the Study
3 Executive Summary
4 Premium Insights
4.1 Attractive Market Opportunities in the Wealth Management Platform Market
4.2 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
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Digitalization and Process Automation Optimizes Wealth Management Practices
5.2.1.2 Constant Rise in Global Hnwis
5.2.1.3 Compliance With Stringent Industry Regulations
5.2.2 Restraints
5.2.2.1 Higher Dependency on Traditional Methods
5.2.3 Opportunities
5.2.3.1 Rising Innovations in the Fintech Industry
5.2.3.2 Adoption of Blockchain and AI in the Wealth Management Platform Market
5.2.4 Challenges
5.2.4.1 Lack of Awareness About Wealth Management Solutions and Inadequate Technical Expertise Among Enterprise Professionals
5.3 Use Cases
5.3.1 Use Case 1: Streamlining Operations With the Wealth Management Platform
5.3.2 Use Case 2: Generating Up-To-Date Reports in Minimal Time and Enhancing the Customer Relationship
5.3.3 Use Case 3: Easily Managing Customer Portfolios With the Wealth Management Platform
5.4 Regulations for the Wealth Management Industry
5.4.1 Markets in Financial Instruments Directive (MIFID)
5.4.2 Alternative Investment Fund Managers Directive (AIFMD)
5.4.3 Foreign Account Tax Compliance Act (FATCA)
5.4.4 Dodd–Frank Wall Street Reform and Consumer Protection Act
5.4.5 European Market Infrastructure Regulation (EMIR)
5.4.6 Anti-Money Laundering Directive 2015/849/Eu (AMLD)
5.5 Innovation Spotlight
5.5.1 Integration of AI in Wealth Management
5.5.2 Introduction of Blockchain in Wealth Management Practices
6 Wealth Management Platform Market By Advisory Model
6.1 Introduction
6.2 Human Advisory
6.3 Robo Advisory
6.4 Hybrid
7 Wealth Management Platform Market By Business Function
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 Wealth Management Platform Market By Deployment Model
8.1 Introduction
8.2 On-Premises
8.3 Cloud
9 Wealth Management Platform Market By End-User Industry
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
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
11.1 Introduction
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
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
13 Appendix
13.1 Key Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Publisher's Subscription Portal
13.4 Available Customization
13.5 Related Reports
13.6 Author Details
List of Tables
Table 1 United States Dollar Exchange Rate, 2014–2016
Table 2 Wealth Management Platform Market: Assumptions
Table 3 Market Size and Growth Rate, 2015–2022 (USD Million, Y-O-Y %)
Table 4 Market Size By Advisory Model, 2015–2022 (USD Million)
Table 5 Human Advisory: Market Size By Region, 2015–2022 (USD Million)
Table 6 Robo Advisory: Market Size By Region, 2015–2022 (USD Million)
Table 7 Hybrid: Market Size By Region, 2015–2022 (USD Million)
Table 8 Wealth Management Platform Market Size, By Business Function, 2015–2022 (USD Million)
Table 9 Financial Advice Management: Market Size By Region, 2015–2022 (USD Million)
Table 10 Portfolio, Accounting, and Trading Management: Market Size By Region, 2015–2022 (USD Million)
Table 11 Performance Management: Market Size By Region, 2015–2022 (USD Million)
Table 12 Risk and Compliance Management: Market Size By Region, 2015–2022 (USD Million)
Table 13 Reporting: Market Size By Region, 2015–2022 (USD Million)
Table 14 Others: Market Size By Region, 2015–2022 (USD Million)
Table 15 Market Size By Deployment Model, 2015–2022 (USD Million)
Table 16 On-Premises: Market Size By Region, 2015–2022 (USD Million)
Table 17 Cloud: Market Size By Region, 2015–2022 (USD Million)
Table 18 Wealth Management Platform Market Size, By End-User Industry, 2015–2022 (USD Million)
Table 19 Banks: Market Size By Region, 2015–2022 (USD Million)
Table 20 Investment Management Firms: Market Size By Region, 2015–2022 (USD Million)
Table 21 Trading and Exchange Firms: Market Size By Region, 2015–2022 (USD Million)
Table 22 Brokerage Firms: Market Size By Region, 2015–2022 (USD Million)
Table 23 Others: Market Size By Region, 2015–2022 (USD Million)
Table 24 Wealth Management Platform Market Size, By Region, 2015–2022 (USD Million)
Table 25 North America: Market Size By Advisory Model, 2015–2022 (USD Million)
Table 26 North America: Market Size By Business Function, 2015–2022 (USD Million)
Table 27 North America: Market Size By Deployment Model, 2015–2022 (USD Million)
Table 28 North America: Market Size By End-User Industry, 2015–2022 (USD Million)
Table 29 North America: Market Size By Country, 2015–2022 (USD Million)
Table 30 United States: Market Size By End-User Industry, 2015–2022 (USD Million)
Table 31 Canada: Wealth Management Platform Market Size, By End-User Industry, 2015–2022 (USD Million)
Table 32 Europe: Market Size By Advisory Model, 2015–2022 (USD Million)
Table 33 Europe: Market Size By Business Function, 2015–2022 (USD Million)
Table 34 Europe: Market Size By Deployment Model, 2015–2022 (USD Million)
Table 35 Europe: Market Size By End-User Industry, 2015–2022 (USD Million)
Table 36 Europe: Market Size By Country, 2015–2022 (USD Million)
Table 37 Germany: Market Size By End-User Industry, 2015–2022 (USD Million)
Table 38 Italy: Wealth Management Platform Market Size, By End-User Industry, 2015–2022 (USD Million)
Table 39 United Kingdom: Market Size By End-User Industry, 2015–2022 (USD Million)
Table 40 Rest of Europe: Market Size By End-User Industry, 2015–2022 (USD Million)
Table 41 Asia Pacific: Market Size By Advisory Model, 2015–2022 (USD Million)
Table 42 Asia Pacific: Market Size By Business Function, 2015–2022 (USD Million)
Table 43 Asia Pacific: Market Size By Deployment Model, 2015–2022 (USD Million)
Table 44 Asia Pacific: Market Size By End-User Industry, 2015–2022 (USD Million)
Table 45 Asia Pacific: Market Size By Country, 2015–2022 (USD Million)
Table 46 China: Wealth Management Platform Market Size, By End-User Industry, 2015–2022 (USD Million)
Table 47 Japan: Market Size By End-User Industry, 2015–2022 (USD Million)
Table 48 India: Market Size By End-User Industry, 2015–2022 (USD Million)
Table 49 Rest of Asia Pacific: Market Size By End-User Industry, 2015–2022 (USD Million)
Table 50 Latin America: Wealth Management Platform Market Size, By Advisory Model, 2015–2022 (USD Million)
Table 51 Latin America: Market Size By Business Function, 2015–2022 (USD Million)
Table 52 Latin America: Market Size By Deployment Model, 2015–2022 (USD Million)
Table 53 Latin America: Market Size By End-User Industry, 2015–2022 (USD Million)
Table 54 Latin America: Market Size By Country, 2015–2022 (USD Million)
Table 55 Brazil: Wealth Management Platform Market Size, By End-User Industry, 2015–2022 (USD Million)
Table 56 Mexico: Market Size By End-User Industry, 2015–2022 (USD Million)
Table 57 Rest of Latin America: Market Size By End-User Industry, 2015–2022 (USD Million)
Table 58 Middle East and Africa: Market Size By Advisory Model, 2015–2022 (USD Million)
Table 59 Middle East and Africa: Market Size By Business Function, 2015–2022 (USD Million)
Table 60 Middle East and Africa: Market Size By Deployment Model, 2015–2022 (USD Million)
Table 61 Middle East and Africa: Market Size By End-User Industry, 2015–2022 (USD Million)
Table 62 Middle East and Africa: Market Size By Subregion, 2015–2022 (USD Million)
Table 63 Middle East: Market Size, By End-User Industry, 2015–2022 (USD Million)
Table 64 Africa: Wealth Management Platform Market Size, By End-User Industry, 2015–2022 (USD Million)
Table 65 New Product Launches and Product Upgradations, 2017
Table 66 Partnerships and Collaborations, 2015–2017
Table 67 Business Expansions, 2015–2017
Table 68 Acquisitions, 2015–2017
List of 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 to Witness Significant Growth in the Global Market During the Forecast Period
Figure 9 Market By Advisory Model, 2017 vs 2022
Figure 10 Market By Business Function, 2017–2022
Figure 11 Market By Deployment Model, 2017–2022
Figure 12 Market By End-User Industry, 2017–2022
Figure 13 Constant Rise in the Global High Net Worth Individual to Drive the Growth of Wealth Management Platform Market
Figure 14 North America to have the Highest Market Share in 2017
Figure 15 Investment Management Firms End-User Industry, and North America to have the Highest Market Shares in 2017
Figure 16 Asia Pacific to Enter the Growth Phase During 2017–2022
Figure 17 Drivers, Restraints, Opportunities, and Challenges: Wealth Management Platform Market
Figure 18 Number of High Net Worth Individuals, By Region, 2016
Figure 19 Human Advisory Segment to have the Largest Market Size During the Forecast Period
Figure 20 Financial Advice Management Business Function to have the Largest Market Size During the Forecast Period
Figure 21 On-Premises Deployment Model to have the Larger Market Size During the Forecast Period
Figure 22 Trading and Exchange Firms End-User Industry to Grow at the Highest CAGR During the Forecast Period
Figure 23 Asia Pacific to Register the Highest CAGR During the Forecast Period
Figure 24 North America to have the Largest Market Size During the Forecast Period
Figure 25 North America: Market Snapshot
Figure 26 Asia Pacific: Market Snapshot
Figure 27 Key Developments By the Leading Players in the Wealth Management Platform Market, 2015–2017
Figure 28 Market Evaluation Framework
Figure 29 SS&C: Company Snapshot
Figure 30 SS&C: SWOT Analysis
Figure 31 Fiserv: Company Snapshot
Figure 32 Fiserv: SWOT Analysis
Figure 33 Broadridge: Company Snapshot
Figure 34 Broadridge: SWOT Analysis
Figure 35 FIS: Company Snapshot
Figure 36 FIS: SWOT Analysis
Figure 37 Profile Software: SWOT Analysis
Figure 38 Temenos: Company Snapshot
Figure 39 SEI Investments Company: Company Snapshot
Samples
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Companies Mentioned
- Broadridge
- Comarch
- Dorsum
- FIS
- Finantix
- Fiserv
- Investedge
- Objectway
- Profile Software
- SEI Investments Company
- SS&C
- Temenos
