Wealth Management Platform Market Size By Advisory Mode (Human Advisory, Robo Advisory, Hybrid), By Deployment Model (On-premise, Cloud), By Application (Financial Advice & Management, Portfolio, Accounting, & Trading Management, Performance Management, Risk & Compliance Management, Reporting), By End-use (Banking, Investment Management Firms, Trading & Exchange Firms, Brokerage Firms), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027

Published Date: Jun 2021  |  Report ID: GMI3995  |  Authors: Preeti Wadhwani, Smriti Loomba

Report Format: PDF   |   Pages: 250   |   Base Year: 2020




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Wealth Management Platform Market size exceeded USD 2 billion in 2020 and is projected to grow at over 10% CAGR from 2021 to 2027. Rising shift toward digital investment management solutions across HNWIs is likely to fuel the industry growth. The HNWIs are expecting more control and transparency in wealth management solutions. The wealth management platform enables HNWIs to get more transparency and control on management of their wealth. It also helps customers to strategize their wealth goals more effectively using various analytics tools. The increasing digitalization across investment and banking companies is another factor supporting the market demand.
 

Wealth Management Platform Market

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The recent COVID-19 outbreak has increased the unpredictability of the capital markets. The uncertain economic conditions led to a decrease in demand for wealth management solutions across the globe. Post-COVID-19, the customers are focusing on the innovative wealth management platform than traditional wealth management methods.
 

In Canada, human wealth management advisory services held the largest wealth management platform market share

Canada Wealth Management Platform Market Size, By Advisory Mode

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The human advisory solution in Canada is likely to garner a revenue of more than 300 million by 2027 on account of increased emphasis on human advice for achieving the financial goals across HNWIs. The human advisory is quite popular among HNWIs due to rising security concerns of robo advisory services. The human advisory services add the client relationship aspect that enables clients to more effectively communicate and understand wealth management plans and strategies.
 

Growing adoption of cloud technology is propelling the cloud-based wealth management platforms in the UK

The cloud deployment model in the UK is expected to witness around 10% CAGR through 2027 owing to increasing cloud adoption across the financial sector. The scalability and cost-effectiveness offered by the cloud platform are enabling companies to develop innovative wealth management platforms. For instance, in April 2021, Wealth Dynamix, a UK-based Client Lifecycle Management (CLM) solution provider, launched cloud-based client lifecycle management SaaS solution CLMi for wealth management firms. This new solution helped the wealth management companies to improve their relationship management with customers.
 

In Germany, the portfolio, accounting & trading management to observe significant growth

Germany Wealth Management Platform Market Share, By Application

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In Germany, the portfolio, accounting & trading management segment captured about 20% of the wealth management platform market share in 2020 impelled by increasing demand for improving financial portfolio using various software tools. The increasing demand for wealth management platform to improve the decision regarding portfolio management and trading decisions is driving the market revenue. The wealth managers are using the software platforms to handle the financial data of a number of clients to support them with the most profitable decision-making.
 

Increasing digitalization across the trading & exchange firm in China is augmenting the market outlook

In China, trading & exchange firm is poised to register a growth rate of above 15% during 2021 to 2027 led by growing digitalization across these firms. The trading and exchange firms are using the wealth management platform to manage their multiple clients more effectively. The rising digitalization across the trading firms is enabling the clients to access their trading accounts and understand the progress of their financial portfolio more efficiently.
 

North America dominated the wealth management platform market in 2020

Global Wealth Management Platform Market Size, By Region

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The North America is estimated to generate revenue of more than USD 2 billion by 2027 propelled by increase in the number of HNWIs in the region. The growing digitalization across the financial sector in the country is another factor spurring the regional market revenue. The government authorities in the region have directed their focus on credit seekers to increase financial inclusion of people, augmenting economic growth. Technological advancements are fostering the creation of financial technologies or fintech firms, further enhancing the market demand.
 

Innovative product development is the key strategy adopted by the leading market players

The companies are emphasizing on development of innovative wealth management platforms. For instance, in June 2021, Refinitiv launched Refinitiv Active Investor platform for wealth management firm and trading users. This product launch helped the company to help wealth management companies to optimize their brand identity along with delivering flexible trading platforms. 
 

Some of the wealth management platform market players are Addepar, Inc., Avaloq Group AG, Backbase B.V., Broadridge Financial Solutions, Inc., Comarch SA, Dorsum Limited, Fidelity National Information Services, (FIS) Inc., Fiserv Inc., InvestCloud, Inc., InvestEdge, Inc., Miles Software, ObjectWay, PROFILE SOFTWARE S.A, Prometeia, SEI, SS&C Technologies Holdings, Inc., Refinitiv, RobustWealth, and Temenos AG.
 

This market research report on wealth management platform includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2016 to 2027 for the following segments:

Market, By Advisory Mode

  • Human Advisory
  • Robo Advisory
  • Hybrid

Market, By Deployment Model

  • Cloud
  • On-premise

Market, By Application

  • Financial Advice & Management
  • Portfolio, Accounting, & Trading Management
  • Performance Management
  • Risk & Compliance Management
  • Reporting
  • Others

Market, By End-Use

  • Banking
  • Investment Management Firms
  • Trading & Exchange Firms
  • Brokerage Firms
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia & New Zealand
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
       

Frequently Asked Questions (FAQ) :

Wealth management platform market size was recorded at USD 2 billion in 2020 and should grow at a 10% CAGR over 2021-2027.
Canada human advisory solution industry share could surpass USD 300 million by 2027 led by increased focus on human advisory for achieving financial goals among HNWIs.
Cloud deployment model segment of U.K. market could grow at a 10% CAGR up to 2027 powered by the increasing cloud adoption across the financial sector.
Accounting & trading management applications accounted for about 20% share of Germany wealth management platform industry in 2020.
China wealth management platform market share from trading & exchange firms could expand at a 15% CAGR over 2021-2027 led by growing digitalization across these firms.
The market for wealth management platform in North America could exceed USD 2 billion in terms of annual revenue by 2027.

Premium Report Details

  • Published Date: Jun 2021
  • Pages: 250
  • Tables: 276
  • Charts / Figures: 34
  • Companies covered: 19
  • Countries covered: 18

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