The Wealth Management Platform Market size was valued at USD 4.3 billion in 2022 and is expected to grow to USD 12.02 billion by 2030 and grow at a CAGR of 13.72 % over the forecast period of 2023-2030.
A wealth management platform is a comprehensive tool that assists individuals and businesses in managing their financial assets. It provides a range of services, including investment management, financial planning, and portfolio analysis. The platform is designed to help clients achieve their financial goals by providing them with personalized investment advice and guidance. The wealth management platform is an essential tool for individuals and businesses looking to grow their wealth and secure their financial future. It offers a range of features that make it easy to manage investments, track performance, and make informed decisions. With the help of a wealth management platform, clients can access a wide range of investment options, including stocks, bonds, mutual funds, and exchange-traded funds.
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In addition, the wealth management platform also provides financial planning services. The platform helps clients create a comprehensive financial plan that takes into account their unique goals and circumstances. the wealth management platform is an invaluable tool for anyone looking to manage their financial assets effectively. It provides a range of services that help clients achieve their financial goals and secure their financial future. Whether you are an individual investor or a business owner, a wealth management platform can help you make informed investment decisions and achieve long-term financial success.
Drivers
Growing Digitization and Technology Applications to Drive Market Growth
The industry is seeing the adoption of digitalization and process automation that are compliant with business norms, which promises to help the market. Many businesses throughout the world are seeking to accelerate digitization, improve operational efficiency, and strengthen client relationships. As a result, the adoption of financial advising and management solutions in a wide range of end-use industries is expected to accelerate. Wealth management tools may assist organizations in keeping track of transactions and managing their assets more effectively. Blockchain and artificial intelligence (AI) technological advancements are projected to boost market growth over the forecast period. The AI system monitors the customer's expenditure and makes suitable recommendations. The blockchain and AI track client spending, record trends, and make predictions based on that data. Based on these estimates, the system creates advice and provides support to the customer to help them manage their expenditure more effectively. Furthermore, improved security and protection for client data enables organizations to maintain customer interactions, which are some of the major factors expected to drive global market growth.
Restrains
Market growth will be hampered by a lack of awareness and trust.
During the projection period, the market will encounter growth hurdles owing to a lack of knowledge among the target audience about the importance of wealth management and the advantages that market activities have in store for the target audience and potential customers. Furthermore, one of the most crucial factors is to create trust, which potential consumers are taking the time to cultivate and offer vital information.
Opportunities
Advances in financial technology, and automating and improving the delivery of financial services, are likely to contribute to market growth throughout the forecast period.
Challenges
Inappropriate technological expertise among business professionals.
The COVID-19 pandemic is likely to create new development prospects for the industry. Following the pandemic's breakout, a slew of social, political, and economic difficulties has emerged throughout the world. These difficulties affect both businesses and investors. Wealth management trends, on the other hand, are undergoing a paradigm change, with financial advisers increasingly embracing wealth management solutions to handle accounting, estate planning, tax services, investment planning, and retirement planning, hence fueling the market growth. Wealth management organizations are rapidly changing to remote working methods in order to guarantee the health and safety of customers, partners, workers, and other parties, particularly in the aftermath of the pandemic epidemic. The remote-first strategy extends well beyond the financial workforce and emphasizes proper investments in client communications, remote onboarding, and advising models.
The conflict between Russia and Ukraine has had a significant impact on the global economy, including the wealth management industry. Wealth management platforms have been affected by the political instability and economic uncertainty caused by the conflict.
One of the main impacts of the war on wealth management platforms is the increased volatility in the financial markets. The uncertainty surrounding the conflict has led to fluctuations in currency exchange rates, stock prices, and commodity prices. This has made it difficult for wealth managers to make informed investment decisions and has increased the risk of investment losses. Another impact of the conflict on wealth management platforms is the increased regulatory scrutiny. Governments around the world have implemented stricter regulations on financial institutions to prevent money laundering and terrorist financing. Wealth management platforms have had to adapt to these regulations, which has increased their compliance costs and reduced their profitability. Furthermore, the conflict has led to a decrease in foreign investment in Ukraine and Russia. This has reduced the number of investment opportunities available to wealth managers and has made it more difficult for them to diversify their clients' portfolios.
The Impact of Recession
The global recession has had a significant impact on the wealth management platforms market. As the economy has struggled, investors have become more cautious and risk-averse, leading to a decrease in demand for wealth management services. This has resulted in a decline in revenue for many wealth management firms, as well as a shift in the types of services that are in demand. One of the key trends that have emerged in the wake of the recession is a greater focus on cost efficiency. Wealth management firms are under pressure to reduce costs and improve their bottom line, which has led to a greater emphasis on automation and digitalization. This has resulted in the development of new wealth management platforms that are designed to be more efficient and cost-effective. Another trend that has emerged is a greater focus on transparency and accountability. Investors are demanding greater transparency from their wealth managers, particularly in the wake of the financial crisis. This has led to the development of new reporting and monitoring tools that allow investors to track their investments more closely and hold their wealth managers accountable for their performance.
The Wealth Management Platform Market is segmented into four types on the basis of By advisory mode, By Organization Size, By Application, By Deployment, and By End-use.
By Advisory Mode:
Human Advisory
Robo Advisory
Hybrid
By organization Size:
Large Enterprises
Small & Medium Enterprises
By Application:
Financial Advice & Management
Portfolio, Accounting, & Trading Management
Performance Management
Risk & Compliance Management
Reporting
Others
By Deployment:
Cloud
On-premise
By End-use:
Banks
Investment Management Firms
Trading & Exchange Firms
Brokerage Firms
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North America led the market in 2022, accounting the more revenue. The region's HNWI population is steadily increasing. Some of the major market participants are also based in North America. Another element boosting regional market growth is the rising digitization of the banking sector in various North American countries. In the period forecast, the Asia Pacific region is to be the fastest-growing regional market. Because of the increased acceptance of digital platforms, the area often provides potential development possibilities for robo-advisers. The mix of creative data and powerful algorithms is pushing tech-savvy clients to use robo-advisory solutions to satisfy their investing needs more effectively. Furthermore, the growing number of SMEs in emerging economies such as China and India is likely to generate market development possibilities.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
South Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The major players in the market are Profile Software, Comarch SA, Fiserv, Inc., Fidelity National Information Services, Inc., Temenos Headquarters SA, Dorsum Ltd., Finantix, Objectway S.p.A., Avaloq Group AG, SEI Investments Company, SS&C Technologies Holdings, Inc., and others in the final report.
Avaloq launched a new core-independent, stand-alone digital asset management solution in July 2020. Avaloq intends to launch two further independent platforms in order to deliver cost-effective end-to-end digital solutions with a level of simplicity that will pave the way for wealth management accessibility.
| Report Attributes | Details |
| Market Size in 2022 | US$ 4.3 Bn |
| Market Size by 2030 | US$ 12.02 Bn |
| CAGR | CAGR of 13.72 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Advisory Mode (Human Advisory, Robo Advisory, Hybrid) • By Organization Size (Large Enterprises, Small & Medium Enterprises) • By Application (Financial Advice & Management, Portfolio, Accounting, & Trading Management, Performance Management, Risk & Compliance Management, Reporting, Others) • By Deployment (Cloud, On-premise) • By End-use (Banks, Investment Management Firms, Trading & Exchange Firms, Brokerage Firms) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Profile Software, Comarch SA, Fiserv, Inc., Fidelity National Information Services, Inc., Temenos Headquarters SA, Dorsum Ltd., Finantix, Objectway S.p.A., Avaloq Group AG, SEI Investments Company, SS&C Technologies Holdings, Inc. |
| Key Drivers | • Growing Digitization and Technology Applications to Drive Market Growth |
| Market Opportunities | • Advances in financial technology, and automating and improving the delivery of financial services, are likely to contribute to market growth throughout the forecast period. |
The CAGR of the Wealth Management Platform Market for the forecast period 2022-2030 is 13.72 %.
The Wealth Management Platform Market size was valued at USD 4.3 billion in 2022.
The major players in the market are Profile Software, Comarch SA, Fiserv, Inc., Fidelity National Information Services, Inc., Temenos Headquarters SA, Dorsum Ltd., Finantix, Objectway S.p.A., Avaloq Group AG, SEI Investments Company, SS&C Technologies Holdings, Inc., and others in the final report.
Market growth will be hampered by a lack of awareness and trust.
The forecast period for the Wealth Management Platform Market is 2022-2030.
Table of Contents
1.Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Russia-Ukraine War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Wealth Management Platform Market Segmentation, By Advisory Mode
8.1 Human Advisory
8.2 Robo Advisory
8.3 Hybrid
9. Wealth Management Platform Market Segmentation, By Organization Size
9.1 Large Enterprises
9.2 Small & Medium Enterprises
10. Wealth Management Platform Market Segmentation, By Application
10.1 Financial Advice & Management
10.2 Portfolio, Accounting, & Trading Management
10.3 Performance Management
10.4 Risk & Compliance Management
10.5 Reporting
10.6 Others
11. Wealth Management Platform Market Segmentation, By Deployment
11.1 Cloud
11.2 On-premise
12. Wealth Management Platform Market Segmentation, By End-use
12.1 Banks
12.2 Investment Management Firms
12.3 Trading & Exchange Firms
12.4 Brokerage Firms
13.Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 North America Wealth Management Platform Market by Country
13.2.2North America Wealth Management Platform Market By Advisory Mode
13.2.3 North America Wealth Management Platform Market By Organization Size
13.2.4 North America Wealth Management Platform Market By Application
13.2.5 North America Wealth Management Platform Market By Deployment
13.2.6 North America Wealth Management Platform Market By End-use
13.2.7 USA
13.2.7.1 USA Wealth Management Platform Market By Advisory Mode
13.2.7.2 USA Wealth Management Platform Market By Organization Size
13.2.7.3 USA Wealth Management Platform Market By Application
13.2.7.4 USA Wealth Management Platform Market By Deployment
13.2.7.5 USA Wealth Management Platform Market By End-use
13.2.8 Canada
13.2.8.1 Canada Wealth Management Platform Market By Advisory Mode
13.2.8.2 Canada Wealth Management Platform Market By Organization Size
13.2.8.3 Canada Wealth Management Platform Market By Application
13.2.8.4 Canada Wealth Management Platform Market By Deployment
13.2.8.5 Canada Wealth Management Platform Market By End-use
13.2.9 Mexico
13.2.9.1 Mexico Wealth Management Platform Market By Advisory Mode
13.2.9.2 Mexico Wealth Management Platform Market By Organization Size
13.2.9.3 Mexico Wealth Management Platform Market By Application
13.2.9.4 Mexico Wealth Management Platform Market By Deployment
13.2.9.5 Mexico Wealth Management Platform Market By End-use
13.3 Europe
13.3.1 Europe Wealth Management Platform Market by country
13.3.2 Europe Wealth Management Platform Market By Advisory Mode
13.3.3 Europe Wealth Management Platform Market By Organization Size
13.3.4 Europe Wealth Management Platform Market By Application
13.3.5 Europe Wealth Management Platform Market By Deployment
13.3.6 Europe Wealth Management Platform Market By End-use
13.3.7 Germany
13.3.7.1 Germany Wealth Management Platform Market By Advisory Mode
13.3.7.2 Germany Wealth Management Platform Market By Organization Size
13.3.7.3 Germany Wealth Management Platform Market By Application
13.3.7.4 Germany Wealth Management Platform Market By Deployment
13.3.7.5 Germany Wealth Management Platform Market By End-use
13.3.8 UK
13.3.8.1 UK Wealth Management Platform Market By Advisory Mode
13.3.8.2 UK Wealth Management Platform Market By Organization Size
13.3.8.3 UK Wealth Management Platform Market By Application
13.3.8.4 UK Wealth Management Platform Market By Deployment
13.3.8.5 UK Wealth Management Platform Market By End-use
13.3.9 France
13.3.9.1 France Wealth Management Platform Market By Advisory Mode
13.3.9.2 France Wealth Management Platform Market By Organization Size
13.3.9.3 France Wealth Management Platform Market By Application
13.3.9.4 France Wealth Management Platform Market By Deployment
13.3.9.5 France Wealth Management Platform Market By End-use
13.3.10 Italy
13.3.10.1 Italy Wealth Management Platform Market By Advisory Mode
13.3.10.2 Italy Wealth Management Platform Market By Organization Size
13.3.10.3 Italy Wealth Management Platform Market By Application
13.3.10.4 Italy Wealth Management Platform Market By Deployment
13.3.10.5 Italy Wealth Management Platform Market By End-use
13.3.11 Spain
13.3.11.1 Spain Wealth Management Platform Market By Advisory Mode
13.3.11.2 Spain Wealth Management Platform Market By Organization Size
13.3.11.3 Spain Wealth Management Platform Market By Application
13.3.11.4 Spain Wealth Management Platform Market By Deployment
13.3.11.5 Spain Wealth Management Platform Market By End-use
13.3.12 The Netherlands
13.3.12.1 Netherlands Wealth Management Platform Market By Advisory Mode
13.3.12.2 Netherlands Wealth Management Platform Market By Organization Size
13.3.12.3 Netherlands Wealth Management Platform Market By Application
13.3.12.4 Netherlands Wealth Management Platform Market By Deployment
13.3.12.5 Netherlands Wealth Management Platform Market By End-use
13.3.13 Rest of Europe
13.3.13.1 Rest of Europe Wealth Management Platform Market By Advisory Mode
13.3.13.2 Rest of Europe Wealth Management Platform Market By Organization Size
13.3.13.3 Rest of Europe Wealth Management Platform Market By Application
13.3.13.4 Rest of Europe Wealth Management Platform Market By Deployment
13.3.13.5 Rest of Europe Wealth Management Platform Market By End-use
13.4 Asia-Pacific
13.4.1 Asia Pacific Wealth Management Platform Market by country
13.4.2 Asia Pacific Wealth Management Platform Market By Advisory Mode
13.4.3 Asia Pacific Wealth Management Platform Market By Organization Size
13.4.4 Asia Pacific Wealth Management Platform Market By Application
13.4.5 Asia Pacific Wealth Management Platform Market By Deployment
13.4.6 Asia Pacific Wealth Management Platform Market By End-use
13.4.7 Japan
13.4.7.1 Japan Wealth Management Platform Market By Advisory Mode
13.4.7.2 Japan Wealth Management Platform Market By Organization Size
13.4.7.3 Japan Wealth Management Platform Market By Application
13.4.7.4 Japan Wealth Management Platform Market By Deployment
13.4.7. 5Japan Wealth Management Platform Market By End-use
13.4.8 South Korea
13.4.8.1 South Korea Wealth Management Platform Market By Advisory Mode
13.4.8.2 South Korea Wealth Management Platform Market By Organization Size
13.4.8.3 South Korea Wealth Management Platform Market By Application
13.4.8.4 South Korea Wealth Management Platform Market By Deployment
13.4.8.5 South Korea Wealth Management Platform Market By End-use
13.4.9 China
13.4.9.1 China Wealth Management Platform Market By Advisory Mode
13.4.9.2 China Wealth Management Platform Market By Organization Size
13.4.9.3 China Wealth Management Platform Market By Application
13.4.9.4 China Wealth Management Platform Market By Deployment
13.4.9.5 China Wealth Management Platform Market By End-use
13.4.10 India
13.4.10.1 India Wealth Management Platform Market By Advisory Mode
13.4.10.2 India Wealth Management Platform Market By Organization Size
13.4.10.3 India Wealth Management Platform Market By Application
13.4.10.4 India Wealth Management Platform Market By Deployment
13.4.10.5 India Wealth Management Platform Market By End-use
13.4.11 Australia
13.4.11.1 Australia Wealth Management Platform Market By Advisory Mode
13.4.11.2 Australia Wealth Management Platform Market By Organization Size
13.4.11.3 Australia Wealth Management Platform Market By Application
13.4.11.4 Australia Wealth Management Platform Market By Deployment
13.4.11.5 Australia Wealth Management Platform Market By End-use
13.4.12 Rest of Asia-Pacific
13.4.12.1 APAC Wealth Management Platform Market By Advisory Mode
13.4.12.2 APAC Wealth Management Platform Market By Organization Size
13.4.12.3 APAC Wealth Management Platform Market By Application
13.4.12.4 APAC Wealth Management Platform Market By Deployment
13.4.12.5 APAC Wealth Management Platform Market By End-use
13.5 The Middle East & Africa
13.5.1 The Middle East & Africa Wealth Management Platform Market by country
13.5.2 The Middle East & Africa Wealth Management Platform Market By Advisory Mode
13.5.3 The Middle East & Africa Wealth Management Platform Market By Organization Size
13.5.4 The Middle East & Africa Wealth Management Platform Market By Application
13.5.5 The Middle East & Africa Wealth Management Platform Market By Deployment
13.5.6 The Middle East & Africa Wealth Management Platform Market By End-use
13.5.7 Israel
13.5.7.1 Israel Wealth Management Platform Market By Advisory Mode
13.5.7.2 Israel Wealth Management Platform Market By Organization Size
13.5.7.3 Israel Wealth Management Platform Market By Application
13.5.7.4 Israel Wealth Management Platform Market By Deployment
13.5.7.5 Israel Wealth Management Platform Market By End-use
13.5.8 UAE
13.5.8.1 UAE Wealth Management Platform Market By Advisory Mode
13.5.8.2 UAE Wealth Management Platform Market By Organization Size
13.5.8.3 UAE Wealth Management Platform Market By Application
13.5.8.4 UAE Wealth Management Platform Market By Deployment
13.5.8.5 UAE Wealth Management Platform Market By End-use
13.5.9 South Africa
13.5.9.1 South Africa Wealth Management Platform Market By Advisory Mode
13.5.9.2 South Africa Wealth Management Platform Market By Organization Size
13.5.9.3 South Africa Wealth Management Platform Market By Application
13.5.9.4 South Africa Wealth Management Platform Market By Deployment
13.5.9.5 South Africa Wealth Management Platform Market By End-use
13.5.10 Rest of Middle East & Africa
13.5.10.1 Rest of Middle East & Asia Wealth Management Platform Market By Advisory Mode
13.5.10.2 Rest of Middle East & Asia Wealth Management Platform Market By Organization Size
13.5.10.3 Rest of Middle East & Asia Wealth Management Platform Market By Application
13.5.10.4 Rest of Middle East & Asia Wealth Management Platform Market By Deployment
13.5.10.5 Rest of Middle East & Asia Wealth Management Platform Market By End-use
13.6 Latin America
13.6.1 Latin America Wealth Management Platform Market by Country
13.6.2 Latin America Wealth Management Platform Market By Advisory Mode
13.6.3 Latin America Wealth Management Platform Market By Organization Size
13.6.4 Latin America Wealth Management Platform Market By Application
13.6.5 Latin America Wealth Management Platform Market By Deployment
13.6.6 Latin America Wealth Management Platform Market By End-use
13.6.7 Brazil
13.6.7.1 Brazil Wealth Management Platform Market By Advisory Mode
13.6.7.2 Brazil Africa Wealth Management Platform Market By Organization Size
13.6.7.3 Brazil Wealth Management Platform Market By Application
13.6.7.4 Brazil Wealth Management Platform Market By Deployment
13.6.7.5 Brazil Wealth Management Platform Market By End-use
13.6.8 Argentina
13.6.8.1 Argentina Wealth Management Platform Market By Advisory Mode
13.6.8.2 Argentina Wealth Management Platform Market By Organization Size
13.6.8.3 Argentina Wealth Management Platform Market By Application
13.6.8.4 Argentina Wealth Management Platform Market By Deployment
13.6.8.5 Argentina Wealth Management Platform Market By End-use
13.6.9 Rest of Latin America
13.6.9.1 Rest of Latin America Wealth Management Platform Market By Advisory Mode
13.6.9.2 Rest of Latin America Wealth Management Platform Market By Organization Size
13.6.9.3 Rest of Latin America Wealth Management Platform Market By Application
13.6.9.4 Rest of Latin America Wealth Management Platform Market By Deployment
13.6.9.5 Rest of Latin America Wealth Management Platform Market By End-use
14. Company Profile
14.1 Comarch SA.
14.1.1 Market Overview
14.1.2 Financials
14.1.3 Product/Services/Offerings
14.1.4 SWOT Analysis
14.1.5 The SNS View
14.2 Fiserv, Inc.
14.2.1 Market Overview
14.2.2 Financials
14.2.3 Product/Services/Offerings
14.2.4 SWOT Analysis
14.2.5 The SNS View
14.3 Fidelity National Information Services, Inc.
14.3.1 Market Overview
14.3.2 Financials
14.3.3 Product/Services/Offerings
14.3.4 SWOT Analysis
14.3.5 The SNS View
14.4 Temenos Headquarters SA.
14.4.1 Market Overview
14.4.2 Financials
14.4.3 Product/Services/Offerings
14.4.4 SWOT Analysis
14.4.5 The SNS View
14.5 Dorsum Ltd.
14.5.1 Market Overview
14.5.2 Financials
14.5.3 Product/Services/Offerings
14.5.4 SWOT Analysis
14.5.5 The SNS View
14.6 Finantix.
14.6.1 Market Overview
14.6.2 Financials
14.6.3 Product/Services/Offerings
14.6.4 SWOT Analysis
14.6.5 The SNS View
14.7 Objectway S.p.A.
14.7.1 Market Overview
14.7.2 Financials
14.7.3 Product/Services/Offerings
14.7.4 SWOT Analysis
14.7.5 The SNS View
14.8 Avaloq Group AG.
14.8.1 Market Overview
14.8.2 Financials
14.8.3 Product/Services/Offerings
14.8.4 SWOT Analysis
14.8.5 The SNS View
14.9 SEI Investments Company.
14.9.1 Market Overview
14.9.2 Financials
14.9.3 Product/Services/Offerings
14.9.4 SWOT Analysis
14.9.5 The SNS View
14.10 SS&C Technologies Holdings, Inc.
14.10.1 Market Overview
14.10.2 Financials
14.10.3 Product/Services/Offerings
14.10.4 SWOT Analysis
14.10.5 The SNS View
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share Analysis
15.3 Recent Developments
16. USE Cases and Best Practices
17. Conclusion
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