Rapidly aging population, persistent economic volatility, and rising personalization and digital transformation expectations are revolutionizing the North American annuities industry. Amid record-high annuity sales and regulatory momentum, enterprises are investing heavily in modernization, customer engagement, and strategic technology adoption to stay competitive. This report offers a comprehensive view of the evolving annuity market landscape through 2027, grounded in macroeconomic trends, product design shifts, and emerging digital capabilities. We explore how demographic forces such as Peak 65 and increased pension risk transfer activity are driving long-term growth while intensifying the need for innovation and scale. With increasing product complexities, the demand for modular platforms, data integration, AI-driven personalization, and embedded annuity solutions is rising. The convergence of annuities with retirement plans and wealth management platforms is blurring traditional boundaries, ushering in a new era of embedded, outcome-based offerings tailored to diverse personas. This report provides strategic insights into how carriers are modernizing their operations, digitizing distribution, and aligning IT investments with measurable business outcomes. It also highlights how private equity-backed players, advisory channels, and technology providers are reshaping the competitive landscape with flexible platforms and intelligent servicing models.

The wealth management industry is evolving to meet emerging trends and client demands. To manage costs and boost revenue, firms are introducing new products, expanding into new regions, and enhancing advisor platforms to improve productivity and service delivery. AI is a key focus, with investments in AI-driven advisory platforms, predictive analytics, and conversational AI to provide more accurate, timely, and personalized advice. Firms are also leveraging hyper-personalization to tailor recommendations to clients' unique needs. The industry is adapting to the multigenerational wealth transfer as baby boomers pass assets to Gen Z, requiring new strategies to address diverse preferences. Additionally, technology transformation is driving operational efficiency and growth, while demand grows for innovative products such as ESG-focused investments, digital assets, and cryptocurrencies, reflecting changing investor values. This compendium provides detailed, fact-based snapshots of 17 wealth management technology providers. Each profile outlines the provider’s vision, capability, and market impact, helping providers benchmark their capabilities against peers and enabling enterprises to assess the providers based on their desired capabilities. Scope Industry: wealth management Geography: global Contents In this report, we evaluate wealth management technology providers on their: Company overview Recent partnerships and acquisitions Proprietary IP/solutions Market adoption and capabilities Client portfolio mix Key offerings and investments Client success stories Membership(s) Banking Information Technology Sourcing and Vendor Management

The wealth management industry is significantly transforming to meet the complex needs of a diverse client base. By leveraging AI, wealth management firms are enhancing advice accuracy and timeliness through predictive analytics and conversational AI, enabling personalized investment strategies. This report delves into how firms are using AI to foster hyper-personalization and operational efficiency, thus driving cost management and revenue growth. The integration of sustainable and impact-investing solutions, alongside digital assets and cryptocurrencies, reflects shifting investor values and is reshaping wealth management strategies. We comprehensively analyze the wealth management sector's adaptation to multi-generational wealth transfer and technology transformation, featuring the industry's key providers on Everest Group’s PEAK Matrix® framework. In this report, we analyze 17 key providers in the wealth management industry featured on Everest Group’s proprietary PEAK Matrix® framework. Scope Industry: wealth management Geography: global This assessment is based on Everest Group’s annual RFI process for the calendar year 2024, interactions with leading technology providers, client reference checks, and an ongoing analysis of the open banking IT services market Contents In this report, we: Examine key trends in the wealth management industry Position the providers on Everest Group’s proprietary PEAK Matrix® framework as Leaders, Major Contenders, and Aspirants Evaluate the wealth management provider landscape Compare providers’ key strengths and limitations Membership(s) Banking Information Technology Sourcing and Vendor Management

The Asset and Wealth Management (AWM) space is transforming in terms of democratization of services, transfer of generational wealth, and increased demand for hyper-personalized and digital-first services. There is a growing focus on product and experience innovation to meet the rising demand for unconventional asset classes such as digital assets, cryptocurrencies, and ESG-compliant products. This is happening amid the growing need to manage security and compliance challenges. As AWM firms adapt to evolving client, employee, and advisor demands, AWM IT service providers must prepare to collaborate and deliver innovative solutions at speed and scale. These providers are forging partnerships with technology providers and building solutions within AWM to enhance their service capabilities. They are also investing in tools, accelerators, Centers of Excellence (CoEs), and talent to strengthen their AWM offerings. This compendium provides comprehensive and fact-based snapshots of 29 providers featured on the AWM IT Services PEAK Matrix® Assessment 2023. Each profile offers a comprehensive view of the provider’s vision and strategy, practice size and scale, scope of services and solutions offered, investments, partnerships, case studies, and key strengths and limitations. The compendium will enable providers to benchmark their capabilities against their peers, while enterprises will be able to assess the providers based on their desired set of capabilities. Scope Industry: Banking and Financial Services (BFS) Geography: global The assessment is based on Everest Group’s annual RFI process for the calendar year 2023, interactions with leading technology and IT services providers, client reference checks, and an ongoing analysis of AWM in BFS IT services market Contents In this report, we evaluate 29 AWM IT service provider profiles and include: Key trends in the AWM space Classification of 29 AWM IT service providers as Leaders, Major Contenders, and Aspirants on Everest Group’s proprietary PEAK Matrix® framework A summary dashboard on providers’ market impact and vision and capabilities An overview of providers’ AWM IT services business – vision, scope of services offered, delivery footprint, practice size and scale, and presence across enterprise segments and geographies An overview of providers’ AWM IT services investments, key solutions/IP, and partnerships Key AWM IT services case studies Providers’ key strengths and limitations Membership(s) Banking and Financial Services Information Technology Sourcing and Vendor Management

The Asset and Wealth Management (AWM) industry is realizing the democratization of finance, with a growing demand for personalized digital experiences and the emergence of new products such as digital assets and ESG-compliant investments. To adapt to evolving customer preferences and meet regulatory requirements, AWM managers are increasingly adopting Digital Experience Platforms (DXPs) to revamp their operations, streamline costs, enhance data management capabilities, and deliver tailored client experiences. By leveraging DXPs, AWM firms aim to provide advisors a comprehensive, real-time view of data through intuitive dashboards, enabling them to deliver better service. The integration of DXPs empowers asset and wealth managers to optimize their processes, personalize client interactions, and create an enhanced advisor experience. DXP providers are addressing functionality gaps through build, buy, and partnership investments, incorporating emerging technologies into their current product offerings. Additionally, they are establishing a robust partnership ecosystem comprising FinTech point solutions, technology providers, WealthTechs, and consulting and implementation partners to drive commercial and GTM innovations. In this compendium, we provide detailed profiles of 12 leading DXP providers for asset and wealth management in terms of their product vision and capability and market impact. The research will assist buyers in selecting the right-fit technology provider for their needs, while also allowing technology providers to benchmark themselves against each other. Scope Industry: AWM Geography: global Contents This report provides a snapshot of 12 DXP providers’ offerings and capabilities for AWM products and includes the following details: Company overview Recent partnerships and acquisitions Proprietary IP/solutions Market adoption and client portfolio mix Key offerings and investments Client success storiess Providers’ key strengths and limitations Membership(s) Banking and Financial Services Information Technology Sourcing and Vendor Management

The Asset and Wealth Management (AWM) industry is seeing the democratization of finance, growing demand for personalized digital experiences, and the emergence of new products such as digital assets and ESG-compliant investments. To adapt to evolving customer preferences and meet regulatory requirements, AWM managers are increasingly turning to Digital Experience Platforms (DXPs) to revamp their operations, streamline costs, enhance data management capabilities, and deliver tailored client experiences. By leveraging DXPs, AWM firms aim to provide advisors with a comprehensive, real-time view of data through intuitive dashboards, enabling them to deliver better service. The integration of DXPs empowers asset and wealth managers to optimize their processes, personalize client interactions, and create an enhanced advisor experience. DXP providers are plugging the gaps in functionality coverage through build, buy, and partnership investments, along with the infusion of emerging technologies in their current product offerings. They are also establishing a robust partnership ecosystem comprising FinTech point solutions, technology providers, WealthTechs, and consulting and implementation partners to drive commercial and GTM innovations. In this report, we assess 12 leading DXP providers for AWM products and categorize them as Leaders, Major Contenders, and Aspirants. The research will help buyers select the right-fit technology providers for their needs, while technology providers will be able to benchmark themselves against the competition. Scope Industry: Asset and wealth management Geography: global Contents This report examines: Twelve DXP providers for AWM products Key trends in the DXP market for AWM products Key enterprise sourcing considerations (strengths and limitations) for each of the 12 DXP providers evaluated Implications for DXP providers Membership(s) Banking and Financial Services Information Technology Sourcing and Vendor Management

The Asset and Wealth Management (AWM) industry is undergoing multiple shifts, including the democratization of services, emergence of new client segments, the great transfer of generational wealth, and higher demand for hyper-personalized and digital-first services. There is also a growing focus on product and channel innovation to address the rising demand for unconventional asset classes, such as digital assets, cryptocurrency, and ESG-compliant products. Alongside, investors are increasingly adopting new channels such as the metaverse and self-service mediums. These themes are playing out amid the growing need to manage security and compliance challenges, higher fee pressures, and increased competition from non-traditional providers. As AWM firms adapt to changing investor and advisor demands, AWM IT service providers are preparing to offer them innovative solutions/services at speed and scale. IT service providers are investing in partnerships with leading AWM technology providers as well as emerging WealthTechs, building solutions/accelerators/frameworks to support AWM clients in their transformation journeys, investing in CoEs / innovation labs to keep pace with emerging themes such as generative AI use cases in AWM, and developing techno-functional talent. In this report, we study the vision & capability and market impact of 29 AWM IT service providers and position them on Everest Group’s proprietary PEAK Matrix® framework as Leaders, Major Contenders, and Aspirants. Scope Industry: Banking and Financial Services (BFS) Geography: global The assessment is based on Everest Group’s annual RFI process for the calendar year 2023, interactions with leading technology and IT services providers, client reference checks, and an ongoing analysis of the asset and wealth management IT services market Contents In this report, we: Examine key trends in the AWM IT services industry Classify 29 AWM IT service providers as Leaders, Major Contenders, and Aspirants on Everest Group’s proprietary PEAK Matrix®; framework Discuss the IT service providers’ competitive landscape for AWM IT services in BFS Describe the assessed providers’ key strengths and limitations Membership(s) Banking Information Technology Sourcing and Vendor Management

The rise in investor awareness, the emergence of new WealthTechs and FinTechs, global wealth redistribution, and an evolving regulatory landscape are driving a shift in the wealth management business model. This transformation is moving from a traditional reputation-driven approach toward a technology-led advisory model, aligning with evolving customer expectations for hyper-personalization and innovative products. The evolution of this business model will primarily be driven by product and experience innovation, along with technology-led disruptions. Wealth management enterprises are pursuing growth, cost efficiencies, and differentiation strategies, while wealth management technology providers are focusing on wealth technology stack modernization opportunities. Enterprises are increasingly embracing technology-driven interventions and leveraging advanced analytics (such as machine learning, artificial intelligence, natural language processing, and big data), automation, and hyper-personalization to enhance efficiencies and elevate the client experience. In this report, we present Everest Group’s perspective on the wealth management eras and its evolution from persona to person-based personalization for wealth managers, achieved through technology intervention and a reimagining of the business model and customer value creation. Additionally, we analyze the wealth management technology and IT service provider landscape, examine the top benefits that wealth management firms have achieved by utilizing technology platforms, explore the shifting priorities of providers, provide a geography-wise view of the wealth management space, and outline distinct implications for wealth management firms, technology providers, and service providers. Scope Industry: Banking and Financial Services (BFS) Geography: global Contents In this report, we examine: Market trends and evolution of wealth management business model Adoption of platform-based operating models, leveraging data and cloud infrastructure, to drive the evolution of wealth business Wealth management technology and service provider ecosystem Global wealth technology and IT services spend analysis Key implications for wealth management firms, technology providers, and service providers Membership(s) Banking Information Technology Sourcing and Vendor Management

The wealth management industry has massively changed in the past few years due to the democratization of wealth management services, generational wealth transfer, rise of unconventional asset classes, and increased demand for hyper-personalized services. High Net Worth Individual (HNWI) clients are increasingly demanding that innovative products such as cryptocurrency and ESG-compliant sustainable investments to be included in their portfolios. Robo-advisors are also offering personalized advisory services at affordable prices. Technology intervention is driving a shift in wealth management services, with the digital advisory model enabling innovative ways of customer interaction. Wealth management technology providers are developing end-to-end comprehensive solutions to enable exhaustive coverage of the entire value chain. They are also building a strong partnership ecosystem with WealthTechs, FinTechs, and hyperscalers to expand their market reach. Enterprises are acknowledging the changing demand trends and are differentiating themselves by offering innovative products and hyper-personalized services. This compendium provides detailed and fact-based snapshots of 16 wealth management technology providers. Each profile provides a comprehensive picture of the provider’s vision & capability and market impact. The compendium will enable providers to benchmark their capabilities against their peers, while enterprises will be able to assess the providers based on their desired set of capabilities. Scope Industry: wealth management Geography: global Contents In this report, we evaluate wealth management technology providers on their: Company overview Recent partnerships and acquisitions Proprietary IP/solutions Market adoption and capabilities Client portfolio mix Key offerings and investments Client success stories Key strengths and limitations Membership(s) Banking and Financial Services Information Technology Sourcing and Vendor Management

The wealth management industry has massively changed in the past few years due to the democratization of wealth management services, generational wealth transfer, rise of unconventional asset classes, and increased demand for hyper-personalized services. Next-generation investors are increasingly demanding that innovative products such as cryptocurrency and ESG-compliant sustainable investments be included in their portfolios. Robo-advisors are also offering personalized advisory services at affordable prices. Technology intervention is driving a shift in wealth management services, with the digital advisory model enabling innovative ways of customer interaction. Wealth management technology providers are developing end-to-end solutions to serve the entire value chain. They are also building a strong partnership ecosystem with WealthTechs, FinTechs, and hyperscalers to expand their market reach. Wealth managers are acknowledging the changing demand trends and are differentiating themselves by offering innovative products and hyper-personalized services. In this report, we assess 16 wealth management technology providers’ vision & capability and market impact, based on which we categorize them as Leaders, Major Contenders, and Aspirants. The research will help wealth management enterprises select the right-fit technology provider for their needs, while technology providers will be able to benchmark themselves against the competition. Scope Industry: wealth management Geography: global Our assessment is based on Everest Group’s annual RFI process for the calendar year 2022, interactions with leading technology and digital services providers, client reference checks, and an ongoing analysis of the wealth management products market Contents In this report, we: Classify 16 wealth management technology providers as Leaders, Major Contenders, and Aspirants on Everest Group’s proprietary PEAK Matrix®framework Examine key trends in the wealth management space Study the competitive landscape of technology providers for wealth management solutions Look at key enterprise sourcing considerations (strengths and limitations) for each of the 16 technology providers evaluated Membership(s) Banking Information Technology Sourcing and Vendor Management