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