Global Wealth Management Platform Market Size By Advisory Model (Human Advisory, Robo Advisory), By Business Function (Financial Advice Management, Portfolio), By End-User Industry (Banks, Investment Management Firms), By Geographic Scope And Forecast
Report ID: 55149|No. of Pages: 202
Global Wealth Management Platform Market Size By Advisory Model (Human Advisory, Robo Advisory), By Business Function (Financial Advice Management, Portfolio), By End-User Industry (Banks, Investment Management Firms), By Geographic Scope And Forecast
Wealth Management Platform Market Size And Forecast
Wealth Management Platform Market size was valued at USD 3.47 Billion in 2024 and is projected to reach USD 9.6 Billion by 2031, growing at a CAGR of 13.55% from 2024 to 2031.
- A Wealth Management Platform is a comprehensive digital solution designed to assist financial advisors and their clients in managing investments, financial planning, and overall wealth strategies.
- It typically integrates various services, including portfolio management, risk assessment, financial reporting, and client relationship management, all within a user-friendly interface. By centralizing data and automating processes, these platforms enhance efficiency and improve client engagement.
- In practice, wealth management platforms facilitate personalized investment strategies tailored to individual client goals and risk tolerances. They often leverage advanced analytics and artificial intelligence to provide insights into market trends, enabling advisors to make informed decisions.
- Clients benefit from real-time access to their portfolios, financial plans, and educational resources, fostering a more interactive and transparent advisory relationship.
Global Wealth Management Platform Market Dynamics
The key market dynamics that are shaping the global wealth management platform market include:
Key Market Drivers
- Increasing Demand for Personalization: The wealth management platform market is witnessing growing demand for personalized financial services. As clients seek tailored investment strategies, firms are adopting innovative solutions to enhance engagement. According to a 2023 Capgemini World Wealth Report, 74% of high-net-worth individuals (HNWIs) reported interest in personalized services and products.
- Growing Digital Transformation: Rising digital transformation in the financial sector is fueling the adoption of advanced technologies. Wealth management firms are leveraging automation and AI to boost operational efficiency and improve client experiences. A 2023 PwC survey revealed that 65% of wealth management firms increased their digital transformation budgets compared to the previous year.
- Expanding High-Net-Worth Population: The increasing number of high-net-worth individuals worldwide is driving market expansion. As wealth accumulates, there is a stronger demand for sophisticated management solutions to address diverse investment needs. According to Credit Suisse Global Wealth Report 2024, the total wealth held by HNWIs increased by 8.4% in 2023, surpassing $84 trillion.
- Rising Focus on Sustainable Investing: The growing focus on sustainable investing is shaping the Wealth Management Platform market. As clients become more environmentally conscious, platforms offering ESG options are experiencing rising popularity. A 2024 Morgan Stanley survey found that 85% of individual investors were interested in sustainable investing, up from 71% in 2021.
Key Challenges:
- Growing Regulatory Challenges: As wealth management platforms expand, they face increasing scrutiny from regulatory bodies. Compliance with evolving regulations can impose significant operational costs and complexities.
- Rising Competition: The market is witnessing a growing influx of new entrants and fintech solutions. This rising competition can pressure established firms to innovate continuously or risk losing market share.
- Increasing Customer Expectations: With the rise of digital solutions, customers are demanding more personalized and seamless experiences. Meeting these increasing expectations requires constant adaptation and investment in technology.
- Growing Cybersecurity Threats: As platforms digitize their services, they face rising cybersecurity risks. Protecting sensitive financial data from increasing threats is a critical challenge for wealth management firms.
Key Trends
- Growing Adoption of AI and Automation: Wealth management platforms are experiencing a growing integration of AI and automation technologies. This trend enhances efficiency and provides clients with tailored investment strategies through data-driven insights. For instance, in March 2024, Charles Schwab announced the integration of an advanced AI-powered predictive analytics tool into its wealth management platform, aiming to provide more accurate portfolio forecasting and risk assessment.
- Rising Demand for ESG Investments: There is a rising demand among investors for environmental, social, and governance (ESG) considerations in their portfolios. Wealth management platforms are increasingly incorporating ESG metrics to attract socially conscious clients. A 2024 CFA Institute survey found that 85% of investment professionals now use ESG factors in their investment analysis, up from 73% in 2022.
- Increasing Use of Digital Tools: The wealth management sector is seeing an increasing shift towards digital tools and mobile applications. This trend caters to tech-savvy clients who prefer seamless online access to their investment portfolios. A 2024 J.D. Power study revealed that 71% of wealth management clients now prefer to interact with their advisors through digital channels, up from 60% in 2022.
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Global Wealth Management Platform Market Regional Analysis
Here is a more detailed regional analysis of the global wealth management platform market:
North America
- North America has established itself as the dominant force in the wealth management platform market, driven by the region’s robust financial infrastructure and tech-savvy population.
- The United States, in particular, has seen a surge in demand for digital wealth management solutions, with the Securities and Exchange Commission reporting that as of 2023, over 60% of US investors use at least one digital platform for managing their finances. This trend has been further accelerated by the COVID-19 pandemic, which prompted a shift towards remote financial services and digital-first solutions.
- The region’s market leadership is bolstered by the presence of major financial institutions and innovative fintech startups that continually push the boundaries of wealth management technology. According to Statistics Canada, the adoption rate of digital wealth management tools among Canadian households increased by 27% between 2019 and 2023, indicating a growing appetite for these platforms across North America. This rapid adoption has led to fierce competition among key players, driving innovation and improving the overall quality of services offered to clients.
Asia Pacific
- The Asia Pacific region is experiencing rapid growth in the Wealth Management Platform Market, driven by increasing digitalization, rising affluence, and a growing middle class across countries like China, India, and Southeast Asian nations. This surge is particularly noticeable in emerging economies, where digital adoption is leapfrogging traditional financial services.
- According to the Monetary Authority of Singapore, the assets under management (AUM) in Singapore grew by 17% in 2023, reaching SGD 5.4 trillion, with a significant portion attributed to digital wealth management platforms.
- The market’s expansion is further fueled by favorable government policies promoting fintech innovation and financial inclusion. In countries like Japan and South Korea, established financial institutions are partnering with tech companies to modernize their wealth management offerings.
- The China Banking and Insurance Regulatory Commission reported that the number of registered users on digital wealth management platforms in China increased by 35% between 2022 and 2024, highlighting the region’s massive potential for growth.
Global Wealth Management Platform Market: Segmentation Analysis
The Global Wealth Management Platform Market is segmented based on Advisory Model, Business Function, End-User Industry, And Geography.
Wealth Management Platform Market, By Advisory Model
- Human Advisory
- Robo Advisory
Based on Advisory Model, the Global Wealth Management Platform Market is bifurcated into Human Advisory, Robo Advisory. In the Wealth Management Platform Market, the human advisory model currently dominates, as many clients still prefer personalized interactions and tailored financial guidance from experienced advisors. However, the robo-advisory segment is rapidly growing, driven by advancements in technology and a rising demand for cost-effective, automated investment solutions. As younger investors seek convenience and accessibility, robo-advisors are increasingly appealing, suggesting a significant shift in the advisory landscape.
Wealth Management Platform Market, By Business Function
- Financial Advice Management
- Portfolio
- Accounting & Trading Management
Based on Business Function, the Global Wealth Management Platform Market is bifurcated into Financial Advice Management, Portfolio, and Accounting & Trading Management. In the Wealth Management Platform Market, the portfolio management segment currently dominates due to its critical role in helping clients optimize their investment strategies and performance. However, financial advice management is rapidly growing, driven by the increasing emphasis on personalized financial planning and advisory services. As clients seek more tailored solutions, the demand for advanced tools in financial advice management is expected to accelerate, shaping the future of wealth management.
Wealth Management Platform Market, By End-User Industry
- Banks
- Investment Management Firms
- Trading & Exchange Firms
Based on End-User Industry, the Global Wealth Management Platform Market is bifurcated into Banks, Investment Management Firms, and Trading & Exchange Firms. In the Wealth Management Platform Market, banks currently dominate the segment due to their extensive customer bases and established trust in providing financial services. However, investment management firms are experiencing rapid growth, fueled by the increasing demand for tailored investment solutions and advanced analytics. This trend highlights a shift towards more specialized wealth management services, positioning investment management firms as a key player in the evolving market landscape.
Wealth Management Platform Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
Based on Geography, the Global Wealth Management Platform Market is classified into North America, Europe, Asia Pacific, and the Rest of the World. In the Wealth Management Platform Market, North America currently dominates due to its established financial services sector and high adoption of advanced technologies. However, the Asia Pacific region is experiencing rapid growth, driven by increasing wealth among the middle class, a surge in digital adoption, and the rising demand for personalized financial solutions. This combination positions Asia Pacific as a key area for future expansion in the wealth management sector.
Key Players
The “Global Wealth Management Platform Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Avaloq (NEC Corporation), Backbase, Broadridge Financial Solutions, Inc., Comarch SA, Crealogix AG, Fidelity National Information Services, Inc., Fiserv, Inc., Infosys Limited, Profile Systems and Software S.A., Prometeia S.p.A, SEI Investments Company, SS&C Technologies, Inc., Tata Consultancy Services Limited, Temenos Headquarters SA.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Global Wealth Management Platform Market Key Developments
- In January 2021, Fidelity Investments announced the launch of its new digital wealth management platform, which integrates AI-driven analytics to provide personalized investment recommendations and enhance client engagement.
- In March 2022, Charles Schwab expanded its wealth management services by acquiring a leading fintech company, aiming to enhance its digital offerings and streamline financial planning processes for clients.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2021-2031 |
| Base Year | 2024 |
| Forecast Period | 2024-2031 |
| Historical Period | 2021-2023 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Avaloq (NEC Corporation), Backbase, Broadridge Financial Solutions, Inc., Comarch SA, Crealogix AG, Fidelity National Information Services, Inc., Fiserv, Inc., Infosys Limited, Profile Systems and Software S.A., Prometeia S.p.A, SEI Investments Company, SS&C Technologies, Inc., Tata Consultancy Services Limited, Temenos Headquarters SA. |
| Segments Covered | Advisory Model, Business Function, End-User Industry, And Geography. |
| Customization Scope | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
Research Methodology of Verified Market Research:
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
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Frequently Asked Questions
1 INTRODUCTION OF GLOBAL WEALTH MANAGEMENT PLATFORM MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL WEALTH MANAGEMENT PLATFORM MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL WEALTH MANAGEMENT PLATFORM MARKET, BY ADVISORY MODEL
5.1 Overview
5.2 Human advisory
5.3 Robo advisory
5.4 Hybrid
6 GLOBAL WEALTH MANAGEMENT PLATFORM MARKET, BY BUSINESS FUNCTION
6.1 Overview
6.2 Financial advice management
6.3 Portfolio, accounting, and trading management
6.4 Performance management
6.5 Risk and compliance management
6.6 Others
7 GLOBAL WEALTH MANAGEMENT PLATFORM MARKET, BY END-USER INDUSTRY
7.1 Overview
7.2 Banks
7.3 Investment management firms
7.4 Trading and exchange firms
7.5 Brokerage firms
7.6 Others
8 GLOBAL WEALTH MANAGEMENT PLATFORM MARKET, BY GEOGRAPHY
8.1 Overview
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 U.K.
8.3.3 France
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Rest of the World
8.5.1 Latin America
8.5.2 Middle East & Africa
9 GLOBAL WEALTH MANAGEMENT PLATFORM MARKET COMPETITIVE LANDSCAPE
9.1 Overview
9.2 Company Market ranking
9.3 Key Development Strategies
10 COMPANY PROFILES
10.1 Broadridge
10.1.1 Overview
10.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments
10.2 Comarch SA
10.2.1 Overview
10.2.2 Financial Performance
10.2.3 Product Outlook
10.2.4 Key Developments
10.3 Dorsum
10.3.1 Overview
10.3.2 Financial Performance
10.3.3 Product Outlook
10.3.4 Key Developments
10.4 FIS
10.4.1 Overview
10.4.2 Financial Performance
10.4.3 Product Outlook
10.4.4 Key Developments
10.5 Fiserv Inc.
10.5.1 Overview
10.5.2 Financial Performance
10.5.3 Product Outlook
10.5.4 Key Developments
10.6 InvestEdge Inc
10.6.1 Overview
10.6.2 Financial Performance
10.6.3 Product Outlook
10.6.4 Key Developments
10.7 Profile Software S.A
10.7.1 Overview
10.7.2 Financial Performance
10.7.3 Product Outlook
10.7.4 Key Developments
10.8 SEI Investments Company
10.8.1 Overview
10.8.2 Financial Performance
10.8.3 Product Outlook
10.8.4 Key Developments
10.9 SS&C Technologies
10.9.1 Overview
10.9.2 Financial Performance
10.9.3 Product Outlook
10.9.4 Key Developments
10.10 Temenos Headquarters SA
10.10.1 Overview
10.10.2 Financial Performance
10.10.3 Product Outlook
10.10.4 Key Developments
11 APPENDIX
11.1 Related Research
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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