Market Highlights

Wealth management platforms are software which gives significant monetary guidance to people hoping to grow their funds. The accommodations agreed by digitization and the flood in discretionary cashflow levels of people are probably going to drive the dependence on these platforms. The global wealth management platform market report gathered by Market Research Future (MRFR) investigates different pointers and difficulties to be looked by the business for the time of 2018 to 2023 (conjecture period). The COVID-19 pandemic and its impact on the business are investigated in the report.

Market Scope

The global wealth management platform market is relied upon to create a market worth of USD 4 billion by 2023. It is relied upon to develop at 15% CAGR during the conjecture time frame. Ascent of high total assets people, digitization of data and cycles, and consistence with industry guidelines are significant market drivers. The shift to platforming by private banks and wealth administrators for expanding their customer base and combination of different security highlights for ensuring customer names and exchanges can look good for the market. The mechanical change and the new scope of customers who are adroit with the most recent contraptions are patterns which can give an enormous degree to the market.

However, reliance on customary strategies can discourage market development.

Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/6299

Segmentation:

By advisory model, the market is segmented into robo-advisory, human advisory, and hybrid advisory. The hybrid advisory models segment is expected to gain a greater share over human advisory models. The combination of human advisory model and robo-advisory model algorithm provides more accurate and faster results with the touch of human expertise which is expected to fuel the market growth of wealth management platforms. Applications of cognitive computing, artificial intelligence, and machine learning which can lower operating costs for the clients and improve data-driven insights can drive the segment growth in the global wealth management platform market.

By business functions, the market is segmented into client and fund management, financial advice management, risk and compliance management, portfolio, accounting, trading management, performance management, reporting, and others (billing and benchmarking).The financial advice management segment is deemed to grow and contribute the most in the market during the forecast period. This is due to reliance on financial advice management professionals for secure and proper management of wealth and financial assets for high net worth individuals.

By deployment model, the market is segmented into on-cloud, and on-premise.

By end-user, the market is segmented into asset management firms, banks, investment firms, brokerage firms, trading & exchange firms, and others.

Regional Analysis

The geographical analysis of wealth management software market is studied for North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).

According to the World Wealth report published by Capgemini in 2017, there is an increase in global High Net Worth Indivduals (HNWI) population and wealth which shows the growing opportunities in this market. North America is expected to dominate the wealth management platform market due to emergence of new technologies such as robo-advisory models and exist large number of key players in this region.

APAC is expected to be the fastest growing region in this market owing to massive growth in number of high net worth individuals and wealth at a rate of 12.1% and 14.8% respectively in 2017. Launch of wealth management platforms aimed at the new and upcoming demographic is likely to culminate in high dividends for the global wealth management platform market. Europe’s high net worth individual population and wealth grew by 7.3% ranks it third after North America.

Geographically, North America is expected to dominate the market due to advances in technology and presence of major key players such as SS&C technologies, Fidelity National Information Services Inc. and Broadridge Financial Solutions in the region. These key players are offering technical infrastructure solutions that enable process transparency, workflow automation, remote access, financial advisory, and brokerage business on a single platform. The establishment of a common financial hub which provides a plethora of financial services for wealthy clients can favor the market. The tech savvy nature of clients and use of online payment accounts can attract HNWIs.

Competitive Outlook

Dorsum Investment Software, Objectway, Invest Edge, Fidelity National Information Services Inc., Broadridge Financial Solutions, Finantix, SEI Investment Company, Fiserv Inc., Temenos, SS&C Technologies, Profile Software, and Comarch are prominent players of the global wealth management platform market. Partnerships, agreements, and acquisitions are major strategies of players. Recently, Envestnet, Inc., agreed to integrate FlourishCash for registered investment advisers (RIA) within the platform and generate more referrals.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/wealth-management-platform-market-6299

Wealth Management Platform Market, By Advisory Model (Robo-Advisory, Human advisory, Hybrid), Business Function (Portfolio, Reporting, Financial Advice Management), End- Users (Banks, Brokerage Firms, Investment Firms)— Forecast till 2027

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future (Part of Wantstats Research and Media Private Limited)

99 Hudson Street, 5Th Floor

New York, NY 10013

United States of America

+1 628 258 0071 (US)

+44 2035 002 764 (UK)

Email: [email protected]

Website: https://www.marketresearchfuture.com