Wealth Management Platform Market Global Trends, Market SharePosted by Sakshi Mishra on January 20th, 2021 Market Scope The global wealth management platform market is expected to generate a market value of USD 4 billion by 2023. It is expected to grow at 15% CAGR during the forecast period. Rise of high net worth individuals, digitization of information and processes, and compliance with industry regulations are major market drivers. The shift to platforming by private banks and wealth managers for increasing their client base and integration of various security features for protecting client names and transactions can bode well for the market. The technological change and the new range of clients who are adept with the latest gadgets are trends which can provide a large scope for the market. But dependence on traditional methods can deter market growth. 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. Get Free Sample Copy Report Of The Market @ 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. Access Complete Report @ https://www.marketresearchfuture.com/reports/wealth-management-platform-market-6299 About Market Research Future: Market Research Future (MRFR) is a reliable firm that undertakes an extensive analysis of markets in various domains. Our teams of research analysts gather relevant data through painstaking primary and secondary research that aims to give clients a complete outlook on markets of their interest. The data is compared against third-party agencies and reputed organizations for estimating valuations and revenue projections. MRFR’s goal in providing a comprehensive coverage of the market replete with latest trends, niches, developments, and insights can be lucrative for business needs. We aim to push our clients to the forefront by guiding them with astute information for making informed decisions. Our market intelligence can track down key issues in industries and be modified as per the fluctuations in economic scenarios. The reports are customized and offered as per a specific region or country and adhere to latest policies. Contact: Like it? Share it! More by this author |