Wealth Management Software Market

Market Insights

The global wealth management software market was valued at $2.20 billion in 2018 and is expected to grow significantly, expanding at a CAGR of 12.3% from 2019 to 2027. Wealth management is changing at a rapid pace. Numerous forces, from ever-changing client expectations and advanced technologies to the rise of disruptive operational models and the market encroachment of eccentric competitors, are restructuring the playing field.

Wealth management is one of the most attractive sectors within the financial services industry. Emerging digitization, coupled with the rising adoption of automation processes by several financial establishments, is one of the prominent factors expected to stimulate the growth of wealth management software worldwide. Digitalization has been growing in prevalence and is fueling efficiency and agility in wealth management practices, which in turn is enhancing market growth.

Market Snapshot

Hybrid Advisory Model Likely to Gain Traction in the Market During the Forecast Period from 2019 to 2027

In 2018, the robot-advisory mode garnered the largest market share in the global wealth management software market. The segment is likely to grow at a substantial rate during the forecast period from 2019 to 2027. Robo-advisors are online financial advisory software platforms that deliver algorithm-based wealth management services. This advisory mode eliminates the necessity to use a human, financial advisor and provides clients with direct, software-based access to their portfolios.

Robo-advisors provide several benefits, including a suite of automated capabilities, an easier onboarding process, and minimal investment requirements in comparison to their traditional counterparts. Moreover, in terms of performance and accessibility, Robo-advisors are highly efficient, accurate, and more accessible. Nevertheless, despite the popularity of fully automated robot-advisory mode, its initial appeal has started to wear off. The financial industry is already witnessing a move towards espousing a hybrid model that includes a certain amount of human intervention.

Typically, a hybrid advisory mode involves an automated solution that provides periodic access to human advisors or in which human, financial advisors add Robo-advisors to their solutions, thereby providing some of the advantages that a robot advisor and a human advisor have over each other.

North America Garnered the Largest Market Share in 2018

The global wealth management software market, based on geography, was led by North America in 2018 and is likely to remain dominant throughout the forecast period from 2019 to 2027. The growth of this is mainly attributed to the growing number of high-net-worth (HNW) individuals.

These HNW individuals are increasingly subscribing to advanced financial advisory solutions, thereby driving market growth in the region. Moreover, the presence of some prominent players, including Fidelity National Information Services, Inc., Fiserv, Inc., SEI Investments Company, and SS&C Technologies, Inc., etc., supports the market’s growth and is expected to provide lucrative opportunities for the growth of the wealth management software market in the region.

Competitive Insights:

The major players identified in the wealth management software market include Comarch SA, Dorsum Ltd., Fidelity National Information Services, Inc. (FIS), Finantix S.p.A., Fiserv, Inc., Objectway S.p.A., Profile Software, SEI Investments Company, SS&C Technologies, Inc., and Temenos SA, among others.

Wealth management software providers are continuously developing and updating their software offerings in order to cater to the rising needs of their customers and gain a competitive advantage over other players. Partnerships, product innovation, and new product development remain some of the major strategies adopted by the leading players to gain an edge over their counterparts.

Periods of History and Forecast

The research report presents the analysis of each segment from 2017 to 2027, considering 2018as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The wealth management software market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global wealth management software market based on advisory mode, functionality, deployment model, end-user, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

• What was the size of the wealth management software market in 2018, and what are the projections for the next five years?
• What are the key factors driving the global wealth management software market?
• What are the key market trends and high-growth opportunities observed in the wealth management software market?
• What are the drivers of the wealth management software market?
• Which is the largest regional market for wealth management software?
• Which segment will grow at a faster pace? Why?
• Which region will drive the market’s growth? Why?
• Which players are leading the wealth management software market?
• What are the sustainability strategies adopted by the key players operating in the market?

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global WMS Market
2.2. Global WMS Market, by Advisory Mode, 2018 (US$ Bn)
2.3. Global WMS Market, by Functionality, 2018 (US$ Bn)
2.4. Global WMS Market, by Deployment Model, 2018 (US$ Bn)
2.5. Global WMS Market, by End-user, 2018 (US$ Bn)
2.6. Global WMS Market, by Geography, 2018 (US$ Bn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global WMS Market Value, 2017-2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Global Wealth Management Software (WMS) Market, by Advisory Mode , 2017-2027 (US$ Bn)
4.1. Overview
4.2. Human Advisory
4.3. Robo-advisory
4.4. Hybrid

5. Global Wealth Management Software (WMS) Market, by Functionality, 2017-2027 (US$ Bn)
5.1. Overview
5.2. Financial Advice Management
5.3. Portfolio, Accounting, & Trading Management
5.4. Performance Management
5.5. Risk & Compliance Management
5.6. Reporting
5.7. Others (Client and Fund Management, Billing and Benchmarking, etc.)

6. Global Wealth Management Software (WMS) Market, by Deployment Model, 2017-2027 (US$ Bn)
6.1. Overview
6.2. On-premise
6.3. Cloud

7. Global Wealth Management Software (WMS) Market, by End-user, 2017-2027 (US$ Bn)
7.1. Overview
7.2. Banks
7.3. Investment Management Firms
7.4. Trading & Exchange Firms
7.5. Brokerage Firms
7.6. Others

8. North America Wealth Management Software (WMS) Market Analysis, 2017-2027 (US$ Bn)
8.1. Overview
8.1.1. North America WMS Market Value and Growth, 2017-2027, (US$ Bn)
8.2. North America WMS Market Value, By Advisory Mode, 2017-2027 (US$ Bn)
8.2.1. Market Analysis
8.3. North America WMS Market Value, By Functionality, 2017-2027 (US$ Bn)
8.3.1. Market Analysis
8.4. North America WMS Market Value, By Deployment Model, 2017-2027 (US$ Bn)
8.4.1. Market Analysis
8.5. North America WMS Market Value, By End-user, 2017-2027 (US$ Bn)
8.5.1. Market Analysis
8.6. North America WMS Market Value, By Region/Country, 2017-2027 (US$ Bn)
8.6.1. Market Analysis
8.6.2. U.S.
8.6.3. Rest of North America

9. Europe Wealth Management Software (WMS) Market Analysis, 2017-2027 (US$ Bn)
9.1. Overview
9.1.1. Europe WMS Market Value and Growth, 2017-2027, (US$ Bn)
9.2. Europe WMS Market Value, By Advisory Mode, 2017-2027 (US$ Bn)
9.2.1. Market Analysis
9.3. Europe WMS Market Value, By Functionality, 2017-2027 (US$ Bn)
9.3.1. Market Analysis
9.4. Europe WMS Market Value, By Deployment Model, 2017-2027 (US$ Bn)
9.4.1. Market Analysis
9.5. Europe WMS Market Value, By End-user, 2017-2027 (US$ Bn)
9.5.1. Market Analysis
9.6. Europe WMS Market Value, By Region/Country, 2017-2027 (US$ Bn)
9.6.1. Market Analysis
9.6.2. U.K.
9.6.3. Germany
9.6.4. France
9.6.5. Rest of Europe

10. Asia Pacific Wealth Management Software (WMS) Market Analysis, 2017-2027 (US$ Bn)
10.1. Overview
10.1.1. Asia Pacific WMS Market Value and Growth, 2017-2027, (US$ Bn)
10.2. Asia Pacific WMS Market Value, By Advisory Mode, 2017-2027 (US$ Bn)
10.2.1. Market Analysis
10.3. Asia Pacific WMS Market Value, By Functionality, 2017-2027 (US$ Bn)
10.3.1. Market Analysis
10.4. Asia Pacific WMS Market Value, By Deployment Model, 2017-2027 (US$ Bn)
10.4.1. Market Analysis
10.5. Asia Pacific WMS Market Value, By End-user, 2017-2027 (US$ Bn)
10.5.1. Market Analysis
10.6. Asia Pacific WMS Market Value, By Region/Country, 2017-2027 (US$ Bn)
10.6.1. Market Analysis
10.6.2. Japan
10.6.3. China
10.6.4. India
10.6.5. Rest of Asia Pacific

11. Rest of the World Wealth Management Software (WMS) Market Analysis, 2017-2027 (US$ Bn)
11.1. Overview
11.1.1. Rest of the World WMS Market Value and Growth, 2017-2027, (US$ Bn)
11.2. Rest of the World WMS Market Value, By Advisory Mode, 2017-2027 (US$ Bn)
11.2.1. Market Analysis
11.3. Rest of the World WMS Market Value, By Functionality, 2017-2027 (US$ Bn)
11.3.1. Market Analysis
11.4. Rest of the World WMS Market Value, By Deployment Model, 2017-2027 (US$ Bn)
11.4.1. Market Analysis
11.5. Rest of the World WMS Market Value, By End-user, 2017-2027 (US$ Bn)
11.5.1. Market Analysis
11.6. Rest of the World WMS Market Value, By Region, 2017-2027 (US$ Bn)
11.6.1. Market Analysis
11.6.2. Middle East & Africa
11.6.3. Latin America

12. Company Profiles
12.1. Comarch SA
12.2. Dorsum Ltd.
12.3. Fidelity National Information Services, Inc. (FIS)
12.4. Finantix S.p.A
12.5. Fiserv, Inc.
12.6. Objectway S.p.A
12.7. Profile Software
12.8. SEI Investments Company
12.9. SS&C Technologies, Inc.
12.10. Temenos SA

List of Figures

FIG. 1 Global Wealth Management Software (WMS) Market: Research Methodology
FIG. 2 Market Functionality Estimation – Top-Down and Bottom Up Approach
FIG. 3 Global WMS Market Segmentation
FIG. 4 Global WMS Market, by Advisory Mode, 2018 (US$ Bn)
FIG. 5 Global WMS Market, by Functionality, 2018 (US$ Bn)
FIG. 6 Global WMS Market, by Deployment Model, 2018 (US$ Bn)
FIG. 7 Global WMS Market, by End-user, 2018 (US$ Bn)
FIG. 8 Global WMS Market, by Geography, 2018 (US$ Bn)
FIG. 9 Global WMS Market Value, 2017-2027, (US$ Bn) and (Y-o-Y%)
FIG. 10 Attractive Investment Proposition, by Geography, 2018
FIG. 11 Global Market Positioning of Key WMS Providers, 2018
FIG. 12 Global WMS Market Value Share, by Advisory Mode, 2018 & 2027 (Value %)
FIG. 13 Global Human Advisory Market Value, 2017-2027, (US$ Bn)
FIG. 14 Global Robo-advisory Market Value, 2017-2027, (US$ Bn)
FIG. 15 Global Hybrid Market Value, 2017-2027, (US$ Bn)
FIG. 16 Global WMS Market Value Share, by Functionality, 2018 & 2027 (Value %)
FIG. 17 Global Financial Advice Management Market Value, 2017-2027, (US$ Bn)
FIG. 18 Global Portfolio, Accounting, & Trading Management Market Value, 2017-2027, (US$ Bn)
FIG. 19 Global Performance Management Market Value, 2017-2027, (US$ Bn)
FIG. 20 Global Risk & Compliance Management Market Value, 2017-2027, (US$ Bn)
FIG. 21 Global Reporting Market Value, 2017-2027, (US$ Bn)
FIG. 22 Global WMS Market Value for Others, 2017-2027, (US$ Bn)
FIG. 23 Global WMS Market Value Share, by Deployment Model, 2018 & 2027 (Value %)
FIG. 24 Global On-premise WMS Market Value, 2017-2027, (US$ Bn)
FIG. 25 Global Cloud WMS Market Value, 2017-2027, (US$ Bn)
FIG. 26 Global WMS Market Value Share, by End-user, 2018 & 2027 (Value %)
FIG. 27 Global WMS Market Value for Banks, 2017-2027, (US$ Bn)
FIG. 28 Global WMS Market Value for Investment Management Firms, 2017-2027, (US$ Bn)
FIG. 29 Global WMS Market Value for Trading & Exchange Firms, 2017-2027, (US$ Bn)
FIG. 30 Global WMS Market Value for Brokerage Firms, 2017-2027, (US$ Bn)
FIG. 31 Global WMS Market Value for Others, 2017-2027, (US$ Bn)
FIG. 32 North America WMS Market Value, 2017-2027, (US$ Bn)
FIG. 33 Europe WMS Market Value, 2017-2027, (US$ Bn)
FIG. 34 Asia Pacific WMS Market Value, 2017-2027, (US$ Bn)
FIG. 35 RoW WMS Market Value, 2017-2027, (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Wealth Management Software (WMS) Market Value
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 Global WMS Market, by Advisory Mode, 2017-2027 (US$ Bn)
TABLE 5 Global WMS Market, by Functionality, 2017-2027 (US$ Bn)
TABLE 6 Global WMS Market, by Deployment Model, 2017-2027 (US$ Bn)
TABLE 7 Global WMS Market, by End-user, 2017 – 2027 (US$ Bn)
TABLE 8 Global WMS Market, by Geography, 2017-2027 (US$ Bn)
TABLE 9 North America WMS Market, by Advisory Mode, 2017-2027 (US$ Bn)
TABLE 10 North America WMS Market, by Functionality, 2017-2027 (US$ Bn)
TABLE 11 North America WMS Market, by Deployment Model, 2017-2027 (US$ Bn)
TABLE 12 North America WMS Market, by End-user, 2017 – 2027 (US$ Bn)
TABLE 13 North America WMS Market Value, by Region/Country, 2017-2027 (US$ Bn)
TABLE 14 Europe WMS Market, by Advisory Mode, 2017-2027 (US$ Bn)
TABLE 15 Europe WMS Market, by Functionality, 2017-2027 (US$ Bn)
TABLE 16 Europe WMS Market, by Deployment Model, 2017-2027 (US$ Bn)
TABLE 17 Europe WMS Market, by End-user, 2017 – 2027 (US$ Bn)
TABLE 18 Europe WMS Market Value, by Region/Country, 2017-2027 (US$ Bn)
TABLE 19 Asia Pacific WMS Market, by Advisory Mode, 2017-2027 (US$ Bn)
TABLE 20 Asia Pacific WMS Market, by Functionality, 2017-2027 (US$ Bn)
TABLE 21 Asia Pacific WMS Market, by Deployment Model, 2017 -2027 (US$ Bn)
TABLE 22 Asia Pacific WMS Market, by End-user, 2017 – 2027 (US$ Bn)
TABLE 23 Asia Pacific WMS Market Value, by Region/Country, 2017-2027 (US$ Bn)
TABLE 24 Rest of the World WMS Market, by Advisory Mode, 2017-2027 (US$ Bn)
TABLE 25 Rest of the World WMS Market, by Functionality, 2017-2027 (US$ Bn)
TABLE 26 Rest of the World WMS Market, by Deployment Model, 2017-2027 (US$ Bn)
TABLE 27 Rest of the World WMS Market, by End-user, 2017 – 2027 (US$ Bn)
TABLE 28 Rest of the World WMS Market Value, by Region, 2017-2027 (US$ Bn)
TABLE 29 Comarch SA: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 30 Dorsum Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 31 Fidelity National Information Services, Inc. (FIS): Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 32 Finantix S.p.A.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 33 Fiserv, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 34 Objectway S.p.A.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 35 Profile Software: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 36 SEI Investments Company: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 37 SS&C Technologies, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 38 Temenos SA: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)