North America Wealth Management Platform Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Advisory Model (Human Advisory, Robo-Advisory, and Hybrid), Business Function (Performance Management, Risk and Compliance Management, Portfolio Accounting and Trading Management, Financial Advice Management, Reporting, and Others), Deployment Type (Cloud and On-Premises), and End User (Investment Management Firms, Trading and Exchange Firms, Banks, Brokerage Firms, and Others)

Code: TIPRE00029199 | Pages: 140 | Industry: Technology, Media and Telecommunications | Date: May 2022
Covid

The wealth management platform market in North America is expected to grow from US$ 1,348.97 million in 2021 to US$ 2,972.67 million by 2028; it is estimated to grow at a CAGR of 11.9% from 2021 to 2028.

 

The US, Canada, and Mexico are major economies in North America. The financial sector is continually adopting advanced technologies to provide financial services in cheaper and efficient ways. These advanced and creative technologies garnered attention during the global financial crisis of 2007–2008, when strict rules were imposed on conventional banks, and innovations in the IT industry increased the incentives for expanding nonbank and technology-based financial enterprises. For instance, a few technological revolutions in the finance sector comprise mobile payments, ATMs (automated teller machines), and trade finance using blockchain. The technological interruptions in wealth management services consist of Robo-advisors and automated financial advisors designed to compete with human advisors. Robo-advisors advise various investing techniques for goals, such as saving for significant expenses, retirement, and maintaining a stream of income to handle expenses effectively. Advantages of Robo-advisory management wealth services over traditional services, involving human advisory, are easy accessibility, affordability, and the ability to offer their clients the option to obtain financial advice and handle investments at any time, from any place, with the help of an Internet connection. Robo-advisory allows the wealth management players to provide their services at low fees, permitting them to expand into the target market. North America was the first region to introduce automated financial advisors (robo-advisory). Wealth management organizations and banks in the US have implemented Robo-advisory services to offer comprehensive, effective, and efficient services. Key reasons that led to the early acceptance of this technology across the region are increased cost and accessibility, supported by rising internet penetration and cheap financial aid fees.  These factors lead to the growth of the wealth management platform market in North America.

 

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America wealth management platform market. The market is expected to grow at a good CAGR during the forecast period.

North America Wealth Management Platform Market Revenue and Forecast to 2028 (US$ Million)

North America Wealth Management Platform Market Revenue and Forecast to 2028 (US$ Million)

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North America Wealth Management Platform Market Segmentation

 

The North America wealth management platform market is segmented on the basis of advisory model, business function, deployment type, end user, and country. The market, based on advisory model, is segmented into human advisory, robo-advisory, and hybrid. The human advisory segment held the largest market share in 2020. The North America wealth management platform market, by business function, is segmented into performance management, risk and compliance management, portfolio accounting and trading management, financial advice management, reporting, and others. The portfolio accounting and trading management segment held the largest market share in 2020. The market, by deployment type, is segmented into cloud and on-premises. The cloud-based segment held a larger market share in 2020. The North America wealth management platform market, by end user, is segmented into trading and exchange firms, banks, brokerage firms, investment management firms, and others. The investment management firms segment held the largest market share in 2020. Based on country, the North America wealth management platform market is segmented into the US, Canada, and Mexico. The US held the largest market share in 2020. Broadridge Financial Solutions, Inc.; Comarch SA; FIS Global; Fiserv, Inc.; InvestCloud; InvestEdge, Inc.; Profile Software S.A.; SEI Investments Developments, Inc.; SS&C Technologies, Inc.; and Temenos Headquarters SA are among the leading companies in the market.

 

1.           Introduction

1.1         Scope of the Study

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        North America Wealth Management Platform Market – By Business Function

1.3.2        North America Wealth Management Platform Market – By Advisory Model

1.3.3        North America Wealth Management Platform Market – By Deployment Type

1.3.4        North America Wealth Management Platform Market – By End User

1.3.5        North America Wealth Management Platform Market – By Country

2.           Key Takeaways

3.        Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           North America Wealth Management Platform Market Landscape

4.1         Market Overview

4.2         North America PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           North America Wealth Management Platform Market- Key Market Dynamics

5.1         Market Drivers

5.1.1        Rising Adoption of Robo Advisors in Wealth Management

5.2         Market Restraints

5.2.1        High-Profile Data Privacy and Security Concerns

5.3         Market Opportunities

5.3.1        Rising Awareness of Long-Term Financial Planning

5.4         Future Trends

5.4.1        Combination of AI and Analytics in Wealth Management Platforms

5.5         Impact Analysis of Drivers and Restraints

6.           Wealth Management Platform Market – North America Analysis

6.1         North America Wealth Management Platform Market Overview

6.2         North America Wealth Management Platform Market Forecast and Analysis

7.           North America Wealth Management Platform Market – By Deployment Type

7.1         Overview

7.2         North America Wealth Management Platform, by Deployment Type (2020 and 2028)

7.3         Cloud

7.3.1        Overview

7.3.2        Cloud: Wealth Management Platform Market – Revenue and Forecast to 2028 (US$ Million)

7.4         On-Premise

7.4.1        Overview

7.4.2        On-Premise: Wealth Management Platform Market – Revenue and Forecast to 2028 (US$ Million)

8.           North America Wealth Management Platform Market – By Advisory Model

8.1         Overview

8.2         North America Wealth Management Platform, by Advisory Model (2020 and 2028)

8.3         Human advisory

8.3.1        Overview

8.3.2        Human Advisory: Wealth Management Platform Market – Revenue and Forecast to 2028 (US$ Million)

8.4         Robo Advisory

8.4.1        Overview

8.4.2        Robo Advisory: Wealth Management Platform Market – Revenue and Forecast to 2028 (US$ Million)

8.5         Hybrid

8.5.1        Overview

8.5.2        Hybrid: Wealth Management Platform Market – Revenue and Forecast to 2028 (US$ Million)

9.           North America Wealth Management Platform Market – By Business Function

9.1         Overview

9.2         North America Wealth Management Platform, by Business Function (2020 and 2028)

9.3         Performance Management

9.3.1        Overview

9.3.2        Performance Management: Wealth Management Platform Market – Revenue and Forecast to 2028 (US$ Million)

9.4         Risk and Compliance Management

9.4.1        Overview

9.4.2        Risk and Compliance Management: Wealth Management Platform Market – Revenue and Forecast to 2028 (US$ Million)

9.5         Portfolio Accounting and Trading Management

9.5.1        Overview

9.5.2        Portfolio Accounting and Trading Management: Wealth Management Platform Market – Revenue and Forecast to 2028 (US$ Million)

9.6         Financial Advice Management

9.6.1        Overview

9.6.2        Financial Advice Management: Wealth Management Platform Market – Revenue and Forecast to 2028 (US$ Million)

9.7         Reporting

9.7.1        Overview

9.7.2        Reporting: Wealth Management Platform Market – Revenue and Forecast to 2028 (US$ Million)

9.8         Others

9.8.1        Overview

9.8.2        Others: Wealth Management Platform Market – Revenue and Forecast to 2028 (US$ Million)

10.        North America Wealth Management Platform Market Analysis– By End User

10.1      Overview

10.2      North America Wealth Management Platform Market, by End User (2020 and 2028)

10.3      Investment Management Firms

10.3.1     Overview

10.3.2     Investment Management Firms: Wealth Management Platform Market – Revenue and Forecast to 2028 (US$ Million)

10.4      Trading & Exchange Firms

10.4.1     Overview

10.4.2     Trading & Exchange Firms: Wealth Management Platform Market – Revenue and Forecast to 2028 (US$ Million)

10.5      Banks

10.5.1     Overview

10.5.2     Banks: Wealth Management Platform Market – Revenue and Forecast to 2028 (US$ Million)

10.6      Brokerage Firms

10.6.1     Overview

10.6.2     Brokerage Firms: Wealth Management Platform Market – Revenue and Forecast to 2028 (US$ Million)

10.7      Others

10.7.1     Overview

10.7.2     Others: Wealth Management Platform Market – Revenue and Forecast to 2028 (US$ Million)

11.        North America Wealth Management Platform Market – Country Analysis

11.1      Overview

11.1.1     North America Wealth Management Platform Market Breakdown, By Country

11.1.1.1       US Wealth Management Platform Market, Revenue and Forecast To 2028 (US$ Mn)

11.1.1.1.1       US Wealth Management Platform Market Breakdown, By Advisory Model

11.1.1.1.2       US Wealth Management Platform Market Breakdown, By Business Function

11.1.1.1.3       US Wealth Management Platform Market Breakdown, By Deployment Type

11.1.1.1.4       US Wealth Management Platform Market Breakdown, By End User

11.1.1.2       Canada Wealth Management Platform Market, Revenue and Forecast To 2028 (US$ Mn)

11.1.1.2.1       Canada Wealth Management Platform Market Breakdown, By Advisory Model

11.1.1.2.2       Canada Wealth Management Platform Market Breakdown, By Business Function

11.1.1.2.3       Canada Wealth Management Platform Market Breakdown, By Deployment Type

11.1.1.2.4       Canada Wealth Management Platform Market Breakdown, By End User

11.1.1.3       Mexico Wealth Management Platform Market, Revenue and Forecast To 2028 (US$ Mn)

11.1.1.3.1       Mexico Wealth Management Platform Market Breakdown, By Advisory Model

11.1.1.3.2       Mexico Wealth Management Platform Market Breakdown, By Business Function

11.1.1.3.3       Mexico Wealth Management Platform Market Breakdown, By Deployment Type

11.1.1.3.4       Mexico Wealth Management Platform Market Breakdown, By End User

12.        Industry Landscape

12.1      Overview

12.2      Market Initiative

13.        Company Profiles

13.1      Broadridge Financial Solutions, Inc.

13.1.1     Key Facts

13.1.2     Business Description

13.1.3     Products and Services

13.1.4     Financial Overview

13.1.5     SWOT Analysis

13.1.6     Key Developments

13.2      Comarch SA

13.2.1     Key Facts

13.2.2     Business Description

13.2.3     Products and Services

13.2.4     Financial Overview

13.2.5     SWOT Analysis

13.2.6     Key Developments

13.3      FIS Global

13.3.1     Key Facts

13.3.2     Business Description

13.3.3     Products and Services

13.3.4     Financial Overview

13.3.5     SWOT Analysis

13.3.6     Key Developments

13.4      InvestCloud

13.4.1     Key Facts

13.4.2     Business Description

13.4.3     Products and Services

13.4.4     Financial Overview

13.4.5     SWOT Analysis

13.4.6     Key Developments

13.5      Fiserv, Inc.

13.5.1     Key Facts

13.5.2     Business Description

13.5.3     Products and Services

13.5.4     Financial Overview

13.5.5     SWOT Analysis

13.5.6     Key Developments

13.6      InvestEdge, Inc.

13.6.1     Key Facts

13.6.2     Business Description

13.6.3     Products and Services

13.6.4     Financial Overview

13.6.5     SWOT Analysis

13.6.6     Key Developments

13.7      PROFILE SOFTWARE S.A

13.7.1     Key Facts

13.7.2     Business Description

13.7.3     Products and Services

13.7.4     Financial Overview

13.7.5     SWOT Analysis

13.7.6     Key Developments

13.8      SEI Investments Developments, Inc.

13.8.1     Key Facts

13.8.2     Business Description

13.8.3     Products and Services

13.8.4     Financial Overview

13.8.5     SWOT Analysis

13.8.6     Key Developments

13.9      SS&C Technologies, Inc.

13.9.1     Key Facts

13.9.2     Business Description

13.9.3     Products and Services

13.9.4     Financial Overview

13.9.5     SWOT Analysis

13.9.6     Key Developments

13.10   Temenos Headquarters SA

13.10.1  Key Facts

13.10.2  Business Description

13.10.3  Products and Services

13.10.4  Financial Overview

13.10.5  SWOT Analysis

13.10.6  Key Developments

14.        Appendix

14.1      About The Insight Partners

14.2      Glossary

 


LIST OF TABLES

Table 1.             North America Wealth Management Platform Market, Revenue and Forecast, 2019–2028 (US$ Mn)

Table 2.             US Wealth Management Platform Market, Revenue and Forecast To 2028 – By Advisory Model (US$ Mn)

Table 3.             US Wealth Management Platform Market, Revenue and Forecast To 2028 – By Business Function (US$ Mn)

Table 4.             US Wealth Management Platform Market, Revenue and Forecast To 2028 – By Deployment Type (US$ Mn)

Table 5.             US Wealth Management Platform Market, Revenue and Forecast To 2028 – By End User (US$ Mn)

Table 6.             Canada Wealth Management Platform Market, Revenue and Forecast To 2028 – By Advisory Model (US$ Mn)

Table 7.             Canada Wealth Management Platform Market, Revenue and Forecast To 2028 – By Business Function (US$ Mn)

Table 8.             Canada Wealth Management Platform Market, Revenue and Forecast To 2028 – By Deployment Type (US$ Mn)

Table 9.             Canada Wealth Management Platform Market, Revenue and Forecast To 2028 – By End User (US$ Mn)

Table 10.          Mexico Wealth Management Platform Market, Revenue and Forecast To 2028 – By Advisory Model (US$ Mn)

Table 11.          Mexico Wealth Management Platform Market, Revenue and Forecast To 2028 – By Business Function (US$ Mn)

Table 12.          Mexico Wealth Management Platform Market, Revenue and Forecast To 2028 – By Deployment Type (US$ Mn)

Table 13.          Mexico Wealth Management Platform Market, Revenue and Forecast To 2028 – By End User (US$ Mn)

Table 14.          Glossary of Terms, North America Wealth Management Platform Market

 


LIST OF FIGURES

Figure 1.           North America Wealth Management Platform Market Segmentation

Figure 2.           North America Wealth Management Platform Market Segmentation - Country

Figure 3.           North America Wealth Management Platform Market Overview

Figure 4.           North America Wealth Management Platform Market, By Advisory Model

Figure 5.           North America Wealth Management Platform Market, By Deployment Type

Figure 6.           North America Wealth Management Platform Market, By Country

Figure 7.           North America: PEST Analysis

Figure 8.           North America Wealth Management Platform Market Ecosystem Analysis

Figure 9.           Expert Opinion

Figure 10.        North America Wealth Management Platform Market Impact Analysis of Drivers and Restraints

Figure 11.        North America Wealth Management Platform Market, Forecast and Analysis (US$ Mn)

Figure 12.        North America Wealth Management Platform Market Revenue Share, by Deployment Type (2020 and 2028)

Figure 13.        North America Cloud: Wealth Management Platform Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14.        North America On-Premise: Wealth Management Platform Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15.        North America Wealth Management Platform Market Revenue Share, by Advisory Model (2020 and 2028)

Figure 16.        North America Human Advisory: Wealth Management Platform Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17.        North America Robo Advisory: Wealth Management Platform Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18.        North America Hybrid: Wealth Management Platform Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19.        North America Wealth Management Platform Market Revenue Share, by Business Function (2020 and 2028)

Figure 20.        North America Performance Management: Wealth Management Platform Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21.        North America Risk and Compliance Management: Wealth Management Platform Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22.        North America Portfolio Accounting and Trading Management: Wealth Management Platform Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23.        North America Financial Advice Management: Wealth Management Platform Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        North America Reporting: Wealth Management Platform Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25.        North America Others: Wealth Management Platform Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26.        North America Wealth Management Platform Market Revenue Share, by End User (2020 and 2028)

Figure 27.        North America Investment Management Firms: Wealth Management Platform Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28.        North America Trading & Exchange Firms: Wealth Management Platform Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29.        North America Banks: Wealth Management Platform Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30.        North America Brokerage Firms: Wealth Management Platform Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31.        North America Others: Wealth Management Platform Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32.        North America Wealth Management Platform Market, by Key Country - Revenue (2020) (US$ Mn)

Figure 33.        North America Wealth Management Platform Market Breakdown, By Country, 2020 and 2028(%)

Figure 34.        US Wealth Management Platform Market, Revenue and Forecast To 2028 (US$ Mn)

Figure 35.        Canada Wealth Management Platform Market, Revenue and Forecast To 2028 (US$ Mn)

Figure 36.        Mexico Wealth Management Platform Market, Revenue and Forecast To 2028 (US$ Mn)

  1. Broadridge Financial Solutions, Inc.
  2. Comarch SA
  3. FIS Global
  4. Fiserv, Inc.
  5. InvestCloud
  6. InvestEdge, Inc.
  7. Profile Software S.A.
  8. SEI Investments Developments, Inc.
  9. SS&C Technologies, Inc.
  10. Temenos Headquarters SA
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America wealth management platform market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the North America wealth management platform market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the wealth management platform market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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