PUBLISHER: The Business Research Company | PRODUCT CODE: 1695291
PUBLISHER: The Business Research Company | PRODUCT CODE: 1695291
A wealth management platform serves as a digital solution facilitating the management of financial assets and investments for individuals or institutions. These platforms offer access to a wide range of investment products, such as stocks, bonds, mutual funds, and ETFs, alongside tools for portfolio analysis and monitoring.
Deployment of wealth management platforms occurs both on-premises and in the cloud. On-premises deployment involves installing and running the platform's software on the organization's internal servers and infrastructure. The market is segmented based on advisory mode, which includes human advisory, robo-advisory, and hybrid advisory services. These platforms cater to various business functions, including financial advice management, portfolio accounting and trading, performance tracking, risk and compliance management, reporting, and other essential functions. They serve diverse end-users, including banks, trading firms, brokerage firms, investment management firms, and others.
The wealth management platform market research report is one of a series of new reports from The Business Research Company that provides wealth management platform market statistics, including wealth management platform industry global market size, regional shares, competitors with wealth management platform market share, detailed wealth management platform market segments, market trends, and opportunities, and any further data you may need to thrive in the wealth management platform industry. This wealth management platform market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The wealth management platform market size has grown rapidly in recent years. It will grow from $4.45 billion in 2024 to $5.08 billion in 2025 at a compound annual growth rate (CAGR) of 14.1%. The growth in the historic period can be attributed to an increase in the number of HNWIs across the globe, growing digitalization across the financial sector, growing concerns about data security and bank safety, use of blockchain technology across wealth management solutions, stringent government compliances related to the financial sector.
The wealth management platform market size is expected to see rapid growth in the next few years. It will grow to $8.52 billion in 2029 at a compound annual growth rate (CAGR) of 13.8%. The growth in the forecast period can be attributed to the increased adoption of cloud-based solutions, the need to provide improved experience in financial firms, increased digitization, the high adoption of automation, and enhanced security and protection for client data. Major trends in the forecast period include innovative wealth management platforms, real-time analytics, adaptable investment strategies, technological innovations, and amalgamating progressive technologies and software.
The increasing number of financial advisory firms is expected to drive the growth of the wealth management platform market in the coming years. Financial advisory firms are businesses that offer expert advice and services to individuals, businesses, and institutions on various aspects of financial management. The rise in financial advisory firms is fueled by growing demand for personalized financial guidance in areas such as retirement planning, investment management, tax optimization, and estate planning. These firms use wealth management platforms to streamline client interactions, enhance service quality, and manage client portfolios efficiently, providing tailored financial solutions to meet each client's needs. For example, the Investment Adviser Industry Snapshot by the Investment Adviser Association (IAA), a US-based non-profit organization, reported that in 2022, there were 54.3 million clients using asset management advisory services, marking a 2.1% increase from the previous year. Consequently, the growth in financial advisory firms is propelling the expansion of the wealth management platform market.
Key players in the wealth management platform market are prioritizing the development of artificial intelligence-based solutions to offer comprehensive solutions to their clientele. Era, an AI-powered wealth management platform recently securing $3.1 million in seed funding, exemplifies this trend. For instance, Tinwell Labs Inc., a US-based wealth management platform, launched Era in November 2023. Era leverages artificial intelligence to personalize wealth management advice and automate financial tasks, enhancing financial accessibility and ambition. Distinguished by its incorporation of market news and macroeconomic data into its AI algorithms, Era empowers users to remain informed about economic factors impacting their finances and investment portfolios, elevating the caliber of its recommendations.
In June 2023, Backbase BV, a Netherlands-based engagement banking software company, concluded the acquisition of Nucoro Limited, enhancing its digital investment offerings. Through this undisclosed acquisition, Backbase aims to integrate Nucoro's headless platform capabilities into its own, enabling customers to deploy digital investment offerings such as robo-advisory and trading services seamlessly. Nucoro Limited, a UK-based digital wealth platform company and wealth management platform provider, brings valuable expertise to Backbase, reinforcing its position as a provider of comprehensive solutions in the digital wealth management space.
Major companies operating in the wealth management platform market are JPMorgan Chase & Co, Bank of America Corporation, Tata Consultancy Services Ltd., NEC Corporation, PNC Financial Services Group Inc., Infosys Limited, BlackRock Inc., Fiserv Inc., Goldman Sachs Private Wealth Management, Fidelity Information Services Inc., Vanguard Group Inc., Northern Trust Corporation, Broadridge Financial Solutions Inc., SS&C Technologies Inc., Charles Schwab Investment Management Inc., SEI Investments Company, Temenos AG, Comarch SA, Backbase BV, Prometeia SpA, Crealogix AG, Profile Systems and Software SA, Dreamplug Technologies Private Limited, Wells Fargo Investment Institute Inc., Tinwell Labs Inc
North America was the largest region in the wealth management platform market in 2024. Asia-Pacific is expected to be the fastest growing region in the market. The regions covered in the wealth management platform market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the wealth management platform market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The wealth management platform market consists of revenues earned by entities from subscription fees, assets under management (AUM) fees, transaction fees, and advisory fees. The market value includes the value of related goods sold by the service provider or included within the service offering. The Information technology market also includes sales of computers, computer peripherals, and telecommunications equipment which are used in providing IT services. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Wealth Management Platform Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on wealth management platform market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for wealth management platform ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The wealth management platform market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.