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Wealth Management Platform Market Share

Report ID: GMI3995
Published Date: Sep 2024
Report Format: PDF

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Wealth Management Platform Market Share

SS&C Technologies Holdings, Inc., Fiserv Inc. and Broadridge collectively hold a significant market share of around 31% in the wealth management platform market, due to their extensive industry experience, comprehensive product offerings, and strong client bases. These firms provide a wide range of sophisticated solutions that cover portfolio management, accounting, trading, and compliance, which are essential for both wealth managers and financial institutions. Their platforms are highly scalable and adaptable, catering to the needs of large asset managers, banks, and financial advisors across the globe.

Additionally, these companies have made significant investments in technology and innovation, incorporating artificial intelligence, automation, and data analytics into their platforms. This enables them to deliver enhanced operational efficiency, better decision-making tools, and improved client engagement features.

Wealth Management Platform Market Companies

The major players operating in the wealth management platform industry are:

SS&C Technologies Holdings, Inc.
Avaloq
Broadridge
FIS Global
Fiserv Inc.
InvestCloud
SEI

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The market size of wealth management platform reached USD 3.7 billion in 2023 and is set to register a CAGR of over 13% between 2024 and 2032, due to the growing adoption of digital solutions in the financial sector.

In 2023, the human advisory segment accounted for a market share of over 61%. High-net-worth individuals prefer personalized, relationship-driven services provided by human advisors, who offer tailored financial strategies, emotional support, and trust-based relationships.

North America dominated the market with a major share of around 36% in 2023. Factors such as a high concentration of wealth, advanced financial infrastructure, and strong adoption of digital technologies contribute to this dominance.

Major players in the market include SS&C Technologies Holdings, Inc., Fiserv Inc., and Broadridge. Collectively, these companies hold a significant market share of around 31%, offering comprehensive and scalable solutions for portfolio management, accounting, trading, and compliance.