Blackrock, Vanguard, UBS, Fidelity Investment and State Street Global Advisors. – Prominent Market Participants in Wealth Management Platform Market

Wealth management platforms provide a solution to meet the emerging requirement of an investor. The software integrates with every function of a single system and offers a high-level user experience. It analyzes, controls, monitors, and supports an efficient advisory network, which permits strong customer engagement, followed by the compliance with various global regulations. The advisory network utilizes a spectrum of financial disciplines, which comprises investment and financial advice, estate or legal planning, tax services, accounting, and retirement planning, for managing a comfortable consumer's wealth. The continuous advancements in technology and growing demand for automation positively impact the global wealth management platform market. North America is an early adopter of technologies and has a sound IT infrastructure. Moreover, the US is the headquarter for many large companies operating across the world. The US, Canada, and Mexico are among the major countries in North America. The US and Canada are developed in terms of modern technologies, standard of living, and infrastructure. The US dominates the wealth management platform market in North America, and the market in Mexico is expected to grow at the highest CAGR during the forecast period.

Middle Eastern countries, such as Oman and Israel, are expected to witness a rise in investments in the manufacturing sector in the coming years. Oman’s government supports its manufacturing sector by introducing several incentives and promoting FDIs, thereby providing a conducive environment for the adoption of wealth management platforms in the region. In SAM, an increase in IT development across the region, especially in Brazil and Argentina, is supporting the growth of the wealth management platform market.

The wealth management platform market by deployment type has been segmented into cloud and on-premises. The wealth management platform market is segmented on the basis of advisory model as human advisory, robo-advisory, and hybrid. The wealth management platform market, by business function, has been segmented as performance management, risk and compliance management, portfolio accounting and trading management, financial advice management, reporting, and others. The wealth management platform market on the basis of end user is segmented into trading & exchange firms, banks, brokerage firms, investment management firms, and others.

The top five companies in the market Blackrock, Vanguard, UBS, Fidelity Investment and State Street Global Advisors. The above listing of key players is derived by considering multiple factors such as overall revenue, current wealth management platform portfolio, new product launches, market initiatives, investment in technology up-gradation, mergers & acquisitions, and other joint activities. A few of the important market initiatives and product developments from the industry are mentioned below:    

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