North America Wealth Management Platform Market

Historic Data: 2019-2020   |   Base Year: 2021   |   Forecast Period: 2022-2028

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)


No. of Pages: 140    |    Report Code: TIPRE00029199    |    Category: Technology, Media and Telecommunications

Available Report Formats

pdf-format excel-format pptx-format
Buy Now
North America Wealth Management Platform Market
Buy Now

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) 

 

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.

 

North America Wealth Management Platform Strategic Insights

Strategic insights for the North America Wealth Management Platform provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

strategic-framework/north-america-wealth-management-platform-market-strategic-framework.webp
Get more information on this report

North America Wealth Management Platform Report Scope

Report Attribute Details
Market size in 2021 US$ 1,348.97 Million
Market Size by 2028 US$ 2,972.67 Million
Global CAGR (2021 - 2028) 11.9%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered By Advisory Model
  • Human Advisory
  • Robo-Advisory
  • Hybrid
By Business Function
  • Performance Management
  • Risk and Compliance Management
  • Portfolio Accounting and Trading Management
  • Financial Advice Management
  • Reporting
By Deployment Type
  • Cloud
  • On-Premises
By End User
  • Investment Management Firms
  • Trading and Exchange Firms
  • Banks
  • Brokerage Firms
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Market leaders and key company profiles
  • 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.
  • Temenos Headquarters SA
  • Get more information on this report

    North America Wealth Management Platform Regional Insights

    The geographic scope of the North America Wealth Management Platform refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

    geography/north-america-wealth-management-platform-market-geography.webp
    Get more information on this report

    The List of Companies - North America Wealth Management Platform Market

    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
    Frequently Asked Questions
    How big is the North America Wealth Management Platform Market?

    The North America Wealth Management Platform Market is valued at US$ 1,348.97 Million in 2021, it is projected to reach US$ 2,972.67 Million by 2028.

    What is the CAGR for North America Wealth Management Platform Market by (2021 - 2028)?

    As per our report North America Wealth Management Platform Market, the market size is valued at US$ 1,348.97 Million in 2021, projecting it to reach US$ 2,972.67 Million by 2028. This translates to a CAGR of approximately 11.9% during the forecast period.

    What segments are covered in this report?

    The North America Wealth Management Platform Market report typically cover these key segments-

    • Advisory Model (Human Advisory, Robo-Advisory, Hybrid)
    • Business Function (Performance Management, Risk and Compliance Management, Portfolio Accounting and Trading Management, Financial Advice Management, Reporting)
    • Deployment Type (Cloud, On-Premises)
    • End User (Investment Management Firms, Trading and Exchange Firms, Banks, Brokerage Firms)

    What is the historic period, base year, and forecast period taken for North America Wealth Management Platform Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Wealth Management Platform Market report:

  • Historic Period : 2019-2020
  • Base Year : 2021
  • Forecast Period : 2022-2028
  • Who are the major players in North America Wealth Management Platform Market?

    The North America Wealth Management Platform Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • 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.
  • Temenos Headquarters SA
  • Who should buy this report?

    The North America Wealth Management Platform Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the North America Wealth Management Platform Market value chain can benefit from the information contained in a comprehensive market report.