Companies’ expectations from wealth management firms are becoming increasingly diverse, with rising emphasis on wealth transfers, retirement planning, and social impact investing. More so, with evolving digitization in the industry, companies and asset managers are leveraging the power of massive amounts of financial information for real-time asset and portfolio management. As a result, the rapid digital innovation has enabled third-party services to access clients’ financial information, turning clients’ data privacy and security at stake. This trend implies that regulations around cybersecurity are also likely to get stronger in the coming years.
As a consultative process that helps entrepreneurs meet the wants and needs of high-net-worth clients, wealth management requires high-level professional services that combine several financial services into one approach. Wealth managers are persistently searching for technologies that help them in not only aggregating the data securely but also in giving real-time analytics and generating bespoke financial reports on actionable investment and risk management. But amidst a sea of such companies, consultants, and solutions, how do leaders find the best one? For such users, our listed wealth management solutions and service providers with vendor details and client reviews will help you analyze and choose the best fit.
To help leaders navigate through the list of wealth management solution and service providers, our panel comprising CEOs, CIOs, VCs, industry analysts and the editorial board of Banking CIO Outlook has narrowed down the top companies in this landscape who exhibit competence in delivering robust innovations. We present to you Banking CIO Outlook’s “Top 10 Wealth Management Service Companies 2021”.