Top Wealth Management Technology Solution Companies
FIS: A 360-Degree Wealth Management Solution

Top 10 Wealth Management Technology Solution Companies - 2019

The tides have changed in the wealth management sector. As the banking industry moves toward the digital world, financial service providers are on the lookout for meaningful strategies that will help advisors and investors simplify as well as improve their workflows. This could mean restructuring the operating models in client relationship and providing digitalized offerings that are easy to use, personalized and in real-time. To stay ahead in the game, financial institutions should keep up with the changing customer expectations and requirements. Investor anticipation has risen to customized services and on-demand digital engagements. Be it services or solutions; the focus lies on providing quality with an engaging experience.

Digitalization has brought along the convenience and potential for better transparency and collaboration. Advanced algorithms incorporating machine learning, artificial intelligence, and big data can help financial advisors uncover knowledgeable insights and foster relevant discussions on investment goals. Cognitive technology and robotic process automation are pushing the boundaries of driving automation in wealth management, changing the way of handling finances and receiving advice on capital investments. By automating the repetitive, labour-intensive tasks which are highly prone to human errors, technological advancements have paved the way for more profound and relevant investor decisions. Big data will help wealth advisors to gain a better understanding of the customers, their goals, risk tolerances and use the technology to make effective decisions that apply to their client base.

The integration of RPA and AI into financial technologies will see an enormous increase in productivity and efficiency in the banking industry, unlock new potential sources of value, improve accuracy, and lower costs. As AI and machine learning change the face of customer interaction, they will create greater opportunities for organizations to expand their relationships and build trust by offering tailored suggestions to the customers to improve their finances. Financial institutions will be focusing on unlocking and monetizing data to develop digital strategies using the advancements in cognitive technology.

With significant changes come sizeable challenges and responsibilities. As rapid digital innovation opens up larger windows of possibilities, they have also given third-party services the means to gain access to sensitive financial information, which eventually puts a client’s data and security at stake. This has marked a clear need for wealth management providers to devote their resources and attention toward stronger security systems.

The banking industry can expect a more efficient, streamlined and personalized array of solutions and services as wealth management companies are set to make finance management reliable and convenient in the upcoming years. With technological evolution redefining wealth management, organizations must invest in the right provider that caters to their specific requirements. Analyzing the company’s offerings, competencies, and achievements, the editorial team of Banking CIO Outlook has put together a list of wealth management solution providers who are at the forefront of providing cutting-edge technology solutions.

We present to you Banking CIO Outlook magazine’s “Top 10 Wealth Management Technology Solution Providers- 2019.”

    Top Wealth Management Technology Solution Companies

  • Accutech Systems Corporation, a wealth management technology solution provider, enables wealth managers, advisors, as well as trust officers to effectively strike conversations with beneficiaries in order to facilitate appropriate wealth transfer. With Accutech’s advanced end-to-end trust, investment, and wealth management solutions, clients can better connect with the next generation, thoroughly understanding their thoughts, perspectives, and how they intend to deal with their inheritance. This not only makes clients a reliable source in the eyes of the inheritors at an early age but also helps them retain their working relationships with families even after the passing of patriarchs/matriarchs

  • FIS


    FIS™ is a global leader in financial services technology, with a focus on retail and institutional banking, payments, asset and wealth management, risk & compliance, consulting and outsourcing solutions. Through the depth and breadth of our solutions portfolio, global capabilities and domain expertise, FIS serves more than 20,000 clients in over 130 countries. Headquartered in Jacksonville, Fla., FIS employs more than 55,000 people worldwide and holds leadership positions in payment processing, financial software and banking solutions

  • Hearsay Systems is a software-as-a-service (SaaS) digital marketing platform for the financial services that uses predictive analytics to help financial advisors to automate marketing tasks. The company offers complete client engagement solution for financial services, empowering advisors, and agents, to effectively use social media, websites, text messaging, and email to build stronger relationships with the customers which in other way help the business to grow. The company was founded in 2009 by former Microsoft employee Steve Garrity and Starbucks board member Clara Shih. They initially intended Hearsay to be used to help larger companies to promote their local branches via social media platform but ended up being described as a more general “social selling platform”

  • Model Capital Management LLC is a company focuses on asset allocation - the primary source of risk and returns relative to the market index. The firm follows a systematic, model-driven investment process for both strategic and tactical asset allocation strategies. Model Capital Management LLC works with financial advisors, RIAs, and other managers. It acts as a manager through sub-advisory arrangements and on platforms such as AssetMark and Model Capital Services

  • AdvisorEngine


    AdvisorEngine is a digital wealth management company that provides an end-to-end client relationship management and digital investment platform. Founded in 2014 by a team of experienced financial and technology executives, AdvisorEngine was the first company to integrate smart automation within a digital wealth management platform. This next-generation wealth management platform extends assistance to the investment advisors to help grow their business. With an emphasis on data, design thinking and technology, the firm delivers a unified experience across three core groups – clients, advisors, and business management teams – to address the most common pain points felt by rapidly growing advisory firms

  • Apex Clearing

    Apex Clearing

    Apex Clearing is a U.S.-based clearing and custody house that is powering the future of digital wealth management. As a technology firm, the company delivers speed, efficiency, and flexibility to firms ranging from innovative start-ups to blue-chip brands focused on growth. It’s fully-integrated, customized solutions allow registered investment advisors, digital advisors, fintech firms, broker-dealers, and full-service firms to reach more investors and deliver seamless digital experiences consumers expect. Founded in 2012 and based in Dallas – with offices in New York City, Chicago, and Portland, Oregon – Apex Clearing Corporation is registered with the SEC, a member of FINRA and a participant in SIPC

  • Ebix


    Ebix is a leading international vendor of On-Demand software and E-commerce services to the industries such as insurance, financial and healthcare. The organization proffers end-to-end solutions ranging from infrastructure exchanges, carrier systems, agency systems and risk compliance solutions to custom software development for all entities involved in the insurance industry. With 35+ offices across Australia, Brazil, Canada, India, New Zealand, Singapore, the US and the UK, Ebix powers multiple exchanges across the world in the field of life, annuity, health and property & casualty insurance while conducting in excess of $100 billion in insurance premiums on its platforms

  • Emotomy


    Emotomy is a white-label, end-to-end, highly customizable digital wealth-management platform specially designed for the financial institutions. With over $4 billion of assets on its platform, Emotomy allows client firms to efficiently manage their sales force and investors by offering a seamless suite of intuitive tools including portfolio research and construction, investment proposals, custom risk questionnaires, tailored client demographic profiling tools, paperless client onboarding, account reviews, billing and performance reporting

  • Fenergo


    Fenergo is a vendor of client onboarding lifecycle management software for corporate, investment, and private banks. Established in 2009, its onboarding technologies span front and middle office operations to offer banking clients with an end-to-end client lifecycle management solution that includes compliance and banking process management such as Onboarding compliance (KYC, CDD, AML, TDSI, MiFID II, FATCA, Dodd-Frank) Legal entity data management Product onboarding Collateral Management Client servicing Credit mitigants & collateral management. Its client base includes some of the world’s leading banks and prime brokerages, and its solutions help them to enhance client experience through faster and efficient onboarding, improved client set-up times and a more consistent client onboarding experience

  • Riskalyze


    Riskalyze a wealth management company that develops and publishes technology platforms for investment advisors. The Company offers a technology platform that empowers investment advisors to capture a quantitative measurement of the client risk tolerance, and use that data to win new clients, capture and meet expectations, and quantify suitability. Riskalyze markets its technology throughout the United States. It also operates a risk alignment platform that transforms the advisory industry by allowing investment advisors to capture a quantitative measurement of client risk tolerance. The platform uses its data to attract new clients, capture and meet their expectations, and quantify suitability