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

Top 10 Wealth Management Technology Consulting/Services Companies - 2019

Wealth management sector is under tremendous transformation thanks to technological advancements.  Technology continues to play a significant role in wealth management as it improves the returns and creates added value to the service providers and investors alike. Cognitive technologies such as artificial intelligence, machine learning and data analytics will change the way wealth management and stock valuations are analyzed. Combining advanced AI algorithms along with RPA will result in the solutions becoming self-learning and independent, especially in the areas of financial literacy, portfolio management and financial planning.

Solutions are being developed to reduce negative cognitive biases that affect investments and hurt margins. Organizations are combining advanced features with their solutions to help wealth management firms in growing their businesses effectively. Wealth management firms are also beginning to study their prospective clients’ prior investment patterns, behaviours and values to provide the best-fit product s and services to their customers.

Technologically advanced service providers are utilizing VR and AR to visually educate clients on investment performances and the potential future impacts of their investment decisions. Apart from providing clients and advisors with virtual trading experience, cognitive technologies are also being used to visualize massive sets of data for organizations to make informed decisions. With IoT and big data, organizations can obtain the clients’ expenditure data with the information that is consolidated from the sensors in the connected devices. This enables providers to personalize better their services based on the clients’ requirements and the returns needed by them to maintain or improve their wealth.

Organizations are turning toward services using chatbots and virtual assistants that can understand customer queries to be able to guide the clients according to their demands. AI-based tools that can be integrated with an organization’s existing system are being developed to provide recommendations to clients with varied tax situations, wealth-structuring preferences and values. Services are being designed to secure a clients’ financial future and initiate a solid plan to achieve financial goals. Some of the areas that utilize these services include retirement planning, investment management, tax, estate and college planning.

Wealth management advisors are also making use of customized wealth management platforms which contains engaging features to attract clients. With an active portfolio management structure, advisors can focus on growing their business as the platform takes care of their numerous requirements. The services platform streamlines dozens of time-consuming tasks while reducing the costs effectively.

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 service providers who are at the forefront of providing cutting-edge technology solutions.

We present to you “Top 10 Wealth Management Technology Consulting/Services Companies-2019.”

    Top Wealth Management Technology Consulting/Services Companies

  • Finivi is a fee-based financial planning and investment management firm mainly focused on providing actionable advice and clear guidance in all areas of financial planning and investing. Their range of services include investment management, retirement planning, estate planning and financial planning for women. The team at Finivi aims to provide their clients with a clear, actionable advice designed to help improve their quality of life. They also offer bitcoin and cryptocurrency consulting services. Based in Westborough, MA, they help clients make socially responsible investments

  • Personal Capital is a financial services company based in Redwood City, CA. They help their clients understand, and manage their money well, to help them live confidently and retire well. The company has a free online tool that helps users view all accounts in a single place. The team at Personal Capital will leverage these tools to provide personalized wealth management advice that can be trusted and easily understood. Personal Capital aims at transforming how their clients track and manage their financial life

  • Agreement Express

    Agreement Express

    Agreement Express, based in Vancouver, Canada, is a wealth management company and client onboarding automation provider. The company helps its clients grow their revenue, drive down costs, and simplify compliance with a single client onboarding platform. The platform enables wealth management and payments companies to deliver a consistent customer application, approval, and onboarding experience across their product offerings and channels. The client onboarding platform is one of the first to help top performing finance firms gather, use, and re-use client data to improve and evolve rich customer experiences

  • Betterment


    Based in New York, NY, Betterment is an online financial firm that advises clients to help them make the most of their money. Betterment provides personalized, fiduciary advice for retirement planning, building wealth, and other financial goals. They also invest the clients' money, working to lower their taxes and increase long-term returns. Betterment Everyday, their savings and checking platform seamlessly integrates with the clients' Betterment investments. The team at Betterment aims to help clients invest and gain the most returns possible

  • Broadridge


    Broadridge provides its clients with advanced communications, technology, data and analytics solutions for the financial services industry and businesses. Their range of financial services includes asset management, capital markets, consumer finance, insurance, retail banking and wealth management. They cater to clients from the healthcare, telecom, utilities and other corporations. The company helps its clients overcome today’s challenges to capitalize on what’s next in communications, technology, and data and analytics solutions that help transform their businesses. Headquartered in New York, NY, they provide services to firms internationally

  • Demand Wealth

    Demand Wealth

    Demand Wealth Management helps its clients to secure their financial future, and develop a solid plan to achieve financial goals. The company specializes in retirement planning, investment management, tax planning, estate planning and college planning. They also offer general financial planning, divorce planning, elder planning, inherited wealth planning, green investing and vegan-vegetarian investing among many others. The company caters to clients of all ages. The team at Demand Wealth Management assesses clients' unique financial circumstances and develop strategies that are customized to their needs

  • DriveWealth


    DriveWealth is Fintech company based in Chatham, NJ. The company's platform provides a modern suite of APIs that enable the creation of innovative financial experiences in communities where new investors can be reached. DriveWealth was founded with the objective of democratizing investing in the U.S. stock market by making it available to everyone, globally, and at an affordable cost. The team at DriveWealth aims to empower their clients to shape the future of investing. The company specializes in wealth management and brokerage services

  • FactSet


    FactSet provides integrated software and data solutions for investment professionals. FactSet creates flexible, open data and software solutions for investors around the world. The company provides instant access to financial data and analytics, which investors can use to make crucial decisions. Their range of services include idea generation, research management, risk analytics, quantitative research, portfolio analytics, regulatory compliance, client and portfolio reporting, and performance measurement and attribution among many others. With its headquarters in Norwalk, CT, the company caters to clients in over 20 countries

  • Hedgeable


    Hedgeable is a investment management company based in New York, NY. The team at Hedgeable aims to change to way investing is today. The company is known to offer sophisticated portfolio customization, automated intelligent rebalancing and robust platform features. The product features include downside protection, account aggregation, SRI investing, access to alternative investments like bitcoin and venture capital, client rewards, and much more. Hedgeable is a financial firm that innovates, disrupts, and listens, to give the clients an end to the high fees, low transparency, and watered down products

  • SimCorp


    Based In New York, NY, SimCorp is known for providing integrated front-to-back investment management solutions to asset managers, fund managers, asset servicers, pension and insurance funds, wealth managers and sovereign wealth funds. SimCorp Dimension®, its investment management system, gives clients a real-time overview of their entire business in one system, which enable them to make better investment decisions. Their services include standard delivery service, regulatory compliance service, managed business and data service, value accelerator service, managed application service, and infrastructure and platform service among many others