Wealth Management Software Market Size, Share & Trends Report

Wealth Management Software Market Size, Share & Trends Analysis Report By Advisory Mode (Human, Robo), By Deployment (Cloud, On-premise), By Enterprise Size, By End Use, By Application, And Segment Forecasts, 2019 - 2025

  • Published Date: Mar, 2019
  • Base Year for Estimate: 2018
  • Report ID: GVR-3-68038-071-2
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2018
  • Number of Pages: 159

Industry Insights

The global wealth management software market size was valued at USD 2.15 billion in 2018 and is expected to register a CAGR of 15.3% from 2019 to 2025. The market is expected to grow over the forecast period as individuals adopt innovative tools to manage their finances. In addition, financial advisors opt for digital wealth management tools to better serve their clients. The number of High-Net-Worth (HNW) individuals is growing and all these individuals need efficient solutions to manage their wealth.

At the same time, having realized that digital wealth management tools can be customized to provide relevant insights while ensuring compliance with regulatory requirements, financial advisories have started preferring digitally-automated tools over the conventional ones. While investors and investment managers are seeking digital channels of communication that can ensure easy access to the investment portfolio; Artificial Intelligence (AI), Robotic Process Automation (RPA), and the block chain technology, among others, are transforming the entire FinTech industry.

U.S. wealth management software market

Financial service providers are increasingly adopting open Application Program Interface (API) frameworks to sell their services and third-party products through the banks’ channels as well as other digital platforms. These frameworks are also allowing these service providers to access each other’s services and products mutually. On the other hand, conventional financial advisors are responding to the changing preferences of investors by opting for in-house platforms that can ensure the flexibility necessary to tailor their services and products to client requirements.

However, a large number of investors still rely on conventional asset management methods despite the availability of various digital tools. At the same time, investors are equally concerned about the security of critical information while using cloud-based solutions. These are some of the factors that are hindering the growth of this wealth management platform market.

Advisory Mode Insights

On the basis of advisory mode, the market has been segmented into human advisory, robo advisory, and hybrid. The robo advisory mode is efficient, cost-effective, and secured. Moreover, advances in technology, such as machine learning and cognitive computing, are further adding to the efficiency and improving the data-driven insights of the robo advisory mode while simultaneously reducing the operating costs for financial advisors.

Wealth management firms are investing aggressively in big data and advanced analytics to tailor the robo advisory mode to provide more specific and personalized financial advice. As a result, this advisory mode is gradually transforming into a self-service investment platform capable of gathering information from clients and deploying a computerized financial consultant to offer investment advice automatically using various complex algorithms. Thus, the segment is expected to witness the fastest CAGR over the forecast period.

Deployment Insights

On the basis of deployment, the market has been segmented into cloud and on-premise. Cloud is expected to remain the most preferred method of deploying wealth management tools as it offers benefits, such as reduced operating costs. Financial advisory firms based in the developing economies of Asia Pacific and Middle East & Africa (MEA) are particularly expected to prefer wealth managing solutions deployed on the cloud. The advantages associated with cloud-based deployment, such as easy access to data and flexible payment options, will drive the segment growth over the forecast period.

Application Insights

The portfolio, accounting, & trading management segment generated the highest revenue in 2018. The portfolio, accounting & trading management solutions can potentially help HNW individuals in managing their financial assets in an efficient and secure manner. The segment would continue to grow over the forecast period in line with the increasing number of HNW individuals worldwide. Moreover, these solutions are capable of providing real-time data and analytics that can help in making better investment decisions and can also help in optimizing management performance while enhancing the operational agility. Such capabilities bode well for the growth of the segment.

End Use Insights

On the basis of end use, the market has been segmented into banks, investment management firms, trading & exchange firms, and brokerage firms. The bank segment led the market in 2018 and is expected to retain its dominance over the forecast period. The global economy continues to strengthen and banks play a major role in managing the growing wealth and assets of individuals. Banks can leverage wealth management software to ensure a client-centric approach while managing the financial assets of individuals irrespective of the location.

These platforms can enable banks to augment their financial product portfolio and offer their clients adequate flexibility in creating investment portfolios. Moreover, the open architecture that forms the basis for these platforms can potentially enable seamless integration across various banking applications, thereby encouraging banks to adopt various capital managing solutions.

Enterprise Size Insights

On the basis of enterprise size, the market has been segmented into large enterprises and Small & Medium Enterprises (SMEs). SME is projected to emerge as the fastest-growing segment over the forecast period. Increasing demand for wealth monitoring software by SMEs to meet regulatory requirements and to reduce asset monitoring costs is expected to boost the segment growth.

Europe wealth management software market

The number of SMES in emerging economies like India and China is growing and is subsequently driving the demand for wealth managing software. Furthermore, rising adoption of IT infrastructure by such enterprises to enable digital services to improve their business capabilities is expected to drive the demand further.

Regional Insights

North America led the market in terms of revenue and is expected to maintain its dominance over the forecast period. The region has a number of HNW individuals and all these individuals have been actively subscribing to advanced financial advisory services. Additionally, increasing number of Small- and Medium-sized Enterprises (SMEs) in the region is further expected to drive the demand. The wealth management platform market in Asia Pacific is expected to witness the highest CAGR over the forecast period. This growth can be attributed to the rising number of HNW individuals in Asia Pacific.

Wealth Management Software Market Share Insights

Key players in the market include Fiserv, Inc.; Temenos Headquarters SA; Fidelity National Information Services, Inc.; Profile Software; SS&C Technologies Holdings, Inc.; SEI Investments Company; Finantix, Comarch SA; Objectway S.p.A.; and Dorsum Ltd. These companies have undertaken various strategies, such as mergers & acquisitions, strategic partnerships, and product upgrades, to increase their market share.

For instance, in October 2015, Fiserv, Inc. partnered with InvestEdge, Inc. to provide access to a myriad of customized reporting solutions and data management solutions to investors and advisory firms that operate managed account portfolios on Fiserv, Inc.’s Unified Wealth Platform. The Unified Wealth Platform would be seamlessly integrated with InvestEdge, Inc.’s capabilities to display client account data and customized reports in real time and provide access to an intuitive portal for investors.

Report Scope



Base year for estimation


Actual estimates/Historical data

2014 - 2018

Forecast period

2019 - 2025

Market representation

Revenue in USD Billion and CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Latin America, and MEA

Country scope

U.S., Canada, U.K., Germany, China, India, Japan, and Brazil

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of the customization

Segments Covered in the Report

This report forecasts revenue and volume growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global wealth management software market report on the basis of advisory mode, deployment, application, end use, and region:

  • Advisory Mode Outlook (Revenue, USD Billion, 2014 - 2025)

    • Human Advisory

    • Robo Advisory

    • Hybrid

  • Deployment Outlook (Revenue, USD Billion, 2014 - 2025)

    • Cloud

    • On-premise

  • Application Outlook (Revenue, USD Billion, 2014 - 2025)

    • Financial Advice & Management

    • Portfolio, Accounting, & Trading Management

    • Performance Management

    • Risk & Compliance Management

    • Reporting

    • Others

  • Enterprise Size Outlook (Revenue, USD Billion; 2014 - 2025)

    • Large Enterprises

    • Small & Medium Enterprises (SMEs)

  • End Use Outlook (Revenue, USD Billion, 2014 - 2025)

    • Banks

    • Investment Management Firms

    • Trading & Exchange Firms

    • Brokerage Firms

    • Others

  • Regional Outlook (Revenue, USD Billion, 2014 - 2025)

    • North America

      • U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

    • Asia Pacific

      • China

      • India

      • Japan

    • Latin America

      • Brazil

    • Middle East & Africa (MEA)

Key questions answered by the report
Request for Customization

Choose License Type

Single User - $5,950
Multi User (2-5) - $6,950
Enterprise Access - $8,950

Buy Chapters or Sections

Avail customized purchase options to meet your exact research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Why Choose Us

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert.

  • Custom research service

    Custom research service

    Design an exclusive study to serve your research needs.

  • Quality assurance

    Quality assurance

    A testimonial for service in the form of BBB "A" Accreditation.

  • BBB Rating dandb
  • Information security

    Information security

    Your personal and confidential information is safe and secure.

  • grand view research PCI DSS complaint grand view research paypal verified