"Smart Strategies, Giving Speed to your Growth Trajectory"

Wealth Management Platform Market Size, Share & Industry Analysis, By Deployment (Cloud, and On-premise), By Enterprise Size (Large Enterprise, and SMEs), By End-user (Banks, Trading Firms, Investment and Management Firms, Brokerage Firms, and Others), and Regional Forecast, 2024-2032

Last Updated: July 01, 2024 | Format: PDF | Report ID: FBI106079



Play Audio Listen to Audio Version

The global wealth management platform market size was valued at USD 2.95 billion in 2023. The market is projected to grow from USD 3.31 billion in 2024 to USD 8.50 billion by 2032, exhibiting a CAGR of 12.5% during the forecast period.

Over the projected period, the wealth management platform market share is expected to rise due to the growing requirement to automate the wealth management process. These platforms may be a cost-effective option for consumers who want to automate operations and manage their assets. Affluent customers are focused aggressively on diversifying their investments, accomplishing personal goals, preserving financial stability, and protecting their money. However, a looming lack of basic investing expertise is preventing these wealthy individuals from completely realizing their financial objectives. As a result, wealth managers have begun to use wealth management platform to give more personalized and holistic investing services to their customers.

This is emerging as one of the primary drivers of wealth management software usage. The market is expected to increase due to the rising desire for digital wealth management solutions among High-Net-Worth Individuals (HNWIs). Also, the market experienced moderate growth amid the COVID-19 pandemic. The market seeks to recoup losses caused by the pandemic through increased investments in the financial sector that will aid in the development of products and services on a global scale, attracting the requirements and interest of the target audience in various global regions.

  • For instance, in September 2021, the India brand equity foundation (IBEF) quoted that the HNI and UHNWI categories in India have grown significantly in the previous decade, driving demand for wealth management services.

Using different analytical techniques, wealth management solutions may also assist HNWIs in better structuring their wealth management goals. The deployment of cutting-edge adviser technology is picking up steam.

Wealth Management Platform Market Trends

Need to Provide Improved Experience in Financial Firms to Surge Demand for Wealth Management Platform

Financial organizations are primarily concerned with improving the client experience by offering integrated solutions via unified platforms. Banks have been replacing traditional, in-house core banking systems in order to provide next-generation banking and financial experience.

Wealth management platform boost bank clients' trust, leading to more robust engagement and increased investment willingness. The platform is expected to meet the high demand for advisory services while minimizing administrative and operational expenses, resulting in a effectiveness and efficiency across the advisory network. Wealth management tools have been launched by a number of banks.

  • For Instance, in February 2024, Avaloq forged a new partnership with Security Bank based in Makati. The bank sought to digitize its wealth management business using the Avaloq Core Platform and planned to introduce Avaloq’s Relationship Manager Workplace solution to bolster its front office. This new collaboration aimed to streamline the bank’s operations further while enhancing the client experience.

Request a Free sample to learn more about this report.

Wealth Management Platform Market Growth Factors

Increased Digitization and High Adoption of Automation to Propel Market Growth

Many firms throughout the world are working on speeding up digitalization, improving operational efficiency, and boosting client connections. As a result, the adoption of financial advisory and management solutions in many end-use sectors is likely to accelerate. Organizations may use wealth management tools to keep track of transactions and better manage their assets. Technological breakthroughs in blockchain and artificial intelligence (AI) are expected to drive market expansion throughout the forecast period. The AI system keeps track of the customer's spending and provides them with appropriate recommendations. The blockchain and AI follow the customer's spending and record trend and create estimations based on that information. The system generates advice and offers support to the consumer based on these estimations to help them manage their spending more efficiently.

Furthermore, enhanced security and protection for client data allows organizations to preserve customer relationships, which are some of the other reasons projected to fuel the worldwide market growth.


Lack of Awareness and Trust to Hamper Growth of Market

The market faces growth challenges during the forecast period due to a lack of understanding among the target audience about the need for wealth management and the benefits that market operations have in store for the target audience and potential consumers. Also, one of the most significant criteria is to establish trust, which the potential customers are taking time to develop and render important information.

  • According to a survey conducted by the executive search agency Kathy Freeman Company, two-thirds of executives in the wealth management, fintech industries, and asset management "need a fundamental knowledge of how to attract the next generation of personnel."

Therefore, aforementioned factors are hampering the global wealth management platform market growth.

Wealth Management Platform Market Segmentation Analysis

By Deployment Analysis

Steady Obtainability and Availability Features of Cloud-based Model to Upsurge its Deployment among Enterprises

Based on the deployment, the market has been divided into cloud and on premises. Out of these, the cloud seizes largest market share as it allows organizations to carefully monitor their applications and services positioned in the cloud, offering indispensable valued data, insights and alerts as well as probable forthcoming commotions or concerns. It also involves accessing tracking queries, reviewing processes, data integrity, charting cloud-database resource usage and tracking obtainability.

The key advantage of a cloud-based solution is that it is easy to handle and that the organization does not have to worry about installation, maintenance, and configuration tasks. The cloud provider is in charge of everything. The cloud-based concept is ideal for businesses that want the flexibility to grow at any time. On the other hand, corporations managing massive internal infrastructure, banks and financial institutions, and organizations with a devoted internal monitoring staff choose the on-premise option.

By Enterprise Size Analysis

Acceptance of Digitization by SMEs to Drive Market Growth during Forecast Period

Based on enterprise size, the market has been classified as large enterprises and SMEs.  The large enterprises accounts for largest market share as they create and store huge amount of data in databases, which requires to be observed recurrently and proficiently. Likewise, database monitoring is vital for large enterprises those are seeking to maximize database uptime, preserve high yield and deliver database enquiries quickly.

SMEs are predicted to grow at highest CAGR during forecast period. Groundbreaking and technology-based SMEs are attaining attention from tech giants in terms of capitalization. They have begun amalgamating progressive technologies and software in their businesses procedures for smooth working.

By End-user Analysis

To know how our report can help streamline your business, Speak to Analyst

Requirement to Administer Huge Data in Bank and Economic Institutes to Bolster Market Growth

Healthcare, government, banks and monetary institutes, IT and telecom, retail, among others (education, airlines and others) are some of the end use industries of wealth management software. Among these, banks and financial institute’s holds maximum share in the market; while retail is anticipated to be the quickest-developing sector during the mentioned period. The rise of retail investors in financial markets, driven by easier access to investment platforms and the democratization of investing through apps and educational resources, has significantly expanded the retail wealth management sector.

Banks and financial institutes generates huge unmanageable data as millions of customer access mobile apps and banking websites from manifold devices. The wealth management software allows financial services companies and banks to administer transactions and manage their wealth.


The market is divided into five primary regions: North America, South America, Europe, the Middle East and Africa, and Asia Pacific. They are further classified into countries.

North America Wealth Management Platform Market Size, 2023 (USD Million)

To get more information on the regional analysis of this market, Request a Free sample

North America holds the largest market share and is estimated to preserve its dominance over the forecast period. Wealth management services are becoming increasingly important in North America in order to attract and keep successful retail customers. For example, rich mass customers in the region account for a sizable share of retail banks' net income. Many of the region's diverse financial service organizations are growing their wealth management activities. Besides, the existence of prime players in the nation is driving the growth of the market.

To know how our report can help streamline your business, Speak to Analyst

Asia Pacific is likely to be the fastest-growing market throughout the forecast period. The region is expected to provide more chances for financial advisers owing to the rising usage of digital platforms.

Europe to hold significant market share in coming years. Europe's high net worth individual population and wealth have increased rapidly, putting it third behind North America, which ranks second owing to its high net worth person population and wealth. For instance, in January 2024, Objectway, a fintech company specializing in asset and health management based in Italy, revealed its acquisition of Nest Wealth, a digital wealth solutions provider headquartered in Canada. With this acquisition, Objectway seeks to broaden its capabilities and geographical reach in North America, aspiring to establish itself as a global partner for the wealth management industry.

Middle East and Africa is expected to have a steady growth in the coming period, this is because a number of western banks with wealth management businesses are focusing on making the region a World’s financial hub. This will further lead the region to attract new investors, which will help the market to grow steadily.

South America is also anticipated to grow at a moderate rate as family owned companies are making use of this technology in their daily operations.

List of Key Companies in Wealth Management Platform Market

Companies are Launching New Products to Expand Their Product Offerings and Business

The market players anticipate to magnify their customer base by procuring novel customer, expand their prevailing customer base, launching new products, expand their technology guidance through constant capitalizations in research and development, and expand internationally through partnerships and collaborations.

  • June 2021– BMO Harris Bank expanded its relationship with FIS, a financial service technology provider, to transform its core banking systems to aid the bank’s growth vision in the U.S.

  • January 2021 – D-fine collaborated with Avaloq's to implement and upgrade projects in Switzerland and Germany, by leveraging d-fine’s profound expertise in banking regulation and strong technical capabilities.

List of Key Companies Profiled:

  • SS & C Technologies, Inc. (U.S)

  • Fiserv Inc. (U.S.)

  • FIS (U.S.)

  • Profile Software (Greece)

  • Broadridge Financial Solutions, Inc. (U.S.)

  • InvestEdge, Inc. (U.S.)

  • Temenos Headquarters SA (Switzerland)

  • InvestCloud (U.S.)

  • SEI Investments Company (U.S.)

  • Comarch SA (Poland)

  • Dorsum Limited (Hungary)

  • Avaloq Group AG (Switzerland)


  • March 2024: Independent Financial Group, LLC (IFG) fortified its continuous collaboration with Envestnet, enhancing its network of over 600 independent financial professionals' access to Envestnet's array of wealth management solutions. This facilitated clients in managing both aspects of their balance sheet by leveraging cash and credit management solutions from the Envestnet Credit Exchange.

  • March 2024: Othis, a European wealth technology company, reveals its debut product as the first step toward evolving into a comprehensive wealth management service provider directly catering to individuals and families. Tailored for individuals and families possessing diversified asset portfolios, Othis's initial offering aims to address alternative assets typically outside the scope of traditional financial institutions, including venture capital.

  • March 2024: The creators of the cryptocurrency unicorn CoinSwitch introduced PeepalCo, a unified brand designed to encompass autonomous entities. These include CoinSwitch, an investment platform, and a wealth management platform tailored specifically for high net worth individuals (HNIs).

  • February 2024: Schroders Personal Wealth (SPW) introduced its platform to enrich the journey and experience of clients. This significant strategic advancement empowers SPW to internalize the control and oversight of client money and investments. Supported by renewed partnerships with SEI and Benchmark's Wealth Management Platform, the new platform enables SPW to provide clients with integrated advice, investment, and platform services.

  • January 2024: BajajCapital and WebEngage forged a strategic partnership aimed at transforming their customer engagement strategies. This collaboration underscores BajajCapital's dedication to prioritizing impactful and favorable customer interactions on a large scale within the BFSI sector. The strategic alliance seeks to drive significant enhancements and innovation in the company's customer interactions, emphasizing a more customer-centric approach.


An Infographic Representation of Wealth Management Platform Market

To get information on various segments, share your queries with us

The wealth management platform market report provides an in-depth analysis of the market. It focuses on key aspects such as leading companies, product Industry, and leading product applications. Besides this, the report offers insights into the market trends and highlights key industry developments. In addition to the factors mentioned above, the report encompasses several key factors that have contributed to the market's growth over recent years.

To gain extensive insights into the market, Request for Customization




Study Period


Base Year


Estimated Year


Forecast Period


Historical Period


Growth Rate

CAGR of 12.5% from 2024 to 2032


Value (USD Billion)


By Deployment

  • Cloud

  • On-premise

By Enterprise Size

  • Large Enterprise

  • SMEs

By End-user

  • Banks

  • Trading Firms

  • Investment and Management Firms

  • Brokerage Firms

  • Others (Asset Management Firms, and Others)

By Region

  • North America (By Deployment, By Enterprise Size, By End-user, and By Region)

    • U.S. (By End-user)

    • Canada (By End-user)

    • Mexico (By End-user)

  • South America (By Deployment, By Enterprise Size, By End-user, and By Region)

    • Brazil (By End-user)

    • Argentina (By End-user)

    • Rest of South America

  • Europe (By Deployment, By Enterprise Size, By End-user, and By Region)

    • U.K. (By End-user)

    • Germany (By End-user)

    • France (By End-user)

    • Italy (By End-user)

    • Spain (By End-user)

    • Russia (By End-user)

    • Benelux (By End-user)

    • Nordics (By End-user)

    • Rest of Europe

  • Middle East & Africa (By Deployment, By Enterprise Size, By End-user, and By Region)

    • Turkey (By End-user)

    • Israel (By End-user)

    • GCC (By End-user)

    • North Africa (By End-user)

    • South Africa (By End-user)

    • Rest of the Middle East & Africa

  • Asia Pacific (By Deployment, By Enterprise Size, By End-user, and By Region)

    • China (By End-user)

    • India (By End-user)

    • Japan (By End-user)

    • South Korea (By End-user)

    • ASEAN (By End-user)

    • Oceania (By End-user)

    • Rest of Asia Pacific

Frequently Asked Questions

The market is projected to reach USD 8.50 billion by 2032.

In 2023, the market size stood at USD 2.95 billion.

The market is projected to grow at a CAGR of 12.5% over the forecast period.

Cloud segment is likely to lead the market share over 2024-2032.

The rising desire for digital wealth management solutions among High-Net-Worth Individuals (HNWIs).

SS & C Technologies, Inc., Fiserv Inc., FIS, Profile Software, Broadridge Financial Solutions, Inc., InvestEdge, Inc., Temenos Headquarters SA, InvestCloud, SEI Investments Company, Comarch SA, Dorsum Limited, Avaloq Group AG

North America region is expected to hold the highest market share.

Asia Pacific is expected to grow with the highest CAGR.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts

Speak to an Expert
  • 2019-2032
  • 2023
  • 2019-2022
  • 140

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.