The Market Map

Best WealthTech Providers 2021

Your comprehensive guide to the Digital Wealth Management market and the best WealthTech providers. Who does what, who operates where and who’s the best fit for your needs.


Digital Age Wealth Management

The banking industry is transitioning from the industrial age to the digital, networked age. During such a transition, established market-assessment criteria like the size of a company or the soundness of their 3-year strategic plan lose their relevancy. Because what matters is experimentation at scale.

During this transition, the playing field between big companies and smaller companies is levelling, as every company becomes a start-up. That is, every company, irrespective of size, is now in search of a new business model.

We get very different outcomes compared to conventional evaluation studies. A lot of smaller vendors rise up the rankings thanks to advanced technology and flexible architectures. And for incumbent software vendors, it clearly distinguishes those that have kept up with technology change and those that haven’t.

This report provides a fresh perspective and methodology for how to evaluate software solutions in the digital age. Much overdue and much recommended.”

Mark Bagnall
former COO and CTO of EFG Private Bank

Who is this report for?

People buying or selecting software looking to access a digital-age framework for assessing external systems and their digital readiness.

VCs / Private Equity and buy-side analysts looking at the digital readiness of potential software investments.

Strategists interested into consumer, technology and business model trends transforming the wealth management industry.

What you can find inside

The Market Map, a new software evaluation methodology designed to assess the key criteria for systems in the digital age. It takes as its focus the capacity for innovation. More specifically, it looks at two axes: the ability of wealth management software solutions to help firms capitalize on new technologies to improve customer propositions, and the ability of solutions to help firms to adapt or launch new business models for the digital age. It contains:

  1. Overview: A decisive step into the future
  2. Executive Summary
  3. How changing demographics affect wealth management
  4. How changing demographics influence customer preferences
  5. Five technology trends impacting wealth management
  6. New business models in wealth management
  7. Digital-era business models require digital-era systems
  8. Selecting the right digital era solutions for wealth management
  9. Appendix (Methodology, Glossary, Company profiles)

The information to make this assessment came from Request for Information (RFI) responses received from the vendors, which were supplemented by vendor demos, channel checks (speaking to customers, employees, experts) and desk research.