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© 2016 Global Market Insights, Inc. USA. All Rights Reserved  On the basis of deployment type, wealth management software market can be fragmented into two types, cloud and on-premise. The cloud system is expected to grow at a fast pace. The system offers various benefits to the manufacturer such as reduced cost of operation, flexibility in payment options, scalability of the system, access from anywhere, low deployment & maintenance cost, and easy handing over of commands. These benefits are expected to boost the growth of the cloud wealth management software market over the forecast period.  Wealth Management Software Market size is estimated to grow at a significant CAGR from 2019 to 2025 driven by growing number of High Net Worth Individuals (HNWI). Wealth management of the growing number of people in the traditional way is a risky and tricky task for wealth management organizations. Due to this reason, the demand for systems or tools, which can automate the process of wealth management is growing continuously. To make this task simpler, organizations are shifting toward digital platforms. This demand for wealth management systems is especially growing in banks, insurance firms, trading houses, forex traders, asset management firms, and brokerage firms. This system helps to keep transaction records and manage wealth in an efficient way. Overview of Wealth Management Software market

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Another factor that drives the wealth management software market is the lowering of the operational cost and the enhancement of customer service. The lowering of the cost is carried out by the wealth management software by including the use of robot advisors. This use of robot advisors’ aids in honest advice based on the financial conditions of the customers and eliminates human intervention in the process. Along with these benefits, users receive the correct advice and enhanced experience from the financial firms while the company saves operational costs. This factor is driving the growth of the wealth management software in the upcoming period.  The technological advancement in the field of AI and blockchain will also drive the growth of the wealth management software market. The AI system tracks the expenses of the customer and advises accordingly. This aids the customer to avoid frequent visits to the advisors. The AI and blockchain track the record & the expense pattern of the customer and make predictions accordingly. Based on these predictions, the system generates advice and helps the customer to manage the expenses and wealth. Continue…

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© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Based on the mode of advisory, wealth management software market is divided into three types, robo advisory, human advisory, and hybrid. Robo advisory is expected to grow at the highest speed. This type of advisory provides low-cost alternatives over human advisory and this process is available to the customer day in, day out. Along with this, robo advisory provides numerous facilities such as ease of use, diversified service, low-cost fees structure, and low investment cost.  The key players in the field of the wealth management software market are Broadridge, Comarch SA, Dorsum, Finantix, FIS, Fiserv, Investedge, Objectway, Profile Software, SEI Investments Company, SS&C Technologies, and Temenos.  In December 2017, Comarch SA received the Cisco Gold Partnership Certificate from its strategic partner, Cisco. Comarch met the high service standards set by Cisco, such as deep technical expertise, world-class business practices, high-quality service, and excellent post- sales services, for all Cisco portfolio products. This certification is expected to strengthen the partnership between Cisco and Comarch. Continue…

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