Advisor Technologies to Seize the Digital Opportunity: Comparing Vendor Solutions
Report Summary
Advisor Technologies to Seize the Digital Opportunity: Comparing Vendor Solutions
The ideal technology strategy and partner are critical success factors for digitalizing wealth management firms.
Boston, October 27, 2016 – Dozens of business-to-business digital wealth platforms have emerged to help incumbent advisory firms digitize their practice. These fintech firms either provide technology to support digital client engagement or digital investment management. What are the key considerations wealth management firms must take into account when developing a digital advisor strategy and choosing a vendor solution?
Based on early 2016 Aite Group interviews with 10 North America-based digital wealth platform providers, this report examines how digital advisor technology platforms are positioned to help advisors build their practice- and portfolio-management capabilities while improving their engagement with clients. The vendor platforms in this study each offer client acquisition capabilities such as account opening, the ability to deliver and manage algorithm-based online investment portfolios, and tools that support advisor efficiency and advisor/client engagement. The profiled vendors are ASI, Charles Schwab, e-Money Advisor, Envestnet, Folio Institutional, Invessence, Marstone, Oranj, Trizic, and Vanare.
This 75-page Impact Report contains 33 figures and six tables. Clients of Aite Group’s Wealth Management service can download this report and the corresponding charts.
This report mentions Ameritrade, BBVA Compass, Betterment, BlackDiamond, BlackRock, ByAllAccounts, Charles Schwab, DocuSign, Fidelity Investments, Finance Logix, FolioDynamix, FutureAdvisor, Google, Grendel, Hidden Levers, Interactive Brokers, Intuit, Invesco, iRebal, Jemstep, J.P.Morgan, LPL, MoneyGuidePro, MyVest, Orion, Pershing, Quovo, Royal Bank of Canada, Redtail, Riskalyze, Salesforce, Scottrade, SigFig, SS&C, State Street Global Advisors, TD Ameritrade, TIAA, UBS, Vanguard, Wealthfront, and Yodlee.