The wealth management arena has been in the midst of a disruptive change ever since the COVID-19 hit the economy and businesses alike. Wealth managers are drastically adopting innovations in technology to remain competitive. Advancements in big data analytics help them not only achieve deep insights into their products and services but also provide greater value for their clients. On the other hand, artificial intelligence (AI) drives the development of new applications that dramatically improve both front and back-office operational efficiency.
New debiasing techniques demonstrate significant potential in analyzing a broader range of data affecting investment-related decisions, increasing profits while allowing fund managers to develop winning strategies based on logical reasoning rather than intuition. At the same time, the emergence of digital channels in wealth management increases customer loyalty and, consequently, the return on investment (ROI) for investors. Furthermore, this trend is opening up additional revenue streams as wealth management companies are leveraging customer data through technology providers. Besides, the internet of things (IoT) is enabling wealth management companies to discover new ways for leveraging client data. Additionally, wealth management firms are leveraging agile distribution models to respond to customer needs more dynamically.
As such, the technological progressions in the arena are opening up a universe of new possibilities for wealth management solution and service providers. This implies that enterprises looking for companies providing robust wealth management solutions and services have to choose from a plethora of options.
To make this task easier and assist leaders in identifying the right wealth management solution providers, Capital Markets CIO Outlook presents to you, “Top 10 Wealth Management Solution Providers 2021 & Top 10 Wealth Management Service Companies 2021.” A distinguished panel comprising CEOs, CIOs, VCs, Analysts, and the Capital Markets CIO Outlook editorial board has selected the most promising wealth management solution and service providers. In our selection process, we looked at the company’s offerings, core competency, news/press releases, client testimonials, milestones, and other recognition.
