Capital market is the part of the financial system that deals with shares, bonds, and other long-term investments. Wealth management is an essential process in capital marketing because investors need to realize which would be the best asset to invest their hard-earned money. This is where wealth managers help investors. Today, leading wealth managers leverage a plethora of solutions that incorporate innovative technologies such as AI, extended reality (XR), IoT, and so on to drive their clients’ success.
Many solutions that have come up in the market today leverage the power of AI in the decision-making process to reduce the errors and to offer advice that would benefit not just the clients of these wealth management firms, but also the society at large. Add to that virtual and augmented reality technologies, and the customer experiences become more immersive by removing the whole concept of distance. Wealth management firms can offer their customers an in-office experience through XR—a combination of VR and AR. Additionally, with the technological advancements in AI, XR, and connected devices, firms now have access to a large pool of information that they can leverage to provide more profound insights and more interactive customer experiences to their clients.
While the utilization of cutting-edge technology ensures a long-term growth for wealth management firms, it is simultaneously an uphill task for them to zero in on one from the extensive assemblage of solution providers. To make this task easier, we have assessed the top companies that implement the current technological trends to solve the issues in wealth management. A distinguished panel comprising CEOs, CIOs, VCs, Analysts and the editorial board of Capital Markets CIO Outlook has selected a list of top wealth management solution providers.
We present to you Capital Markets CIO Outlook’s “Top 10 Wealth Management Solution Providers - 2018.”