According to a recent market study published by Growth Market Reports, titled, Global Wealth Management Software Market by Advisory Mode, Deployment, Enterprise Size, Application, End Users, and Regions: Size, Shares, Trends and Opportunity Analysis, 2016-2031, the market was valued at USD 4,172.9 Million in 2022 and is expected to expand at a growth rate of 12.4% by the year 2031. The overall incremental opportunity of the market is estimated to be USD 7,404.5 Million from 2022 to 2031.

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As per Growth Market Reports industry analyst Akash Vedpathak, the wealth management software market is anticipated to witness significant growth during the forecast period, 2023-2031. Integration with artificial intelligence (AI) & machine learning (ML), constant rise in high-net-worth individuals (HNWIs), and compliance with stringent industry regulations are anticipated to fuel the demand for the global wealth management software market during the forecast period. Conversely, cybersecurity threats and oscillation in pricing hamper the growth of the wealth management software market. Trend toward blockchain technology is expected to create numerous opportunities for the market growth during the forecast period.

A wealth management platform is a tool used for high-net-worth individuals (HNWIs) to manage wealth operations in a calibrated manner by leveraging technological innovations and strategies. The platform offers assistance to investors and wealth managers to plan and execute wealth objectives efficiently using several analytics methods. Wealth management software caters to the needs of financial advisors, asset managers, and finance management firms by providing tools for portfolio management, investment analysis, client relationship management, reporting, and compliance. The frontend components of a wealth management software include user interface (UI), user experience (UX), and client portal. The backend components include application server, business logic, and database management system.

The term supply chain refers to the steps involved in transforming an idea into a good or service through a series of intermediate production, distribution, and disposal stages. The supply chain of wealth management software includes all of the processes and activities that occur between the creation of the software and its delivery & support to end users. These processes include research & development, production distribution, licensing & activation, customer support, and updates & upgrades. The end users of wealth management software market are trading & exchange firms, brokerage firms, banks, investment management firms, and others.

The primary as well as secondary research methodology is used for keen observation and study of the wealth management software market. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects. Primary interviews were conducted with the stakeholders across industry verticals at regular intervals in line with the ongoing studies and to keep ourselves abreast with the latest market trends & developments. Validation of the estimated market size, and current and future trends done by the key opinion leaders (KOLs). These KOLs are the CXO level people from leading companies in the industry and possess experience of around 10-20 years in the industry. Conversely, the secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights, and other KPIs. Company websites, their SEC filings, annual reports, broker & financial reports, and investor presentations are scanned for understanding the competitive scenario, details & developments, and the overall competitive landscape. Regional government and statistical databases were analyzed for macro & microanalysis. Research publications and paid data are referred to obtain and validate the market estimations, budget, expenditure, and other statistical insights.

In 2020, the COVID-19 pandemic had a negative impact on the global wealth management software market. Beginning in late February, governments across the globe made efforts to control the crisis by imposing public health mandates and social distancing guidelines, which effectively shut down large portions of the global economy. Confidence in financial markets plummeted, and investors across the globe sought to preserve and build liquidity. The total return on global stocks sharply declined in 2020, which contributed to a substantial decrease in the demand for wealth management software. The pandemic also posed challenges for the revenue and profitability of wealth management firms, as they faced low fees, high costs, and increased competition. The market volatility and uncertainty caused by the pandemic reduced the assets under management (AUM) and the transactional revenues of many firms. Moreover, the pandemic intensified the competition from fintech players, robo-advisors, and big tech firms, who offered low-cost, innovative, and convenient wealth management solutions.

Key Takeaways from the Study:

  • Based on advisory mode, the global wealth management software market is divided into human-advisory, robo-advisory, and hybrid. The human-advisory segment held a significant market share in 2022. Human advisory is preferred by several HNWIs globally, owing to security concerns. This mode utilizes specialized data analysis technologies that consider the customer distinctive financial backgrounds while offering outcomes after being analyzed. The robo-advisory segment is projected to expand the at a significant CAGR during the forecast period, as robo-advisors are more efficient, accurate, and accessible than other options. Therefore, this mode is gradually emerging as a cost-effective option for many individual investors.

  • On the basis of deployment, the global wealth management software market is bifurcated into cloud and on-premise. The on-premise segment is expected to hold a substantial market share in 2022, as it offers several advantages such as high control, security, and customization of the software. Some users prefer the on-premises deployment, due to the sensitivity and confidentiality of their financial data as well as the compliance with the regulatory and industry standards. The cloud segment is projected to expand at a substantial CAGR during the forecast period, as the segment is gaining popularity among the users due to the increasing adoption of cloud computing and digital transformation in the financial services industry.

  • Based on enterprise size, the global wealth management software market is bifurcated into large enterprises and small & medium enterprises (SMEs). The large enterprises segment accounted for a dominant market share, as these enterprises typically have more complex and diversified portfolios than SMEs, requiring more sophisticated and customized solutions. The small & medium enterprises (SMEs) segment is estimated to register a rapid growth rate during the forecast period. The growing demand for wealth management software by SMEs to effectively meet the regulatory requirements and to condense the asset monitoring costs is boosting the segment. Moreover, the growing number of SMEs in emerging economies is also driving the demand for wealth management solutions.

  • In terms of application, the global wealth management software market is divided into financial advice & management portfolio, accounting & trading management, performance management, risk & compliance management, reporting, and others. The accounting & trading management segment is projected to account for a substantial market share in 2022, as it offers features such as real-time data, automated rebalancing, tax optimization, and compliance management, which enhance the efficiency and accuracy of wealth management operations.

  • Based on end users, the global wealth management software market is divided into trading & exchange firms, brokerage firms, banks, investment management firms, and others. The banks segment is accounted for a substantial market share in 2022. Banks are expected to play an increasingly important role in managing individual assets and wealth, as the global economy gradually strengthens. Furthermore, banks are using wealth management software to maintain a customer-centric strategy. Numerous wealth management software suppliers are working on offering end-to-end wealth management and processing solutions to meet constantly evolving requirements of banks, drive efficiency throughout their operations, and assist banks in operating effectively in global markets.

Report Scope:

Report Metric


Market Value in 2022

USD 4,172.9 Million

Market Growth Rate (from 2023 to 2031)


Historical Data

2016 to 2021

Base Year


Forecast Period

2023 – 2031

Units Considered

Value (USD Million)

Market Segments

By Advisory Mode, By Deployment, By Enterprise Size, By Application, By End Users, and By Region

Key Companies Profiled

SEI, FNZ Group, FIS, Orion Advisor Solutions, Salesforce, Inc., Morningstar, Inc., SS&C Technologies, Inc., Temenos Headquarters SA, Fiserv, Inc., Avaloq Group AG, Addepar, Inc., Comarch SA, Investedge Inc., Orange Bank & Trust Company, AlternativeSoft, Dorsum, and GBST.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail of tailor-made purchase options to meet your research requirements.


Target Audience:

Wealth Management Software Providers, Consulting Firms, Private Research and Development Firms, and Investment Firms.