Ranking the Vendors of Financial Planning Technology 2008

by Isabella Fonseca, November 21, 2008


New York, NY, USA November 24, 2008

The financial planning industry is evolving and will continue to have an important role in the wealth management arena. Celent expects further collaboration between financial planning vendors and broader wealth management platforms.

Over the last few months, the evolving financial market crisis has led many wealth management organizations to consider the implications on products, advisors, clients, and the dynamic of the industry as a whole. At the same time, it has focused much attention on the way clients are managed.

"Considerable emphasis has been placed on communicating with clients more frequently to review their financial situations, confirm the wisdom of their asset allocation and current holdings, and convince them to get back into the market. This is when financial planning systems come into the picture as part of the solution," says Isabella Fonseca, Celent senior analyst and author of the report.

In a new report, Ranking the Vendors of Financial Planning Technology 2008, Celent examines 11 leading vendors in the North American financial planning market. The following vendors are included: AdviceAmerica, Advisor Software, CGI, EISI, Impact Technologies, Money Tree, NorthStar, PIEtech, PlanPlus, SunGard, and Thomson Reuters.

The report begins with an overview of how the wealth management market has evolved in the past 18 to 24 months, as well as a vendor preview of the main financial planning vendors in the space. A detailed profile for each vendor follows, identifying the strengths and weaknesses of their solutions. Also included in the study is a vendor comparison section, which evaluates each solution’s features and functionalities. The vendors are also ranked using Celent’s ABCD Vendor View.

The report is 84 pages long and contains 17 figures and 38 tables. A table of contents is available online.

of Celent's Wealth Management research service can download the report electronically by clicking on the icon to the left. Non-members should contact info@celent.com for more information.  

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned operating unit of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America
Michele Pace
Tel: +1 212 345 1366

Europe (London)
Chris Williams
Tel: +44 (0)782 448 3336

Asia (Tokyo)
Yumi Nagaoka
Tel.: +81 3 3500 3023

Table of Contents

New York, NY, USA November 21, 2008

Executive Summary 3
Introduction 5
Market Overview 8
Vendor Preview 11
Vendor Profiles 13
  AdviceAmerica, Inc. 13
  Advisor Software, Inc. 17
  CGI Group, Inc. 19
  Emerging Information Systems Inc. (EISI) 24
  Impact Technologies Group Inc. 34
  Money Tree Software, Inc. 39
  NorthStar 43
  PIEtech, Inc. 46
  SunGard 55
  Thomson Reuters 60
Vendor Comparisons 66
Vendor Rankings 80
Looking Ahead 82


Sign in to download reports and access personalized information