Ranking the Vendors of Wealth Management Technology 2002: Wealth Management Platforms

October 31, 2002

Abstract

"The wealth management platform market is under-developed, with many firms trying to build out their current product offerings to become a legitimate platform provider. The key to success in this market will largely depend on the flexibility of the platform to easily integrate with existing infrastructure or third-party point solutions to create best-of-breed wealth management technology," states Celent analyst, Sang Lee the lead-author of the report.

The vendors covered in this report include: ASI, Finantix, Finaplex, Fincentric, Metavante, Monetaire, Sanchez, SunGard, Thomson Financial, x.eye.

A Table of Contents is available online.Additional reports in Celent痴 four-part series "Ranking the Vendors of Wealth Management Technology 2002," include data consolidation, financial planning & advice, and client prospecting and sales vendors.

Boston, MA, USA Milan, Italy October 31, 2002

In the last of a four-part series on wealth management technology, Celent Communications evaluates the leading vendors in the wealth management platform market.

A true wealth management platform is, in a sense, unique. That is, while the platform contains distinct modules which can be implemented individually, the platform really shines as a whole, functioning as a technical, enterprise-wide framework, linking front- and back-office applications.

Who are the leaders in the wealth management platform vendor market? In the new 47-page report, , Celent Communications analyzes the solutions of 10 vendors and ranks them. The rankings are based on six criteria: usability, market segment reach, customer relationship management, business management, market penetration, and track record.

Top Vendors of Wealth Management Platforms

Category Mass Affluent High Net Worth
Investment-focused x.eye SunGard x.eye
Banking-focused Sanchez
European-focused Finantix
Vendors to Watch Thomson Financial Fincentric Finaplex

Source: Celent Communications

of Celent Communications' Retail Banking,Retail Securities and Investments and Life/ Health Insurance research services can download the report electronically by clicking on the icon to the left.

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 subsidiary of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America
Michele Pace
mpace@celent.com
Tel: +1 212 345 1366

Europe (London)
Chris Williams
cwilliams@celent.com
Tel: +44 (0)782 448 3336

Asia (Tokyo)
Yumi Nagaoka
ynagaoka@celent.com
Tel.: +81 3 3500 3023

Table of Contents

 

Boston, MA, USA Milan, Italy October 31, 2002

Return to report Abstract

 

EXECUTIVE SUMMARY 3
INTRODUCTION 4
  Criteria for Participation 4
  Vendor Segmentation 4
VENDOR OVERVIEW 7
VENDOR PROFILES 8
  INVESTMENT-FOCUSED 10
  Advisor Software Inc. (ASI) 10
  Finaplex, Inc. 13
  Monetaire 15
  SunGard 16
  Thomson Financial 20
  x.eye 22
  BANKING-FOCUSED 25
  Finantix 25
  Fincentric Corporation 27
  Metavante Corporation 29
  Sanchez Computer Associates Inc. Wealth Management Division 31
VENDOR COMPARISON 34
  Basic Technology and Implementation 34
  Client Comparison 36
  Key Functionality 37
VENDOR RANKINGS 41
LOOKING AHEAD 45

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