Ranking the Vendors of Wealth Management Technology 2006: Financial Planning

by Isabella Fonseca, May 24, 2006


Boston, MA, USA Milan, Italy May 24, 2006

Ten leading financial planning vendor solutions evaluated.

In a new report, , Celent examines ten leading financial planning solutions in the North American market. The following vendors are included: AdviceAmerica, CGI, EISI, eMoneyAdvisor, Financeware, Financial Profiles, Impact Technologies, PIE Technologies, RiskMetrics, and SunGard.

"The financial planning market in North America is evolving. We expect further vendor consolidation, new entrants, and expansion of product offerings," says Isabella Fonseca, author of the report. "Vendors that historically have been pure financial planning players will face strong competition from more investment-centric solutions that are partnering with financial planning solutions or adding to their existing product offering," she adds.

The report provides an overview of the wealth management vendor landscape in North America and includes an evaluation of each solution's features and functionalities, strengths and weaknesses, number of clients, financial viability, deployment options, pricing structures, and maintenance and support schemes. The vendors are also ranked using Celent's ABCD methodology.

The SEC's new rule 202(a), which specifies the conditions under which a broker-dealer may exclude itself from the definition of "investment advisor," is impacting vendors and financial institutions. The rule demands the registration of representatives that are engaged in advisory practices unless those services are related to brokerage services. This forces firms that want to provide advice services to use the right tools in a multi-tiered structure.

The 74-page report contains 16 figures and 28 tables. A table of contents is available online.


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

Boston, MA, USA Milan, Italy May 24, 2006


Executive Summary 3
Introduction 5
Technology And Vendor Segmentation 7
Market Overview 11
Vendor Preview 14
Vendor Profiles 16
  AdviceAmerica, Inc. 16
  CGI Group, Inc. 19
  Emerging Information Systems, Inc. (EISI) 23
  eMoneyAdvisor 26
  Financeware, Inc. 30
  Financial Profiles 34
  Impact Technologies Group 37
  PIE Technologies 40
  RiskMetrics Group 43
  SunGard 47
Vendor Comparisons 52
  Basic Technology 52
  Deployment Options, Pricing, Support 53
  Number of Clients 58
  Revenues 59
  Asset and Product Support 60
  Functionality Comparison 62
Vendor Rankings 69
Looking Ahead 71
Objectivity & Methodology 72

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