European Wealth Management Technology Vendors: Evaluating Front-to-Back Office Platform Vendors
Celent has released a new report titled European Wealth Management Technology Vendors: Evaluating Front-to-Back Office Platform Vendors. The report was written by Ashley Globerman, an analyst in Celent’s Wealth Management practice.
Wealth managers continue to face a challenging environment due to tighter regulations, political and market volatility, an evolving client base, and digital innovation. As such, wealth managers and software vendors are investing more in their platforms to provide a comprehensive and fully integrated end-to-end solution. Platform enhancements are aimed to automate certain processes of the advisory process, reduce costs, manage risk, and serve clients more efficiently and uniquely.
This report, the second of three, examines the leading European vendors of front-to-back office platforms. The following vendors are included:
- SS&C Technologies
- Intellect Design
- Profile Software
“Across the board, vendors are offering scalable, single technical infrastructure solutions that enable workflow automation, transparency, global reach, and a client-centric experience,” says Globerman.
Front-to-back office vendors provide a true front-to-back office platform and provide a single infrastructure for the wealth manager. These vendors frequently have become front-to-back providers via acquisition. As such, integrating their various components is a priority. These platforms have an open architecture so that wealth managers can integrate legacy and other third party systems on top of the platform. Like the front office systems, these systems are modular, with the ability to implement only the front office, or only the middle and back office, or only specific components across the front, middle, and back office.
This report uses the Celent ABCD Vendor View, which shows at a glance the relative position of vendors in the following categories: Advanced Technology, Breadth of Functionality, Customer Base (number of clients), and Depth of Client Services on two separate X/Y scales.
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 part of Marsh & McLennan Companies [NYSE: MMC].
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Table of Contents
SS&C Technologies, Inc.: Advent Portfolio Exchange and Moxy
Bravura Solutions Pty Limited: Sonata
Comarch S.A.: Comarch Wealth Management
Dorsum Software Development and Services Co Ltd: Wealth Management Platform
GBST Holdings Ltd: Composer
Intellect Design Arena Limited: Intellect Wealth
JHC Systems Limited: Figaro
Objectway: Total Wealth
Profile Software: IMSplus
SEI Investments Software Limited: SEI Wealth Services
Temenos Group AG: Wealth Suite
Vermeg: Vermeg Wealth Management (formerly known as Soliam)
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