Ranking the Vendors of Wealth Management Solutions: Just the Beginning?

December 7, 2001

Abstract

Boston, MA, USA December 7, 2001

?

In a new report entitled ? Celent Communications provides analysis and advice for financial institutions interested in implementing online wealth management solutions. Twelve solution providers are evaluated: AdviceAmerica, Cofiniti, Customer Dialogue Systems, DirectAdvice, Financial Engines, Ignite Sales, Morningstar, netDecide, PIE Technologies, Spectra Securities, SunGard, and x.eye.

Ranking

Integration & Aggregation

Client Management

Financial Planning & Management

1

Ignite Sales

SunGard

AdviceAmerica

Customer Dialogue Systems

2

DirectAdvice

x.eye

Spectra Securities

PIE Technologies

According to Isabella Fonseca, co-author of the report, “Despite the belief that the advice market is mature, our findings indicate the online wealth management space is still in its infancy. Wealth management solutions have evolved quite rapidly over the past few years. What began as simple calculators intended for end-clients have turned into sophisticated customer relationship management and work productivity tools designed to improve the efficiency of financial advisors.”

Sang Lee, co-author of the report adds, “Representing 90 percent of individuals with at least US$100,000 in investable assets, the mass affluent segment cannot be ignored by institutions formulating long-term wealth management strategies. Financial institutions evaluating online wealth management solutions will focus on the breadth and ease of use of the system, flexibility, online collaboration capabilities, transactional capabilities, and value-added services.”

A Table of Contents is available online.

of Celent Communication's Retail Banking,  Retail Securities & 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 operating unit 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  December 7, 2001

?

Return to report Abstract

EXECUTIVE SUMMARY 3
INTRODUCTION 4
MARKET OVERVIEW 5
  Wealth Management 5
  Evolution of Technology 7
  Market Potential 8
VENDOR PROFILES 11
  AdviceAmerica 13
  Cofiniti 14
  Customer Dialogue Systems 16
  DirectAdvice 18
  Financial Engines 21
  Ignite Sales 22
  Morningstar 24
  netDecide 26
  PIE Technologies 29
  Spectra Securities Software 31
  SunGard 33
  x.eye 34
VENDOR EVALUATION 37
  Vendor Segmentation 37
  Comparative Tables and Charts 39
  The Ranking 43
LOOKING AHEAD 47

Sign in to download reports and access personalized information