Ten leading financial planning vendor solutions
evaluated.
In a new report, Ranking the Vendors of Wealth
Management Technology 2006: Financial Planning, 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.
