Model Wealth Manager

OVERVIEW

The Model Wealth Manager awards recognize best practices of technology usage in different areas critical to success in wealth management and is the main award that a financial firm in the industry can receive from Celent. We will be accepting nominations in six categories outlined below. 

Nominations for our 2024 program are now closed.

We announce our Model Wealth Manager winners at our flagship Innovation & Insight event. Our next event takes place on March 21, 2024. Register today and don't miss out on an exciting day full of valuable insights from our industry experts.

NOMINATION CATEGORIES AND WINNERS

Technology tools to reach new markets and client segments

Technologies that enable the democratization of wealth management continue to emerge across the industry.  Wealth-as-a-Service platforms, digital tools and mobile applications are examples of technologies used to deliver financial solutions to underinvested communities and new markets such as gig workers.  This is a growing area of interest to wealth management firms looking for new sources of revenue.

Personalization

Wealth management firms are looking to personalize the client journey.  This category includes innovative technologies that are used to deliver more meaningful advisor/client engagement, communications, and portfolio solutions.  

Streamlining Advisor Workflows

Digitizing and streamlining operations across the advisor workflow continues to be an area of focus for financial institutions.  Innovative point solutions, front, middle and back-office technologies that improve advisor efficiency and productivity are essential to the creation of best-in-class platforms.

Financial Wellness

This theme includes technologies that deliver more holistic solutions to clients. Retail clients are demanding that wealth managers seamlessly integrate non-traditional products and services, such as alternative investments, insurance, and lending into comprehensive solutions.  Technologies and tools that enable these solutions are increasingly leveraged by financial institutions.

Data and Analytics

Data is a differentiator for wealth managers.  This theme recognizes the use of data in driving competitive advantage.  Some examples include using data management tools and technologies to deliver:

  • Predictive analytics
  • Curated content 
  • More meaningful advisor engagement
  • ESG and thematic financial solutions
  • Data management capabilities that enable the flow of information across systems

Essential and Emerging Technologies

This category looks at new technologies that are just beginning to emerge within wealth management.  The Metaverse is a good example of a technology that financial institutions are exploring. 

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