Ranking the Vendors of Wealth Management Technology 2006: Financial Planning

Create a vendor selection project
Click to express your interest in this report
Indication of coverage against your requirements
A subscription is required to activate this feature. Contact us for more info.
Celent have reviewed this profile and believe it to be accurate.
We are waiting for the vendor to publish their solution profile. Contact us or request the RFX.
Projects allow you to export Registered Vendor details and survey responses for analysis outside of Marsh CND. Please refer to the Marsh CND User Guide for detailed instructions.
Download Registered Vendor Survey responses as PDF
Contact vendor directly with specific questions (ie. pricing, capacity, etc)
24 May 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.