European Wealth Management Technology Vendors: Evaluating Front Office Platform Vendors

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3 September 2013
Alexander Camargo and Isabella Fonseca

Abstract

Front office components support the advisory process, from acquisition to ongoing maintenance and retention, in a single workflow. As the part of the wealth management business that touches both the advisor and end user, wealth managers are making heavy investments in their front office capabilities.

European Wealth Management Technology Vendors: Evaluating Front Office Platform Vendors is the first of three reports that evaluate European wealth management vendors. This study examines the leading European vendors of front office platforms. The following vendors are included: Atos, Finantix, New Access, OpenFinance, Prometeia, TechRules, and Temenos (WealthManager).

The European technology market is a crowded one. Celent can break down vendors into roughly three distinct categories: front office platform providers, front-to-back office providers, and core banking providers. This report will feature only vendors who focus solely on the front office.

“Given the crowded European technology marketplace, it is vital to create and emphasize differentiators,” says Alexander Camargo, Analyst with Celent’s Securities & Investments Group. “Vendors who remain flexible enough to adjust between discretionary and non-discretionary investment services, and those who emphasize the modularity of their front office tools, will win new clients and retain existing ones.”

This report features a detailed profile for each wealth management platform vendor, identifying its strengths and weaknesses. Also included is a vendor comparison section, which evaluates each solution’s features and functionalities and compares vendors based on various functionalities. Celent provides an 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.. The last section includes Celent’s considerations of where the market is headed.

In the following two reports, Celent will focus on front-to-back office platforms and core banking vendors with wealth management offerings. These reports are titled European Wealth Management Technology Vendors: Evaluating Front to Back Office Vendors and European Wealth Management Technology Vendors: Evaluating Core Banking Vendors, respectively.

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Content Type
Reports
Location
EMEA