Ranking the Vendors of Wealth Management Technology 2002: Financial Planning & Advice

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16 October 2002


"Features and functionality aside, we cannot stress enough the importance of product usability. No matter what a financial planning program痴 capabilities, if the advisors don稚 use it, then it痴 worthless. As such, we strongly recommend that advisors be brought into the evaluation process when judging different vendor solutions," states Celent analyst Pamela Brewster, the lead-author of the report.

The vendors covered in this report include: AssetPlanner (which was acquired by Accenture), BANQIT, Brainpower, EISI (Naviplan), DirectAdvice, eMoneyAdvisor, Financeware, Financial Engines, Financial Profiles, netDecide, PIE Technologies, RiskMetrics.

A Table of Contents is available online. Additional reports in Celent痴 four-part series "Ranking the Vendors of Wealth Management Technology 2002," include data consolidators, client prospecting and sales vendors, and wealth management platform providers.
Boston, MA, USA Milan, Italy October 31, 2002

In the second of a four-part series on wealth management technology, Celent Communications ranks the top financial planning & advice software vendors in the mass affluent, high net worth, and European market segments.

The financial planning software market is a highly competitive and crowded space. Financial institutions face a difficult challenge when evaluating the various solutions; there are a number of basic similarities among the contenders, yet shades of difference are evident in each offering. To help clarify the points of differentiation, Celent has split the vendors into two categories: pure-play vendors葉hose who focus on financial planning as an end product, and front-office workstation vendors葉hose who use financial planning as the foundation for a robust front-office advisor workstation offering.

Who are the leaders in the financial planning & advice vendor market? In the new 60-page report, , Celent Communications analyzes the solutions of 12 vendors and ranks them (Table 1). The rankings are based on eight criteria: core planning functionality, market segment reach, proven solution, usability, administrative capabilities, client communication capabilities, advisor productivity functions, and portfolio monitoring.

Top Financial Planning/Advice Vendors

Category Mass Affluent High Net Worth European
Pure-Play PIE Technologies/Financeware EIS (NaviPlan) BANQIT
Workstation netDecide Brainpower
Ones to Watch eMoneyAdvisor RiskMetrics AssetPlanner

Source: Celent Communications

of Celent Communications' Retail Banking,Retail Securities and Investments and Life/ Health Insurance research services can download the report electronically by clicking on the icon to the left.