New technology solutions trend toward holistic wealth management; Aite-Novarica Group profiles 7 vendor solutions in latest Aite Matrix

While the technology landscape of vendors and clearing/custody firms remains a crowded market, the RIA channel is quite fragmented and growing fast. With heterogenous new technology solutions on the market or coming to market, RIAs are in a better position than ever to be trustworthy and fiduciary-oriented confidants to private clients. However, the RIA market is growing, noisy, highly regulated, random, and rather unpredictable, leaving substantial potential for market penetration.

In a new report, Aite Matrix: RIA Portfolio Management and Reporting Systems, research and advisory firm Aite-Novarica Group leverages the Aite Matrix, a proprietary Aite-Novarica Group vendor assessment framework, to evaluate the overall competitive position of seven vendors, focusing on vendor stability, client strength, product features, and client services. These seven vendors are Addepar, Broadridge, Envestnet, InvestCloud, Morningstar, Orion, and SS&C.

“RIAs and independent advisors have become the primary distribution channel for much of the financial advice Americans receive,” said Wally Okby, Strategic Advisor at Aite-Novarica Group and author of the new report. “Firms committed to becoming the primary advisor must seek solutions from vendors that generate consolidated reports to provide a holistic view and include alternative investments, insurance, and credit products.”

A preview of the report is available online, and desk copies are available to qualified media. Please contact [email protected] or call Kaitlyn Labbe at +1.857.327.9442 for more information.

About Aite-Novarica Group:
Aite-Novarica Group is an advisory firm providing mission-critical insights on technology, regulations, strategy, and operations to hundreds of banks, insurers, payments providers, and investment firms—as well as the technology and service providers that support them. Comprising former senior technology, strategy, and operations executives as well as experienced researchers and consultants, our experts provide actionable advice to our client base, leveraging deep insights developed via our extensive network of clients and other industry contacts. Visit us on the web and connect with us on LinkedIn.

Press Contact:
Kaitlyn Labbe
Public Relations
+1.857.327.9442
[email protected]