Aite Matrix: RIA Portfolio Management and Reporting Systems

As platform functionality becomes commoditized, vendors will build out new service offerings to grow client value.

Boston, August 4, 2020 The landscape of RIA technology has become increasingly crowded, but the recent shock of the COVID-19 pandemic has catapulted advisors into a new understanding of the importance of efficient technology and digital client engagement. The technology is now evolving to address market dynamics, new challenges, and the needs of advisors’ end clients. Vendor platforms have a primary focus on portfolio management and reporting, but data consolidation, business intelligence, and new RIA service models have also emerged as keys to an evolving value proposition.

Leveraging the Aite Matrix, a proprietary Aite Group vendor assessment framework, this Impact Report evaluates the overall competitive position of seven vendors, focusing on vendor stability, client strength, product features, and client services. It profiles eight vendors: Addepar, BNY Mellon Albridge, SS&C Advent Black Diamond, Broadridge, InvestCloud, Morningstar Office Cloud, Orion, and Envestnet Tamarac.

This 77-page Impact Report contains 20 figures and 12 tables. Clients of Aite Group’s Wealth Management service can download this report, the corresponding charts, and the Executive Impact Deck.

This report mentions Bank of America Merrill Lynch, Brinker Capital, Dynasty Financial, Raymond James, and TA Associates.

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