Report

RIA Portfolio Management and Reporting Systems: Market Overview

Of the estimated 23,500 RIAs in the market, 9,000 to 14,000 still use very basic tools for portfolio management and reporting.
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April 13, 2023 โ€“ The registered independent advisor (RIA) channel is quite fragmented. Established veterans are competing fiercely against newer players that have grown remarkably since their inception a few brief years ago. Aite-Novarica Group’s vendor community estimates current RIA market adoption of sophisticated portfolio management and reporting systems at around 40% to 60%. This represents a substantial market opportunity for cutting-edge systems of US$1.2 to US$1.3 trillion.

This Impact Report addresses the major trends among the vendor market for portfolio management and reporting systems aimed at the U.S. wealth management industry, with a particular focus on the RIA segment. This Impact Report is based on interviews and discussions with executives at wealth managers across the U.S., leading client reporting vendors, and third-party consultants, as well as desk research.

Clients of Aite-Novarica Group’s Wealth Management service can download this report.

This report mentions Addepar, additiv, Advisor360ยฐ, BridgeFT, Broadridge, DriveWealth, Envestnet, Fidelity Institutional, First Rate, FNZ, InvestCloud, Masttro, Merrill Private Wealth Management, Morgan Stanley, Morningstar, MyVest, OneVest, Orion, Pershing, Private Wealth Systems, RBC, Redtail Technology, Refinitiv, Risclarity, SS&C, Temenos, and UBS.

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