From retirement income to debt management, we break down the financial planning solutions enabling the rise of holistic wealth management.
Wealth management now offers more than just investment services.
Tech adoption and integration increasingly allow the industry to address financial needs across an investor’s entire balance sheet. This aligns with investors’ desire for personalized, holistic advice — and presents growth opportunities for wealth managers, who can sell additional products to increase their share of clients’ wallets.
In the past, financial planning software focused mainly on investment management, such as accumulation planning — i.e., calculating how much clients needed to save for retirement.
Now, as wealth managers expand their services, specialized financial planning providers are developing tools to support these broader offerings. Their platforms enable wealth managers to help clients develop income streams and find affordable healthcare in retirement, access credit, reduce debt, create an estate plan, and more.
In the market map below, we identify 66 tech vendors broadening access to comprehensive financial planning across 10 different categories.
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