North America WealthTech Solution Market Facts & Figures, Analytical Insights and Future Forecast 2028

The wealthtech solution market in North America is expected to grow from US$ 18.81 billion in 2021 to US$ 42.06 billion by 2028; it is estimated to grow at a CAGR of 12.2% from 2021 to 2028. With the digital transformation, the use of the cloud-based platform as these platforms deployed with simplicity in less time and at low deployment costs. Further, developed countries have matured internet infrastructure, while it is flourishing in several developing countries, which is a major factor contributing to the enhanced access of cloud-based platforms to end users. Financial analytics helps banking sectors to provide enhanced customer experience and risk management assistance. Cloud is emerging as a better alternative for banking and other financial service providers to store data and applications, and access advanced software applications through the internet. It helps synchronize enterprise operations and break down operational and data silos.

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key companies profiled in this research study are: 
3rd-eyes analytics AG
BlackRock, Inc.
FinMason, Inc.
InvestCloud, Inc.
InvestSuite
Synechron
Wealthfront Inc.
WealthTechs Inc.

In recent years, competition in the wealth management business in North America has increased with the development of new operating models in businesses and vigorous efforts of new entrants to capture a share of the world's largest market of investable assets. Banks and private firms, on the other hand, are increasingly demanding more from their wealth management advisors, thus creating huge demand for cutting-edge financial solutions that are tailored to their individual needs. Furthermore, gross wealth of North America has risen with time. According to the Capgemini World Wealth report, North America has surpassed Asia Pacific in terms of the rise in number of high-net-worth people and the speed at which their wealth has grown, for the first time since 2015.

In 2020, 55% of ~1.2 million newly listed high-net-worth people were North Americans, in contrast to 39% of ~1.6 million newly listed ones in the previous year. The region accounted for 46% of the total increase in wealth within that group in 2020, up from 37% in 2019. Therefore, there would be a surge in demand for wealthtech solutions in North America during the forecast period. Investors from North America continue to have a greater risk tolerance than investors in other parts of the world. In 2019, the US invested over half of its entire wealth in the stock market. The subsequent emergence of new pricing structures and wealth management business models, based on better client-advisor ties and more personalized financial advice, fuel the demand for wealthtech solutions. wealthtech processes were already in action before to the onset of COVID-19, and the pandemic has accelerated them further.

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Major Features of North America WealthTech Solution Market Report:
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America WealthTech Solution Market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the North America WealthTech Solution Market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth North America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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