TABLE OF CONTENTS
OVERVIEW 1
Catalyst 1
Summary 1
INTRODUCTION 7
Reasons to purchase 7
US – WEALTH MANAGEMENT TECHNOLOGY SPENDING 12
Overview 12
Technology spend by line of business 14
Technology spend by source 18
HIGH NET WORTH BANKING AND FINANCIAL PLANNING TECHNOLOGY SPENDING 22
Technology spend by source 22
Technology spend by location 26
Technology spend by business function 29
RETAIL ASSET MANAGEMENT TECHNOLOGY SPENDING 33
Technology spend by source 33
Technology spend by location 37
Technology spend by business function 40
RETAIL BROKERAGE TECHNOLOGY SPENDING 44
Technology spend by source 44
Technology spend by location 48
Technology spend by business function 51
MASS AFFLUENT BANKING AND FINANCIAL PLANNING 55
Technology spend by source 55
APPENDIX 59
Forecasting methodology 59
Further reading 60
Disclaimer 60
LIST OF FIGURES
Figure 1: Wealth management industry, US, technology spending ($m), 2005–14 12
Figure 2: Wealth management industry, US, technology spending by line of business ($m), 2005–08 14
Figure 3: Wealth management industry, US, technology spending by line of business ($m), 2009–14 16
Figure 4: Wealth management industry, US, technology spend by source ($m), 2005–08 18
Figure 5: Wealth management industry, US, technology spend by source ($m), 2009–14 20
Figure 6: High net worth banking and financial planning, US, technology spend by source (%), 2008 22
Figure 7: High net worth banking and financial planning, US, technology spend by source ($m), 2005–14 25
Figure 8: High net worth banking and financial planning, US, technology spend by location (%), 2008 26
Figure 9: High net worth banking and financial planning, US, technology spend by location ($m), 2005–14 28
Figure 10: High net worth banking and financial planning, US, technology spend by business function (%), 2008 29
Figure 11: High net worth banking and financial planning, US, technology spend by business function ($m), 2005–14 32
Figure 12: Retail asset management, US, technology spend by source (%), 2008 33
Figure 13: Retail asset management, US, technology spend by source ($m), 2005–14 36
Figure 14: Retail asset management, US, technology spend by location (%), 2008 37
Figure 15: Retail asset management, US, technology spend by location ($m), 2005–14 39
Figure 16: Retail asset management, US, technology spend by business function (%), 2008 40
Figure 17: Retail asset management, US, technology spend by business function ($m), 2005–14 43
Figure 18: Retail brokerage, US, technology spend by source (%), 2008 44
Figure 19: Retail brokerage, US, technology spend by source ($m), 2005–14 47
Figure 20: Retail brokerage, US, technology spend by location (%), 2008 48
Figure 21: Retail brokerage, US, technology spend by location ($m), 2005–14 50
Figure 22: Retail brokerage, US, technology spend by business function (%), 2008 51
Figure 23: Retail brokerage, US, technology spend by business function ($m), 2005–14 54
Figure 24: Mass affluent banking and financial planning, US, technology spend by source (%), 2008 55
Figure 25: Mass affluent banking and financial planning, US, technology spend by source ($m), 2005–14 58
Figure 26: Wealth management industry technology spending, key stages in forecasting 59
LIST OF TABLES
Table 1: Wealth management technology sources - definitions 8
Table 2: Wealth management business locations - definitions 9
Table 3: Wealth management business functions definitions 10
Table 4: Wealth management line of business - definitions 11
Table 5: Wealth management industry, US, technology spending ($m), 2005–14 13
Table 6: Wealth management industry, US, technology spending by line of business ($m), 2005–08 15
Table 7: Wealth management industry, US, technology spending by line of business ($m), 2009–14 17
Table 8: Wealth management industry, US, technology spend by source ($m), 2005–08 19
Table 9: Wealth management industry, US, technology spend by source ($m), 2009–14 21
Table 10: High net worth banking and financial planning, US, technology spend by source ($m), 2005–08 23
Table 11: High net worth banking and financial planning, US, technology spend by source ($m), 2009–14 24
Table 12: High net worth banking and financial planning, US, technology spend by location ($m), 2005–08 27
Table 13: High net worth banking and financial planning, US, technology spend by location ($m), 2009–14 27
Table 14: High net worth banking and financial planning, US, technology spend by business function ($m), 2005–08 30
Table 15: High net worth banking and financial planning, US, technology spend by business function ($m), 2009–14 31
Table 16: Retail asset management, US, technology spend by source ($m), 2005–08 34
Table 17: Retail asset management, US, technology spend by source ($m), 2009–14 35
Table 18: Retail asset management, US, technology spend by location ($m), 2005–08 38
Table 19: Retail asset management, US, technology spend by location ($m), 2009–14 38
Table 20: Retail asset management, US, technology spend by business function ($m), 2005–08 41
Table 21: Retail asset management, US, technology spend by business function ($m), 2009–14 42
Table 22: Retail brokerage, US, technology spend by source ($m), 2005–08 45
Table 23: Retail brokerage, US, technology spend by source ($m), 2009–14 46
Table 24: Retail brokerage, US, technology spend by location ($m), 2005–08 49
Table 25: Retail brokerage, US, technology spend by location ($m), 2009–14 49
Table 26: Retail brokerage, US, technology spend by business function ($m), 2005–08 52
Table 27: Retail brokerage, US, technology spend by business function ($m), 2009–14 53
Table 28: Mass affluent banking and financial planning, US, technology spend by source ($m), 2005–08 56
Table 29: Mass affluent banking and financial planning, US, technology spend by source ($m), 2009–14 57