Every year, at about this time, Wall Street & Technology does a supplement on investment-management technologies. This year, however, we changed the focus to reflect a hot trend in the investment-management arena. Our Drilling Down on Investment Management, this quarter, is focused on wealth management -- a buzz word with many definitions, which we clarify in The Big Picture, www.wallstreetandtech.com/story/WST20020408S0002.
Not only are there a variety of definitions for this function, that was once only performed by private-banking divisions and catered only to the extremely wealthy, there are also more vendors entering this space than one can keep track of. Between the financial-advisory angle, the portfolio-management system turned wealth manager, the cross section of customer-relationship management/investment-management systems, and the completely new entrants in the wealth-management space, we understand that it must be difficult to work out which system is ideal for your firm.
We hope, after reading our supplement, you will have a better idea of where to begin. By better understanding the different facets of wealth management and the new trends arising in this space, we aim to help you better grasp your target audience and how you can best serve it with technology and wealth-management services. In addition, by recounting the experiences of several end users, who reveal why they chose to purchase a particular wealth-management system, we hope you will be able to better deem which systems are right for your firm.
Furthermore, the Vendors in the Marketplace feature highlights some of the many technology providers that have entered this space, explaining what it is they offer. This is only a starting point, however, as there was no way we could have supplied all the vendors in this growing arena in one short supplement.We hope this supplement helps guide you through your first steps. For more information on wealth management, please visit our investment-management-resource center online at www.wallstreetandtech.com/rc/im.