In recent years, small investment companies have relied on wealth management platforms to manage their portfolios. In addition to analyzing financial data, these platforms provide legal and tax advice to prevent conflict and non-compliance. With the advancement of technology, especially artificial intelligence, and big data, it seems that wealth management platforms based on more advanced algorithms will grow significantly in the coming years.
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Table of Contents
Market / Industry segment of the wealth management platforms
| Base Year | Market size(B$) | Duration(YEAR) | CAGR(%) | Source Name |
| 2018 | 2.21 | 8 | 14.00% | Reports and Data |
| 2016 | 1.52 | 6 | 13.40% | Market and market |
| 2019 | 2.15 | 7 | 15.30% | Grand view research |
| 2020 | 2.2 | 7 | 12.10% | Yahoo Finance |
| 2017 | 1.7 | 5 | 13.40% | PR news wire |
Influencing factors that changes market size of the wealth management platforms
The size of the market value changes under the influence of many factors; the increase and decrease in the rate of these influential factors leads to changes in the value of the market size, which is provided by direct and reverse drivers in the market of the wealth management platform
Direct drivers:
- Population structure
- Technology adoption
- Economic conditions
- Dynamic visual environment
Reverse drivers:
- Bad economic conditions
- Lack of trust and awareness
This market may also be threatened by following risks:
In all different markets and industries, the risk is always one of the factors that business founders should be sufficiently aware of. The first step is risk assessment, identifying risks in the market to perform risk management. The market of the wealth management platform may also be threatened by the following risks:
- Stage of business
- Competition risk
- Reputation risk
- Funding risk
- Exit value risk
