Boston, April 25, 2017 – The complexity of processing advisor compensation can differ greatly from firm to firm; some have a mostly automated process requiring little human intervention while others employ a small army of associates to manually enter data received on paper statements and/or spreadsheets. Though compensation management technology has been available for over 25 years and most large and midsize firms have either adopted a vendor solution or use a proprietary system, are there still pockets of manual processes that can be automated by using more modern technology?
This Impact Report projects technology spending by U.S. wealth management firms on compensation management solutions and outlines the key steps in the compensation management process. The report also explores the vendor landscape for compensation management solutions across the U.S. wealth management sector and profiles Broadridge Financial Solutions, Castine Consulting, EAI Information Systems, Financial Database Services, jaccomo, and Xtiva Financial Systems. This Impact Report is based on Q3 and Q4 2016 interviews with six client onboarding technology providers.
This 35-page Impact Report contains 15 figures and three tables. Clients of Aite Group’s Wealth Management service can download this report, the corresponding charts, and the Executive Impact Deck.
This report mentions American Portfolios Financial Services, BBVA, Beta Capital Management, Broadridge Financial Solutions, Castine Consulting, EAI Information Systems, Fieldpoint Private, Financial Database Services, INTL FCStone, Investment Professionals Inc., jaccomo, Kestra Financial, McDonald Partners, Ohio National, Questar Capital, RBC Wealth Management, Webster Bank, Transamerica, and Xtiva Financial Systems.