The May 2023 report uses the Aite Matrix to evaluate seven leading RIA portfolio management and reporting system vendors based on stability, client strength, product features, and services. The market is concentrated among top providers like Morningstar, Orion, Envestnet, and SS&C, which collectively hold about 50% market share. Trends show RIAs expanding into holistic wealth management, integrating insurance, ESG, and legacy planning into reporting. IT spending in this sector is expected to grow from $1.4 billion in 2023 to $1.8 billion by 2028. Best-in-class vendors identified are Addepar, InvestCloud, and SS&C Black Diamond.

Join for free to read