Wealth management consultancy The Oasis Group announced the launch of its Vantage Point Peaks research series to provide reports and competitive analysis of industry service providers.
The reports are designed to help RIAs and other wealth management firms “become more informed buyers when breaking away or looking for new wealthtech solutions,” Oasis Group said.
Vantage Point Peaks for Custodian Platforms, which is available now, is the first study of the series. It focuses on the RIA and broker-dealer (BD) custodian market and is available to RIA and BD executives, family offices and private wealth firms interested in new custodian relationships.
The 10 custodian platforms featured in the study are Charles Schwab, Pershing, Fidelity, Altruist, Apex Fintech Solutions, Goldman Sachs, TradePMR, Hilltop Securities, Innovayte and RBC Clearing & Custody.
In an executive summary provided by Oasis Group, it said, “The custodian platform market is a dynamic space with several new entrants who are building platforms (Axos, Innovayte), incumbents with decades of experience developing new platforms (Apex, Pershing), as well as firms who continue to add capabilities to proven enterprise platforms (Schwab, Fidelity).”
“Vantage Point Peaks will give wealth management firms a leg up when determining which service providers are the right fit for their firm.”
– John O’Connell
“Vantage Point Peaks will give wealth management firms a leg up when determining which service providers are the right fit for their firm,” according to John O’Connell, the firm’s Founder and CEO. “This research will save firms significant time when generating their short list of custodian providers.”
Noting that most existing research in the wealth management industry is survey based, he added: “We are changing that with our Vantage Point Peaks research, which provides wealth management executives with an empirical analysis of the leading custodians, as well as an unbiased comparison of each custodian’s capabilities relative to others in the marketplace.”
The firm said future Vantage Point Peaks studies will focus on other wealthtech solutions and service providers available to wealth management firms. It plans installments covering portfolio management solutions, financial planning software and CRM solutions.
Second AI WealthTech Map
The firm also announced that it recently released the second edition of its AI WealthTech Map, a resource for advisors and wealth management firms to learn about AI solutions and AI-focused firms serving the wealth management sector, which it plans to update each month going forward with the latest AI solutions available.
The August AI WealthTech Map covers 65 technology firms that serve the financial services industry. However, the included firms are “not existing wealthtech solutions that are developing AI capabilities – these firms are AI first and were built to support the wealth management industry,” according to the press release.
The map covers prospecting, writing assistants, note takers, proposal generation, AI assistants, investment research, next best action and compliance solutions. It categorizes each of the solutions and provides the tools an advisor would need to convert a prospect into a client.
Jeff Berman, Contributing Editor & Reporter at Wealth Solutions Report, can be reached at jberman@wealthsolutionsreport.com.
