The Financial Technology Report is pleased to announce The Top 25 WealthTech Companies of 2024. In an era where digital transformation is revolutionizing financial services, WealthTech companies are at the forefront, leveraging advanced tools such as cloud computing, API integration, and big data analytics to enhance portfolio management, financial planning, and client engagement.
Global assets under management are projected to reach $145.4 trillion by 2025, driven by a compound annual growth rate of 5.9%. This rapid growth underscores the critical role of WealthTech firms in addressing the evolving needs of investors and financial institutions. From managing trillions of dollars in assets to supporting financial advisors with sophisticated tools for investment management and client reporting, these firms are setting new standards for excellence and innovation in wealth management. Their efforts are crucial in addressing the evolving needs of a rapidly changing market, ensuring asset managers and financial institutions can deliver efficient, secure, and client-centric services globally.
Among this year’s awardees, Bravura Solutions is recognized for its innovative software solutions that modernize, consolidate, and simplify financial processes across the wealth management, life insurance, and funds administration industries. Additionally, BetaNXT stands out for integrating its Beta, Maxit, and Mediant businesses to address customers' integration challenges with flexible and efficient solutions, enhancing advisor productivity and reducing enterprise costs. Lastly, Addepar is distinguished for its global technology and data platform, which aggregates portfolio, market, and client data for over $6 trillion in assets, delivering precise guidance and comprehensive solutions through partnerships with over 100 software, data, and service providers.
Among a competitive field of candidates, these companies have excelled in their commitment to advancing WealthTech and delivering unparalleled value to their clients. Please join us in recognizing The Top 25 WealthTech Companies of 2024.
1. FNZ Group
FNZ Group is a global fintech company headquartered in London, dedicated to making wealth management accessible to more people through its innovative technology and infrastructure. The company's platform-as-a-service offering combines market-leading technology, IT infrastructure, and investment operations to deliver comprehensive support for portfolio management, trading, custody, and administration services. By leveraging advanced technologies such as AI and machine learning, FNZ enhances efficiency and scalability for its clients. Partnering with over 650 financial institutions and 12,000 wealth managers globally, FNZ manages more than $1.5 trillion in assets under administration.
2. Envestnet
Envestnet is a Pennsylvania-based provider of intelligent systems for wealth management and financial wellness. Serving the wealth management industry for 25 years with more than $6 trillion in platform assets, the company supports over 109,000 advisors, 17 of the 20 largest US banks, 48 of the 50 largest wealth management and brokerage firms, and more than 500 of the largest RIAs.
Envestnet offers an integrated platform that combines market-leading technology, IT infrastructure, and investment operations to help financial advisors and institutions better serve their clients. Envestnet’s solutions include portfolio management, financial planning, data aggregation, and analytics, leveraging advanced technologies to enhance decision-making and operational efficiency.
3. Bravura
Bravura Solutions is a provider of software solutions for the wealth management, life insurance, and funds administration industries. Its technology enables the modernization, consolidation, and simplification of financial processes, helping clients increase speed to market, provide a streamlined digital experience, and address ongoing changes in financial services regulation. With over 30 years of experience, Bravura’s on-premise, managed, hosted, and cloud solutions are trusted by many of the world’s leading financial institutions, which manage trillions of dollars in assets using its systems. The company supports its clients with a team of more than 1,400 professionals across 12 offices in Australia, New Zealand, the United Kingdom, Europe, Africa, and Asia.
4. iCapital
iCapital powers the world’s alternative investment marketplace offering a complete suite of tools, end-to-end enterprise solutions, data management and distribution capabilities and an innovative operating system. It is a trusted technology partner to independent financial advisors, wealth managers, and asset managers, offering access, technology, and education to incorporate alternative assets into the core portfolio strategies for its clients.
iCapital’s secure platform delivers a complete portfolio of management capabilities for education, transactions, data flows, analytics, and client support throughout the investment process. With approximately $180 billion in global platform assets, the iCapital operating system automates and streamlines the complex process of private market investing and integrates with clients’ existing infrastructure, platform, and tools. iCapital employs a team of more than 1,200 professionals across 13 offices globally, including New York, Greenwich, Zurich, Lisbon, London, Hong Kong, Singapore, Tokyo, and Toronto.
5. Addepar
Addepar is a global technology and data company that helps investment professionals provide informed and precise guidance for their clients. Over the past decade, it has been used by hundreds of thousands of users to facilitate smarter investment decisions and improve advice for clients.
With client presence in more than 45 countries, Addepar's platform aggregates portfolio, market and client data for over $6 trillion in assets. Its open platform integrates with more than 100 software, data and services partners to deliver comprehensive solutions for a wide range of firms and use cases. Addepar operates with a global flexible workforce model, with offices in Silicon Valley, New York City, Salt Lake City, Chicago, London, Dublin, Edinburgh and Pune.
6. BetaNXT
BetaNXT is a New York-based provider of advanced technology solutions for the wealth management industry. The company integrates its Beta, Maxit, and Mediant businesses to address customers' integration challenges with flexible and efficient solutions. Beta is a self-clearing securities processing solution, Maxit offers tax information reporting and cost basis accounting, and Mediant delivers investor communications solutions to banks, brokers, corporate issuers, and funds. By leveraging real-time data capabilities, BetaNXT enhances the wealth advisor experience, reduces enterprise costs, streamlines operations, and increases advisor productivity. The company operates globally with additional offices in Wayne, NJ, and Bengaluru, India, supporting wealth management firms in transforming their platforms to enable enterprise scale and stimulate commercial growth.
7. Objectway
Objectway is an Italy-based fintech company specializing in software solutions for banking, wealth, and investment management. Its omni-channel and omni-device solutions support the digital transformation of financial institutions, helping them modernize and streamline operations. Objectway serves more than 100,000 investment professionals who manage over €1 trillion in assets, with a client base exceeding 200 across 16 countries. The company has a diverse workforce of over 800 professionals, leveraging its 30 years of expertise to enhance productivity and deliver better client outcomes.
8. Allvue
Allvue is a technology provider for investment managers in the private capital and credit markets industry. It offers modern cloud-based software solutions that support investment decisions for clients across multiple asset classes. Allvue’s integrated software suite serves the entire investment process and caters to firms of all sizes, including private equity managers, private debt managers, public credit managers, fund administrators, and banks.
Allvue's wealth management software provides advisors with a comprehensive platform to foster client relationships while streamlining operations and facilitating data-driven decision-making.
Established in 2020 through the merger of Black Mountain Systems and AltaReturn, Allvue is headquartered in Miami, with additional locations throughout North America and Europe. Its software solutions help clients automate manual processes, improve data accuracy and consistency across workflows, and deliver enhanced analytics, allowing their businesses to operate and grow more effectively.
9. Advisor360°
Advisor360° builds, integrates, and delivers technology for wealth management firms. The company’s integrated and open architecture SaaS platform brings a connected digital wealth experience to financial advisors, their clients, and the home office, enablings firms to achieve better outcomes and innovate quickly. Advisor360° clients benefit from efficient portfolio and performance reporting, financial planning, insurance, proposal generation, trading and model management, digital onboarding, document management, analytics, and compliance.
The company’s proprietary Unified Data Fabric is the foundation of its platform, combining shared services and pre-built integrations that work with existing technology stacks. The company is headquartered in Weston, Massachusetts, with offices in Bengaluru, India, Belfast, Northern Ireland, and a remote workforce in Canada. Currently, three million households with $1 trillion in assets use the Advisor360° platform.
10. CREALOGIX
CREALOGIX is a Swiss-based software company with over 380 employees globally, specializing in digital banking and wealth management solutions. For more than 25 years, it has provided a range of services aimed at helping financial organizations enhance customer experiences and offer innovative digital solutions to their clients. The company leverages its extensive experience to improve data accuracy and consistency across workflows.
CREALOGIX offers a single platform that operates across desktop and iOS/Android, providing a unified and secure client experience. This technology enables wealth and investment management companies and private banks to enhance client loyalty and attract new clients by offering convenient and distinct digital services. With a customer base of 600 across 15 countries, CREALOGIX continues to foster effective operations and growth for its clients.
11. Wealthfront
Wealthfront offers a range of investing and saving products designed to help young professionals manage their wealth in varying market conditions. The company provides cash management, diversified ETF and bond investing, zero-commission stock investing, and low-cost loans to assist both experienced and new investors in growing their wealth and managing costs.
Based in Palo Alto, California, Wealthfront oversees more than $50 billion for over 700,000 clients in the US. The company introduced a high-interest cash account in 2019, which offers FDIC insurance up to $8 million through partnerships with multiple banks. In 2020, it added checking features such as direct deposit and bill pay, further enhancing its cash management capabilities. Wealthfront's platform aims to simplify and automate investment processes, making financial management more accessible and efficient for its users.
12. M1
M1 is a self-directed wealth-building platform that helps clients maximize their money through automated tools, services, and topflight rates. With over $8 billion in assets under management, M1 supports hundreds of thousands of users in long-term investing, cost-effective borrowing, strategic spending, and saving for the future.
M1 offers a range of financial tools designed to support users in managing their money, including high-yield savings accounts, automated investing tools, margin loans without paperwork, low-cost personal loans, and high cash-back credit card rewards that can be automatically reinvested. The platform aims to provide a comprehensive solution for investing, borrowing, spending, and saving, helping users achieve their financial goals efficiently. Between 2020 and 2021, M1 expanded from 82 employees to 236 employees and achieved a valuation of $1.45 billion. Today, the Chicago-based company has over 260 employees across the US.
13. DriveWealth
DriveWealth is a New York-based global B2B financial technology platform. The company specializes in providing brokerage-as-a-service, which supports investing and trading experiences for banks, broker-dealers, asset managers, digital wallets, and consumer brands. DriveWealth’s APIs offer a toolkit that enables traditional investment workflows and innovative techniques such as fractional share ownership, allowing clients to invest in dollar amounts rather than full shares.
DriveWealth’s technology platform simplifies the provision of securities trading, making it efficient and compliant for fintechs and established companies. The platform facilitates the investment process from onboarding and account funding to trading and digital statements, and supports features like automated dividend reinvestment and portfolio rebalancing.
14. Additiv
additiv is a Swiss-based company that develops digital financial solutions for wealth managers, financial institutions, and other companies. Its API-first cloud platform supports client advisory, servicing, and expert tools in wealth and asset management, enabling financial institutions to modernize and digitalize their operations. The platform is designed to integrate with existing systems, allowing for flexible and efficient deployment of financial services.
With regional offices in Singapore, UAE, and Germany, additiv’s more than 250 professionals serve over 400 financial companies globally, including banks, insurers, asset managers, and independent financial advisors. The company's collaboration with a global ecosystem of regulated financial service providers enable its clients to offer a wide range of financial solutions quickly and efficiently through various customer channels.
15. Contemi
Contemi Solutions is a financial technology provider with a track record of over 25 years in delivering software solutions that enhance efficiency, profitability, and customer value in the financial services industry. The company supports digital transformation and automation for firms in insurance, capital markets, asset and wealth management, and other financial services sectors across Europe, Asia, and Australia-New Zealand.
Its comprehensive and client-centric solutions help companies improve customer service, achieve operational excellence, and simplify risk management and compliance. By leveraging technology, Contemi Solutions aims to help financial institutions streamline operations and enhance service delivery, driving digital transformation and automation.
16. Farther
Farther is a New York-based technology-centric wealth management firm with offices across New York City and an additional office in San Francisco. The firm combines expert financial advisors with advanced technology to provide a comprehensive and efficient wealth management experience. Farther caters to high-net-worth professionals, offering a holistic approach to managing their finances.
With $2 billion in assets under management and backed by leading venture capital firms, Farther integrates traditional advisory services with modern tools to deliver personalized financial solutions. The firm's platform supports various financial needs, including investment management and financial planning, ensuring tailored advice and services for its clients across the US.
17. Masttro
Masttro is a wealth data management company that aggregates, analyzes, and reports total net worth by incorporating all structured and unstructured data, including illiquid and liquid investments, liabilities, and passion assets in multiple currencies and regions. The company offers a single source of accurate, comprehensive data, enabling users to make informed financial decisions in near real-time. Built on a foundation of end-to-end encryption and stringent data security protocols, the platform provides easy permissioning for controlled access, making it a robust tool for managing total balance sheets for individuals and families.
With a presence in more than 24 countries, Masttro has offices in North America, Europe, and Latin America. Its team consists of professionals from wealth management, asset management, engineering, and professional services, all dedicated to providing transparency to wealth owners, their beneficiaries, and their advisors.
18. Aixigo
aixigo provides an API-based wealth management platform designed to create innovative and profitable wealth management services. It supports investment advisory, portfolio monitoring and analysis, portfolio management, and financial planning, offering high performance and extensive technological capabilities.
The platform assists banks, financial service providers, and wealth managers in navigating digital transformation with speed, scalability, and flexibility. It enhances efficiency, supports compliance with regulatory requirements, and aims to meet increasing customer expectations through digital services available via multiple channels.
19. Third Financial
Third Financial is a London-based provider of digital wealth management solutions that has undergone significant transformation since its launch in 2007. Initially focused solely on developing wealth management software and investment platform components, the company has evolved to administer over £50 billion of assets under administration as of 2023.
Third Financial employs a dual-service model, developing software for external clients while also using it internally to power its investment platform offering. This approach streamlines middle and back-office operations, including investment advisory, portfolio management, and client reporting to help financial institutions enhance operational efficiency.
20. AdvisorEngine
AdvisorEngine is a pioneer in digital wealth management technology, notable for being the first company to integrate private-label robo-advice within a comprehensive B2B digital wealth management platform. Designed specifically for financial advisors, AdvisorEngine allows advisors to manage both traditional wealth management clients and fully digital clients from one platform. The platform offers a range of tools, including online account opening, report automation, and comprehensive API platforms, enabling advisors to scale efficiently and compete effectively. Founded by experienced financial and technology executives, AdvisorEngine’s solutions aim to streamline advisor workflows and enhance client service capabilities.
21. Practifi
Practifi is a performance optimization platform purpose-built for the wealth management industry, enabling teams to automate workflows, create rich client records, and access advanced analytics within a unified platform. With comprehensive APIs, a range of specialist wealth industry integrations, and an ecosystem of hundreds of integrated apps, the platform centralizes data and enhances visibility across organizations. The Chicago-based company, with additional offices in Sydney, Australia, supports organizations globally to deepen loyalty with their clients and advance the future of wealth management.
22. Velmie
Velmie is a financial technology provider that delivers back-end, mobile, and web solutions to enterprise financial institutions and entrepreneurs. Through its development, it has identified the key technological challenges in finance and the main issues organizations face in meeting customer demand and staying competitive. The company focuses its efforts on building products to help financial companies innovate, stay agile, and remain customer-centric.
Velmie offers a modular software platform tailored for wealth management companies, private banks, and investment advisors, enabling highly customized solutions. Its innovative API orchestration technology facilitates connections to multiple payment rails, while omni-channel interfaces enhance client engagement and convenience.
23. Savvy Wealth
Savvy Wealth is a technology-driven wealth management firm focused on enhancing automation and efficiency for wealth managers. By acquiring traditional wealth management firms and integrating its proprietary software, it enables these firms to operate more efficiently and support more clients without increasing headcount. Based in New York, Savvy Wealth emphasizes the importance of quality client time by leveraging its digital-first platform to streamline operations for financial advisors, enhancing both advisor and client experiences.
24. Marstone
Marstone is a leading digital investment and wealth planning platform aimed at enhancing financial literacy and deepening financial inclusion for its clients. Its enterprise-ready solution, Powered by Marstone, enables financial institutions to efficiently and affordably reach, acquire, and retain clients who seek straightforward information and engagement around their finances.
Marstone’s platform is multilingual and has expanded internationally to support opening US-based accounts for international investors. As a trusted technology partner, Marstone has comprehensive integrations with custodians including Pershing, core banking platforms including Fiserv, account aggregation platforms, and investment managers. These integrations allow organizations to future-proof their businesses as consumer expectations for digital wealth management evolve.
25. BridgeFT
BridgeFT is a cloud-native, API-first wealth infrastructure software company that enables financial institutions, fintech innovators, TAMPs, and registered investment advisors to deliver better, data-driven outcomes for their clients. Trusted by financial services firms and technology companies, BridgeFT enhances digital wealth management ecosystems and automates key back-office operations. The platform aligns essential wealth data, client insights, reporting, and portfolio management automation to deliver personalized client experiences. BridgeFT offers an integrated advisor solution and a wealthtech-as-a-service platform with open APIs, providing the necessary infrastructure to support next-generation wealth management applications.
