Horizons Report

HFS Horizons: The Best Service Providers for Asset and Wealth Management, 2024

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It’s time for asset and wealth management (AWM) firms to get serious about transformation. The buy side has been flush with profit and largely loyal customers for decades, propping up poor digital hygiene. Serial merger and acquisition activity has been passed off as modernization for far too long. Changing customer needs, new business models, and expanding offerings in the quest for alpha require modernization investments to enable the future of this sector. AWM firms will get there with the help of their service provider partners.

The HFS Horizons Report: The Best Service Providers for Asset and Wealth Management, 2024 assesses how well service providers are helping their asset and wealth management clients embrace innovation and realize value across three distinct Horizons:

  • Horizon 1 is digital: The ability to drive digitized processes to improve business outcomes such as cost reduction, speed, and efficiency across elements of the asset and wealth management value chain
  • Horizon 2 is experience: Horizon 1 + Enablement of the OneOffice™ model of end-to-end organizational alignment across the front, middle, and back offices to drive unmatched stakeholder experience and enterprise transformation
  • Horizon 3 is growth: Horizon 2 + The ability to drive OneEcosystem™ impact via collaboration across multiple organizations with common objectives around driving completely new sources of value

The report evaluates the capabilities of 22 service providers across the HFS asset and wealth management value chain based on a range of dimensions to understand the why, what, how, and so what of their service offerings. It highlights the value-based positioning for each participant across the three distinct Horizons. It also includes detailed profiles of each service provider, outlining their provider facts, strengths, and development opportunities.

HFS Horizons: The Best Service Providers for Asset and Wealth Management, 2024

Note: All service providers within a Horizon are listed alphabetically.
Source: HFS Research, 2024

The report is global in scope and offers critical insights for AWM enterprises, service providers supporting AWM organizations, and ecosystem partners.

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