Trends impacting wealth management
ICE’s Judy Khan Shaw on three technologies that help advisors stay efficient and competitive.
The wealth ecosystem is changing rapidly amid shifting demographics, growing sophistication of clients, and greater need for transparency.
Market volatility |
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Data driven investment decisions |
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Grow sophistication in the investment community |
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Digital transformation |
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Solutions for wealth management
We’re helping wealth managers to meet client demand for a broader set of investment options and improved service experience with a comprehensive offering of data, analytics, indices and workflow solutions.
Market data |
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Portfolio customization |
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Desktop solutions |
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Risk management |
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Pricing and pre-trade analytics |
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Compliance |
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Trade execution |
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Three financial technologies redefining modern wealth management
Financial technology is revolutionizing wealth management in the front, middle and back office. Learn how comprehensive corporate actions data, continuous evaluated pricing and increasingly inexpensive market data terminals are making wealth advisors more efficient and cost-effective.
The ICE difference
Client type | Challenge | ICE Solution |
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Wealth management consultant | Our client needed indicative pricing and reference data for their financial instrument list through their relationship management portal to generate investment proposals. | We supported data streaming integration across their relationship management portal to generate investment proposals with latest market data and pricing. |
Leading private bank | Our client needed support to meet compliance requirements to showcase best-ex across their trading system for wealth management clients. | We supported implementation of ICE eValueX service for OTC derivatives trades and ICE Continuous Evaluated Pricing for fixed income trade assessments. |
Asset manager | Our client was planning to launch fixed income as an investment option for their wealth management clients. | We implemented fixed income pricing solutions that helped them both in their trading processing and settlement, as well as redistribution to their clients via online portal and mobile application. |
Regional Bank | Our client required quality, timely, and extensive reference data security coverage for their multi-asset class security setup, trade validation and client reporting workflow at a fixed cost. | We formulated a multi-year fixed cost agreement for our multi-asset class universe reference data to be delivered into the clients Security Master to support their front to back workflow. |
Custodial clearing firm | Our client wanted to augment their clearing and custody platform to allow users to see client portfolio data alongside real-time analytics and market data, thereby providing a more holistic view of client accounts. | We integrated our white labeled desktop terminal into our client's customer platform that is used by hundreds of RIAs, banks and brokerage firms. |
Full-service brokerage | Our client needed to provide active trading software for their self-directed brokerage customers. | We customized our ICE Connect desktop platform with integrated brokerage tools to help our client meet the needs of these customers. |
Serving the next generation of wealth management clients
The wealth management industry is facing a seismic shift: the greatest wealth transfer in history, the rise of digital trading, and growing appetite for sustainable investing. Perhaps the most consequential demographic change is the transfer of up to $84 trillion in assets from Baby Boomers. Younger generations who inherit this wealth often have starkly different investment priorities — including a greater appetite for customization, a desire to invest sustainably, and a preference for digital interaction. They are more open to alternative asset classes such as private equity and cryptocurrency — for example, 75% of millennial and Gen Z investors surveyed by Bank of America believe it is not possible to achieve "above-average returns" using only traditional stocks and bonds.