Wealth Management Technology Spending in Australia to 2015

Wealth Management Technology Spending in Australia to 2015


April 1, 2011
63 Pages - SKU: DFMN6387803
License type:
Online Download      US $995.00
Global Site License      US $2,487.50
Countries covered: Australia

This report is one of many Wealth Management Technology Spending Market Forecasts databook covers key aspects of the Wealth Management Technology Spending:
  • Hardware - Hardware spend includes not only the physical product but also installation costs and initial training. Maintenance contracts are excluded (as these can be bought separately). Software that is fully embedded and cannot be bought separately (namely basic router/hub software) is included, as is the operating system and software necessary for the hardware to be used. All other software is excluded.
  • Software - Software refers to ‘packaged’ software expenditure consisting of the license fees paid by end-users for the use of vendor software created for a non-exclusive market. This includes the initial purchase fee plus any annual or peruser license costs. It excludes any customization charges, implementation or integration costs.
  • Services - Services expenditures are split between systems integration, professional services (including consulting, custom software design and technical training services) and outsourcing (including facilities management and processing services).
  • Systems integration - Systems integration expenditure covers the technical element of developing IT systems, including the costs involved in the implementation of new or existing hardware and software and its integration into the end-user’s IT environment.
  • Professional services - Professional services expenditure includes the added-value and institution-specific services (typically project based) provided by vendors to the financial serv purely technical element of IT, creating or adapting IT processes to meet business requirements.
  • And much more!

Introduction

This Databook provides insight into key technological market dynamics in the Australian wealth management technology sector. It quantifies technology spending within the wealth management industry from 2007 to 2009 and then forecasts the spending from 2010 to 2015, covering three business locations, six technology sources, and 15 key business functions spanning four lines of business.

Scope
  • Overview of wealth management technology spending in Australia
  • Technology spending within the high net worth banking and financial planning line of business
  • Technology spending within the retail asset management, retail brokerage, and mass affluent banking/financial planning business lines
Highlights
  • Technology spending within the wealth management industry in Australia declined at a CAGR of 1% between 2007 and 2009. This is expected to grow at a CAGR of 8.5% over the 2009-15 period.
  • The retail asset management line of business accounted for the largest share (35%) of total technology spending within the wealth management industry in 2009. High net worth banking and financial planning, and mass affluent banking and financial planning followed, by accounting for 29.5% and 24% shares, respectively.
Reasons to Purchase
  • Develop business strategies by analyzing the spending patterns among various business functions within the wealth management industry in Australia
  • Gain insight into initiatives and strategies employed by wealth management institutions to remain competitive
  • Understand market sizes and growth trends for key sub-segments within the wealth management technology sector



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