The January 2025 version of our AI WealthTech Market Map illustrates how AI is moving further into the WealthTech landscape as vendors, both new and old, apply some form of artificial intelligence (AI) into their offerings to deliver new and engaging solutions to the global wealth management sector.

Founded on our global Solution Provider Directory, which features almost 3,000 business profiles and 7,000 of their individual solutions, the Map will continue to evolve and expand as the application of AI within the vendor landscape continues to grow and as we continue to look for the application of AI both within our existing directory and within the new firms we add to it. What is already abundantly clear is that AI, as a layer within the WealthTech ecosystem, is already established and will continue to develop at a pace as firms both feel they need to react to this market topic to stay relevant and as the technology allows them to bring it into their offerings where relevant.

Of course, with the ongoing hype surrounding AI in our daily news feeds, this week being all about DeepSeek, we won’t see any drop off in the activity in this area for the foreseeable future. AI, as an enabler of change, as a driver of efficiency, as a means to differentiate wealth management businesses, is firmly on today’s wealth management executive’s agenda.

Categorisation
For this Map, categorisation is firstly driven by the Business Need categories used within the Technology & Data marketplace within our global online Solution Provider Directory. You can access all of those here.

Rather than all 25 Business Needs, we have used 18 of those categories for this Map but that will likely evolve as we understand more about what is in the market, what is coming to the market, as firms tell us more about their offering, and so on.

For each entry into the Map, we review the firm's offering to the market and select, as we see it, the most relevant Business Need. This dictates where the firm sits within our Map. There is no further overlay at present. This single selection model is different to our online Solution Provider Directory where we can select whichever Business Needs are relevant to a solution's capability and focus.

Additionally, within the Map, we have also added 'Advisor Tools' and 'Consulting' as additional categories. For Advisor Tools, each firm included here is also assigned to a most relevant Business Need. As we move forward, we will likely add other categories to support a user's navigation of what promises to be a growing resource.

Featuring on the Map
The entrants to the Map are determined by us, and their inclusion is based solely on relevance to the wealth management sector. We do not have a specific geographic focus, nor do we focus solely on one type of wealth management business. There are entrants in the Map that are very much for the biggest firms in the markets such as the larger banks, and others that focus much more on entities such as IFAs or family offices. This level of detail will be available through our website in time, as well as through the supporting Market Map Factfile (see below).

For any firm that believes it should be included in the Map, we look forward to hearing from you!

Finally, for anyone viewing the Map, each of the firms included has a business and solution profile (or profiles) that can be found within our online Solution Provider Directory, either through the Business Need categories as highlighted above or through search.
  
AI WealthTech Market Map, January 2025 - 331 entrants

For any questions about the Map or to be included in it, please write to us at office@thewealthmosaic.com.