Want to build or enhance a robo-advisor solution, portfolio management tool, or micro-investment platform? You’ve come to the right place!
Relevant provides full-stack fintech consulting services that will help you tackle challenges, minimize costs, and increase the efficiency of your wealthtech development projects.
With more than 8 years of expertise in custom software development, we will easily build you scalable wealthtech software with a range of features exclusive to your business.
No matter what applications you want to integrate with your software, you can rely on us. Our skilled team efficiently implements all the integrations using the right toolsets.
Our support services go much beyond fixing errors and bugs. We’ll make sure that your app is reliable, scalable, and up-to-date, which is essential for the success of your business.
A robo-advisor is a powerful financial tool that will help you collect information about clients’ financial situation and future goals and use these insights to provide advice or automatically make investments based on the defined criteria.
Investment software in wealthtech refers to solutions providing investors with data on investment offers. These may help compare brokers on the market, provide access to an experts’ network, or receive investment reports in a newsletter.
Micro-investment tools are wealthech applications that allow users to invest small amounts of money regularly. The idea is that the investors do not have to pay a commission, which means they can make investments even if their incomes are small.
This type of wealthtech software helps investors and financial advisors manage their investment portfolios in one place. With such a tool, users can analyze the investments, forecast, and make decisions independently.
This wealth management services type is focused on retirement savings accounts. Robo-retirement tools are top examples of how fintech software helps small businesses and individuals manage their savings plans effectively.
Digital brokers allow users to become aware of their investment opportunities. These tools enable businesses and investors to receive the recent stock market information, get updates on their investments, and build a good portfolio by replicating successful strategies.
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Wealthtech is a Fintech niche that combines technology and wealth with the idea of improving personal and business wealth management strategies. Wealthtech software solutions (e.g. software for financial advisors) use modern technologies, including artificial intelligence, machine learning, and big data to provide users with the most relevant financial information or advice. We can think of wealthtech software as a collective term for digital tools built to improve asset management and investment processes for individuals and small to medium-size businesses. These are the tools that allow making even minimal investments (e.g., double-digit dollars amount) as they aim to satisfy every customer’s needs.
Here are a few latest trends in wealthtech industry, you can’t overlook, according to the CBInsights State Of Wealth Tech Q1’21 Report.
The robo advisory market is growing steadily, and it is expected to reach $41.07 billion by 2027. This niche should generate a CAGR of 31.8% between 2021 and 2028. Such numbers aren’t too surprising when considering the many benefits of robo-advisors usage. These are:
If you require more information on robo-advisors, read our blog about robo-advisory software development. And if you are ready to start developing wealthtech software, contact us!
Below you can view some of the best wealthtech solutions grouped by type.
Robo-advisors examples
Digital brokerage examples
Portfolio management software examples
Micro-investment platforms
No two wealthtech apps are created equally, so there’s no single answer to that question. The total cost of building a wealthtech solution depends on various factors, such as the type of software (do you want to create an investing app or a robo-retirement platform), the number of features you want to add, third-party API integrations, and even the development approach that your development team use.
One of the significant factors that influence wealthtech solution costs is the programmers hourly rate, which is often defined by developers location. The cost of hiring a fintech developer varies widely based on your outsourcing country, as well as the seniority of programmers. If you can easily hire fintech software developers in Ukraine with an hourly rate of $70 (senior specialist), hiring developers in London will be much more costly.
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