I have been working on an infographic to clearly document the evolution and emergence of digital wealth industry, e.g., wealth management, asset management, private banking, and brokerage, around the globe. More recently I have been asked to include companies that offer retirement and pension products, and after thinking about it, I decided to do it as saving & investing takes place throughout our lifecycles; it’s not limited to specific period of our lives, but rather wealthtech, investtech, insurtech and rettech (short for retirement technology) are part of our daily lives
Since last year I have published several updates of the original timeline which is still available as a picture or as a PDF file. I have been working with the timeline for a very long time, and I have received a lot of encouraging feedback as people have found it to be useful. At the same time, some people have pointed out quite rightly that the timeline is pretty stuffed and confusing as there are so many arrows pointing here and there, years come and go, and a lot of things are still happening or have happened that I have not managed to update the timeline due to space constraints as I have been updating the timeline when I have had time to do it.
Consequently, the timeline has been growing somewhat “organically,” i.e., someone has contacted me and told that I should take a look at this or that, and this has led me to keep updating the map although I follow the market relatively actively myself too. As I have read more and learned more about the industry, it has also affected my own thinking around various topics, i.e., what is robo-advisory, differences between various business models, etc.
Now it has come the time to upgrade the timeline and provide more context for each entity, event, and transaction so that the timeline is more future proof and user-friendly for those who want to get a better picture of the ever-evolving landscape. This timeline will include everything ranging from pure-play robo-advisors to delivery partners offering financial planning services
If you have any questions, feedback or suggestions on how to improve this work, contact me.
This work is licensed under CC BY-NC-SA 2.0.
This timeline reflects the author’s personal research and opinions in his individual capacity. It does not necessarily represent the views of author’s current or past employer(s) and is not sponsored or endorsed by any 3rd parties.
The information in this timeline is intended for educational and illustrative purposes only. The infographic is provided on an “as-is” basis with no guarantees of accuracy, completeness, usefulness or timeliness and without any warranties of any kind whatsoever, expressed or implied. The author is not responsible for the links that refer to 3rd party content, and links are used only to provide sources and more in-depth information regarding particular issues.
Data contained in this timeline has been acquired from various public sources and records. More specific references are available upon request.
Additional data retrieved from various private conversations are shared under the joint agreement.
All brands, logos, company names, etc. are the property of their respective owners, and these parties have not explicitly authorized their use. Trademarks, logos, etc. are used solely to identify specific events, and the use of these identifiers does not imply any endorsement or recommendation by the relevant parties.