Still Taking What They Prescribe? Why Wealth Managers Must Break Free from Platform Dependency
The Hidden Cost of Third-Party Platforms
Wealth managers are in a high-stakes industry, yet many still rely on third-party platforms that dictate their business model. These platforms decide fees, client data access, and growth potential, leaving firms with little control over their own future.
At a time when data ownership, scalability, and cost efficiency are more critical than ever, firms must ask themselves: Are you still taking what they prescribe?
What You’re Giving Up
On the surface, third-party platforms offer convenience—handling the infrastructure, compliance, and operational processes. But that convenience comes with significant trade-offs:
- Fees & Revenue Control – Your pricing structure is dictated by the platform, reducing margins and limiting flexibility.
- Limited Data Access – You don’t fully own or control your client data, restricting insights and innovation.
- Growth Restrictions – Your expansion is tied to their roadmap, not your own strategic goals.
”Wealth management firms relying on third-party platforms lose up to 18% of their potential revenue due to hidden costs and restrictive pricing models.”
BCG Global Wealth 2023 Report.
The Shift Toward Platform Ownership
The industry is changing—forward-thinking firms are taking ownership of their infrastructure to gain control, boost profitability, and create future-proof businesses.
Wealth management is about strategic decision-making—and platform ownership is becoming one of the most critical decisions firms can make.
Graphene: A Smarter Alternative
At Graphene, we make platform ownership simple. Our embedded infrastructure allows firms to own their platform without the cost, risk, or complexity of building from scratch.