Front-to-back Modernization in Wealth Management Supplier Intelligence Playbook: Back-office Optimization

The back office in wealth management is rapidly transforming as firms look to optimize post-trade, accounting, servicing, and billing functions. Once seen as a cost center, the back office is now central to operational resilience, audit readiness, and digital scalability.

This report presents Everest Group’s perspective on how enterprises can optimize the back office across six key subprocesses: trade processing, trade accounting, fund accounting and administration, asset servicing, collateral management, and billing and fee management. Each subprocess is analyzed through the lens of operational fragmentation, compliance complexity, and automation potential. The report also evaluates how WealthTech platforms and enterprise providers are enabling transformation through modular design, cloud-native engines, and AI-powered workflows.

Streaming NAV engines, tokenized servicing models, real-time reconciliation, and embedded billing logic define the directional future of the back office. The report further outlines strategic implications for enterprises and technology and service providers focused on enabling scalable, intelligent, and future-ready back-office operations.