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Drake Star Partners Releases its Inaugural Report on WealthTech

MUNICH | PARIS | LOS ANGELES | LONDON | February 21st, 2019 – Drake Star Partners announced today that it released its first report on the WealthTech sector. Co-written by the Munich, Paris, Los Angeles and London offices, this inaugural industry report titled “The Rise of WealthTech” features some of the major changes the wealth management segment has faced in recent years with the advent of innovative, tech-intensive solutions.

In addition to capturing the market and sharing notable use cases, this inaugural WealthTech industry report also looks at trends in private placement and M&A activities globally, while providing an outlook for the future of digital wealth management. The report extensively profiles a significant number of international WealthTech companies that are set to disrupt the wealth management segment, while illustrating Drake Star’s own track-record within this field.

As is the case with Drake Star Partners’ most recent sector reports, “The Rise of WealthTech” also provides the firm’s five exclusive predictions and trends to watch pertaining to the sector, as digital wealth solutions keep disrupting the segment and challenge incumbents into adopting new technologies or considering various M&A options. These predictions are predicated on the firm’s deep vertical expertise, ongoing research and transactional work throughout this dynamic industry.

This international co-writing effort is also the product of recently adopted vertical teams – a firmwide strategy that is aimed at accelerating cross-border collaborations on Drake Star’s M&A and corporate finance projects, as well as the groundwork required to preparing such in-depth industry reports.

“The Rise of WealthTech” reports 43 M&A deals in 2018 year-to-date – an increase of 14 over the same period in 2017 – while identifying 471 private placement deals with approximately $12.6 billion in total capital raised in this space between January 2015 and September 2018. Some of the research’s more forward-looking figures include the size and the growth rate of the underlying wealth management sector ($85 trillion in 2016 globally and projected to reach $101 trillion by 2020, representing a +6% CAGR), and the total amount that Robo-advisors are expected to manage by 2020 (between $2.2 a 3.7 trillion in assets).

Julian Ostertag (Managing Partner, Munich), Christophe Morvan (Managing Partner, Paris), Michael Metzger (Partner, Los Angeles) and Kasper Kruse Petersen (Partner, London) produced this report in collaboration.

Inquiries

For further inquiries on Drake Star Partners’ inaugural WealthTech report, please contact:

Julian Ostertag (Managing Partner, Munich): julian.ostertag@drakestar.com
Christophe Morvan (Managing Partner, Paris): christophe.morvan@drakestar.com
Michael Metzger (Partner, Los Angeles): michael.metzger@drakestar.com
Kasper Kruse Petersen (Partner, London): kasper.petersen@drakestar.com

Inquiries

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Julian Ostertag
Managing Partner, Member of the Executive Committee FinTech Software/SaaS
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Michael Metzger
Partner Digital Media FinTech

Los Angeles

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Kasper Kruse Petersen
Partner FinTech Software/SaaS

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