How big is the wealth management gap between US financial institutions

How big is the wealth management gap between US financial institutions

Demand for digital-first wealth management services is growing. And the stakes — customers' financial wellbeing and future prosperity — make wealth management a natural fit for credit unions, with their community-focused ethos and the high levels of trust they enjoy.

Yet, our research consistently finds credit unions lagging behind both incumbents and challengers when it comes to digital wealth management capabilities. 

Seeing as the top 4 national banks — Citi, JP Morgan Chase, Bank of America, and Wells Fargo — dominate the US market, and challengers are steadily gaining momentum, this is a missed opportunity for credit unions to carve out more space and revenue.

Here's a look at where credit unions' digital wealth management capabilities currently stand and what their options are moving forward, based on the latest data from our digital banking research platform FinTech Insights.  

The US wealth management landscape in 2026

For this article, we created a data-set — FinTech Insights calls this a market of focus — made up of 49 credit unions, selected as a representative sample of the market, along with 20 legacy banks.

CUs and Legacy

Right off the bat, it's clear incumbents' wealth management capabilities far outstrip those of credit unions. 

The gap analysis graph below shows that incumbents support...

 

Read the full article and the findings of the research on the Financial Brand

 

Want a more in-depth look at the current state of digital wealth management in the US?

Alexandros C. Argyriou : CEO of FinTech Insights
Alexandros is the CEO of FinTech Insights, the AI-powered competitive analysis platform for digital banking leaders. FinTech Insights has helped some of the largest banks and financial institutions in the world with digital transformation projects. The platform exhaustively analyses 500K+ legacy banks' and fintechs' user journeys and lets you experience them just as a customer would, so you can find out exactly how your competitors have addressed common challenges, build on their success, and learn from their mistakes.
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