Wealth Platform Vendor Selection Director — Consulting

The mandate

The problem is a stalled platform choice: functional lists favour every bidder, while advisers and operations disagree on the workflows that matter. The client needs a defensible selection, not implementation design.

The output is a traceable requirements model, eight end-to-end demonstration scenarios, weighted evaluation, five-year cost comparison, reference findings, risk register, preferred bidder recommendation and negotiation guardrails.

Milestone one is due 25 September 2026 with requirements and scenarios; milestone two on 23 October with completed demonstrations and reference evidence; milestone three on 13 November with recommendation, cost model and contract positions.

Acceptance by the Platform Selection Council requires every score linked to evidence, unanimous scoring rules before demonstrations, finance validation of cost, compliance approval of mandatory controls and documented resolution of evaluator variance above twenty percent.

The client provides process owners, current application costs, transaction volumes, security standards, sample portfolios and procurement access to bidders. Vendors receive identical data rooms and response windows administered by client procurement.

Why this is external work

Internal evaluators have strong preferences rooted in present pain and prior vendor experience. A time-boxed independent team can impose evidence discipline and keep commercial influence outside scoring. The selected consultant will be excluded from implementation bidding.

What you will own

• Convert adviser, operations, compliance and technology needs into milestone-one weighted requirements.
• Design eight scenarios spanning onboarding, advice, trading, fees, corporate actions and reporting.
• Moderate scripted demonstrations and capture evidence without accepting roadmap promises.
• Complete customer references focused on production scale, service and upgrade experience.
• Build a comparable five-year cost model including migration, interfaces and internal effort.
• Resolve scoring variance through documented evidence before milestone three.
• Present the preferred bidder, residual risks and negotiation guardrails for council acceptance.

Candidate qualifications

• 18–22 years in wealth operations, platforms, architecture or technology procurement.
• Direct leadership of at least two wealth-platform selections or replacements.
• Working knowledge of portfolio accounting, advice, trading, fees and client reporting.
• Evidence of scenario-based evaluation that changed an initially favoured vendor outcome.
• Strong commercial modelling and contract-risk capability.
• No current reseller or implementation partnership with invited bidders.

Non-negotiables

• Contractual exclusion from the subsequent platform implementation bid.
• Identical bidder access, scenarios and clarification windows.
• Onsite Pune moderation for all demonstrations and selection-council reviews.
• Complete disclosure of prior bidder revenue and relationships.

1. 49 words maximum. Which wealth-platform selection did you lead, and what scenario evidence overturned an early preference?
2. 49 words maximum. How will you prevent roadmap promises and presentation quality from affecting scored capability?
3. 49 words maximum. Which invited platform relationships or implementation partnerships must you disclose?