Abbove
Abbove (PaxFamilia) develops a collaborative wealth planning platform uniting advisors, their clients, wealth data and technology in one place.
Abbove’s goal is to help advisors serve their clients with a structured and holistic approach to their wealth. To that end, their wealth management platform helps financial advisors to:
– Understand their clients’ global (wealth) situation. For this, the platform is equipped with structured and detailed inventories in which data about assets, family and marital situation, gifts, financial objectives and wealth-related documents can be stored and organised.
– Serve their clients with the right solutions at the right time with the help of integrated planning tools, such as a financial planning tool, reporting tool and inheritance tax calculator (Belgium only).
– Offer their clients continuous support and a unique client experience. The platform allows advisors to actively engage their clients in their wealth planning by giving them 24/7 access to their wealth data via an intuitive client interface. In addition, the clients can also invite family members or other trusted third parties to access their wealth database and enrich it together.
What sets Abbove apart?
"We are developing a wealth planning technology that helps financial institutions provide holistic wealth management services: from fully understanding clients' global situation to delivering the best solutions based on their personal needs and ensuring a digital and interactive customer experience."
Guillaume Desclée
Product
Get an overview of what this software does.
Main tasks
- Consolidated reporting
- Data aggregation
- Succession simulator
- Data visualisation
- Financial planning simulator
Top features
- Family structure
- Asset inventory
- Donation inventory
- Ownership framework
- Interactive structure diagrams
- Secured digital vault
- Financial planning tool
- Inheritance tax simulator
- Smart reporting tool
- Third party access
Assets supported
- Bankable assets
- Private equity
- Real estate
- Rare collectibles (e.g. luxury cars, boats, high-value jewelry)
- Insurances
- Companies
- Liabilities
Compliance
- GDPR
Whitelabel
- Yes
Type Of Software
- SaaS
Security
- ISO 27001 certified by Summer 2021.Protection
- SSL protocol data encryption
- Access account is protected by a double SMS authentication system
- Vulnerability tests
- Third party security assessment reports
Integrations
- API
- File integration framework
- Banking aggregation
- File upload
Mobile App
- No
Type of data
- Holding level
Accuracy
- ISO 27001 certified 2021
- CSSF SaaS provider
- Frequent penetration tests
- Third party security
- Assessment reports
Custodians
- 300+
Multi-currency
- Multiple base currencies
Cost structure
- Feature based
- Seat based
Average cost p.a.
- €15k
Category
Consolidated Reporting
Country
Belgium
Company Representative
Guillaume Desclée
Key Company Info
Have a look at the company, clients and references to learn whether this is a match for you.
Employees
- 11-50
Revenue
- $2 million
Founded
- 2017
Ownership
- Owned by management
- Key staff also have ownership
- Owned by a larger corporation
Incorporated
- Belgium
Locations
- Brussels
Top markets
- France
- Luxembourg
- Belgium
- Switzerland
- Monaco
Total AUM
- $100 billion+
Focus
- Multi-family offices
Serves also
- Single family offices
- Multi-family offices
- Asset managers
- Fiduciaries
Number
- 900+ advisors
- 26k+ families (end-users)
BNP Paribas Fortis
Deloitte
VGD
Van Havermaet
MyFamilyOffice
Pulse Neo Family Office
Baker Tilly
What Abbove's clients say?
"Abbove is a major innovation in the world of Wealth Management."
Stephane Vermeire, General Manager Private Banking and Wealth Management at BNP Paribas Fortis.
Support & services
Learn what support and services you can expect
Support options
General contact mail or phone
In person on site support
24/7 accessible knowledge base
Pricing of support
Based on SLA
On use basis
Free support
Customisation
User interface
Reports templates
Activated planning tools
Bespoke development
Connections to existing systems
Wondering how Abbove compares to other companies?
We also reviewed some other Consolidated Reporting Providers
Q
What is Abbove?
A
Abbove provides a consolidated reporting solution to family offices.
Q
What does Abbove do?
A
Abbove offers a unique, collaborative wealth planning platform that unites advisors, their clients, wealth data, and technology through a single interface.
Q
How does Abbove work?
A
Abbove offers structured and detailed asset inventories where all the data about family assets, wealth structures, gifts, financial objectives and wealth-related documents can be stored and organised in a secure, digital vault. Abbove also features robust integration solutions to existing software through its own API, file integration framework, account aggregation, and file import/export.
Q
How much does Abbove cost?
A
Seat-based or feature-based pricing structure with an average per-annum cost of €15k.
In the media
