Altoo
The Altoo Wealth Platform provides simplicity and control to wealthy private individuals and family offices, by aggregating and monitoring wealth data in an intuitive way.
Altoo Wealth Platform empowers wealthy individuals and family offices to consolidate and interact intuitively with their total wealth. Altoo’s technology aggregates daily updated data for all types of assets (bankable- and non-bankable assets) and provides additional features such as secure document storage, monitoring and reports.
Developed and hosted in Switzerland, Altoo enables its clients to keep track and control of their total wealth situation and allows its users to collaborate within their trusted network via secure communication.
For the latest trends and changes in digital wealth management, listen to Altoo’s Insights podcast.
Have a question regarding Altoo?
Contact Altoo directly, or opt for discretion with our private exploration option and take advantage of a free 20-minute consultation with the Simple team to thoroughly explore your service requirements.
What sets Altoo a part?
"The Altoo Wealth Platform aims to simplify complex wealth by making one’s investments more transparent. Our ability to let institutional and private clients alike view their performance across different asset classes, concentration in specific asset classes, historical data, and the power to determine portfolio adjustments all in one convenient location is what sets us apart from the competition."
Ian Keates
Product
Get an overview of what this software does.
Main tasks
- Consolidated reporting
- Governance
- Data aggregation
- Risk management
- Document management
- Task management
- Secure communication
Top features
- Consolidation of bankable and non-bankable assets
- Asset allocation overview and monitoring
- Independent performance calculation
- Intuitive ‘Explore’ feature to analyse asset/performance
- Safe document storage and tagging
- Monitoring of performance and asset movements
- Cashflow analyzer/future cashflows reporting
- Private equity reporting
- Legal structure overview
- Setup delegate users with partial access
Assets supported
- Bankable assets
- Private equity
- Real estate
- Rare collectibles (e.g. luxury cars, boats, high-value jewelry)
- Any asset class is supported
- 40+ types of bankable and non-bankable assets
Compliance
- GDPR
Whitelabel
- Yes
Type Of Software
- SaaS
Security
- Private cloud on own hardware
- Swiss Tier 4 Data Center individual client data encryption HSM
- 2FA and 3FA available
- For more, please see: https://sec3d.altoo.io
Ecosystem
- Linux
- Java
- Scala
- SBT
- cassandra
- akka
- grafana
- logstash
- kibana
Integrations
- Accounting software
- Portfolio management systems
Mobile App
- Yes
Type of data
- Transaction level
Accuracy
- API from custodian banks to aggregate bankable assets
- The daily feed including cashflow, securities transaction and end of day position
- Reconciling all portfolios to find erroneous data processing
Custodians
- > 500 custodian bank data connections
- > 3’000 PSD2 Cash bank connections
Time to new custodian
- 1 – 3 months
Multi-currency
- Multiple base currencies
- Separate holding level gain/loss from currency
- Gain/loss based on transaction data
- Gain/loss based on holding/position data
Cost structure
- One-off Project costs
- Altoo Wealth Platform, including various modules
- Connectivity to Custodians/banks
- Optional Manual Services (e.g. non-bankable asset support) by efforts if requested
Average cost p.a.
- UHNWI’s: 15 – 20k p.a.
- SFO’s: 20 – 40k p.a.
- MFO’s: 30 – 60k+ p.a.
Key Company Info
Have a look at the company, clients and references to learn whether this is a match for you.
Employees
- 11-50
Founded
- 2017
Ownership
- Owned by management
- Key staff
- Clients
Incorporated
- Switzerland
Locations
- Zug
Top 5 Markets
- Switzerland
- United Kingdom
- Italy
- Germany
- Hong Kong
Total AUM
- As the data is encrypted, Altoo is not in the position to calculate this data.
Avg. AUM per client
- CHF 250 million
Focus
- Single-Family Offices
- Individual Wealth Owners
Serves also
- Multi-Family Offices
- Fund Managers
- Financial Advisors
- Banks
- Trustees
Number
- 150+
Available upon request.
Request ReferencesWhat Altoo's clients say
"Before I started using the Altoo Wealth Platform, 'touching base' with my investments was not possible more than once or twice a year. Now I just log in and the legwork has already been done. Far more insights in far less time is a powerful combination! The technology is great and so is the team behind it. Very responsive and helpful people."
Toni Köhli
Support & Services
Learn what support and services you can expect
Support options
General contact mail or phone
Dedicated contact
In person on site support
Pricing of support
Free support
On use basis
Technical support free of charge
Support for data processing based on effort
Onboarding
24h, allowing the client to process non-bankable assets.
Connectivity to Custodian Banks: 2 - 8 weeks, depending on the banks.
Customisation
As a SaaS provider, we do not offer customisation as such, but we constantly improve the Altoo Wealth Platform in Co-Creatorship with our clients.
Usually, we release every 2 weeks new features.
Bespoke development
As a SaaS provider, we do not offer customisation as such, but we constantly improve the Altoo Wealth Platform in Co-Creatorship with our clients.Usually, we release every 2 weeks new features.
Added services
Data entry
Wondering how Altoo compares to other companies?
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FAQs
FAQs about Altoo
What is Altoo?
The Altoo Platform aggregates wealth data from multiple sources to deliver comprehensive wealth analysis, performance and reporting. It is a modern and sophisticated, highly secure, SaaS platform, 100% Swiss developed and hosted.
What does Altoo do?
Altoo provides simplicity and control for complex wealth for wealthy individuals through their intelligent consolidated reporting platform.
How does Altoo work?
Altoo provides detailed information about client wealth such as overviews, balance sheets, asset analysis, cashflows, etc. through its intuitive platform. All this data is also available on Altoo’s proprietary mobile application.
How much does Altoo cost?
One-off Onboarding fee combined with a SaaS-Subscription module with two pillars: Software including required modules and connectivity to custodians:
1. UHNWIs: CHF 15 – 20k p.a.
2. SFOs: CHF 20 – 40k p.a.
3. MFOs: CHF 40 – 60k p.a.
