Canopy
New York based Canopy is a turnkey and fully customizable software solution, offering private & anonymous wealth account aggregation, portfolio analytics and client reporting. Covering all kinds of asset classes, markets and currencies, Canopy allows family offices to submit their data, with the platform doing the rest.
What sets Canopy apart?
"We are the most versatile Financial Data Aggregation & Analytics platform taking Financial Transactions Data in any format, from any custodian and create hyper personalized analytics on it."
Sinan Biren
Product
Get an overview of what this software does.
Main tasks
- Consolidated reporting
- Accounting
- Portfolio management
- Data aggregation
- Risk management
- Impact/ESG reporting
- Backoffice
Top features
- Asset/account consolidation
- Investment/portfolio data aggregation
- Multi-bank, multi-asset class, multi-currency reporting
- Data Visualization
- Data Analytics / Insights
- BPO
- Fully customized reporting on bankable and non-bankable assets, Real Estate, Art and more
- Insight messages via email / whatsapp to stimulate client action
- General ledger
- Data sovereignty where each
client gets their own database for 24/7 write/access
Assets supported
- Bankable assets
- Private equity
- Real estate
- Rare collectibles
Compliance
- MiFID II
- GDPR
- FinSA/FinIA
Whitelabel
- Yes
Type Of Software
- Serviced software
- SaaS
- Fully standalone
Security
- Anonymity of personally identifiable information
- International security standards
- Data and database encryption
- Ethical hackers
- Firewall systems
- 2fa authentication
- Four-eyes updates and improvements
- Restricted access
- Staff training
- ISO 27001 certified
Integrations
- Plugs into any system via APIs
- Xero
- Sage
- Quickbooks
- PowerBI
- Converts non-standardized data into the desired data format i.e. ViewPoint, Abacus, NavOne account software etc.
Mobile App
- Yes
Type of data
- Transaction level
Accuracy
- Price check with Bloomberg and FactSetc
- Ensure positions quantity match deposit/loan reinvestments
Custodians
- 400+
Time to new custodian
- 30 mins – 3 weeks
Multi-currency
- Can set multiple base currencies.
- Can separate holding level gain/loss from currency gain/loss.
Cost structure
- Flat fee
- Data based
Average cost p.a.
- Single Family Office: $20,000–40,000
- Average RIA: $35,000–70,000
Key Company Info
Have a look at the company, clients and references to learn whether this is a match for you.
Employees
- 50-100
Revenue
- $2.5 million +
Founded
- 2014
Ownership
- External investors (neither clients nor staff)
- Clients are also owners
- Key staff also have ownership
- Owned by management
Incorporated
- Singapore
Locations
- United States of America
- Singapore
- Switzerland
Top markets
- United States of America
- Singapore
- Hong Kong
- Switzerland
- United Arab Emirates
- United Kingdom
Total AUM
- $174 billion+
Avg. AUM per client
- $30 million+ (per HNWI)
Focus
- Single-family offices
Serves also
- Individual wealth owners
- Multi-family offices
- Financial advisors
- Banks
- Fund managers
Number
- +2,400 UBOs (of which +20 billionaires) and approx. +350 wealth managers (i.e. SFOs, MFOs, RIAs, EAMs, WMs, PBs, trustees & etc.)
Credit Suisse, UBS, Bank of Singapore
Request ReferencesSupport & services
Learn what support and services you can expect
Support options
In person on site support
Dedicated contact
General contact mail or phone
Pricing of support
Free support
Onboarding
1–2 weeks if Canopy is processing PDF Bank Statements.
If Canopy is processing data feeds, then 3 - 6 weeks.
Customisation
Analytics
Reporting (via Tableau BI SW, or PowerBI integration)
Individual SQL database can be customised.
Fully customised reporting on PE, Real Estate, Digital Currencies (i.e. Bitcoin), Art Collection, Wine Collection and more.
Added services
Providing Data Backoffice (i.e reconciliation, corporate action fixing)
Create General Ledger
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