Canopy vs Sharpfin

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canopy, family office software, portfolio management software, consolidated reporting software

Canopy

Category
Consolidated Reporting

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.

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Sharpfin

Category
Consolidated Reporting

Sharpfin digitizes KYC and AML processes for a fully compliant customer lifecycle management. Furthermore the solution consolidates data from various data sources to provide a holistic view of your clients or familys asset and performance. We take pride in providing market leading data quality to make sure that your analysis and reports are correct at any given time.

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Company
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)


  • 0–10


  • $600k


  • 2014


  • Owned by management
  • Kay staff also have ownership
  • Clients are also owners
  • External investors


  • Sweden


  • Stockholm


  • Sweden
  • Finland
  • Norway
  • Switzerland
  • United Kingdom


  • $4 billion


  • $400 million

Client
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.)


  • Independent financial advisors
  • Registered investment advisors


  • Single-family offices
  • Multi-family offices
  • Individual wealth owners


  • 3 SFOs
  • 1 bank
  • 6 RIAs

Product
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


  • Consolidated reporting
  • CRM
  • Compliance (e.g. AML, KYC, regulatory reporting)
  • Portfolio management
  • Data aggregation
  • Risk management
  • Impact/ESG reporting


  • AML/KYC documentation and monitoring
  • Consolidated reporting
  • Calculation of management fees
  • White labeled reporting and customer portal
  • Depreciation reporting
  • Cost reporting
  • Model portfolio management and rebalancing
  • Block order management
  • Risk management


  • Bankable assets
  • Private equity
  • Real estate
  • Rare collectibles (e.g. luxury cars, boats, high-value jewelry)


  • MiFID II
  • GDPR
  • FinSA/FinIA
  • AIFMD
  • UCITS


  • Yes

Technology
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

Ecosystem

-

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


  • Services software
  • SaaS


  • Two factor authentication through Yubikey or one time password
  • Strong SSL encryption on all traffic
  • Market unique access control to ensure that users only have access to functionalities they should


  • Linux
  • Java


  • Active Directory
  • Interfaces to a number of CRM system and accounting software
  • Any other third party software through our API


  • Yes (iOS, Android)

Simple solutions for complex times.