Finlight vs Private Wealth Systems Comparison

You are looking for alternatives to Finlight. Here you can compare the best Investment Management Software and other family office technologies based on our annual benchmark and comparison surveys.
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finlight, family office software, portfolio management software, consolidated reporting software

Finlight

Category
Consolidated Reporting

UK-based Finlight makes investment reporting data easy to analyze and integrate through their platform that executes consolidated reporting, data aggregation, portfolio and risk management, and trading. A peer-enriched reporting dashboard also allows for portfolios' benchmarking against those of community peers.

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Private Wealth Systems

Private Wealth Systems

Category
Consolidated Reporting

USA-based Private Wealth Systems provides the digital infrastructure that powers modern family offices across the world. The platform is able to support even the most complex nested ownership structure through its capturing, correcting, calculating and presenting of actionable information across asset classes and currencies.

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Company
Employees

11-50

Revenue

$300k

Founded

2016

Ownership

  • Owned by management
  • Clients are also owners
  • Key staff also have ownership
Incorporated

United Kingdom

Locations

  • London
  • Brussels
Top 5 Markets

  • Belgium
  • Germany
  • Luxembourg
  • United Kingdom
  • Switzerland
Total AUM

$5B

Avg. AUM per client

-


  • 11-50

  • $4 million

  • 2014

  • Owned by management
  • Clients are also owners

  • United States of America

  • Charlotte
  • New York
  • Salt Lake City

  • Switzerland
  • United States of America
  • United Kingdom
  • Saudi Arabia
  • Australia

  • $200 billion

  • $223 million
Client
Focus

Single-Family Offices

Serves also

  • Individual Wealth Owners
  • Multi-Family Offices
  • Fund managers
  • Financial advisors
  • Banks
Number

  • 10 single family offices
  • 2 multi family offices
  • 2 pension funds
  • 1 asset manager
  • 1 trustee, 1 aggregator

  • Single-family offices

  • Multi-family offices
  • Banks
  • Individual wealth owners
  • Fund managers

  • 650+ UHNWIs and family offices
Product
Main tasks

  • Consolidated Reporting
  • Portfolio Management
  • Trading (orders only)
  • Data Aggregation
  • Risk Management
Top features

  • Automated PE/VC reporting data extraction
  • Automated pdf reporting statement extraction
  • Central, front office-like, position keeping with integrated order creation tools
  • With the following optional features
  • Upload into third party software (Bloomberg, LinksAnalytics)
  • PE cash-flows planning
  • Peers-enriched, consolidated dashboard
  • Portfolio risk and performance analysis
Assets supported

  • Bankable assets
  • Private equity
  • Real estate
  • Rare collectibles
Compliance

GDPR

Whitelabel

Yes


  • Accounting
  • Consolidated reporting
  • Portfolio management
  • Data aggregation
  • Risk management
  • Impact/ESG reporting

  • Data aggregation – our direct bank feeds captures 3x more data than other providers.
  • Data validation – we perform daily reconciliation and correct bank data errors.
  • Performance calculation – in side by side comparisons with other systems we have proven double-digit accuracy in performance and analytics.
  • Custom reporting – our award winning data model empowers each user to personalize their data any way they want.
  • Digital portal – wealth owners can customize their own mobile dashboards to have total power over their wealth.

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

  • GDPR

  • Yes
Technology
Type Of Software

SaaS

Security

  • Secure server in Switzerland with multiple firewalls
  • Two cyber security companies to test and monitor our security on a daily basis
  • Anonymous client information
  • Dual security login with clear access
Ecosystem

Java
Linux

Integrations

  • Bloomberg <PORT>
  • Links Analytics
  • In-house systems
  • Automatically learning data conversion dictionary
Mobile App

Yes


  • SaaS
  • Serviced software

  • Multi factor authentication
  • Application scanning
  • Network scanning
  • Encryption at-rest and in-transit
  • Data leakage prevention (DLP)
  • User level access controls
  • Annual audits by global banks

  • Microsoft

  • API that can connect with any third party system including CRM, bill pay

  • No
Simple solutions for complex times.