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


$4M


2014


  • Owned by management
  • External investors


United States


  • Charlotte
  • Darien


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


-


$200M

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
  • Financial advisors
  • Banks
  • UHNWIs
  • Fund managers


  • 2 private banks
  • 2 accounting firms
  • 2 RIAs
  • 4 MFOs
  • 30 SFOs
  • 21 UHNWIs

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
  • Compliance
  • Portfolio Management
  • Data Aggregation
  • Risk Management
  • Impact/ESG Reporting


  • Personalized attributes
  • Personalized Data Sets
  • Personalized Structures
  • Data Reconciliation
  • Performance Calculation
  • Account Aggregation
  • Custom Reporting
  • Portfolio Management
  • Partnership Accounting


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


  • GDPR
  • MiFID II


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
  • Monthly scanning of code base to ensure no backdoor entry
  • Continuous network scanning for intrusion detection/prevention
  • Data Leakage Prevention for internal users
  • Attack/Penetration testing on an on-going basis by several private banks


Microsoft


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


Yes

Simple solutions for complex times.