LedgeX vs Northern Trust Family Office Technology

You are looking for alternatives to LedgeX. 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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ledgex

Ledgex

Category
Portfolio Management

USA based, Ledgex Pro is comprehensive portfolio management and accounting suite designed specifically for family offices to help them with data quality & control, portfolio accounting, general ledger, performance & analytics reporting, modelling, and beneficial owner tracking.

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Northern-Trust-family-office

Northern Trust Family Office Technology

Category
Consolidated Reporting

Northern Trust is a global financial institution that provides asset servicing, investment management and wealth management services for institutions, high-net-worth individuals and families or their family offices.

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Company
Employees

11-50

Revenue

–

Founded

2010

Ownership

Privately owned

Incorporated

  • United States of America

Locations

  • Waltham, Massachusetts

Top markets

–

Total AUM

–

Avg. AUM per client

$500 million – $1 billion


100-500 (in GFO’s division)


$6.1 billion ($286.3 million – GFO’s trust fees)


  • 1889


-


  • United States of America


  • Chicago
  • London
  • Guernsey
  • Luxembourg
  • Abu Dhabi


-


  • $114 billion (Northern Trust’s GFO)


$900 million  (median $350 million)

Client
Focus

  • Single family offices
  • Multi-family offices

Serves also

  • Complex asset owners

Number

  • 15


  • Single-family offices


  • Individual wealth owners


  • Approx. 500 GFO clients

Product
Main Tasks

  • Data aggregation and management for all transactions and market values
  • Review and approval of transaction and market value entries
  • Tax lot processing and reporting
  • General ledger processing
  • Financial reporting
  • Beneficial owner management and reporting
  • Portfolio modeling
  • Cash flow modeling
  • Exposure monitoring and reporting
  • Performance and analytics reporting
  • Entity management

Top features

  • Data aggregation and management
  • Data confidence index reporting
  • Side by Side ABOR vs IBOR Reporting
  • Beneficial ownership
  • Liquidity forecasting
  • Entity management
  • What-if/Portfolio modeling
  • Exposure reporting
  • Lookthru reporting

Assets supported

  • Public funds (partnerships, offshore funds, unitized funds, mutual funds/ETFs, etc)
  • Private investments (private equity, venture capital, REITs, etc)
  • Any commitment-based funds
  • Marketable Securities
  • Trusts
  • Cash and liquid assets
  • Personal assets (real estate, vehicles, artwork, etc)

Compliance

–

Whitelabel

Yes


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


  • Holistic, aggregated single source of data
  • Automated cash & trade transaction tools
  • Comprehensive user report library
  • Ad-hoc custom reporting
  • Easily-accessible mobile platform
  • Dedicated client service team
  • Integrated partnership accounting & general ledger
  • Security & integrity of your data


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


  • MiFID II
  • GDPR
  • AIFMD
  • UCITS


  • Yes

Technology
Type of software

SaaS

Security

–

Ecosystem

  • Azure PaaS and IaaS

Integrations

  • Data feeds
  • OCR integration
  • CRM integration
  • 3rd party general ledger systems
  • Document storage solutions
  • AP/Bill pay
  • Data warehouse

Mobile App

No


  • Serviced software


  • Multi-factor authentication
  • Anti-fraud programs & IT security team
  • Three-tiered network architecture with redundant firewalls and DMZ layer
  • Network intrusion detections systems.
  • Regular network- and application-level penetration tests
  • Anti-virus practices at network, app and database levels
  • Several limits to employees’ ability to see and manage client data
  • Dedicated fraud prevention and investigations unit


  • Linux
  • Java


  • We interact with a variety of external vended software and send data (once authorized by the client) daily. Existing connectivity can be confirmed on request.


  • Yes