PaxFamilia vs Wize By Teamwork Comparison

You are looking for alternatives to PaxFamilia. 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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Abbove

Category
Consolidated Reporting

Belgium's PaxFamilia helps patrimonial advisors to serve their clients with a holistic and structured approach to their global wealth through their platform. By facilitating the aggregation of the family office's global wealth in one secured platform, professionals can work and collaborate more efficiently.

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WIZE Logo

WIZE by TeamWork

Category
Portfolio Management

This Swiss, all-in-one Wealth & Asset Management solution offers an integrated data aggregation, CRM, accounting, amongst other services and including 100+ custodian automatic feeds for multi-asset, consolidated reporting. WIZE by TeamWork focuses on providing an intuitive user experience, rich and performing functionalities, and a transparent pricing model.

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Company
Employees

  • 11-50
Revenue

  • $2 million
Founded

  • 2017
Ownership

  • Owned by management
  • Key staff also have ownership
  • Owned by a larger corporation
Incorporated

  • Belgium
Locations

  • Brussels
Top 5 Markets

  • France
  • Luxembourg
  • Belgium
  • Switzerland
  • Monaco
Total AUM

  • $100 billion+
Avg. AUM per client

-


  • 1000+

-


  • 2010

  • Owned by management
  • Key staff also have ownership

  • Switzerland

  • Geneva
  • Luxembourg
  • Montréal
  • Singapore
  • Zurich

  • Switzerland
  • Singapore
  • Luxembourg
  • United Kingdom
  • France

  • $120 billion

  • $600 million
Client
Focus

  • Multi-family offices
Serves also

  • Single family offices
  • Multi-family offices
  • Asset managers
  • Fiduciaries
Number

  • 900+ advisors
  • 26k+ families (end-users)

  • Financial advisors

  • Single-family offices
  • Multi-family offices
  • Fund managers
  • Banks

  • 8 banks
  • 100 family offices/advisors/fund managers
Product
Main tasks

  • Consolidated reporting
  • Data aggregation
  • Succession simulator
  • Data visualisation
  • Financial planning simulator
Top features

  • Family structure
  • Asset inventory
  • Donation inventory
  • Ownership framework
  • Interactive structure diagrams
  • Secured digital vault
  • Financial planning tool
  • Inheritance tax simulator
  • Smart reporting tool
  • Third party access
Assets supported

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

  • GDPR
Whitelabel

  • Yes

  • Data aggregation
  • Accounting
  • Consolidated reporting
  • CRM
  • Governance
  • Compliance
  • Portfolio management
  • Trading (order only)
  • Risk management

  • Consolidated reporting
  • CRM/KYC
  • Document management
  • Trading (FIX or PDF)
  • Compliance (AML, MiFID2, FinSA, FIDLEG)
  • Risk management
  • Performance management
  • Fees invoicing and controlling
  • E-banking & mobile app
  • Profitability
  • Multi-custodian data feeds

  • All financial assets
  • Private equity
  • Real estate
  • Rare collectibles
  • Loans
  • Mortgages
  • Insurances
  • Credit cards

  • MiFID II
  • FinSA/FinIA
  • UCITS

  • Yes
Technology
Type Of Software

  • SaaS
Security

  • ISO 27001 certified by Summer 2021.Protection
  • SSL protocol data encryption
  • Access  account is protected by a double SMS authentication system
  • Vulnerability tests
  • Third party security assessment reports
Ecosystem

-

Integrations

  • API
  • File integration framework
  • Banking aggregation
  • File upload
Mobile App

  • No

  • Serviced software
  • SAAS
  • Fully standalone

  • 2 factors authentication
  • SSL encrypted connection
  • Industry standard back-ups rolling plan (DRP & BCP tested plans)
  • Regularly audited by our different client’s auditors (i.e. EY, PwC, Deloitte)
  • ISO 27001 certified

  • Java
  • Linux

  • Refinitiv World-Check
  • ELO (workflows)
  • Investment Navigator (mutual funds selection)
  • Regnology (CRS, Fatca, Tax reporting)
  • FinQuartz (news)
  • Performance Watcher (peers comparison)
  • Credit Suisse (product risk classification)
  • Other software on request

  • Yes
Simple solutions for complex times.