PaxFamilia vs Wize By Teamwork Comparison

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Pax Familia

PaxFamilia

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

$1M

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

Total AUM

$80B

Avg. AUM per client

$5M


11-50


-


2010


  • Owned by management
  • Key staff also have ownership


Switzerland


  • Geneva
  • Luxembourg
  • Montréal
  • Singapore
  • Zurich


  • Switzerland
  • Singapore
  • Luxembourg
  • United Kingdom
  • Hong Kong


$40B


$600M

Client
Focus

Multi-Family Offices

Serves also

  • Single-Family Offices
  • Financial advisors
  • Banks
  • Insurance Brokers
  • Financial Planners
  • Fiduciaries
  • Estate Planners
  • Asset Managers

Number

32


Financial advisors


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


  • 6 banks
  • 66 Family offices/Advisors/Fund managers

Product
Main tasks

  • Consolidated Reporting
  • Data Aggregation
  • Succession Simulator
  • Custom Reporting
  • Financial planning tool
  • Digital Vault

Top features

  • Family Structure
  • Asset Inventory
  • Donation Inventory
  • Ownership Framework
  • Digital Vault
  • Financial Planning Tool
  • Succession Simulator
  • 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

Web

Integrations

None

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


  • Sage BOB 50 (accounting)
  • ELO (workflows)
  • Investment Navigator (mutual funds selection)
  • Bearing Point (CRS, Fatca, Tax reporting)
  • FinQuartz (news)
  • Performance Watcher (peers comparison)
  • Other software on request


Yes

Simple solutions for complex times.