Private Wealth Systems vs Canopy

You are looking for alternatives to Private Wealth Systems. Here you can compare the best Investment Management Software and other family office technologies based on our annual benchmark and comparison surveys.

Private Wealth Systems

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.

Canopy

Consolidated Reporting

New York based Canopy is a turnkey and fully customizable software solution, offering private & anonymous wealth account aggregation, portfolio analytics and client reporting. Covering all kinds of asset classes, markets and currencies, Canopy allows family offices to submit their data, with the platform doing the rest.

Employees

11-50

Revenue

–

Founded

2014

Ownership

Owned by management
Clients are also owners

Incorporated

United States of America

Locations

Charlotte
New York
Salt Lake City

Top markets

Switzerland
United States of America
United Kingdom
Saudi Arabia
Australia

Total AUM

$200 billion

Avg. AUM per client

$223 million

50-100

$2.5 million +

2014

External investors (neither clients nor staff)
Clients are also owners
Key staff also have ownership
Owned by management

Singapore

United States of America
Singapore
Switzerland

United States of America
Singapore
Hong Kong
Switzerland
United Arab Emirates
United Kingdom

$174 billion+

$30 million+ (per HNWI)

Client

Focus

Single-family offices

Serves also

Multi-family offices
Banks
Individual wealth owners
Fund managers

Number

650+ UHNWIs and family offices

Single-family offices

Individual wealth owners
Multi-family offices
Financial advisors
Banks
Fund managers

+2,400 UBOs (of which +20 billionaires) and approx. +350 wealth managers (i.e. SFOs, MFOs, RIAs, EAMs, WMs, PBs, trustees & etc.)

Product

Main tasks

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

Top features

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.

Assets supported

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

Compliance

GDPR

Whitelabel

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

Asset/account consolidation
Investment/portfolio data aggregation
Multi-bank, multi-asset class, multi-currency reporting
Data Visualization
Data Analytics / Insights
BPO
Fully customized reporting on bankable and non-bankable assets, Real Estate, Art and more
Insight messages via email / whatsapp to stimulate client action
General ledger
Data sovereignty where each
client gets their own database for 24/7 write/access

Bankable assets
Private equity
Real estate
Rare collectibles

MiFID II
GDPR
FinSA/FinIA

Technology

Type Of Software

SaaS
Serviced software

Security

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

Ecosystem

Microsoft

Integrations

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

Mobile App

Serviced software
SaaS
Fully standalone

Anonymity of personally identifiable information
International security standards
Data and database encryption
Ethical hackers
Firewall systems
2fa authentication
Four-eyes updates and improvements
Restricted access
Staff training
ISO 27001 certified

Plugs into any system via APIs
Xero
Sage
Quickbooks
PowerBI
Converts non-standardized data into the desired data format i.e. ViewPoint, Abacus, NavOne account software etc.

In the media

Simple solutions for complex times.

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Private Wealth Systems vs Canopy

You are looking for alternatives to Private Wealth Systems. Here you can compare the best Investment Management Software and other family office technologies based on our annual benchmark and comparison surveys.