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
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.
Read moreCanopy
Category
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.
Read moreCompany
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
- Yes
- 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
- Yes
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
- Yes
- 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.
- Yes