WealthSpectrum vs Canopy

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

WealthSpectrum

Accounting

WealthSpectrum acts as all-in-one platform designed to streamline and automate complex investment management needs of UHNW families. With advanced features for investment management, reporting, and analytics, we help wealth owners preserve and grow wealth with continuous monitoring and tracking.

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

50-100

Revenue

Founded

1990

Incorporated

Locations

India

Top 5 Markets

India,
Singapore,
United Arab Emirates,
Mauritius,
Ireland

Total AUM

300B+

Avg. AUM per client

Ownership

Owned by management

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

Singapore

Singapore
Hong Kong
United Arab Emirates

$174 billion+

$30 million+ (per HNWI)

Client

Focus

Investment & Financial Advisors (RIAs/IFAs)

Secondary focus

Multi-family offices,
Investment & Financial Advisors (RIAs/IFAs),
Fund managers,
Custodians,
Banks,
Brokerages

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

Advisors,
Asset Managers,
Consolidated Reporting,
Investment Platform,
Portfolio & Cost Analysis

Top features

Full Multi-Currency Support,
Mobile App,
Ability to Whitelabel,
Custom Reports

Assets supported

Alternatives,
Cash & Equivalents,
Commodities,
Developed Markets,
Equities,
Developing Markets,
Direct Private Equity,
Fixed Income,
Hedge Funds,
Private Debt,
Private Equity,
Private Equity Funds,
Venture Capital

Compliance

Whitelabel

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

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 (Equities, Fixed income, Funds, and Derivatives)
Private equity
Real estate
Rare collectibles

MiFID II
GDPR
FinSA/FinIA

Technology

Type Of Software

SAAS

Ecosystem

Integrations

Office 365 SSO,
CRM,
Sales Force

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.

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