7. Top Family Office Software Providers
Here are the providers by region that have made this year’s family office technology stack list:
Addepar: A wealth management platform that infuses transparency into complex financial information across functions and reporting, Addepar connects data, family office technology and people. The solution is designed to assist in achieving multi-generational family objectives by facilitating informed decisions through actionable insights and tailored reporting.
Asset Vantage: Based in Stamford, Connecticut and serving global single- and multi-family offices and CPA firms, Asset Vantage offers an intelligent family office technology platform that boasts integrated performance reporting and general ledger technology. It is designed to provide a consolidated view of the family office’s entire net worth. Its functionality affords families comprehensive overviews and insights into their sophisticated wealth data.
Backstop Solutions: A US-based technology provider, delivers the infrastructure and investment platform family office CIOs need to achieve operational excellence and meet long-term objectives. By providing a central repository for all organizational, process, and investment data, Backstop supplies complete transparency and visibility anywhere and anytime, and ensures the continuity of institutional knowledge. Robust capabilities streamline portfolio, research, deal, and liquidity management.
Bill.com (NYSE: BILL): With headquarters in San Jose, California, Bill.com is a leading provider of cloud-based software that simplifies, digitizes and automates complex back-office financial operations for small and mid-size businesses (SMBs). They also offer a tailored product focussed explicitly on wealth management firms supporting high-net-worth clients. The solution enables firms to shift from a cumbersome and time-intensive approach to an automated and secure bill payment process and enables smoother operations.
Black Diamond: New York-based Black Diamond® offers a cloud-based wealth platform solution designed to meet the complex business needs of wealth management professionals and their clients. Their offering encompasses accounting, consolidated reporting, compliance (e.g., AML, KYC, regulatory reporting), portfolio management, trading (execution on the platform), trading (orders only), and data aggregation. In addition, the platform connects to a vast ecosystem of smart integrations with performance reporting, portfolio rebalancing, and an immersive client portal. Proactive, personalized attention from a dedicated service team ensures advisors receive access to an elite combination of family office technology and service.
Clarity AI: Headquartered in New York, Clarity AI is a tech platform that leverages 65 data sources to provide social and environmental insights on over 30,000 companies in 200 countries. The cloud-based platform uses machine learning and artificial intelligence to provide both regulatory and client reporting. Their comprehensive tools help understand and optimize social and environmental impact, leveraging scientific research and the latest technologies. Recently Blackrock announced a minority investment into Clarity AI to bring their data into the Aladdin portfolio management platform.
Copia: Based in California, Copia offers a mobile-first financial intelligence platform designed to help wealth owners manage their own family offices. Copia was initially developed to cater to its founder’s need for complete control and complexity management of his affairs. The solution’s fresh take and modern design make it easy for wealth owners to self-manage their operations. It enables owners to track and document assets and investments to report on performance or cost and exercise better governance.
Eton Solutions: North Carolina-based Eton Solutions AtlasFive, a platform that was built by a family office for the family office market. It is currently the only fully integrated single source of truth platform in the UHNW market. Designed to solve the most common industry problems, inefficiency and lack of timely, accurate data, AtlasFive leverages technology and processes for efficient transaction processing, data collection and reporting. A fully integrated CRM, Document Management, Data Aggregation, General Ledger, Portfolio Reporting, Partnership and Trust Accounting, and payments engine, powered by risk-mitigating workflows and A.I., create a virtual family office generating daily reporting and insights not previously possible.
Fundcount: Boston-headquartered FundCount is a unified accounting and investment analysis solution that provides actionable intelligence to investment management professionals. Based on a general ledger, they started in the hedge fund space but today provide fund- and partnership accounting to a wide range of asset- and wealth professionals with offices in Europe, North America, Asia and Australia.
Masttro: Masttro connects the entire wealth management ecosystem, providing a single source of trusted information for family offices to rely on. With a real-time, customizable view of the complete balance sheet, Masttro gives family offices the information and unique insights they need to drive value and protect their total estate. The global platform provides financial data aggregation, advanced wealth reporting and analytics, estate mapping tools, contact and digital document management, integrated general ledger, secure communication portal, portfolio management, and the automation of family office operations – all protected by its advanced, military-grade security framework. Its intuitive interface makes the complex simple. Masttro serves clients across 24 countries with offices in Switzerland, the U.S., Mexico, and Chile.
Mirador: Operating out of Connecticut, Mirador’s financial and technology experts team is dedicated to leveraging decades of industry experience to enable clients’ success. Mirador’s expert team leverages best-in-class technology for family offices to aggregate and organize assets and reconcile the data, allowing families to quickly grasp their complete financial picture and focus on making smarter financial decisions.
Nasdaq Asset Owners Solutions: New York-based Nasdaq offers Asset Owner Solutions. Their offering unites the most comprehensive institutional data from eVestment, with true multi-asset class portfolio analytics and services from Solovis to deliver transparency, insights and decision support for achieving investment objectives.
Northern Trust Family Office Technology: Headquartered in Chicago, Northern Trust is a global financial institution that provides asset servicing, investment management and wealth management services for institutions, high-net-worth individuals and families. Their Global Family Office (GFO) technology strategy includes Tax and Accounting, Performance, Data Visualizations, Partnership Accounting, and Integrated General Ledger functions. Their offering can be used as a full-suite solution or on an a-la-carte basis. In addition, their Wealth Passport portal provides the single entry point to the full suite of solutions that includes financial reporting and money movement capabilities across all Northern Trust products, as well as a full suite of data aggregation services.
PCR: Connecticut’s PCR combines over two decades of experience with family office technology to help family offices achieve data independence by streamlining how their sensitive investment data is aggregated, managed, and used in reporting and other operations. Their secure global data-sharing platform is specifically designed to address the challenges of the family office. It offers automated solutions to the many complexities of family wealth management, including hard-to-aggregate illiquid investments, complex family ownership and simplifying how information is transferred to a families’ reporting and accounting systems.
Private Wealth Systems: Private Wealth Systems operates out of North Carolina and provides the digital infrastructure that powers modern family offices worldwide. The unique way the software captures, corrects, calculates and presents actionable information across every asset class (public, private, non-financial) and currency enables the solution to support even the most complex nested ownership structures.
Ruby: The New York-based Accordia Group’s RUBY platform levels the playing field by making big-firm technology affordable to family offices of all sizes. The solution solves the hugely expensive data integration problem experienced in investment management and tames the complexity inherent in reporting across asset classes, functions and geographies. It provides a customizable family office technology platform that enables business intelligence, risk management and diversification while saving clients time and money and allowing them to focus on strategy. Utilizing modern, cloud-native technology, RUBY ensures the faster servicing of business requests with reduced operational risk.
SEI – Archway Platform: With headquarters in Indiana, SEI’s Archway Platform℠ and outsourced services streamline the accounting, investment data aggregation and reporting operations of family offices and financial institutions. SEI’s platform is designed to help family offices and advisors to wealthy families better serve their ultra-high-net-worth clients. Their technology and high-touch outsourced services efficiently handle complex partnerships, portfolios, and corporate accounting alongside bill payment investment management and multi-asset class data aggregation.
Sopact: Californian Sopact is a technology-based social enterprise committed to helping organizations measure impact by directly involving their stakeholders. Their focus is on the social impact end of the spectrum within the sustainable investment space, which involves deep stakeholder listening. Sopact’s solution aims to demonstrate and track impact to the last beneficiary, making it easier for users to manage the risk of adverse or unintended consequences and report on positive impacts that support behavioral change.
SS&C Private Capital Group: Headquartered in Connecticut, SS&C Private Capital Group eliminates the cost, risk and time of integrating disparate systems. Their family office software delivers fully-integrated multi-currency portfolio management, financial and partnership accounting solutions to single and multi-family offices to serve their complex needs. Their integrated platform and dedicated, seasoned support staff help to simplify the complexity of the family office.
Way2B1: With head office in California, Way2b1’s mission is to enable high net worth individuals (HNW) and families to better manage their complex lives by providing a secure, private, and efficient operating environment that connects them with their ecosystem service providers and each other. Their systems help facilitate seamless decision-making, create institutional memory, and ensure information continuity across real-world domains. Dedicated resources are allocated to onboarding, and insights into building alignment among the family, the family office and the professionals involved in daily operations are shared throughout this process.
Altoo: Developed and hosted in Switzerland, Altoo prides itself on Swiss precision in intuitive wealth data aggregation and monitoring. Altoo’s offering encompasses consolidated reporting, governance, data aggregation, risk management, document management, task management, and secure communication solutions that provide simplicity and control to private wealth owners and family offices.
Assetgrip: Netherlands-based Assetgrip’s dedicated family office software provides an overview of all assets at a glance while also providing the insights required to make disciplined investment decisions. Built on a Microsoft stack and MS SQL server, the solution offers tight integrations into Excel. As a result, Assetgrip is ideally positioned for family offices that don’t require integrations with custodians and value having a solution on-site that provides more structure in managing and capturing data.
Assure Wealth: Danish reporting provider Assure Wealth provides clients with a simple and understandable overview of total wealth, risks and returns. This solution offers reporting across all asset classes, allowing for comprehensive securities management. Innovative tools like “Wealth Navigator” provide portfolio benchmarking and access to fund fact sheets. In addition, the solution features a high-touch service that makes it ideal for Nordic wealth owners who want to hand over their consolidated reporting needs entirely.
Centtrip: Founded in 2013 and regulated by the Financial Conduct Authority (FCA) as an electronic money institution, Centtrip has offices in London and Amsterdam. Centtrip’s solutions enable smoother back-office operations by streamlining bill-pay processes. This is achieved by providing multi-currency deposits, foreign exchange, payments and card services to organizations that manage multiple, internationally-mobile teams and assets. For family offices, assistance with yacht and charter management and private aviation may be of particular interest.
Coryx: German-based CORYX iO is an investment management platform tailored to the needs of single- and multi-family offices, asset and wealth managers, funds, foundations and banks. Covering all bankable and non-bankable assets for the family offices, CORYX provides comprehensive evaluation with a high level of individualization, risk monitoring, accurate accounting and corporate actions and a high degree of automation.
Elysys: Developed by the Monaco-based company that pioneered Microsoft’s next-generation ERP applications in the financial services sector, Elysys is designed to serve global, mid-market treasury and investment management professionals working under several regulatory and compliance frameworks. It is a secure, cost-effective, scalable and integrated enterprise software for financial services organizations.
Escali: Escali is a Norwegian provider of software solutions to family offices, asset managers, pension funds and insurance companies. Escali Financials is a cloud-based solution that includes Portfolio Management, Risk Management, Treasury Management and Consolidated Reporting. The solution is integrated with more than 50 ERP systems and data providers such as Bloomberg, Refinitiv, Nordic Trustee and Infront. Their system uses automation to import market data and trades, while A.I. technology enables the reading and importing of contract notes.
Etops: Swiss-based Etops offers outsourced services for all back-and mid-office tasks. The combination of electronic interfaces based on a unique machine-learning parser technology developed by Etops, which reads and processes bank statements and booking confirmations, ensures a high proportion of custodian bank coverage.
This creates an ideal environment for Etops flexible multi-bank setups producing both printed and digital reports covering all types of bankable and non-bankable assets. Etops also offers fully fletched PMS/CRM solutions coping with all business and regulatory requirements.
Hemonto: Denmark-based Hemonto delivers state-of-the-art consolidated financial reporting with trusted data that forms the basis for financial decisions. A permanent team of experts supports their professional reporting platform to ensure data accuracy. As a result, services can be tailored to customized reporting needs without compromising data integrity.
IQEQ – Cosmos: Operating out of Luxembourg, IQ-EQ Cosmos provides an end-to-end bespoke portfolio monitoring solution to institutional and private wealth investors focusing on alternative and luxury assets. The solution combines one of the best-in-class accounting systems for closed-end funds or private assets (FIS Investran) and open-ended funds or public securities (Paxus) with leading online visualization technology. Furthermore, in-house development services can integrate this versatile and flexible solution with I.T. systems, data feeds, and open source feeds to create an entirely bespoke online dashboard according to the family office’s needs and portfolios.
Lombard Odier Global Assets+: As an independent reporting advisor, Switzerland’s Lombard Odier delivers state-of-the-art consolidated financial reporting with trusted data that forms the foundation of their client’s financial decisions. Lombard Odier’s Global Assets+ solution caters to professional investors, private clients or family offices and is supported by their operational capabilities, investment expertise, flexibility and cutting-edge multi-currency banking technology.
Orca: Developed in Switzerland, Orca offers a modern governance software that provides a secure, intuitive way to store and share sensitive financial information and reporting that facilitates productive discussions on wealth structuring, tax, compliance, succession planning, family reporting and more.
PandaConnect: Founded over two decades ago within one of Scandinavia’s largest banks and now wholly independent, PandaConnect is a global full-scale investment administration solution servicing clients around the world. It covers all asset classes and bankable and non-bankable investments – helping family offices achieve the twin goals of wealth preservation and growth. In addition, the solution helps to solve client challenges with transparency and accuracy through complete data aggregation and consolidation across family members, banks, currencies, and managers.
PaxFamilia: Belgium’s PaxFamilia helps patrimonial advisors to serve their clients with a holistic and structured approach to their global wealth. Professionals can work and collaborate more efficiently due to the aggregation of the family office’s global wealth in one secured platform. Family office clients can then connect to the platform and access a clear overview of their wealth.
QPLIX GmbH: Based in Germany, QPLIX offers an all-in-one next-generation SaaS solution for family and investment offices, banks, wealth and asset managers. Their wealth management software provides solutions across various accounting, consolidated reporting, governance, compliance, risk and portfolio management, trading (orders only), data aggregation and Impact/ESG reporting. The solution is engineered to handle the full range of asset classes and complex legal entity structures. Furthermore, it optimally supports all internal and external roles involved in asset management to deliver precise results in a challenging and ever-changing environment.
Quantilia: A French fintech and portfolio monitoring platform dedicated to family offices, Quantilia offers a turnkey solution for asset consolidation, data collection, cross-asset portfolio analysis and document generation. While they have a strong focus on SFOs, they also cover Private Banks, Institutional Investors, Asset Managers and Investment Consultants. Besides their portfolio monitoring platform, data services, legal and ESG reporting, and quantitative analysis make their services list.
Sharpfin: Swedish provider, Sharpfin, consolidates both allocation and performance for clients with holdings distributed across various custodians. Services also include the management and reporting of unlisted securities to provide detailed reports supporting risk control. The Sharpfin Portfolio Management System reduces manual labor to a minimum and works for family offices, fund administrators, fund distributors and transfer agents.
Swimbird: With their head office in Sweden, Swimbird’s Platform, SWIP, is a modern portfolio management solution that offers clients a centralized, holistic view of their total portfolio. The platform provides real-time aggregation and visualization of portfolio data (assets and liabilities), irrespective of format and data source. It also handles all geographies and instrument types; financial instruments (listed and OTC), private equity and alternative investments. The solution is built on best-of-breed family office technology, can be tailored for individual businesses and continuously evolves to keep up with future demands.
Tindeco: Tindeco’s VISION provides the ultimate platform to manage any investment portfolio efficiently. The Swiss company offers portfolio and risk management, compliance, data aggregation, CRM, consolidated reporting and trading (orders only) solutions. In addition, it provides flexible, interactive performance and risk analytics that help family offices to develop essential insights. VISION can be implemented on-site or in the Cloud and automate systematic workflows.
WealthArc: Using automation and smart data consolidation technology, Swiss Wealth Arc developed a way to increase efficiency for wealth management professionals by drastically reducing the time needed to complete data consolidation, reporting, compliance and other administrative tasks. Their easy-to-use and affordable wealth management platform does not require installation or a long, costly set-up. WealthArc uses a robust API engine to fully automate, consolidate and unify data from various custodian banks. It is accessible anywhere anytime and from any device with Internet access, allowing wealth managers to focus on growing their business.
WIZE by TeamWork: This Swiss, all-in-one Wealth & Asset Management solution offers an integrated data aggregation, CRM, accounting, amongst other services and including 180+ 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.
Canopy: Singapore-based Canopy is a private and anonymous wealth account aggregation, portfolio analytics and client reporting platform for high net-worth individuals and their wealth managers. Offering a turnkey service and full customization, family offices submit their data, and Canopy does the rest. The service covers all asset classes in all markets and any currency with reporting in the format of the family office’s choice.
Hatcher+: A Singapore-based venture-as-a-service company, Hatcher+ leverages deep learning, process automation, and global partnerships to enable scalable portfolios and index-style investor returns. Its focus on high-volume venture investments required a technology platform to enable their success, so VAAST was created. This multi-award-winning, next-generation, venture-as-a-service technology solution provides predictive analytics, impact scoring, and business process automation. In addition, family offices can use the platform to create multi-level deal origination partnerships and access thousands of deals.
Valuefy: India’s Valuefy offers a digital platform that features accounting, consolidated reporting, CRM, compliance, portfolio and risk management, trading (execution on the platform) and data aggregation solutions. The solution’s secure, robust full suite enables families to execute performance analytics, create and benchmark complex model portfolios, compare advisors, and manage rule-based investment mandates and restrictions. Secure communication with other users and advisors and the ability to design and manage flexible account structures with the flexibility to slice and dice family investments are also possible.
These providers offer the world’s best, specifically tailored services for family offices considering new solutions or additions to existing technology stacks either now or in the future.