Through purpose-built tools, family office accountants can systematically close, update and revert the books across all entities or a subset of entities. Create customised portfolios with dynamically updated daily time weighted returns, IRR and other metrics. When selecting providers, make sure to conduct proper due diligence and assess their capabilities through an RFI (Request for Information) process against a list of requirements. Our platform is built entirely on robust Microsoft infrastructure, boasting a SOC 2 certification, and undergoing rigorous annual penetration tests.
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The platform supports integration with various tools, such as CRM and financial planning software, and is highly secure, utilising SOC 2 Type 2 certification. Sharpfin is a Swedish wealth management platform offering portfolio management, regulatory compliance, and client reporting tools. The platform provides integrated solutions for tracking and managing diverse assets, supporting family offices in simplifying complex financial operations. Swimbird is a portfolio management platform that provides real-time data aggregation and reporting for family offices and wealth managers. It supports a wide range of asset classes, including private equity and alternative investments, offering detailed insights into portfolio performance. Fincite offers a digital wealth management platform that consolidates data across various asset classes, providing family offices with tools for investment analysis, portfolio management, and reporting.
- The Archway Platform unifies comprehensive accounting and investment detail within a single platform.
- Qplix is a SaaS platform that caters to family offices, providing tools for managing complex asset structures and offering consolidated portfolio data across multiple asset classes.
- The emergence of new wealth and an increasingly complex business environment have driven the recent growth of single family offices.
- It streamlines financial management with features like partnership accounting and comprehensive reporting.
How to select the best family office accounting software
While finding ways to incorporate AI may be a shared objective, there were three areas that came up most frequently with regards to demands from family office clients. High performance, user-friendly, integrated portal available for family members or advisors. No more endless hours of preparing the accounting basis for your family office, no more sleepless nights worrying about potential errors, and no more exorbitant fees from your auditor for preparing the material.
Import any type of data via our API.
If sophisticated attribution-level performance reporting analysis is also required it is likely a specialist system would be needed in addition. Aleta family office software offers unparalleled security and peace of mind, knowing your wealth is protected by the best in the industry. We’ve designed a multifaceted data security program that ensures the confidentiality and integrity of data managed on our platform. Now that you have a clear service provider in mind, you must get buy-in from the rest of the office staff and family members. Most staff would rather be doing more meaningful work that’s more valuable to the family than processing data manually.
Asora integrates with 10,000+ financial institutions
The platform integrates performance analytics and reporting to support strategic wealth management. Altoo is a Swiss wealth management platform offering consolidated wealth data aggregation, performance reporting, and risk management. It simplifies wealth management for family offices by providing easy-to-use tools for tracking both liquid and illiquid assets and integrating legal and compliance reporting. Canopy offers a customisable wealth management platform designed for family offices, aggregating data from multiple sources, and providing real-time reporting and performance analytics across asset classes and currencies. Alwy provides an all-in-one wealth management platform tailored to family offices, offering features such as asset aggregation, automated reporting, and regulatory compliance management. The platform simplifies financial operations and client onboarding, enabling wealth managers to focus on strategic decision-making and governance.
Wize offers a digital platform for managing wealth portfolios, focusing on enhancing operational efficiency for family offices. The platform integrates compliance tools, risk analysis, and portfolio management features, providing family offices with a streamlined solution for managing complex financial operations. FA Solutions, headquartered in Finland, provides a cloud-based platform for wealth management, asset tracking, and compliance management.
All data/processes, including those brought in from offline Excel, fully audited then time-stamped. Unlimited subledger vs general ledger flexibility for complex financial calculations related to family member’s tailored needs. The Aleta wealth platform allows you to stay updated at all times, through a slick, ultra-secure mobile app. With the Aleta wealth platform, you get a crystal-clear view of your wealth universe so you can gain unparalleled control over your investments. Create greater transparency by centralizing the family office’s financial information in a single place. The Archway Platform features intuitive budgeting and cash flow forecasting tools to create multiple budgets and cash flow estimates at the entity, account, sub-account or individual level.
Our solution to the challenges family offices face is our fully integrated secure cloud native AI-driven platform, AtlasFive®. Leverage a suite of AI-powered tools securely within their private instance, family offices can enhance efficiency and prepare for the future. These advancements offer automated data processing, generative AI and intelligent insights, reducing manual workload and allowing staff to focus on the office’s priority – achieving the goals of the family it serves. EasyView provides a comprehensive digital wealth management platform, specifically designed for family offices.
