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Top Addepar Alternatives for Family Office Software
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Family offices today face a growing need for more than just investment management software. They need complete visibility across complex portfolios that include both traditional and alternative investments. While Addepar has become a known name in this space, it’s not always the most suitable option. Whether due to their AUM-based pricing model, integration limitations, or just a need for a more intuitive user experience, wealth management firms and advisors can explore Addepar alternatives.
In this guide, we break down several leading solutions and why many single-family offices (SFOs), multi-family offices (MFOs), and financial advisors might consider them more suitable than Addepar.
Managing wealth should be seamless and future-proof. This guide helps you understand how Masttro outperforms Addepar in ease-of-use, privacy, and automation, with pricing that delivers true partnership for long-term value.
Key Takeaways
Choose platforms purpose-built for your needs – generalist tools struggle with alternative assets, entity structures, and privacy needs.
Avoid AUM-based pricing for better scalability – fixed-cost platforms like Masttro support growth without penalizing asset expansion.
Prioritize AI-powered document automation – manual uploads slow down operations. Look for tools that extract data from capital calls and statements automatically.
Ensure deep support for alternative investments – real estate, private equity, and passion assets require granular tracking and cash flow forecasting.
Why Look Beyond Addepar?
Wealth managers are asking for more control, customization, and integration, not just another platform that aggregates portfolios. While Addepar offers robust data aggregation and portfolio management, family offices might require tools tailored to alternative assets, real-time reporting, and family governance – all in a single interface. Addepar’s AUM-based pricing model can also be a limiting factor for firms with fast-growing or diversified assets. Considerations also include steep learning curves or the reliance on external tools for document collection and processing capital account statements, capital calls, or distribution notices.
Masttro: Purpose-Built for Family Offices
Masttro was founded by family office professionals who understood the need for smarter investment decisions supported by a single source of truth. Unlike generalist platforms or rigid legacy tools, Masttro offers:
- Full asset visibility across liquid investments, private fund investments, hedge funds, real estate, passion assets, and more.
- AI-powered document automation for capital call notices, alternative investment documents, and fund cash flow forecasts.
- Built-in tools for risk management, cash flow planning, and consolidated reporting – no third-party plugins needed.
- Secure infrastructure with military-grade encryption and no access to client data.
- A fixed pricing model, not tied to assets under management, empowering long-term scalability.
- Leading user experience through the most intuitive user interface.
With over 600 direct custodial data connections and support for multi-currency, complex ownership structures, and capital-raising lifecycle management, Masttro is an enterprise wealth management platform trusted by hundreds of companies across 31+ countries.
Who Uses Masttro?
Masttro supports a wide range of client firms, from private banks and breakaway advisors to institutional asset managers, as well as both single and multi-family offices. Its customizable dashboards and intuitive client portal make it ideal for advisor teams managing complex portfolios across the United States and beyond.
Family offices that need deeper insights into alternative positions, bespoke reporting, and historical cash flows - without wanting an overly complex software solution built for engineers - rely on Masttro to deliver accurate reporting and actionable insights that drive informed decisions.
Other Addepar Alternatives Worth Noting
Masttro is a market leading wealth management platform but there are other options in the market, each with certain strengths depending on your priorities:
- Asora – Offers real-time reporting and secure data storage, but lacks in AI-powered document analysis or deeper alternative asset benchmarks.
- FundCount – Strong in accounting and partnership reporting but more suited to hedge funds or fund administrators than SFOs.
- Canopy – Known for its data aggregation capabilities but dependent on document uploads and third-party systems.
- Landytech – Provides a data-driven platform with strong performance analytics, but its platform aggregates portfolios primarily for asset managers and may require human verification on input.
While each of these platforms caters to specific segments within the asset management industry and wealth management sector, few provide the holistic asset aggregation, alternative investments management, and compliance controls that Masttro offers out of the box.
Whitepaper
Alternatives Reporting: From Below the Line to All of the Above
Alternatives are going mainstream. What are their reporting needs?
Making the Right Choice
Choosing an Addepar alternative isn’t about finding a cheaper solution - it’s about aligning your platform with the real-world needs of family offices:
- Can it support complex portfolios and alternative investment strategies?
- Does it offer contact management and client service tools like a brandable investor portal?
- How well does it handle private fund benchmarks and alternative asset documents?
- Can it streamline communication portals and document storage for estate planning and beneficiary management?
- Does it provide an intuitive user experience that encourages team adoption?
Whether you manage 0–9 employees or operate an institutional operation across multiple jurisdictions, the right platform should support scalability, compliance officers, and advanced data aggregation for smarter workflows.
Final Thoughts
In an industry where every decision affects legacy and long-term outcomes, the choice of family office technology matters. If you're comparing Addepar vs. Eton Solutions, Addepar vs. Black Diamond, or exploring tools like Orion Advisor Technology, it’s important to evaluate not only capabilities but also control, transparency, and ownership of your data.
Masttro leads the way as an institutionally-proven, alternative investment–ready, AI-enhanced family office platform built to deliver guidance, whether you're managing client assets, preparing for succession, or scaling across new geographies.
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