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Family Office Management Software: Why SFOs Don’t Need a Separate CRM
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Most wealth management platforms stop at reporting. But single family offices today need more than performance dashboards. They need structure, clarity, and operational tools that match the complexity of their mandates – without relying on disconnected systems.
Masttro delivers exactly that.
Built with purpose by a multi-generational family office, Masttro is more than data aggregation and reporting software. It’s a complete family office management platform that replaces the need for separate systems like Salesforce, Wealthbox or Asana.
“Before Masttro, we were using a patchwork of Excel, email, and shared drives. Now, everything is connected — reporting, documents, tasks, and contacts — all in one place.”
Key Takeaways
Ditch the standalone CRM – Masttro’s native CRM handles complex family structures and permissions without needing Salesforce or Wealthbox.
Consolidate task workflows – Built-in task management ties directly to assets, documents, and users—no Asana or Monday.com required.
Centralize secure document storage – Every asset and entity gets a vault with granular permissions, auto-expiration alerts, and military-grade encryption.
Use one platform for full visibility – From ownership structures to communication logs, Masttro unifies wealth management into a single ecosystem built for SFOs.
One Platform for Total Wealth Management
Rather than stitching together CRMs, task trackers, and reporting tools, Masttro gives you one secure ecosystem to manage 100% of your client’s wealth operations – financial and non-financial.
Here’s how:
CRM, but Built for Family Offices
Most family offices don’t need a dedicated CRM like Salesforce. They need a CRM that understands complex ownership, trust and estate structures, and intergenerational governance.
Masttro’s native CRM tools let you:
- Track contacts across families, entities, accounts, trusts, and external partners
- Assign user roles and visibility levels based on entity, asset type, or individual
- Log communications and connect them directly to asset records or documents
- View all relationship metadata in one place – without toggling between systems
For many family offices, this level of functionality satisfies every CRM requirement. You don’t need the overhead of a separate system with tools designed for retail advisors or enterprise sales teams. Masttro’s CRM is purpose-built, already embedded into your platform, and tightly connected to your reporting, vaults, and wealth structure.
“We’re not trying to be Salesforce – and for our clients, we don’t have to be. Everything they need is already on the platform. Relationships, documents, permissions – it’s already tied together.”
Mitch Nichols, Head of Solutions Engineering, Masttro
Task Management, Without the Overhead
No need to subscribe to Monday.com or click around a bloated Asana dashboard. Masttro includes built-in task tools that work across your wealth structure.
- Assign tasks to internal or external users (e.g. capital call review, K-1 filing, account updates)
- Link tasks to assets, documents, or reports
- Automate follow-ups and trigger notifications inside the platform
- Use bulk upload tools to accelerate manual workflows (especially for alts)
These are operational tasks with context – not just to-do lists.
“Our SFO clients don’t want 10 tools. They want one. With Masttro, tasks are tied to the vaults, the assets, the users. You don’t need another software license to manage that.”
Mitch Nichols, Head of Solutions Engineering, Masttro
Secure Document Management That Actually Works
PDFs don’t belong in email chains. That’s why Masttro provides a comprehensive document management system as part of its offering.
It gives every asset, trust, and person in your structure a secure digital vault.
- Upload, store, and categorize legal docs, valuations, compliance files, and more
- Automatically organize them by entity, ownership, or asset class
- Get alerts before expiration or renewal dates
- Control access at a granular level using role-based permissions
- Keep everything encrypted with military-grade security and client-owned keys
This isn’t just about convenience. It’s about audit readiness, compliance, and peace of mind.
Whitepaper
Secure Visibility for Modern Family Offices
Leading the evolution of the family office through technology and security
Comparing Traditional CRMs to Masttro: What Single Family Offices Actually Need
Where a Traditional CRM Still Has a Role
If you're a multi-family office or registered investment advisor, Masttro complements rather than replaces your CRM.
- You may be managing inbound leads
- You need visibility into marketing attribution and sales funnels
- You require outreach tracking and pipeline forecasting across prospects
Masttro doesn’t aim to replace marketing tools as it wasn’t designed for top-of-funnel CRM activities. Platforms like Salesforce, HubSpot, or Wealthbox may still play a critical role in your go-to-market strategy and advisor sales workflows.
But If You’re a Single Family Office…
That’s a different story.
If your sole mission is to manage the wealth of one ultra-high-net-worth family, you likely don’t need the complexity or cost of a retail CRM platform.
Masttro gives you everything you need to:
- Maintain clean, secure records on all stakeholders and partners
- Track and assign tasks with full context
- Manage documents, permissions, alerts, and communications
- Visualize and govern the entire estate from one secure hub
In this case, Masttro isn’t just a replacement for a separate CRM – it’s the solution to the CRM problem.
Why You Don’t Need Another System
Many family offices invest in Salesforce, HubSpot, or Redtail but only use a fraction of the features. Masttro avoids the complexity and gives you everything you need:
- No duplicate data entry
- No extra integration work
- No disconnected user experiences
- No layered costs for tools that don’t fit a family office use case
What you get is a single, unified system designed for real family office complexity:
- Visual ownership and estate structures
- AI-powered ingestion and reconciliation for alternatives
- Secure communication portal for reports and collaboration
- Full access on web, iPhone, Android, and iPad
Bottom Line:
Most family offices don’t need a separate CRM when a wealth management platform like Masttro does it all.
For SFOs, Masttro replaces the sprawl. For RIAs and MFOs, it enhances the client experience and strengthens back-office execution while your CRM continues to manage prospecting and pipeline.
Ready to manage everything that matters without the tech bloat?
Let’s talk about how Masttro can streamline your wealth management workflows, securely and intelligently.
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