The Best Wealth Management Software-2025

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| By
Masttro Team

The most powerful wealth management software solutions do far more than provide basic reporting and analytics insights. But the number of options available means choosing the right platform has become complicated. Learn more about the best wealth management solutions and how to select which is best for you.

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The Best Wealth Management Software-2025

Wealth management software and how to choose a solution

Wealth management has evolved into a modern industry where cutting-edge technology solutions provide wealth owners and advisors with real-time access and control of their investment data, wherever they are. 

And in the midst of The Great Wealth Transfer, with increasing demands from the next generation of ultra-high-net-worth individuals (UHNWIs) that aim to be more active in managing their wealth, the reliance on technology is only set to increase. 

The number of wealth management software platforms has grown rapidly in recent years, with comprehensive platforms that can now integrate with custodians worldwide and utilize emerging artificial intelligence (AI) technology to automate tasks that previously took significant office resources.

But with many options to choose from, it’s never been easier for wealth owners, family offices and advisors to waste valuable time and money selecting and implementing solutions, only to find they aren’t a suitable fit for their needs. 

Here we break down the best wealth management software solutions to help you understand their differences and decide which to consider.

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Read our full Guide to the $128m Wealth Management Industry

Here are seven of the best wealth management software platforms on the market:

1. Masttro

2. Addepar

3. SS&C Black Diamond

4. Altoo

5. Landytech

6. Canoe

7. Arch

1. Masttro

Masttro was founded in 2010 as a pioneering solution to challenges that the founders faced first-hand while running a complex multigenerational family office. 

From the beginning, their objective was a global family office software solution that integrated with the best wealth management companies and put the needs of the wealth owner first. 

For family offices, wealth managers and advisors, as well as professional service firms, the platform provides both a comprehensive wealth management software and financial advisor software solution.

The platform can seamlessly aggregate and ingest all assets, from liquid investments to complex alternatives including real estate, private equity holdings, passion assets and more, delivering the complete picture of every corner of wealth.

User experience is paramount throughout, from easy portfolio consolidation setup, intuitive dashboards, automation and custom user preferences through to seamless integration into current tech stack.

Summary: 

  • Founded from family office origins, built from wealth owner perspective
  • Comprehensive data aggregation, portfolio management, reporting and automation solution
  • AI-driven document collection and data extraction (doesn’t need additional integrations)
  • Truly global: headquarters in New York but operates across 27 countries
  • Multi-currency solution, integrates with 550+ custodians worldwide
  • Military grade data security (Masttro has no access to client data)
  • UX-centered design allows easy navigation and easy onboarding 
  • Offers a mobile app (iOS & Android)
  • Not AUM-based pricing

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2. Addepar

Addepar is a large and well established wealth management software and data platform that is suited to customers in the family office space as well as registered investment advisors (RIAs). 

Based in the United States, the company’s platform is complex and offers a suite of powerful features across data aggregation, portfolio management and consolidated reporting, with  scenario modeling and forecasting capability. 

Like others, it can integrate with other third-party platforms on features where clients want additional capabilities. 

In their words: “Addepar empowers investment professionals across the globe with data, insights and cutting-edge technology.”

Summary:

  • Data aggregation, portfolio management, reporting and analytics platform
  • Allows software developers to interact directly with the platform (flexible API)
  • Overall quite RIA-oriented 
  • Powerful platform but can be tricky to navigate, not the friendliest UX/UI
  • AUM-based pricing model
  • Offers a mobile app (iOS only)

3. SS&C Black Diamond

Black Diamond Wealth Platform is a portfolio management and reporting, data aggregation and accounting platform that is owned by SS&C, a cloud-based provider of financial services and healthcare technology solutions.

The platform is quite oriented towards RIAs and helped modernize the advisor-client connection within the digital space, and is well aligned with large US financial institutions. 

It offers a powerful list of features and smart integrations to third party platforms where needed, from accounting to financial planning and analytics. 

In their words:

“The Black Diamond Wealth Platform frees you to devote the time you need to guide your clients through their complete wealth journey.”

Summary: 

  • Data aggregation, portfolio management and consolidated reporting platform
  • Overall quite RIA-oriented, with strong white-label capabilities 
  • Offers multiple integrations with platforms 
  • US-only: no foreign currency custodian integrations
  • AUM-based pricing 
  • Offers a mobile app

4. Altoo

Altoo is a Swiss wealth management software platform built to aggregate wealth data from multiple sources and deliver a comprehensive analysis, performance and reporting solution. 

It is positioned as a secure digital home for wealth owners, providing a tool to consolidate data from various custodians and allowing capability to analyze all financial data from one platform. 

The platform also provides tools for wealth information and document management with wealth transition in mind.

In their words: 

“The Altoo Wealth Platform empowers wealthy individuals and their families to consolidate and interact intuitively with their total wealth.”

Summary:

  • Consolidated reporting, governance, data aggregation and management solution
  • Based in Switzerland
  • Focused on wealth owners and SFOs
  • Pricing not based on AUM 
  • Offers a mobile app

5. Landytech

Landytech is a United Kingdom-based company founded in 2019 that offers a consolidated data and automated reporting platform aimed at asset owners, managers and advisors and positioned to provide the capability to make faster, data-backed decisions.

The solution is built around their investment data and analytics reporting platform named Sesame, which also enables automated bookkeeping capabilities.

The company raised their Series B round of financing and launched a Sesame 3.0 version in 2023.

In their words: “Next-generation investment management platform for asset owners, managers and advisors.” 

Summary:

  • Consolidated investment data and analytics reporting platform
  • Integrates with 400+ direct custodians
  • Headquartered in United Kingdom
  • Overall quite focused on Single Family Offices (SFOs)
  • Pricing based on number of variables (custodians, entities, assets, etc)
  • Offers a mobile app

6. Canoe

Canoe offers a cloud-based platform to manage alternative investment documents and data. Their offering is aimed at institutions, asset servicers, capital allocators and wealth managers.

Rather than a comprehensive wealth management platform, Canoe is a complementary solution that streamlines the alternative investment processes through advanced document collection and data extraction technology.

Thus they integrate with a number of popular wealth management platforms to assist with data capture and reporting, automating capturing and workflows.

In their words: “Canoe empowers clients with technology, data, and insights to manage alternative assets more efficiently, accurately, and confidently.” 

Summary: 

  • Automation, document management and data extraction solution
  • Complimentary tool that integrates with wealth management platforms 
  • Utilizes AI-based data extraction technology
  • Allows automated data verification based on predefined rules
  • No mobile application

7. Arch 

Positioned as the digital admin for private investments, Arch connects with custodians and private entities to receive all investment documents to their secure platform and automate the data extraction process.

Their solution is focused on bringing automation to repetitive alternative investment management tasks: collecting K-1s, managing cash flows and providing reporting-ready data.

As a complementary solution it integrates with numerous comprehensive wealth management software platforms to enhance their data aggregation and reporting capabilities. 

In their words: “Manage new investments, updates, taxes, capital calls, distributions & financial statements all in one place.”

Summary: 

  • Digital investment admin platform for private market investments
  • Complimentary tool that integrates with wealth management platforms 
  • Focused on advisors, accountants and individuals
  • No mobile application

How to choose wealth management software 

If you’re searching for a wealth management software solution it makes sense to first consider your needs, and in particular, their order of priority. 

With such a variety of platforms available, each has their own selling point over the other: some provide a practical financial advisor software or investment management software solution while others may offer a more comprehensive family office software solution. 

Whether you’re a family office, wealth manager, advisor or professional services firm, it’s worth taking the time to fully understand some key considerations before you go too far in the selection process.

Ten key considerations:

  1. Core functionalities - does the platform solve your prioritized wealth management needs? 
  2. Implementation time - will implementing the solution require additional resources and potentially disrupt your business operations?
  3. Reporting needs - how in-depth and detailed do you need your consolidated reports to be, and do you want pre-built reports to come with your software solution?
  4. Integrations - how many currencies do you work with, and how many different custodians will the platform need to integrate with?
  5. Interface design - is the platform easy to navigate and complete tasks in?
  6. Cost structure - do you want to pay based on total assets under management or not?
  7. Data security - do you want total security, or are you happy with your platform to have access to your information?
  8. Full view of wealth - do you want a singular comprehensive solution that provides a full view of wealth, or do you want to bundle several platforms together?
  9. Mobile application - do you want access to your data, anytime and anywhere?
  10. Support - does the potential platform offer reliable support in your area of operation?

Why choose Masttro 

Wealth is complex. That’s why Masttro translates all aspects of wealth into WealthData, which can be easily viewed, manipulated and managed inside our platform. 

Choose Masttro and you will join leading businesses that have done the same to put their wealth in full view: 

"I don't think there's anything out there that can equal Masttro, and you should absolutely be looking at this platform." - Jeremy Boynton, Founder, Laureate Wealth

"With Masttro, we're able to access client info quickly and efficiently to answer client questions thoughtfully, with accurate data." - Danielle Roseman, Co-Head, Lazard Family Office Services

Masttro is a family office engine that can consolidate all types of information related to the family.” - Alejandro Bazua, Founder, Single Family Office

With Masttro we have the tools to manage assets that are nontraditional, and that’s translated into an opportunity to provide a much broader service than investment management.” - Henry Urquiri, Director, Futura Asset Advisors 

“Masttro is about the wealth owner perspective. That’s exactly what our business is about.” - Saul Dyne, Operations Manager Stonebridge Family Office

Book a Masttro demo 

Read more insights from Masttro  

A Guide to The $128 Trillion Wealth Management Industry 

How Technology Helps Family Offices Invest in Alternatives 

Secure Visibility for Modern Family Offices - Leading the evolution of the family office through technology and security 

The Philosophy of Rigid Flexibility: Work smarter, not harder, when it comes to reporting to save time and produce better results 

Building a Successful Family Office Tech Stack: How to select the right technology partner. 

How to Start a Family Office 

How Technology Shifts the Picture for Ultra-High Net Worth Clients

About Masttro 

As the industry’s original disruptor founded in 2010, Masttro is redefining wealth data accuracy, reporting, operational efficiency, information security, and end client experience. 

Masttro’s wealth management platform is built for the future and structured to meet the demands of wealth owners, managers and advisors and professional services firms.

Get the industry’s most powerful technology platform: speak with us today to start the conversation around Masttro and your business, or explore our full product capabilities.

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