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The Best Wealth Management Software in 2025
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The most powerful wealth management software solutions do far more than provide basic reporting and analytics insights. While custom development was once necessary, the surge of cloud-based options today has made selecting the right digital platform increasingly complex. Learn more about the best wealth management solutions and how to choose the one that best aligns with your financial goals.
"Innovation is about seeing the possibilities others overlook and making them a reality” — Domingo Viesca, co-founder and president of innovation at Masttro
Key Takeaways
If you need a full wealth management solution, Masttro provides comprehensive data aggregation, AI-powered automation, and top-tier security.
If you rely on alternative investments, Masttro’s advanced reporting and visualization tools make it easier to track illiquid assets.
Before choosing software, consider your reporting needs, integration capabilities, and whether you prefer AUM-based or fixed pricing.
If you want a side-by-side comparison, book a demo to see how Masttro stacks up against competitors.
7 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
Investment portfolio management has evolved along with broader financial market trends into a modern industry where cutting-edge technology solutions provide wealth owners and advisors with real-time access and performance tracking wherever they are.
In the midst of The Great Wealth Transfer, there is an increasing demand from the next generation of ultra-high-net-worth individuals (UHNWIs) who seek to take a more active role in managing their wealth. Alongside this new active management is an increase in asset allocation to illiquid assets, such as private equity, real estate, and venture capital.
This shift not only diversifies their investment portfolios but also requires more sophisticated strategies to navigate the complexities and risks associated with these asset classes.
Consequently, there is a growing reliance on advanced reporting technology and data analytics to provide deeper insights, improve decision-making, and ensure effective monitoring of these investments.
The number of wealth management software platforms has grown rapidly in recent years, with comprehensive platforms that can now integrate directly with custodians worldwide, provide predictive analytics, and utilize emerging artificial intelligence (AI) technology to automate tasks that previously took significant office resources.
However, with many options to choose from, wealth owners' family offices often experience analysis paralysis, wasting valuable time and resources in selecting and implementing solutions only to discover they aren't a suitable fit for their needs.
In this article, we break down the best wealth management software solutions to help you understand their differences and decide which to consider for your needs.
1. Masttro
“Masttro is about the wealth owner's perspective. That’s exactly what our business is about.” - Saul Dyne, Operations Manager Stonebridge Family Office
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.
Today, the Masttro platform provides family offices, wealth managers and advisors with a comprehensive wealth management software solution, not only by consolidating assets but through industry-leading tools that empower control and decision making.
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.
A highly intuitive digital ecosystem powered by web and mobile apps, every interaction with the Masttro platform is designed to provide a seamless, personalized approach that drives smarter decisions and greater control, beyond reporting.
Key features:
- Founded from family office origins, built from a wealth owner’s perspective
- Comprehensive data aggregation, portfolio management, reporting, and automation solution
- AI-driven document collection and data extraction
- Truly global: headquarters in New York but operates across 31 countries
- Multi-currency solution, that integrates direct data feeds with 600+ custodians worldwide
- Military-grade data security (Masttro has no access to client data)
- The UX-centered design allows easy navigation and easy onboarding
- Strong white-labeling capabilities
- Offers a mobile app (iOS & Android)
- Not AUM-based pricing
"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
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, portfolio managers, and registered investment advisors (RIAs) looking to increase their financial planning software offering.
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.”
Key features:
- 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
- Offers a mobile app (iOS only)
Cons:
- Not ideal for complex portfolios with alternative investments
- A complex platform that may require a steep learning curve for new users
- UX/UI design is not very intuitive, which can impact user experience
- Pricing is based on Assets Under Management (AUM), which can become costly for larger portfolios
- Limited mobile app availability (iOS only, no Android support)
- Primarily targeted toward RIAs, which might make it less ideal for smaller firms or individual advisors
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 financial advisors / RIAs and has helped modernize both the financial planning and advisor-client connection within the digital space. It is also well aligned with large US financial institutions and wealth management companies.
It offers a powerful list of features and smart integrations to third-party platforms where needed, from accounting to financial planning and complex portfolio 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.”
Key features:
- Data aggregation, portfolio management, and consolidated reporting platform
- Overall, quite oriented to RIAs, financial professionals, and advisors, with strong white-label capabilities
- Offers multiple integrations with investment platforms
- US-only: no foreign currency custodian integrations
- AUM-based pricing
- Offers a mobile app
Cons:
- Limited to U.S. markets, with no support for foreign currency custodian integrations
- AUM-based pricing model, which may increase costs for firms with larger portfolios
- The platform's functionality may be overly complex for smaller firms or non-RIA users
- Features are heavily tailored to RIAs, making it less flexible for other types of wealth managers
- While the mobile app exists, it lacks advanced functionality compared to the desktop version
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 and portfolio managers to achieve financial goals, providing a tool to consolidate client portfolio data from various custodians and allowing the capability to analyze all financial data from one platform to support financial decisions.
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.”
Key features:
- Consolidated reporting, governance, data aggregation, and management to empower wealth owners and reduce potential risks
- Based in Switzerland
- Focused on wealth owners and SFOs
- Pricing not based on AUM
- Offers a mobile app
Cons:
- It might not suit RIAs or multi-family offices (MFOs)
- Limited presence outside of Switzerland, which may affect support for international clients
- Mobile app functionality may not be as robust as desktop offerings
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, wealth managers, and advisors and is positioned to provide the capability to make data-backed, informed decisions across asset classes and client portfolios.
The solution is built around their investment data and analytics reporting platform named Sesame, which, aside from informed decisions, also enables automated bookkeeping capabilities to reduce operational risks.
The company raised its 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.”
Key features:
- Consolidated investment portfolio data and analytics reporting platform for investment managers, family offices, and financial professionals
- Integrates with 400+ direct custodians
- Headquartered in the United Kingdom
- Overall, quite focused on Single Family Offices (SFOs)
- Pricing is based on a number of variables (custodians, entities, asset classes, 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 wealth management firms, wealth advisors, asset servicers, and investment managers.
Rather than a comprehensive wealth management platform, Canoe is a complementary solution that streamlines the alternative investment processes through advanced illiquid assets document collection and data extraction technology.
They integrate with a number of popular wealth management platforms to assist with data capture and reporting, automating capturing and workflows across different types of investments.
In their words: “Canoe empowers clients with technology, data, and insights to manage alternative assets more efficiently, accurately, and confidently.”
Key features:
- Automation, document management, and data extraction solutions to support investment planning and wealth management
- Complimentary tool that integrates with wealth management platforms
- Utilizes AI-based data extraction technology to accurately report on investment performance and reduce potential risks
- Allows automated data verification based on predefined rules
- No application for mobile devices
Cons:
- Heavily focused on Single Family Offices (SFOs), which might limit its appeal to RIAs or smaller wealth managers
- Relatively new (founded in 2019), so it may lack the depth of experience or track record offered by more established competitors
- The mobile app functionality may not match the depth of the desktop platform
- Primarily UK-based, which might affect support for international clients or those outside Europe
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 automates the data extraction process, helping clients make informed investment decisions.
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 to other investment planning and family office software, it integrates with numerous wealth management software platforms to enhance its data aggregation and reporting capabilities and enable informed investment decisions.
In their words: “Manage new investments, updates, taxes, capital calls, distributions & financial statements all in one place.”
Key features:
- Digital investment admin platform for private market investments and illiquid assets
- Complimentary tool that integrates with wealth management platforms
- Focused on advisors, accountants, and individual investors
- No mobile application
Cons:
- No mobile application, which limits accessibility for users on the go
- Primarily a complementary solution, so it may lack the full functionality of standalone wealth management platforms
- Heavily focused on alternative investments, which might not meet the needs of users managing more traditional portfolios
- Potential reliance on integration with other platforms for full functionality, which could increase overall costs
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.
There is a wide range of digital tools available for independent investors, institutional investors, and asset managers. From investment research platforms to focused data aggregation tools, each has its 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 to enable informed investment decisions across operations, with powerful risk management features.
Whether you’re a family office, wealth manager, advisory firm, 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:
- Core functionalities - Does the platform have a range of features (everything from investment planning to regulatory compliance) to help you solve your prioritized wealth management needs and financial goals?
- Implementation time - will implementing the solution and client onboarding require additional resources and potentially disrupt your business operations?
- Reporting needs - do you have a diversified investment portfolio, and how detailed do you need performance analytics and reports to be - do you want pre-built investment tracking reports to come with your software solution?
- Integration capabilities - how many currencies do you work with, and how many different custodians and wealth management firms will the platform need to integrate with to cover investment options and client portfolios?
- Interface design - Is the platform easy to navigate and complete tasks on?
- Cost structure - do you want to pay based on total assets under management or not?
- Data security - do you want total security, or are you happy with your platform to have access to your information?
- 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 to achieve your financial goals?
- Mobile application - do you want access to your client portal anytime and anywhere?
- Support - does the potential platform put client relationships and user satisfaction first, offering reliable client service support that provides quick response and personalized guidance in your area of operation?
Why choose Masttro
Wealth is complex. That’s why Masttro consolidates financial data across custodians, asset classes, and geographies into a single, secure interface.
Designed for wealth owners, family offices, and advisors, it offers advanced reporting, intuitive analytics, and seamless integrations to streamline decision-making.
Scalable for complex needs, Masttro provides personalized support, future-ready technology, and a global reach with local expertise, empowering users to manage their wealth with confidence and efficiency.
Choose Masttro, and you will join leading businesses that have done the same to achieve their financial goals and 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
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