Best Wealth Management Software

Compare the Top Wealth Management Software as of July 2025

What is Wealth Management Software?

Wealth management software is a digital platform designed to help wealth managers organize, track and analyze the investments of their clients. It offers features such as portfolio modeling, client reports, and risk analysis tools to provide comprehensive insights into the financial performance of a client. With up-to-date data and powerful analytics capabilities, this software can help wealth managers take informed decisions on their portfolio allocations in order to maximize returns. Compare and read user reviews of the best Wealth Management software currently available using the table below. This list is updated regularly.

  • 1
    FundCount

    FundCount

    FundCount Americas

    FundCount is a partnership accounting and analytical software solution that tracks, analyzes and reports the value of complex investments. Suitable for fund administrators, family offices, hedge funds, and private equity firms, FundCount offers an integrated multicurrency general ledger and automated workflow tools to bring a higher level of efficency to daily processes. It also comes with flexible, effortlesss reporting tools to enable firms to quickly produce and deliver consolidated reports tailored to each client’s unique requirements. FundCount has been voted as the Best Fund Accounting and Reporting Systems Firm by Hedgeweek.
    Starting Price: $500
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  • 2
    AlternativeSoft

    AlternativeSoft

    AlternativeSoft

    AlternativeSoft is used by institutional investors investing in Mutual Funds, Hedge Funds & Private Market Funds. AlternativeSoft is the preferred choice for many of the globe's leading institutional investors investing in mutual funds, hedge funds and private equity funds. Best Risk Management Software Awards (Hedgeweek 2017, 2019, 2020, 2021, 2022, 2023). Since its establishment in 2005, AlternativeSoft has streamlined the process of fund selection, portfolio management, reporting for funds, due diligence on hedge funds, powerBI reporting, on premise or cloud availability, financial trainings, for institutional investors. We offer a large solution for anything related to funds.
  • 3
    FactSet

    FactSet

    FactSet Research Systems

    We provide data to power your workflow, analytics to help you outperform, and insights to give you perspective. FactSet helps over 6,000 financial services firms address their most pressing challenges such as optimizing technology costs, building integrated workflows, mitigating risk, and creating efficient data governance throughout an organization. Over 160,000 investment professionals trust our comprehensive data feeds, desktop analytics, web and mobile applications, and white-glove client service to transform the way they discover, decide, and act on opportunity.
  • 4
    Prospero Suite
    Prospero by FINARTIS (formerly S.A.G.E.) is an integrated suite of solutions specifically designed for the financial services industry, specifically family offices and/or independent asset management and includes wealth management, fund administration, and asset management. The fully comprehensive solution covers all transactional, processing, financial, and reporting needs of the financial sector, from the front-office to the middle and back-office areas. Prospero 365’s solution for family investment offices and Independent Asset Managers has been designed with the aim of managing the portfolios of high net worth individuals and dealing with all the issues surrounding this. A mixed emphasis has been placed on both managing the portfolio and the client relationship. Many of the back office functions have been automated for user simplicity – no more need for IT or specific financial expertises in your company hierarchy.
    Starting Price: $1760/month/user
  • 5
    Moneytree

    Moneytree

    Moneytree Software

    Build plans and relationships on the most accurate calculation engine. Join other serious financial planners and independent advisors that are using the most robust calculation engines in the wealth management space to grow their practices. From big picture to in depth, Moneytree delivers planning solutions for professionals. Make planning simple with quick data entry and clear results. Answer clients’ “What-Ifs” and show instant, side-by-side comparison results. Actively include clients in the process by creating plans collaboratively. Cover all your clients’ planning needs with in-depth data and analysis. Capture details of your clients’ situations and add future changes at any age. Choose the planning approach to best reflect your clients’ situation. Moneytree Elite’s in-depth planning captures and analyzes your clients’ current financial situation and illustrates impacts of important decisions on their financial future.
    Starting Price: $1981 per year
  • 6
    Practifi

    Practifi

    Practifi

    Practifi is the performance optimization platform that transforms data into insights, action and excellence at scale. We help wealth management firms go beyond traditional CRMs and redefine what’s possible. Unlike traditional CRMs, Practifi unifies your team, data and best-in-class tools to give the visibility and oversight you need to drive your organization forward. Our enterprise workflow engine, open API and robust analytics centralize data sources to maximize actions and insights. Practifi has been recognized as one of the best platforms in the industry, earning high accolades for our intelligent platform design and innovative features. We believe that partnership means more than just picking up the phone when something goes wrong. Our team is committed to working closely with clients to find solutions to their challenges–or build them if they don’t exist.
    Starting Price: $80 per user per month
  • 7
    enVisual360

    enVisual360

    enSynergy Professional Services

    enVisual360 is the first module-based wealth management software suite that can be licensed by module, meaning you only license what you need, when you need it. enVisual is scalable with solutions priced to suit small/startup firms and larger global firms. Our aim is to provide ROI and productivity immediately. Build your own system! Designed for wealth management firms, fit for purpose. Unlike many products on the market, enVisual360 does not require costly customisation to implement. enVisual is purpose-built by wealth professionals for wealth professionals and delivers productivity and reduced client administration costs, particularly those in relation to ever-increasing compliance obligations. enVisual360 delivers a range of fully integrated core modules that are; scalable, affordable, simple and fast to implement.
    Starting Price: £40/month/user
  • 8
    Fintso

    Fintso

    Fintso

    The cutting-edge wealth tech platform creates access to valuable industry resources and industry-leading capabilities. Advice, execution, monitoring, and reporting that truly sets you apart. Completely digitize your practice and get the tools that enable you to focus on your clients. Increase the share-of-wallet of clients by offering them access to investments in global stocks and ETFs. Share the success of your favorite global brands, unlocking opportunities for you through portfolio diversification. 53% of individual wealth in India is in the form of fixed deposits and savings. Investors look for a safe place to park funds, in a name they trust. Increase your wallet share by offering corporate FDs from one of the most respected brands in India. Address the growing need of clients to access the stock market. Unique baskets of Indian equities for your clients are executed seamlessly. Take care of your clients’ needs beyond investments.
    Starting Price: Free
  • 9
    NetX360

    NetX360

    Pershing

    NetX360® is a single point of access for professionals to manage their businesses and support their clients' needs by focusing on data and analytics to reimagine the experience. Regardless of your business model, commission, advisory, retail, self-directed, institutional, or asset management, NetX360 is for you. The benefits of NetX360 include improved process flows with global search to make it easy to find information, a streamlined experience, and accessible integration partnerships across a variety of solutions for market data, news, research, financial planning, and reporting tools. Take the power of NetX360 wherever you go. With NetX360 Mobile you can work wherever you are, whenever you are on the move. Easily access your client’s information and stay on top of the latest market developments and updates with uninterrupted access to the most critical business functions. Fund accounts quickly with mobile check deposits.
    Starting Price: Free
  • 10
    Fundpath

    Fundpath

    Fundpath

    Wealth managers spend a significant portion of their time interacting with the asset management industry. They tell us that much of that time is spent fielding unqualified, misplaced and irrelevant calls. An innovative solution that bridges the information disconnect by allowing asset managers to quickly understand who they should be talking to, when and about what, helping wealth managers to spend time on issues that are important to them. Fundpath has made a declaration of commitment to carbon neutrality in accordance with PAS 2060. Fundpath will also encourage more effective practices and reduce those which are wasteful, therefore helping to reduce the industry’s indirect carbon emissions.
    Starting Price: Free
  • 11
    Simplicitree

    Simplicitree

    Simplicitree

    When you simplify your financial planning you’re doing your best work, and when you do your best work your business will grow. How about instead of pitching the features and benefits of your products and services, deliver an interactive planning experience that tells a story about how your clients reach their destiny? Deliver an interactive experience and clear plans to improve every client meeting and close more business. Don’t miss out on referrals because clients can’t see your value. Customers love this easy-to-use, hands-on platform and are more likely to refer your firm when they have this tool at their disposal. Spend less time preparing for meetings and more time with the clients you’re meant to serve. Show clients the outcome of your investment recommendations, prove your advice is working, and build trust faster. Turn a prospect into a client within an hour with interactive real-time planning.
    Starting Price: $149 per month
  • 12
    WealthTrace

    WealthTrace

    WealthTrace

    Take the guesswork out of planning for retirement. WealthTrace gives the most accurate financial projections and allows you to monitor your investment holdings, performance, transactions, and fees. Don't leave your retirement up to chance. With WealthTrace, you can take control of your retirement and find out if you have the funds to retire comfortably, and what you can do to change your financial situation. Link all of your investment accounts so you can track and monitor your balances and holdings. Your accounts will update every day, allowing you to track performance, transactions, fund fees, investment balances, and more. Your data is safe and secure using the latest security measures. Watch financial projections change in real-time as you change your assumptions. Get instant feedback on changing savings rates, retirement dates, expenses, withdrawal orders, and many other assumptions. Easily find out your optimal withdrawal rate and how much you need to save for retirement.
    Starting Price: $229 per year
  • 13
    Asseta

    Asseta

    Asseta.ai

    Asseta is a comprehensive, AI-powered platform designed to streamline the financial operations of family offices, enabling them to manage wealth and accounting with efficiency and clarity. It provides robust tools for tracking investments, cash flow, multi-currency transactions, and complex ownership structures, offering real-time insights and customizable reports. With its seamless integration capabilities, Asseta allows users to consolidate data from multiple sources like QuickBooks, Bill, and Ramp into one centralized system. The platform also supports automation of routine financial tasks such as allocations, bill payments, and month-end close processes. Tailored for scalability, Asseta helps family offices streamline their financial operations and enhance visibility across entities and currencies globally.
    Starting Price: $32 per month
  • 14
    Mezzi

    Mezzi

    Mezzi

    Mezzi is a new way to build wealth and access insights currently reserved for those with expensive wealth advisors. Keep all of your investment accounts and use Mezzi's personalized steps to save on capital gains taxes, reduce fund fees, increase passive income, and optimize your portfolio allocation. Smart investing requires seeing your investments in one place. Compare performance and allocations across your different accounts and start optimizing. Mezzi's suggestions will help you rebalance your allocations and put your extra cash to work. Managing your investment taxes is complicated. Mezzi's advanced calculators and AI-powered suggestions make it simple to save on taxes. Mezzi's AI suggests less expensive funds with similar exposure so you can save thousands in fees. At Mezzi, your privacy and the security of your data are paramount to us. With an ad-free experience, you can trust that your data remains exclusively yours, we will never sell it to third parties, today or ever.
    Starting Price: $9.99 per month
  • 15
    AdvisoryAI

    AdvisoryAI

    AdvisoryAI

    Advisory AI is the world's first AI-Copilot for financial advisors and offers cutting-edge AI software, revolutionizing how they create and manage advisory documents. With our intuitive platform, financial professionals can automate any advisory document in just 5 minutes, saving time and increasing productivity. We specialize in automating critical reports, including Annual Review Reports, Suitability Letters, Meeting Notes, Provider Information Summaries, Pre-Meeting Prep, and Follow-up Email Summaries. Our technology streamlines the advisory process, ensuring financial advisers can focus on delivering exceptional client service while reducing administrative workload. Let Advisory AI empower your practice with efficient, AI-driven solutions tailored to the needs of modern financial advisors.
    Starting Price: £49/user/mo
  • 16
    Provisian

    Provisian

    Provisian

    Provisian makes it easy to build a financial plan, manage risk, and communicate financial advice, all from a unified platform. Simulate market conditions to manage risk and make informed decisions. Seamlessly integrate Provisian with over 11,000 financial institutions. A comprehensive platform to collaborate with clients and track performance. A responsive team at your fingertips, available whenever, wherever. Stay connected to clients with a comprehensive financial profile, designed to predict outcomes, minimize risks, and enable more intelligent decisions. Simplify client communications with a centralized portal and intuitive reporting. Design an investment strategy tailored to your client's risk profile and objectives. Visualize and control the assumptions that drive each projected outcome. Perform Monte Carlo simulations and make informed financial decisions. Run thousands of cutting-edge simulations to identify the most probable outcomes.
    Starting Price: $75 per month
  • 17
    Boldin

    Boldin

    Boldin

    This financial wellness platform offers tailored solutions to meet the unique needs of businesses. Through its APIs, it allows users to build tools with detailed financial projections. The white-label planner provides comprehensive DIY financial planning, while interactive calculators can be integrated directly into websites to engage users. The platform also emphasizes classes and education, boosting financial confidence and literacy. With advisor tools, financial professionals can collaborate closely with clients on their plans. The platform’s holistic approach includes the Financial Projection Engine (FPE) for thorough financial computations, making it easy for individuals to make informed decisions about their money and time. Implementation is simple whether using customizable planners or APIs, ensuring seamless integration with a business's goals.
    Starting Price: $120 per year
  • 18
    Swimbird

    Swimbird

    Swimbird

    Swimbird develops and offers a modern, cutting‑edge cloud‑native SaaS platform called SWIP that integrates and aggregates portfolio data from multiple sources to support portfolio management, analysis, and reporting. SWIP provides real‑time aggregation and visualization of both assets and liabilities, listed and OTC financial instruments, private equity, alternatives, commercial real estate, and private assets. Built on best‑of‑breed technology and tailored for individual businesses, SWIP can seamlessly fit into existing IT infrastructures or serve as a standalone solution. It empowers banks, asset managers, family offices, investment companies, and private equity/venture capital firms with a holistic, interactive dashboard that supports flexible and customizable reporting, performance and risk analysis, asset allocation across multiple categories, and data warehouse record‑keeping, including full audit trails.
    Starting Price: Free
  • 19
    Hubly

    Hubly

    Hubly

    Hubly allows you to unleash the power of effortless financial advisory, transforming your firm’s household experience into a high‑touch, stress‑free system that scales efficiently. Its cloud-native practice management operating system combines CRM integration, dynamic workflow automation, role-based task routing, conditional logic, and built-in reminders to ensure consistency and eliminate administrative errors. With more than 100+ plug‑and‑play workflow templates, from client onboarding and money movement to client reviews, meeting prep, and employee onboarding, Hubly delivers a repeatable client experience at scale. It provides a centralized hub feed and client cards displaying progress, upcoming tasks, past interactions, and assigned responsibilities, giving users full visibility and team accountability. Hubly’s no-code, intuitive design makes building, customizing, and sharing workflows simple.
    Starting Price: $75 per month
  • 20
    Hemonto

    Hemonto

    Hemonto

    Hemonto is a Danish FinTech founded in 2006 that delivers independent, consolidated wealth reporting through a digital platform and expert advisory team. With oversight of over USD 55 billion and management of assets exceeding USD 10 million per client, it processes hundreds of thousands of transactions annually to generate reliable, reconciled accounts, performance summaries, risk analytics, ESG reporting, private equity overviews, and extended monitoring, all in one customizable interface. As a 100 % independent advisor, Hemonto aggregates data across custodians, banks, portfolios, currencies, and asset classes, enforces objective quality controls, and flags any deviations from agreements to ensure transparency, timeliness, and compliance. Its dynamic reporting dashboard, available via web and mobile, supports a tailored wealth oversight experience, direct data access via BI tools, and a dedicated team to guide reporting setup and ongoing management.
    Starting Price: Free
  • 21
    Copia

    Copia

    Copia

    Copia Wealth Studios is a mobile‑first wealth operating system that brings together AI‑powered document ingestion, portfolio aggregation, specialized planning, and operations automation into a unified platform for sophisticated investors, family offices, multi‑family offices, institutions, and registered investment advisors. It integrates data from portals, accounts, and documents for a real‑time, comprehensive view, enabling users to preserve wealth, optimize portfolios, validate decisions, visualize entity and trust structures, forecast capital calls, and streamline workflows. Copia’s suite includes intelligent document processing (extracting data from K‑1s, capital‑call notices, distribution statements, etc.), entity‑map visualization, manager performance benchmarking, automated monthly and ad‑hoc reporting, natural‑language document querying, biometric 2FA, and white‑glove security practices using encryption.
    Starting Price: $895 per month
  • 22
    Aleta

    Aleta

    Aleta

    Aleta is a next‑generation wealth management platform for family offices, wealth managers, and advisors that securely consolidates data from multiple custodians, asset types (including private equity, real estate, and passion assets), and currencies into a single, intuitive interface. It combines AI‑powered analytics, dynamic visualizations, and drill‑down transaction insights, supported by over 100 banking integrations and more than 15 years of reporting expertise. It automates private‑equity statement processing, enabling hassle‑free alternative asset inclusion across portfolios. ESG and impact metrics are embedded alongside financial returns to support sustainable wealth strategies. Recognized with industry awards for excellence in reporting, Aleta offers a sleek cloud‑native design, a mobile app for on‑the‑go access, white‑label customization, Microsoft‑based infrastructure, SOC 2 certification, multi‑factor authentication, encryption, and more.
    Starting Price: Free
  • 23
    1fs Wealth
    1fs Wealth is an AI‑driven, cloud-native wealth intelligence platform that lets high‑net‑worth individuals and family offices consolidate all assets, including public and private investments, real estate, collectibles, and digital assets, into a single view. It offers secure access with multi‑factor authentication, granular role-based permissions, and enterprise-grade encryption. It provides real-time valuations and market feeds, proprietary risk decomposition tools, concentration metrics, and geolocation tracking. It supports comprehensive succession planning by allocating assets, documents, and ownership guidance to next‑gen beneficiaries. Advanced collaboration features allow advisors, family members, and external professionals to work jointly, with drill-down analytics, peer benchmarking, carbon and ESG insights. Integrations include API connectivity, Plaid-based account aggregation, and hedge‑fund benchmarking via Albourne indices.
    Starting Price: Free
  • 24
    Quantfolio

    Quantfolio

    Quantfolio

    Quantfolio is a modular, API-driven digital investment advisory platform and robo‑advisor engine built for banks, wealth managers, and fintechs. It centralizes and streamlines client onboarding, suitability and risk assessments, automated proposal and compliant documentation generation, and investment execution. The Investment Engine core allows firms to embed their philosophy into customizable flows, while the robo‑solution lets them deploy scalable, self‑service–style advice to retail or mass‑affluent segments. Its order‑execution module ensures a seamless journey from strategy to trade, and built‑in compliance-by-design protects against regulatory risk. With ESG integration, white‑label branding, and sustainability preferences embedded across workflows, Quantfolio enables institutions to deliver personalized, efficient, and compliant investment advice at scale.
    Starting Price: Free
  • 25
    NexJ CRM

    NexJ CRM

    NexJ Systems Inc.

    Each of our 6 industry-specific products are tailored to your specific vertical to help you meet your business objectives. CRM for Wealth Management - helps advisors grow assets under management by forging deep client relationships. CRM for Private Banking - helps Relationship Managers grow assets under management by solidifying client relationships. CRM for Commercial Banking - helps bankers drive upsell and cross-sell opportunities by delivering personalized service. CRM for Corporate Banking - helps business bankers drive upsell and cross-sell opportunities by connecting insights and sales teams across regions. CRM for Sales, Trading & Research - helps users maximize profit and optimize capital usage CRM for Insurance helps agents drive renewals and cross-sell opportunities. Our products can meet all of your CRM needs in a single package – this includes Sales, Service and Marketing capabilities which are tuned to your specific industry.
  • 26
    BlazePortfolio

    BlazePortfolio

    BlazePortfolio

    Implement complex models and monitor asset allocations across portfolios with ease. Manage order flow across multiple custodians, asset and security classes. Achieve Simple Tax Alpha with Tax Harvesting and Location Optimization. Stay on top of cash balances with simple yet powerful tools for daily cash management and intra-day cash monitoring. Easily connect with a wide variety of portfolio accounting, reporting, custodian and execution systems. Features designed to ensure trading compliance and data accuracy. BlazePortfolio® develops streamlined, user-friendly trade management solutions for investment managers, RIA's, wealth managers, broker-dealers, family offices, and industry partners. Manage order flow across multiple custodians, asset and security classes. Stay on top of cash balances with simple yet powerful tools for daily cash management and intra-day cash monitoring. Implement complex models and monitor asset allocations across portfolios with ease.
  • 27
    eMoney

    eMoney

    eMoney Advisor

    Financial discussions don’t have to be difficult. Neither do the tech solutions that power them. At eMoney we’re committed to delivering innovative, planning-led solutions that power your business. Our comprehensive financial planning platform is built for the way you work and designed to scale to meet the growing needs of your firm. Whether you are an independent financial advisor or running a large enterprise effort, our integrated solutions help you meet the evolving needs of your clients—from basic to complex. eMoney is more than just world-class financial planning software. Whether it’s helping you convert prospects into clients, collaborate on financial plans, or manage the business, the eMoney platform is built for scale. All so you can spend more time doing what you do best: helping clients plan for the future.
  • 28
    iDEAL Wealth & Funds

    iDEAL Wealth & Funds

    Credence Analytics

    Given its large customer base over the last decade, the solution is mature in terms of its breadth of business line offerings as well the depth of its rich features. From Front Office features like pre-deal analysis,real time portfolio position and cash flow tracking, profitability monitoring to Back office operations like deal settlements, corporate action posting, MTM valuation, accounting and NAV generation, the solution covers the entire gamut of investment management operations. With FundSense - the business intelligence tool, making business decisions is faster, easier, and more collaborative. The drag-and-drop feature makes integrating data from multiple sources easy. Users can create and view personalized, interactive data visualizations and dashboards inorder to make meaningful decisions. Fund Sense puts rapid analytics and an associative experience right on your desktop.
  • 29
    PureFacts Wealth Management

    PureFacts Wealth Management

    PureFacts Financial Solutions

    No one understands financial services data better than PureFacts. We've helped our clients to grow revenue, manage costs and mitigate risks for over 20 years. Streamline processes, tailor the client experience and capture more revenue. Extract insight from data so you can focus your efforts and create more value. Explore solutions from one of the most innovative AI Fintech and Wealthtech companies in the world. Make onboarding, goals-based investing and decumulating remarkably smart and easy. Technology that helps you streamline processes, tailor the client experience and capture more revenue. Implement revenue programs that account for every dollar of value that you deliver. Do it with less overhead and more automated, accurate and repeatable workflows. A hosted, highly integrated, flexible, scalable and reliable platform that merges with your existing tech stack so you get seamless upstream and downstream data flows.
  • 30
    HiddenLevers

    HiddenLevers

    HiddenLevers

    Leading wealth management firms use the HiddenLevers Advisor Platform to gauge client risk tolerance, stress test portfolios, and build recommendations that limit risk while meeting future goals. With custom proposal generation, advisors can generate branded proposals to present risk tolerance, fee attribution, stress tests, style and sector breakdowns, and much more. HiddenLevers provides true business intelligence for C-Suites of Financial Institutions - monitor risk to assets (AUM), clients, revenue, and profitability from the entire firm all the way down to the individual advisor's book of business. With customizable monitoring and visualization of risk, asset flows, asset drift, and firm-specific KPIs, executives can manage growth and complexity in real-time.
    Starting Price: $300 per user per month

Wealth Management Software Guide

Wealth management software is a tool used by financial advisors and other professionals to help their clients manage their wealth. Generally, this type of software allows advisors to gain insight into the overall financial health of their clients, monitor portfolio performance, provide investment advice, track investments, and create comprehensive reports on their clients' finances.

With wealth management software, advisors are able to access up-to-date market information which they can then use to inform the decisions they make for their clients. It also provides access to risk analytics so that advisors can assess the potential risks involved with different investments and adjust portfolios accordingly. In addition, some wealth management software includes features like tax planning guidance or retirement calculators that allow users to plan for the future.

The key features of most wealth management software include portfolio tracking and monitoring; research capabilities; document storage and retrieval; account setup; client collaboration tools; dashboard customization options; risk analysis tools; compliance reporting tools; customer service support; data visualization tools for graphing portfolio performance over time; automated alerts about portfolio changes or any new opportunities that may arise in the markets; and integration with other third-party services such as online brokers or custodians for easy transfer of funds between accounts.

Overall, wealth management software is an invaluable tool for financial advisors as it helps them better serve their clients through efficient reporting, data analysis capabilities, comprehensive overviews of portfolios performance over time along with projected returns in order to give them a more accurate picture regarding how best invest their money.

Features of Wealth Management Software

  • Investment Planning: Wealth management software provides a comprehensive view of your financial portfolio, allowing you to make well-informed decisions about investment opportunities and manage your investments effectively.
  • Risk Analysis & Management: The software helps quantify and analyze risk factors associated with investments, such as market volatility and currency fluctuations. It also provides guidance on how best to minimize risks while maximizing returns.
  • Tax Planning: Wealth management software enables users to model various tax scenarios based on their investment objectives and financial situation. This helps them plan for taxes in the most efficient way possible.
  • Portfolio Rebalancing: This feature allows users to identify when their portfolios are out of balance, taking into account varying changes in asset values due to market conditions. This can help ensure that your portfolio remains properly diversified to meet long-term goals.
  • Asset Allocation: Wealth management software evaluates an investor’s risk preferences and the amount of liquidity they need, then recommends a custom-tailored portfolio allocation strategy based on these parameters.
  • Financial Planning & Goal Setting: The software assists investors in setting measurable financial goals through interactive tools such as budgeting calculators or retirement calculators. It also tracks progress against these goals so that investors can adjust their plans accordingly.
  • Account Management: Wealth management software allows users to view and manage multiple accounts (e.g. bank accounts, brokerage accounts, mutual funds) from a single platform. This helps provide clarity into an individual’s entire financial situation.
  • Performance Reports: The software tracks performance of investments on an ongoing basis, providing investors with up-to-date analytics about their portfolio in a variety of formats such as tables, graphs or pie charts.
  • Security & Privacy: Wealth management software is encrypted and protected by the latest security protocols to ensure that user data remains secure and confidential at all times.

Types of Wealth Management Software

  • Investment Management Software: This type of software helps wealth managers monitor and manage client investments, such as stocks, bonds, mutual funds and other securities. It can be used to create portfolios, track performance of investments over time, and identify potential areas for improvement.
  • Tax Planning Software: This type of software helps wealth managers optimize tax returns and manage client finances. It can help with income/expense tracking, retirement planning, estate planning, and more.
  • Financial Planning Software: This type of software helps wealth managers create comprehensive financial plans for their clients. It can be used to develop strategies for saving and investing money, setting goals, and providing guidance on how best to reach those goals.
  • Portfolio Analysis Software: This type of software helps wealth managers analyze investment portfolios from a risk/return perspective. It can identify potential issues such as concentration risks, missed opportunities or weak performance relative to benchmarks and peer groups.
  • Asset Allocation Software: This type of software helps wealth managers determine the optimal asset allocation for a portfolio based on factors such as risk tolerance and return objectives. It can also track changes in the portfolio over time to ensure that it remains aligned with the investor’s goals.
  • Trading Platforms: These platforms provide access to a variety of trading tools that enable wealth managers to execute transactions quickly and efficiently. They also allow them to monitor market conditions in real time so they can take advantage of short-term opportunities when they arise.
  • Research Tools: This type of software provides information and insights about investments, markets and economy. It can be used to identify areas for further research and uncover trends that may impact a portfolio’s performance.
  • Financial Risk Management Software: This type of software helps wealth managers evaluate the risk profile of an individual portfolio or an entire client base. It can also be used to set limits on portfolio exposures and track compliance with those limits on an ongoing basis.
  • Financial Reporting Software: This type of software helps wealth managers generate customized reports and client statements. It can be used to create comprehensive summaries of investments and performance, as well as more detailed analyses of individual positions or portfolios.

Benefits of Wealth Management Software

  1. Increased Efficiency: Wealth management software offers greater efficiency than manual processes, allowing wealth managers to quickly analyze data, create comprehensive financial plans, and manage multiple accounts simultaneously.
  2. Real-Time Analytics: With wealth management software, wealth managers can track portfolio performance in real time and make more informed decisions based on up-to-date information.
  3. Streamlined Account Management: Wealth management software simplifies the account maintenance process by automating many of the routine tasks associated with managing investments and portfolios. This allows wealth managers to devote their energy towards higher value activities such as providing advice and monitoring client progress.
  4. Risk Analysis and Forecasting: Wealth management software enables wealth managers to easily analyze past performance, identify risk factors, perform “what if” scenarios, generate detailed forecasts for future returns, and recommend strategies that meet clients' long-term objectives.
  5. Automated Compliance Monitoring: Wealth management software helps ensure that all transactions are compliant with established laws and regulations by automatically flagging any inconsistencies or irregularities in client documentation or trading activity.
  6. Scalability: Wealth management solutions are highly scalable; they can accommodate growth without requiring costly infrastructure upgrades or forcing investment advisors to learn new features when managing larger portfolios. The same platform can be used for small start-ups as well as large enterprises with hundreds of clients.
  7. Accessibility: Wealth management software can be accessed from any location, allowing wealth managers to easily manage portfolios and clients from anywhere in the world.
  8. Improved Client Relationship Management: Wealth management applications provide powerful tools for managing client relationships, such as automated customer service setup and maintenance tasks, reporting capacity tracking, contact lists, customized preferences and more.
  9. Increased Security: Wealth management software provides enhanced security by encrypting data transmissions and storing sensitive information on secure servers. This helps prevent unauthorized access to confidential financial information.

Who Uses Wealth Management Software?

  • Wealth Advisors: Professionals who offer investment advice, guidance and services to individuals, families or foundations. They help clients make informed decisions about their financial investments.
  • Private Banks: Financial institutions that provide banking and wealth management services for affluent customers in the form of deposits, loans, trust accounts and personal financial advice.
  • Retail Investors: Buyers who purchase securities directly from the market through their own online trading account. They may seek out software to help with asset allocation and portfolio performance tracking.
  • Institutional Investors: Organizations such as pension funds, hedge funds, mutual funds and bank trusts which manage large sums of money for their investors. Wealth management software helps these organizations monitor portfolios’ performance and adjust accordingly if needed.
  • Financial Planners: Professionals who offer advice on how to best use one's resources in order to meet long-term financial goals and objectives. Wealth management software can help them model different scenarios to find what works best for each client’s individual circumstances.
  • Asset Managers: Professionals who actively manage a portfolio of securities on behalf of clients or organizations in order to maximize returns while minimizing risk exposure levels within predetermined parameters. Wealth management software helps them identify opportunities in different markets and track performance metrics over time.
  • Accountants/Bookkeepers: Accountants are responsible for managing financial records while bookkeepers focus on day-to-day transactions such as accounting entries, payroll reports and invoices. Wealth management software helps them ensure accuracy by providing real-time insights into current finances as well as historical trends in spending patterns across an organization or individual’s portfolio balance sheet.
  • Trustees: Professionals in charge of investing the assets held in a trust for the benefit of others, such as children or charities. Wealth management software helps them make informed decisions by allowing them to monitor risk levels and portfolio performance metrics at any given time.

How Much Does Wealth Management Software Cost?

The cost of wealth management software can vary significantly based on the features and capabilities it offers. Generally speaking, a basic system that enables portfolio tracking and basic investment analysis can cost around $500-800 per year. More complex wealth management software packages with sophisticated features such as customizable reporting, automated asset allocations and tax optimization strategies can cost anywhere from $1,000 to several thousand dollars per year.

For larger enterprises looking for an end-to-end solution with financial planning, client onboarding and CRM tools, enterprise versions of wealth management software can cost tens of thousands of dollars or more annually. For those considering these options, it is important to factor in implementation costs for customizing the package for your particular needs as well as ongoing support fees for updates and maintenance over time.

Overall, the cost of wealth management software can range from several hundred to tens of thousands of dollars depending on your unique needs and the features you require. It is important to consider these costs when selecting a system and weigh them in relation to the value that it can bring to your business.

What Does Wealth Management Software Integrate With?

Wealth management software typically integrates with other types of software such as financial planning, portfolio management, document management, financial client relationship management (CRM), and accounting software. This allows advisors to efficiently manage the entire wealth management process for their clients. Financial planning software helps advisors to plan for their clients’ future needs and provide advice on investments that will best meet those needs. Portfolio management software enables advisors to monitor market trends and make re-balancing and investment decisions based on current market conditions. Document management systems allow them to store important documents securely in an online repository. CRM systems help advisors better manage customer relationships by allowing them to track correspondence, client data, and progress reports on a single platform. Finally, accounting software ensures that information regarding income streams, expenses, and capital gains are tracked accurately so tax liabilities can be calculated properly. Integrating these various applications together into a comprehensive wealth management system gives advisors the ability to effectively advise their clients in an efficient manner.

Wealth Management Software Trends

  1. Automation: Wealth management software is increasingly being automated to streamline and simplify operations, allowing financial advisors more time to focus on providing tailored advice and services to their clients.
  2. Data Analytics: Wealth management software can provide data analytics that can help advisors make more informed decisions when it comes to investment choices while reducing the burden of manually analyzing data.
  3. Trading Platforms: Wealth management software has integrated with online trading platforms, allowing advisors to access the most up-to-date information necessary for making highly informed trades.
  4. Cloud Computing: The use of cloud computing has allowed wealth management software to become faster, more secure and easily accessible from anywhere in the world.
  5. Mobile Technology: Mobile technology enables financial advisors to monitor their client’s investments at anytime from anywhere and provides quick access to portfolio performance metrics.
  6. Reporting & Compliance Tools: Many wealth management software solutions include reporting tools that enable financial advisors to meet compliance standards quickly and accurately.
  7. Real Time Updates: Wealth management software can provide real-time updates on portfolio performance, economic trends, and stock markets enabling advisors to stay up-to-date with the changing market.

How To Select the Right Wealth Management Software

First, decide what features and functionality you need from your wealth management software. Some of these features may include portfolio tracking, performance reporting, tax analysis, financial planning tools, client data storage, and more. Consider both the immediate needs of your clients as well as any potential future requirements they may have.

Second, look into different vendors offering wealth management software and compare their offerings in terms of cost and customer service. Make sure that any vendor you select is reputable and has a good track record with clients. 

Thirdly, check for integrations between the software and other platforms or systems you use in your business such as accounting software or risk management tools. This can ensure that all information is easily shared across multiple departments within your firm.

Finally, read customer reviews to get an idea of how easy it is to use the system before making your final decision. A user-friendly interface will make it easier for both you and your clients to stay up-to-date on their investments without having to invest too much time into learning the new system.

Use the tools on this page to compare wealth management software by features, pricing, user reviews, operating system, integrations, and more.