Complete Guide to Wealth Management Software Options for SFOs

Running a single family office today isn’t what it used to be. You’re managing alternative investments, steering always-changing regulations, guiding multiple entities across different jurisdictions, and trying to keep up with family members who expect real-time access to their financial information from their phones.

The old spreadsheet-and-PDF approach just doesn’t cut it anymore. Modern family offices need technology that can handle the complexity without creating more work. We’re talking about wealth management software platforms that automate the tedious work, provide meaningful insights instead of just data dumps, and deliver the security and compliance features that come with managing major wealth.

AI and automation transform how smart family offices operate, while digital-first approaches and ESG considerations are now need-to-haves rather than nice-to-haves.

This guide breaks down the leading wealth management software platforms for single family office needs. We’ve highlighted Asora as one of our top choices because it’s built from the ground up for family offices who want modern functionality without enterprise headaches.

What Is Wealth Management Software and Why SFOs Need It

Wealth management software for single family offices are comprehensive platforms that track, report on, and manage all aspects of a family’s financial life: from traditional investments and alternative assets to complex entity structures and multi-generational planning needs.

Spreadsheets and generic platforms fall short because your family office isn’t managing a simple investment portfolio. Instead, you’re:

• Coordinating assets across multiple entities
• Tracking private equity commitments alongside liquid investments
• Managing trust structures
• Providing different levels of access to various family members and advisors

You need governance tools, compliance monitoring, and the ability to generate everything from high-level family reports to detailed entity-level analysis.

Generic wealth management platforms designed for retail investors (or even RIAs) don’t understand the operational complexity of managing generational wealth. They can’t handle look-through ownership across dozens of entities, and don’t provide the security controls needed for family privacy.

The right wealth management software becomes the operational backbone that allows your lean team to manage complexity while keeping family members informed and engaged.

Wealth Management Software vs Investment Management vs Portfolio Management: What’s the Difference?

If you’re confused by all the different software categories out there, you’re not alone. The terminology gets thrown around pretty loosely, but understanding the differences matters when you’re trying to find the right wealth management digital platform for your family office:

• Wealth Management Software is the broadest category. It’s comprehensive solution for tracking, reporting, and managing all aspects of a family’s financial life. This includes public and private assets, cash, alternatives, entity structures, and even non-financial assets like real estate or collectibles. The focus is on holistic, multi-generational needs, governance, compliance, and providing visibility to different family stakeholders.
• Investment Management Software is more focused on aggregating and tracking investments across public, private, and alternative assets. It’s primarily about operational control, oversight, and reporting, but with less emphasis on the broader wealth picture, legacy planning, or non-investment assets.
• Portfolio Management Software is the most specialized category, concentrating on performance analysis, asset allocation, risk metrics, and trading for investment portfolios. These wealth management reporting software solutions are typically used by investment managers, wealth managers, or investment advisors rather than family offices directly.

Single family offices usually need wealth management software for advisors because your world is more complex than just tracking investments or analyzing portfolios. You need a complete, customizable view of your entire financial ecosystem.

However, you’ll see wealth management digital tools like Asora on quite a few different lists. That’s because Asora is designed for SFOs who need advanced aggregation, reporting, and automation across the full wealth spectrum (not just investment or portfolio management in isolation).

Top Features and Trends in Wealth Management Software for 2025

Changes in wealth management software are being driven by technology improvements and evolving family office needs. It’s not about more features—it’s about more solution-oriented products that solve real-world problems that burden single-family offices and ultra-high-net-worth individuals.

Ultimately, the leading platforms combine financial institution-grade capabilities with consumer-level usability: 

• Data aggregation and integration: Modern software for wealth management pulls information from an ever-expanding catalog of custodians, banks, and alternative investment sources with advanced automation and fewer manual workarounds.
• Performance and analytics: Improved capabilities now include multi-currency support, comprehensive alternatives tracking, and AI-powered insights that provide actionable intelligence (rather than just overwhelming you with more data).
• Automated reporting and workflows: Wealth management software provides key features to remove the manual grunt work that used to consume family office teams—from routine reconciliation tasks to complex multi-entity reporting.
• Security, compliance, and privacy: Secure platforms are reaching bank-level standards with granular access controls, detailed audit trails, and compliance monitoring that meets the privacy expectations of UHNW families.
• Scalability and user experience: Differentiators include mobile device access, API connectivity, and digital-first interfaces that family members learn to use without extensive training.
• AI, machine learning, and emerging technologies: The biggest trend involves blockchain integration for better transparency and ESG tools for impact measurement and reporting.

10 Wealth Management Software Platforms for SFOs in 2025

1. Asora (Editor’s Choice)

Asora delivers comprehensive functionality without the enterprise complexity that bogs down other platforms. It’s private wealth management software built for single and multi-family offices managing $30M-$1B+ in assets that want to modernize their process (especially those with major alternative investments and complicated entity structures). Asora focuses on automation that simplifies work, interfaces that make sense, and implementation that doesn’t drag on for months.

Features:

• Automated data aggregation across banks, custodians, and alternative investments
• Real-time performance monitoring with customizable reports
• Comprehensive alternative asset tracking 
• Wealth map with look-through visibility across complex ownership structures
• Workflow support with tasks and deal pipeline tracking
• Secure document management with granular access controls
• Native mobile applications for iOS and Android 
• Intuitive interface and ease of use

Pricing: Starting at $900/month, scaling with complexity rather than penalizing portfolio growth.

Pros:

• Purpose-built specifically for family office needs
• Delivers value within 4 weeks with dedicated onboarding support
• Intuitive interface that requires minimal training for family members
• Comprehensive alternative investment tracking
• Transparent pricing structure with no hidden fees or surprise costs
• Strong customer support with teams who understand family office operations

Cons:

• Newer platform with less market presence than established competitors
• Does not have advanced risk analytics
• Does not have CRM capabilities

2. Landytech

Landytech serves family offices operating across multiple jurisdictions. The wealth management software product is designed for European investment operations who need top-level cross-border wealth management features. The digital wealth management software specializes in the regulatory complexity and multi-jurisdictional reporting that other wealth management software solutions struggle with.

Features:

• Multi-jurisdictional wealth consolidation with comprehensive regulatory compliance
• Cross-border reporting and tax optimization tools for international structures
• Multi-currency investment tracking and performance measurement capabilities
• European banking system integrations with strong custody connections
• Risk management tools specifically designed for international portfolios
• Secure document management with European privacy standard compliance

Pricing: Custom enterprise pricing based on jurisdictional complexity and regulatory requirements.

Pros:

• Excellent international and cross-border wealth management capabilities
• Strong regulatory compliance expertise for European and global markets
• Comprehensive multi-currency reporting and data analytics
• Deep expertise in complex international wealth structures and tax optimization
• Robust security features designed specifically for European privacy requirements

Cons:

• Limited North American market presence and customer support
• Complex implementation process requiring technical resources and time
• User interface feels dated compared to modern wealth management companies’ platforms
• Expensive pricing structure that may be prohibitive for smaller family offices

3. Masttro

Masttro caters to family offices that need comprehensive wealth management with global reach and advanced reporting. The software wealth management fits established family offices that need detailed wealth mapping and secure collaboration tools for complex international structures.

Features:

• Global wealth consolidation with comprehensive multi-entity performance tracking and reporting
• Advanced wealth mapping visualization tools for complex ownership structures
• Secure document sharing and collaboration capabilities for family and financial advisor teams
• Multi-currency investment tracking with predictive analytics and benchmarking
• Alternative investment management with document processing and workflow automation
• Customizable reporting and dashboard creation for different stakeholder needs

Pricing: Flat fee pricing

Pros:

• Strong global reach with established presence in multiple international markets
• Comprehensive wealth mapping and visualization capabilities for complex structures
• Good security features and document management for sensitive family information
• Established track record serving sophisticated family offices worldwide
• Flexible customization options for reporting and dashboard creation

Cons:

• Complicated and cluttered user interface
• Implementation timeline can be lengthy and resource-intensive for family offices
• Pricing model may not align well with smaller or growing family office operations

 

4. Addepar

Addepar is a leader in the family office software market with end-to-end features designed for managing major scale and complexity. While it’s the established market leader with extensive features, many family offices find themselves paying for enterprise-grade complexity when they need simpler wealth oversight.

Features:

• Extensive client data aggregation from thousands of custodians and investment platforms
• Advanced performance analytics and benchmarking tools with institutional-grade capabilities
• Comprehensive alternative investment tracking and reporting across asset classes
• Multi-entity accounting with complex ownership structure support and look-through reporting
• Customizable dashboards and reporting with API access for system integrations
• Detailed audit trails and compliance monitoring for regulatory requirements

Pricing: Custom pricing that scales significantly with asset management and feature requirements.

Pros:

• Market-leading custodian connectivity and data management capabilities
• Sophisticated investment analytics and comprehensive reporting functionality
• Strong alternative investment management features and tracking tools
• Established track record with large family offices and institutional clients
• Comprehensive compliance and audit trail functionality for regulatory needs

Cons:

• Complex implementation demanding time and technical resources
• Interface complexity can overwhelm users
• Expensive pricing structure that’s prohibitive for smaller family office operations
• Enterprise focus may not align with the lean operational needs of many family offices

5. Copia Wealth Systems

Copia Wealth Studios makes artificial intelligence (AI) available to family office operations. It focuses on eliminating the manual document processing and data entry work that consumes most family office teams. The platform is a great fit for tech-forward families who want to leverage automation for operational efficiency.

Features:

• AI-powered document processing for investment statements and capital call automation
• Multi-custodian investment aggregation with automated reconciliation and data cleansing
• Private investment workflow automation with comprehensive tracking and reporting tools
• Tiered pricing structure with scalable feature sets for different operational needs
• Secure collaboration tools and customizable reporting dashboards for family stakeholders
• Document management with automated processing and intelligent data extraction

Pricing: Monthly subscriptions from $895 to $6,550 depending on automation level and feature requirements.

Pros:

• Strong AI automation significantly reduces manual data entry and processing requirements
• Flexible pricing structure allows families to scale features based on actual needs
• Modern interface design with focus on operational efficiency and user experience
• Responsive development team regularly adding new features and automation capabilities
• Good alternative investment tracking with automated document processing

Cons:

• Some advanced features still in development phase and not yet available
• Relatively new platform without extensive long-term track record in the market
• AI accuracy can vary depending on document quality and format consistency
• Higher-tier pricing becomes expensive for families that want full automation features

6. Altoo

Altoo serves European family offices and UHNW individuals who need wealth management across multiple jurisdictions and regulatory environments. The platform focuses on international wealth consolidation with strong emphasis on European regulatory compliance and cross-border reporting.

Features:

• European-focused wealth consolidation with comprehensive international capabilities
• Multi-jurisdictional regulatory compliance and tax optimization tools
• Advanced client portfolio reporting with European market expertise and benchmarking
• Secure document management designed for European privacy standards and regulations
• Multi-currency investment tracking with performance measurement across asset classes
• Alternative investment support with valuation management and reporting tools

Pricing: Custom pricing based on assets under management and jurisdictional complexity requirements.

Pros:

• Strong European market expertise with deep regulatory knowledge and compliance capabilities
• Sophisticated international wealth management features for cross-border structures
• Comprehensive alternative investment tracking and reporting functionality
• Robust security features specifically designed for European privacy requirements
• Experienced team with extensive wealth management background and market knowledge

Cons:

• Limited presence and support capabilities in North American markets
• Dated and clunky user interface
• Complex and lengthy onboarding process
• Expensive pricing structure that’s prohibitive for smaller family office operations

7. Black Diamond (SS&C)

Black Diamond is designed for family offices and wealth management firms that want comprehensive investment management features combined with operational tools (like billing and client relationship management). The platform integrates wealth oversight with practice management features.

Features:

• Integrated portfolio management with automated rebalancing and trade execution capabilities
• Comprehensive performance reporting and analytics with customizable client-facing dashboards
• Built-in billing and fee calculation systems for investment management services
• Client engagement management tools with communication portals and document sharing
• Custodian integrations with trade order management and settlement monitoring
• Risk analysis and investment allocation tools with compliance monitoring capabilities

Pricing: Custom pricing based on assets under management and operational feature requirements.

Pros:

• Comprehensive investment management functionality with integrated operational tools
• Strong performance reporting and analytics capabilities for client communication
• Established platform with extensive track record in wealth management industry
• Good integration capabilities with other SS&C financial services products
• Robust billing and fee management features for investment advisory services

Cons:

• Implementation process can be lengthy and resource-intensive for family offices
• Better optimized for RIA operations than pure family office wealth management needs
• User interface feels dated compared to modern wealth management platforms

8. QPLIX

QPLIX provides institutional-grade analytics and performance measurement to family offices that need advanced investment analysis. The platform wealth management software focuses on smart performance attribution and risk analysis that’s typically only offered to large institutional investors.

Features:

• Advanced performance attribution analysis across multiple asset classes and time periods
• Comprehensive risk measurement and factor exposure analysis with stress testing capabilities
• Multi-asset class performance reporting with custom benchmark creation and comparison
• Regulatory reporting automation for complex investment vehicles and structures
• Alternative investment analytics with performance measurement and benchmarking tools
• Custom reporting capabilities with visualization tools and API access for integrations

Pricing: Enterprise licensing with pricing based on analytical complexity and feature requirements.

Pros:

• Sophisticated analytical capabilities that rival institutional investment management platforms
• Comprehensive risk measurement and performance attribution analysis tools
• Strong regulatory reporting functionality for complex investment structures
• Proven reliability and stability in institutional investment management environments
• Good alternative investment analytics and performance measurement capabilities

Cons:

• Demands analytical expertise and training for platform utilization
• Expensive implementation and ongoing costs that may be prohibitive for smaller operations
• Interface designed for investment professionals rather than family members or principals
• Limited mobile functionality and modern user experience features

9. Private Wealth Systems

Private Wealth Systems specializes in family offices managing complex trust and estate structures alongside their investment portfolios. The digital wealth management platform integrates wealth management with fiduciary responsibilities and multi-generational financial planning requirements.

Features:

• Integrated trust and estate management with comprehensive investment oversight capabilities
• Fiduciary accounting and beneficiary reporting with compliance monitoring for trustee responsibilities
• Multi-generational wealth tracking with inheritance planning and estate administration tools
• Beneficiary portal access with appropriate privacy controls and customized reporting
• Compliance monitoring for trustee and fiduciary investment responsibilities
• Document management for trust agreements and estate planning documentation

Pricing: Annual licensing based on trust complexity and number of beneficiaries tracked.

Pros:

• Deep integration of investment management with trust and estate administration
• Comprehensive multi-generational wealth tracking and planning capabilities
• Strong compliance features for fiduciary responsibilities and regulatory requirements
• Extensive experience serving complex family structures with trust relationships
• Good beneficiary communication and reporting tools for multi-generational families

Cons:

• Older-looking user interface
• Complex implementation process 
• May be unnecessarily complex for families with straightforward investment tracking needs
• Lacks modern user experience features

10. d1g1t

d1g1t provides family offices with a cloud-native digital wealth management platform featuring modern user experience and visual analytics. The online wealth management tool emphasizes contemporary design and streamlined workflows over traditional enterprise complexity.

Features:

• Modern cloud-based architecture with responsive user interfaces and visual analytics
• Interactive reporting dashboards with real-time data visualization and customization options
• Streamlined alternative investment tracking and management with automated workflows
• Multi-custodian financial data aggregation with reconciliation and performance reporting capabilities
• Customizable workflows designed specifically for family office operational needs
• Real-time collaboration tools with secure document sharing and communication features

Pricing: Asset-based pricing model with custom quotes depending on portfolio complexity and features.

Pros:

• Contemporary user experience with modern design principles and intuitive navigation
• Strong visual analytics and interactive reporting capabilities for data presentation
• Regular platform updates and feature enhancements with responsive development team
• Good customer service during implementation and ongoing data platform usage
• Clean interface design that requires minimal training for family office staff

Cons:

• Fewer integration options compared to established platforms, and primarily geared towards advisors rather than family offices
• Limited custodian connections relative to comprehensive wealth management platforms, with a focus that often favors advisor use cases over family office requirements
• Platform maturity concerns for highly complex investment scenarios and structures
• May lack some advanced features required by larger family offices with complex needs

** All images from company websites and social media platforms.

Conclusion: Powering the Modern SFO with the Right Wealth Management Platform

What worked with simpler wealth structures and fewer regulatory requirements just doesn’t scale with today’s complex multi-entity operations, alternative investment allocations, and family expectations.

Modern wealth management tools offer automation that eliminates errors, insights that drive better decisions, and security that protects generational wealth.

The top wealth management software lets lean teams manage significant complexity while keeping family members informed and engaged. It’s about more than just replacing spreadsheets—it’s transforming how your family office operates.

Asora stands out for its purpose-built approach to family office needs that combines comprehensive functionality with the usability and implementation speed that modern family offices demand.

Request a personalized demo to see why family offices are choosing Asora for their wealth management solutions.

FAQs about Wealth Management Software for SFOs