Quick Overview
- 1#1: TrustBooks - Cloud-based trust accounting software tailored for estate planning attorneys managing family trusts, estates, and conservatorships with automated reconciliations and reporting.
- 2#2: Computac Trust Accountant - Robust fiduciary accounting software providing detailed principal and income ledgers, tax basis tracking, and compliance reports for family trust administration.
- 3#3: FundCount - Integrated portfolio and partnership accounting platform designed for family offices handling complex multi-entity family trusts and investments.
- 4#4: Archway - Comprehensive middle- and back-office solution offering trust accounting, trade reconciliation, and billing for RIAs and family offices managing trusts.
- 5#5: Addepar - Multi-asset class platform delivering unified data aggregation, analytics, and customizable reporting for complex family trust portfolios.
- 6#6: Black Diamond Wealth Platform - Full-suite wealth management system with portfolio accounting, performance attribution, and client reporting optimized for family trust oversight.
- 7#7: Tamarac - Advisor technology platform featuring household accounting, composite reporting, and billing tools suitable for managing family trusts.
- 8#8: Orion Advisor Solutions - Scalable portfolio accounting and management software enabling accurate NAV calculations and reporting for trust assets.
- 9#9: Dynamo Software - End-to-end family office platform with investor accounting, pipeline management, and compliance tools for trust and foundation administration.
- 10#10: TrustQuay - Cloud-native trust lifecycle management software automating accounting, KYC, and regulatory reporting for trustees handling family trusts.
Rigorous evaluation prioritized features like automation, compliance tracking, and user-friendliness, ensuring tools align with the unique needs of family trust oversight, data integrity, and operational value.
Comparison Table
Managing family trust finances requires precision and efficiency, and the right software is key to success. This comparison table examines tools such as TrustBooks, Computac Trust Accountant, FundCount, Archway, Addepar, and more, outlining their features and strengths. Readers will discover insights to select the software that best fits their trust's unique needs.
| # | Tool | Category | Overall | Features | Ease of Use | Value |
|---|---|---|---|---|---|---|
| 1 | TrustBooks Cloud-based trust accounting software tailored for estate planning attorneys managing family trusts, estates, and conservatorships with automated reconciliations and reporting. | specialized | 9.7/10 | 9.8/10 | 9.5/10 | 9.4/10 |
| 2 | Computac Trust Accountant Robust fiduciary accounting software providing detailed principal and income ledgers, tax basis tracking, and compliance reports for family trust administration. | specialized | 9.1/10 | 9.4/10 | 8.6/10 | 8.9/10 |
| 3 | FundCount Integrated portfolio and partnership accounting platform designed for family offices handling complex multi-entity family trusts and investments. | enterprise | 8.7/10 | 9.2/10 | 7.8/10 | 8.0/10 |
| 4 | Archway Comprehensive middle- and back-office solution offering trust accounting, trade reconciliation, and billing for RIAs and family offices managing trusts. | enterprise | 8.2/10 | 9.1/10 | 7.4/10 | 7.8/10 |
| 5 | Addepar Multi-asset class platform delivering unified data aggregation, analytics, and customizable reporting for complex family trust portfolios. | enterprise | 8.4/10 | 9.2/10 | 7.1/10 | 7.6/10 |
| 6 | Black Diamond Wealth Platform Full-suite wealth management system with portfolio accounting, performance attribution, and client reporting optimized for family trust oversight. | enterprise | 7.6/10 | 8.2/10 | 6.9/10 | 7.1/10 |
| 7 | Tamarac Advisor technology platform featuring household accounting, composite reporting, and billing tools suitable for managing family trusts. | enterprise | 7.2/10 | 8.1/10 | 6.8/10 | 6.5/10 |
| 8 | Orion Advisor Solutions Scalable portfolio accounting and management software enabling accurate NAV calculations and reporting for trust assets. | enterprise | 7.2/10 | 7.4/10 | 8.1/10 | 6.9/10 |
| 9 | Dynamo Software End-to-end family office platform with investor accounting, pipeline management, and compliance tools for trust and foundation administration. | enterprise | 6.8/10 | 7.2/10 | 8.1/10 | 6.0/10 |
| 10 | TrustQuay Cloud-native trust lifecycle management software automating accounting, KYC, and regulatory reporting for trustees handling family trusts. | specialized | 8.1/10 | 8.7/10 | 7.5/10 | 7.8/10 |
Cloud-based trust accounting software tailored for estate planning attorneys managing family trusts, estates, and conservatorships with automated reconciliations and reporting.
Robust fiduciary accounting software providing detailed principal and income ledgers, tax basis tracking, and compliance reports for family trust administration.
Integrated portfolio and partnership accounting platform designed for family offices handling complex multi-entity family trusts and investments.
Comprehensive middle- and back-office solution offering trust accounting, trade reconciliation, and billing for RIAs and family offices managing trusts.
Multi-asset class platform delivering unified data aggregation, analytics, and customizable reporting for complex family trust portfolios.
Full-suite wealth management system with portfolio accounting, performance attribution, and client reporting optimized for family trust oversight.
Advisor technology platform featuring household accounting, composite reporting, and billing tools suitable for managing family trusts.
Scalable portfolio accounting and management software enabling accurate NAV calculations and reporting for trust assets.
End-to-end family office platform with investor accounting, pipeline management, and compliance tools for trust and foundation administration.
Cloud-native trust lifecycle management software automating accounting, KYC, and regulatory reporting for trustees handling family trusts.
TrustBooks
specializedCloud-based trust accounting software tailored for estate planning attorneys managing family trusts, estates, and conservatorships with automated reconciliations and reporting.
Automated three-way reconciliation that instantly verifies bank statements, trust ledgers, and trial balances for bulletproof compliance
TrustBooks is a cloud-based trust accounting software specifically designed for managing family trusts, law firms, and fiduciary accounts with precision and compliance. It automates critical tasks like three-way bank reconciliations, client trust ledgers, and distribution tracking while generating compliant reports for IRS and state regulations. Ideal for family offices, it simplifies complex trust administration, investment tracking, and expense allocations in a secure, scalable platform.
Pros
- Automated three-way reconciliations ensure 100% accuracy in trust balances
- Robust compliance tools tailored for family trusts and IOLTA rules
- Seamless bank feeds and real-time reporting for efficient oversight
Cons
- Higher pricing tiers may be steep for very small family trusts
- Advanced customization requires some initial setup time
- Limited third-party integrations compared to general accounting software
Best For
Family trust administrators, small law firms, and fiduciary advisors handling multiple family trusts who need compliant, automated accounting.
Pricing
Starts at $59/month for basic plan (1 user, limited accounts); scales to $199+/month for unlimited users and advanced features; free trial available.
Computac Trust Accountant
specializedRobust fiduciary accounting software providing detailed principal and income ledgers, tax basis tracking, and compliance reports for family trust administration.
Automated capital account maintenance and beneficiary distribution engine tailored for intricate family trust equity splits
Computac Trust Accountant is a robust, Australia-focused accounting software designed specifically for managing family trusts, offering tools for ledger maintenance, beneficiary tracking, and distribution calculations. It excels in handling complex trust structures with features like capital gains tax compliance, investment portfolio management, and automated reporting for trustees and beneficiaries. The platform supports multi-entity consolidation, making it suitable for accountants overseeing multiple family trusts efficiently.
Pros
- Specialized family trust features like beneficiary equity tracking and distribution waterfalls
- Strong ATO compliance and tax reporting tools
- Seamless multi-trust management and ledger integration
Cons
- Dated user interface requiring some adaptation
- Limited cloud/mobile accessibility (primarily desktop-based)
- Higher cost for solo practitioners
Best For
Accounting firms and trust administrators handling multiple family trusts in Australia who prioritize compliance and detailed reporting.
Pricing
Annual subscription starts at AUD $1,495 per user, with volume discounts for firms; includes updates and support.
FundCount
enterpriseIntegrated portfolio and partnership accounting platform designed for family offices handling complex multi-entity family trusts and investments.
Sophisticated partnership accounting engine for precise allocation modeling across complex family trust structures
FundCount is a comprehensive portfolio accounting platform tailored for family offices, hedge funds, and RIAs, offering robust tools for managing complex trust structures and investment portfolios. It supports multi-currency transactions, partnership accounting, performance measurement, and detailed investor reporting, ideal for family trusts with diverse assets like alternatives and private equity. The software integrates CRM functionality and automates workflows for compliance and reconciliation.
Pros
- Advanced handling of complex allocations, waterfalls, and side pockets
- Integrated CRM and reporting for multi-entity trusts
- Strong multi-asset and multi-currency support
Cons
- Steep learning curve for non-experts
- High implementation and customization costs
- Limited out-of-the-box simplicity for basic trusts
Best For
Family offices managing sophisticated, multi-jurisdictional trust portfolios with alternative investments.
Pricing
Custom enterprise pricing based on AUM, typically starting at $50,000+ annually with setup fees.
Archway
enterpriseComprehensive middle- and back-office solution offering trust accounting, trade reconciliation, and billing for RIAs and family offices managing trusts.
Automated three-way reconciliations that instantly flag discrepancies for unerring trust account compliance
Archway is a robust cloud-based trust accounting software primarily designed for law firms and legal professionals to manage client trust accounts (IOLTA) with a focus on compliance and accuracy. It provides automated three-way reconciliations, real-time reporting, and multi-entity support, making it suitable for handling family trust accounting tasks like fund tracking, distributions, and regulatory adherence. While powerful for fiduciary needs, its legal-centric design requires some adaptation for pure family trust scenarios outside professional services.
Pros
- Automated three-way bank reconciliations ensure compliance and accuracy
- Real-time dashboards and customizable reporting for trust oversight
- Secure cloud platform with role-based access and audit trails
Cons
- Steep learning curve for non-legal users
- Pricing is custom and can be high for smaller family trusts
- Limited native support for investment tracking or non-legal family trust workflows
Best For
Law firms, trust officers, or family offices managing complex fiduciary accounts with strict compliance requirements.
Pricing
Custom enterprise pricing starting around $150/user/month, with annual contracts and setup fees based on firm size and features.
Addepar
enterpriseMulti-asset class platform delivering unified data aggregation, analytics, and customizable reporting for complex family trust portfolios.
Seamless integration and normalization of alternative assets for accurate trust-level performance tracking
Addepar is a robust wealth management platform specializing in portfolio accounting, performance reporting, and analytics for family offices and high-net-worth advisors. It excels at aggregating data from diverse sources, including illiquid alternatives like private equity and real estate, making it suitable for complex family trust accounting. The software provides customizable dashboards, tax reporting, and scenario modeling to support multi-generational wealth management.
Pros
- Exceptional data aggregation across 10,000+ sources for comprehensive trust views
- Advanced analytics for performance attribution and tax optimization in trusts
- Scalable for multi-entity family structures with household-level reporting
Cons
- Steep learning curve and requires dedicated support for setup
- High enterprise-level pricing not ideal for smaller trusts
- Less intuitive interface compared to simpler accounting tools
Best For
Large family offices managing complex, multi-asset trusts with significant illiquid holdings.
Pricing
Custom enterprise pricing based on AUM; typically starts at $100,000+ annually with minimum commitments.
Black Diamond Wealth Platform
enterpriseFull-suite wealth management system with portfolio accounting, performance attribution, and client reporting optimized for family trust oversight.
Unified householding and multi-custodian aggregation for seamless visibility into fragmented family trust holdings
Black Diamond Wealth Platform by SS&C Technologies is a robust, cloud-based wealth management solution designed primarily for registered investment advisors (RIAs) and family offices, offering portfolio accounting, performance reporting, CRM, and client portals. For family trust accounting, it provides strong capabilities in aggregating multi-custodian data, generating detailed reports on assets, income, and distributions, and supporting compliance needs like tax lot accounting. However, it is more advisor-focused than specialized trust administration software, lacking some niche fiduciary accounting features like automated K-1 generation or principal/income ledgers.
Pros
- Excellent multi-custodian data aggregation and reconciliation for complex family portfolios
- Advanced performance attribution and customizable reporting for trust oversight
- Scalable for high-net-worth family offices with householding and billing integration
Cons
- Steep learning curve due to enterprise-level complexity
- High cost may not justify for smaller trusts without full advisor workflow needs
- Limited specialized trust features like beneficiary-specific ledgers or automated fiduciary distributions
Best For
Mid-to-large family offices or RIAs managing complex trust portfolios alongside advisory services.
Pricing
Custom enterprise pricing based on assets under management (AUM), typically starting at $50,000+ annually with per-user fees.
Tamarac
enterpriseAdvisor technology platform featuring household accounting, composite reporting, and billing tools suitable for managing family trusts.
Advanced householding and composite reporting that aggregates multiple trust and non-trust accounts into unified views
Tamarac, now part of Envestnet, is a wealth management platform primarily designed for registered investment advisors (RIAs) and family offices to handle portfolio reporting, performance measurement, billing, and client communication, with capabilities that extend to trust portfolio oversight. It excels in generating customized reports for householded accounts, including those held in family trusts, and integrates with multiple custodians for data aggregation. However, it is not a dedicated trust accounting system and lacks specialized fiduciary accounting features like principal-income allocation or unitization ledgers.
Pros
- Highly customizable reporting and performance analytics for trust portfolios
- Seamless integration with custodians and CRM systems
- Scalable for multi-family office environments
Cons
- Lacks core trust-specific accounting like fiduciary ledgers or tax lot tracking
- Steep learning curve and complex setup
- High cost relative to dedicated trust software
Best For
RIAs and family offices managing investment portfolios within family trusts who prioritize advanced reporting over full fiduciary accounting.
Pricing
Custom enterprise pricing based on assets under management (AUM) and number of users, often starting at $10,000+ annually for mid-sized firms.
Orion Advisor Solutions
enterpriseScalable portfolio accounting and management software enabling accurate NAV calculations and reporting for trust assets.
Advanced household aggregation that unifies family trust and investment accounts into a single, drillable view
Orion Advisor Solutions is a comprehensive wealth management platform designed for financial advisors, offering portfolio accounting, performance reporting, account aggregation, and trading tools. While it supports reporting for various account types including trusts through household grouping and multi-account views, it lacks deep specialization in family trust accounting features like fiduciary compliance, principal-income allocations, or beneficiary distribution tracking. It excels in investment-focused analytics but requires integrations or customizations for robust trust administration.
Pros
- Powerful portfolio performance reporting and analytics
- Seamless custodian data aggregation and household-level views
- Intuitive user interface with mobile accessibility
Cons
- Limited native support for trust-specific fiduciary accounting and compliance
- Pricing scales with AUM, less ideal for small family trusts
- Requires additional tools for complex beneficiary management
Best For
Financial advisors and family offices managing investment portfolios that include trusts alongside other client assets.
Pricing
Subscription-based, typically $10-20 bps on AUM or $5-15 per account/month, with minimums around $10,000-$25,000 annually for enterprise features.
Dynamo Software
enterpriseEnd-to-end family office platform with investor accounting, pipeline management, and compliance tools for trust and foundation administration.
Integrated grant lifecycle management with approval workflows tailored for family foundations
Dynamo Software is a cloud-based CRM platform primarily designed for philanthropy management, donor tracking, and grantmaking, with extensions for family foundations and offices. For family trust accounting, it provides tools for investment portfolio tracking, relationship management, and basic reporting on distributions and endowments. However, it lacks deep fiduciary accounting features like automated reconciliations or trust-specific ledgers, making it more of a complementary tool than a standalone solution.
Pros
- Strong CRM for managing beneficiaries, grantees, and donors
- Customizable dashboards and reporting for philanthropy oversight
- Mobile accessibility and integrations with investment platforms
Cons
- Lacks robust double-entry trust accounting and compliance automation
- Enterprise pricing may not justify limited accounting depth
- Primarily philanthropy-focused, requiring supplements for core fiduciary needs
Best For
Family offices emphasizing philanthropic grantmaking and donor relations over strict trust ledger management.
Pricing
Custom quote-based pricing, typically $5,000–$25,000+ annually depending on users and modules.
TrustQuay
specializedCloud-native trust lifecycle management software automating accounting, KYC, and regulatory reporting for trustees handling family trusts.
Interactive ownership structure visualization for mapping complex family trust hierarchies
TrustQuay is a robust enterprise-grade platform for trust and foundation administration, particularly suited for family offices managing complex family trusts. It provides comprehensive accounting, compliance, KYC/AML, and reporting capabilities with support for multi-currency transactions and multi-entity structures. The software automates workflows, ensures regulatory adherence across jurisdictions, and offers client portals for transparency in family trust management.
Pros
- Advanced multi-currency trust accounting and automated distributions
- Built-in compliance tools for FATCA, CRS, and global regulations
- Scalable for complex family office structures with ownership graphing
Cons
- Steep learning curve due to enterprise-level complexity
- Pricing is opaque and geared toward larger organizations
- Limited out-of-the-box integrations with general accounting tools
Best For
Family offices and professional trust administrators managing high-value, multi-jurisdictional family trusts with regulatory demands.
Pricing
Custom enterprise pricing via quote; modular subscriptions starting around $5,000/month for mid-sized deployments.
Conclusion
When choosing family trust accounting software, TrustBooks stands as the top pick, offering cloud-based automation, reconciliations, and tailored reporting that benefit estate planning attorneys. Computac Trust Accountant follows with robust principal and income tracking, making it ideal for those needing detailed ledgers and compliance tools, while FundCount excels for complex multi-entity trusts with integrated portfolio management. Each tool addresses specific needs, but TrustBooks leads as the most versatile solution for family trust administration.
Explore TrustBooks today to simplify your trust accounting—its intuitive design and automated workflows make it the perfect fit for managing families' legacies with confidence.
Tools Reviewed
All tools were independently evaluated for this comparison
Referenced in the comparison table and product reviews above.