Quick Overview
- 1#1: SEI Trust 3000 - Comprehensive enterprise platform for trust administration, accounting, compliance reporting, and client servicing in financial institutions.
- 2#2: SS&C WealthServ - Integrated wealth and trust management solution offering accounting, portfolio management, and regulatory reporting for advisors and institutions.
- 3#3: TrustQuay - Cloud-native platform automating trust, fund administration, depositary services, and compliance workflows.
- 4#4: FIS Advanced Trust Solutions - Robust trust accounting and operations software supporting complex trust structures, tax reporting, and agency services.
- 5#5: Temenos Wealth - Modular wealth management suite with advanced trust administration, onboarding, and digital client experience capabilities.
- 6#6: Avaloq Wealth - End-to-end wealth management platform including trust services, core banking, and KYC/AML compliance tools.
- 7#7: Infovisa Matisse - Trust operations and accounting software designed for mid-sized banks with focus on efficiency and regulatory adherence.
- 8#8: Jack Henry ProfitStars Trust Accounting - Scalable trust accounting solution for community financial institutions handling daily processing and reporting.
- 9#9: Objectway Wealth Platform - Digital wealthtech platform supporting trust administration, portfolio modeling, and client relationship management.
- 10#10: Envestnet Tamarac - Wealth management platform with trust reporting, rebalancing, and performance analytics for advisors.
We ranked these tools by evaluating comprehensive feature sets (accounting, compliance, portfolio management), user-friendliness, and value proposition, ensuring they meet the needs of both large institutions and mid-sized organizations, from end-to-end platforms to specialized trust accounting solutions.
Comparison Table
Trust management software is essential for efficiently managing complex trust operations, and this comparison table examines key tools such as SEI Trust 3000, SS&C WealthServ, TrustQuay, FIS Advanced Trust Solutions, Temenos Wealth, and more. Readers will discover critical details like features, capabilities, and suitability, helping them choose tools aligned with specific operational needs.
| # | Tool | Category | Overall | Features | Ease of Use | Value |
|---|---|---|---|---|---|---|
| 1 | SEI Trust 3000 Comprehensive enterprise platform for trust administration, accounting, compliance reporting, and client servicing in financial institutions. | enterprise | 9.7/10 | 9.8/10 | 8.4/10 | 9.2/10 |
| 2 | SS&C WealthServ Integrated wealth and trust management solution offering accounting, portfolio management, and regulatory reporting for advisors and institutions. | enterprise | 9.2/10 | 9.6/10 | 8.4/10 | 8.9/10 |
| 3 | TrustQuay Cloud-native platform automating trust, fund administration, depositary services, and compliance workflows. | enterprise | 8.7/10 | 9.2/10 | 7.9/10 | 8.4/10 |
| 4 | FIS Advanced Trust Solutions Robust trust accounting and operations software supporting complex trust structures, tax reporting, and agency services. | enterprise | 8.2/10 | 9.1/10 | 7.4/10 | 7.8/10 |
| 5 | Temenos Wealth Modular wealth management suite with advanced trust administration, onboarding, and digital client experience capabilities. | enterprise | 8.2/10 | 9.1/10 | 7.4/10 | 7.8/10 |
| 6 | Avaloq Wealth End-to-end wealth management platform including trust services, core banking, and KYC/AML compliance tools. | enterprise | 8.2/10 | 9.0/10 | 7.4/10 | 7.1/10 |
| 7 | Infovisa Matisse Trust operations and accounting software designed for mid-sized banks with focus on efficiency and regulatory adherence. | enterprise | 8.1/10 | 8.7/10 | 7.2/10 | 7.8/10 |
| 8 | Jack Henry ProfitStars Trust Accounting Scalable trust accounting solution for community financial institutions handling daily processing and reporting. | enterprise | 8.1/10 | 8.5/10 | 7.6/10 | 7.9/10 |
| 9 | Objectway Wealth Platform Digital wealthtech platform supporting trust administration, portfolio modeling, and client relationship management. | enterprise | 7.6/10 | 7.8/10 | 7.5/10 | 7.2/10 |
| 10 | Envestnet Tamarac Wealth management platform with trust reporting, rebalancing, and performance analytics for advisors. | enterprise | 7.8/10 | 8.4/10 | 7.2/10 | 7.0/10 |
Comprehensive enterprise platform for trust administration, accounting, compliance reporting, and client servicing in financial institutions.
Integrated wealth and trust management solution offering accounting, portfolio management, and regulatory reporting for advisors and institutions.
Cloud-native platform automating trust, fund administration, depositary services, and compliance workflows.
Robust trust accounting and operations software supporting complex trust structures, tax reporting, and agency services.
Modular wealth management suite with advanced trust administration, onboarding, and digital client experience capabilities.
End-to-end wealth management platform including trust services, core banking, and KYC/AML compliance tools.
Trust operations and accounting software designed for mid-sized banks with focus on efficiency and regulatory adherence.
Scalable trust accounting solution for community financial institutions handling daily processing and reporting.
Digital wealthtech platform supporting trust administration, portfolio modeling, and client relationship management.
Wealth management platform with trust reporting, rebalancing, and performance analytics for advisors.
SEI Trust 3000
enterpriseComprehensive enterprise platform for trust administration, accounting, compliance reporting, and client servicing in financial institutions.
Advanced exception-based processing engine that automates 95%+ of daily trust accounting tasks while flagging anomalies for review
SEI Trust 3000 is a comprehensive trust administration platform from SEI Investments, designed specifically for banks, trust companies, and wealth managers handling trusts, estates, and agency accounts. It delivers automated daily accounting, income tax reporting, regulatory compliance, client servicing, and advanced portfolio analytics in a scalable, integrated system. Widely used by top-tier institutions, it supports high-volume processing with robust data management and exception-based workflows to enhance efficiency and accuracy.
Pros
- Exceptional scalability for high-volume trust portfolios
- Integrated compliance and tax reporting tools reduce manual errors
- Seamless data integration with custodians and third-party systems
Cons
- Steep learning curve for new users due to complex enterprise features
- Custom pricing can be prohibitive for smaller firms
- Heavy reliance on SEI support for advanced customizations
Best For
Large financial institutions and trust companies managing complex, high-value trust portfolios with stringent regulatory needs.
Pricing
Enterprise-level custom pricing, typically starting at $500K+ annually based on assets under administration and user seats; contact SEI for quotes.
SS&C WealthServ
enterpriseIntegrated wealth and trust management solution offering accounting, portfolio management, and regulatory reporting for advisors and institutions.
Sophisticated principal-and-income accounting engine with automated allocation for complex trust distributions and generations
SS&C WealthServ is a robust, enterprise-grade wealth management platform tailored for trust administration and management. It offers comprehensive trust accounting, portfolio management, compliance monitoring, advanced reporting, and client servicing tools to handle complex trust structures efficiently. Designed for financial institutions, it integrates investment data, tax reporting, and regulatory workflows to streamline operations for trust officers and wealth advisors.
Pros
- Highly scalable for large portfolios and complex trusts
- Advanced compliance and regulatory reporting tools
- Seamless integration with custodians and third-party systems
Cons
- Steep learning curve for new users
- Lengthy and costly implementation process
- Premium pricing may deter smaller firms
Best For
Large trust companies and wealth management firms managing high-net-worth clients with intricate, multi-jurisdictional trusts.
Pricing
Custom enterprise pricing, typically $100,000+ annually based on AUM, users, and modules; quotes available upon request.
TrustQuay
enterpriseCloud-native platform automating trust, fund administration, depositary services, and compliance workflows.
Integrated digital workspace (QuayNote) for collaborative entity management and real-time compliance monitoring
TrustQuay, part of the FNZ Group, is a cloud-based SaaS platform specializing in trust, company, and foundation administration for corporate service providers and trust companies. It streamlines entity lifecycle management, compliance workflows (including AML/KYC), client onboarding, and reporting with automated tools and a digital client portal. Designed for complex international structures, it supports scalability for high-volume operations in offshore jurisdictions.
Pros
- Comprehensive entity management and workflow automation
- Strong compliance and regulatory reporting tools
- Scalable SaaS architecture with client self-service portal
Cons
- Steep learning curve for new users
- Custom pricing lacks transparency for smaller firms
- Limited out-of-box integrations with non-core accounting systems
Best For
Mid-to-large corporate service providers and trust companies managing high volumes of international entities and compliance-heavy portfolios.
Pricing
Enterprise SaaS model with custom quotes; typically starts at $5,000+/month based on users and entities, plus implementation fees.
FIS Advanced Trust Solutions
enterpriseRobust trust accounting and operations software supporting complex trust structures, tax reporting, and agency services.
Advanced multi-entity trust accounting with real-time scenario modeling and tax lot optimization
FIS Advanced Trust Solutions is a robust enterprise-grade platform for trust administration, accounting, and compliance, tailored for banks, trust companies, and wealth managers handling complex fiduciary portfolios. It provides end-to-end functionality including investment accounting, tax reporting, document generation, and regulatory compliance tools. The software excels in scalability for high-volume operations and integrates with broader FIS financial ecosystems for seamless data flow.
Pros
- Comprehensive support for complex trust structures and multi-asset accounting
- Strong regulatory compliance and automated tax reporting capabilities
- Seamless integration with FIS's broader wealth management suite
Cons
- Steep learning curve and complex implementation for smaller firms
- High cost structure suited more for large enterprises
- Limited flexibility for custom workflows without professional services
Best For
Large financial institutions and trust companies managing high-volume, complex fiduciary accounts with stringent compliance needs.
Pricing
Custom enterprise pricing; typically starts at $100,000+ annually based on modules, users, and assets under management—contact FIS for quote.
Temenos Wealth
enterpriseModular wealth management suite with advanced trust administration, onboarding, and digital client experience capabilities.
Open API architecture for deep integration across wealth, banking, and trust workflows
Temenos Wealth is a comprehensive, enterprise-grade wealth management platform from Temenos that includes specialized modules for trust administration, accounting, and compliance. It enables wealth managers and trust departments to handle complex trust structures, beneficiary management, portfolio oversight, and regulatory reporting within a unified digital ecosystem. Designed for scalability, it integrates with core banking systems and leverages AI for insights, making it suitable for high-volume trust operations in financial institutions.
Pros
- Robust trust accounting and automated compliance reporting for complex trusts
- Seamless integration with banking cores and third-party systems
- AI-powered analytics and digital client portals for enhanced efficiency
Cons
- High cost and lengthy implementation suited only for large enterprises
- Steep learning curve due to extensive customization options
- Less intuitive for small trust firms without dedicated IT support
Best For
Large banks and wealth management firms managing high-value, complex trusts and estates at scale.
Pricing
Custom enterprise licensing with subscription fees starting at $100,000+ annually, plus significant implementation costs.
Avaloq Wealth
enterpriseEnd-to-end wealth management platform including trust services, core banking, and KYC/AML compliance tools.
Integrated Core21 platform for end-to-end fiduciary processing with real-time regulatory compliance automation
Avaloq Wealth is a comprehensive, enterprise-grade wealth management platform designed primarily for private banks and wealth managers, offering modular solutions for core banking, portfolio management, and fiduciary services including trust administration. It enables handling of complex trust structures, compliance with regulatory requirements, and automated reporting for high-net-worth clients. While robust for institutional use, it adapts trust management through customizable workflows and integration with broader wealth processes.
Pros
- Highly scalable for large institutions with strong integration across front-to-back office
- Advanced compliance and risk management tools tailored for fiduciary services
- Modular architecture allows customization for complex trust scenarios
Cons
- Steep learning curve and implementation time due to enterprise complexity
- Premium pricing makes it less accessible for smaller trust firms
- Less specialized in pure trust administration compared to niche providers
Best For
Large private banks and wealth management firms managing high-volume, complex trusts for ultra-high-net-worth clients.
Pricing
Custom enterprise licensing, typically starting at $500K+ annually depending on modules and users, often SaaS or on-premise.
Infovisa Matisse
enterpriseTrust operations and accounting software designed for mid-sized banks with focus on efficiency and regulatory adherence.
Advanced householding and relationship management for consolidated views across multiple accounts and beneficiaries
Infovisa Matisse is a robust trust accounting and portfolio management platform tailored for financial institutions managing trusts and high-net-worth client assets. It streamlines trust administration, compliance reporting, billing, and performance analytics with seamless integration to custodians and core banking systems. Designed for scalability, it supports complex householding and tax lot management, making it suitable for mid-to-large trust operations.
Pros
- Comprehensive compliance and regulatory reporting tools
- Scalable for large portfolios with strong householding capabilities
- Deep integrations with custodians and trading platforms
Cons
- Steep learning curve due to complex interface
- High implementation and customization costs
- Limited flexibility for smaller firms without dedicated IT support
Best For
Mid-to-large banks and trust companies handling complex, high-volume trust portfolios requiring enterprise-grade compliance.
Pricing
Custom enterprise pricing via quote; typically starts at $50,000+ annually plus implementation fees.
Jack Henry ProfitStars Trust Accounting
enterpriseScalable trust accounting solution for community financial institutions handling daily processing and reporting.
Automated exception management and workflow automation for trust operations
Jack Henry ProfitStars Trust Accounting is a robust, enterprise-grade solution tailored for financial institutions managing trust departments. It handles core functions like account reconciliation, investment tracking, income distribution, and regulatory compliance reporting. Seamlessly integrated with Jack Henry's broader banking platform, it supports scalable operations for banks and credit unions handling complex trust portfolios.
Pros
- Strong regulatory compliance and automated reporting capabilities
- Seamless integration with Jack Henry core banking and investment systems
- Scalable for mid-to-large financial institutions with high-volume trust accounts
Cons
- Steep learning curve and implementation time for new users
- Pricing can be prohibitive for smaller trust departments
- Limited flexibility for non-standard customizations
Best For
Mid-sized banks and credit unions already using Jack Henry products that need reliable, integrated trust accounting.
Pricing
Custom enterprise pricing via quote; typically annual subscriptions starting at $50,000+ based on assets under management and user seats.
Objectway Wealth Platform
enterpriseDigital wealthtech platform supporting trust administration, portfolio modeling, and client relationship management.
Dynamic model portfolio engine with automated rebalancing tailored for complex, multi-currency trust investments
Objectway Wealth Platform is an end-to-end digital wealth management solution that supports portfolio construction, rebalancing, client reporting, and compliance for wealth advisors and private banks. For trust management, it provides robust tools for multi-asset portfolio oversight, risk analytics, and automated workflows suitable for trust assets. While not exclusively focused on trusts, it integrates CRM and advisory features to facilitate trust administration alongside broader wealth services. The platform emphasizes scalability for institutional users handling complex fiduciary responsibilities.
Pros
- Comprehensive portfolio management and rebalancing for trust assets
- Advanced client reporting and digital portals
- Strong compliance and regulatory reporting tools
Cons
- Lacks deep specialized trust accounting (e.g., beneficiary distributions, fiduciary tax specifics)
- Enterprise-level pricing may not suit small trust departments
- Lengthy implementation and customization process
Best For
Wealth management firms and private banks managing trust portfolios within larger investment advisory operations.
Pricing
Custom enterprise pricing upon request, typically based on AUM, users, and modules; starts around €50,000+ annually for mid-sized deployments.
Envestnet Tamarac
enterpriseWealth management platform with trust reporting, rebalancing, and performance analytics for advisors.
Institutional-grade customizable reporting engine with household-level aggregation
Envestnet Tamarac is a robust wealth management platform designed for financial advisors and RIAs, offering portfolio accounting, performance reporting, trading, and automated rebalancing capabilities. It supports complex client portfolios, including trusts, with multi-custodian integration and detailed compliance tools. While strong in investment management, it provides solid but not specialized trust administration features like income allocation and fiduciary reporting.
Pros
- Comprehensive reporting and analytics for trust portfolios
- Seamless multi-custodian reconciliation
- Automated trading and model rebalancing
Cons
- Steep learning curve for non-technical users
- Pricing tied to AUM can be costly for smaller firms
- Less specialized in advanced trust accounting compared to dedicated solutions
Best For
RIAs and advisors managing mid-to-large trust portfolios who prioritize reporting and portfolio efficiency over deep fiduciary accounting.
Pricing
AUM-based pricing, typically 10-25 basis points with volume discounts; minimum fees apply for smaller accounts.
Conclusion
The top trust management tools offer diverse strengths, but the landscape is defined by the top three: SEI Trust 3000 leads with its comprehensive enterprise focus, SS&C WealthServ impresses with integrated wealth and trust capabilities, and TrustQuay stands out for cloud-native automation. Together, they set high standards, with SEI Trust 3000 emerging as the ultimate choice for holistic trust administration, accounting, compliance, and client servicing.
Ready to elevate your trust management? Start with SEI Trust 3000 to experience its end-to-end capabilities, or explore SS&C WealthServ and TrustQuay based on your specific operational or institutional needs—each delivering robust solutions to streamline workflows and stay ahead in compliance.
Tools Reviewed
All tools were independently evaluated for this comparison