Quick Overview
- 1#1: Orion Advisor Tech - Comprehensive portfolio management, performance reporting, trading, and billing platform tailored for RIAs and wealth managers.
- 2#2: SS&C Black Diamond - Scalable wealth management platform providing portfolio accounting, CRM integration, client portals, and advanced reporting.
- 3#3: Envestnet Tamarac - Integrated solution for account rebalancing, trading, compliance, and performance reporting for wealth advisors.
- 4#4: Advyzon - All-in-one platform combining CRM, portfolio management, billing, document storage, and trading for independent advisors.
- 5#5: Altruist - Modern custodian and software platform offering low-cost trading, portfolio management, and operations automation for RIAs.
- 6#6: Wealthbox - Modern CRM designed for financial advisors to streamline client communication, task management, and relationship tracking.
- 7#7: Redtail CRM - Feature-rich CRM with workflow automation, email integration, and compliance tools for financial professionals.
- 8#8: eMoney Advisor - Advanced financial planning software that enables goal-based planning and integrates with wealth platforms for client insights.
- 9#9: Salesforce Financial Services Cloud - Customizable CRM platform for wealth management with client data unification, analytics, and service delivery tools.
- 10#10: RightCapital - Intuitive financial planning tool focused on scenario modeling, retirement projections, and client engagement for advisors.
Tools were evaluated based on core functionality, user-friendliness, reliability, and value, ensuring they meet the high demands of modern wealth professionals seeking both depth and scalability.
Comparison Table
Wealth manager software is critical for efficient client portfolio and business management, with diverse tools to suit varying practice needs. This comparison table highlights leading platforms such as Orion Advisor Tech, SS&C Black Diamond, Envestnet Tamarac, Advyzon, Altruist, and more. Readers will gain insight into key features, usability, and unique strengths to select the right tool for their operations.
| # | Tool | Category | Overall | Features | Ease of Use | Value |
|---|---|---|---|---|---|---|
| 1 | Orion Advisor Tech Comprehensive portfolio management, performance reporting, trading, and billing platform tailored for RIAs and wealth managers. | enterprise | 9.6/10 | 9.8/10 | 8.7/10 | 9.3/10 |
| 2 | SS&C Black Diamond Scalable wealth management platform providing portfolio accounting, CRM integration, client portals, and advanced reporting. | enterprise | 9.2/10 | 9.6/10 | 8.1/10 | 8.7/10 |
| 3 | Envestnet Tamarac Integrated solution for account rebalancing, trading, compliance, and performance reporting for wealth advisors. | enterprise | 8.7/10 | 9.2/10 | 7.8/10 | 8.1/10 |
| 4 | Advyzon All-in-one platform combining CRM, portfolio management, billing, document storage, and trading for independent advisors. | enterprise | 8.7/10 | 9.2/10 | 8.5/10 | 8.3/10 |
| 5 | Altruist Modern custodian and software platform offering low-cost trading, portfolio management, and operations automation for RIAs. | enterprise | 8.7/10 | 9.2/10 | 8.5/10 | 9.5/10 |
| 6 | Wealthbox Modern CRM designed for financial advisors to streamline client communication, task management, and relationship tracking. | specialized | 8.3/10 | 8.0/10 | 9.2/10 | 8.1/10 |
| 7 | Redtail CRM Feature-rich CRM with workflow automation, email integration, and compliance tools for financial professionals. | specialized | 8.3/10 | 8.5/10 | 9.1/10 | 8.7/10 |
| 8 | eMoney Advisor Advanced financial planning software that enables goal-based planning and integrates with wealth platforms for client insights. | specialized | 8.7/10 | 9.2/10 | 7.9/10 | 8.1/10 |
| 9 | Salesforce Financial Services Cloud Customizable CRM platform for wealth management with client data unification, analytics, and service delivery tools. | enterprise | 8.2/10 | 8.8/10 | 7.1/10 | 7.5/10 |
| 10 | RightCapital Intuitive financial planning tool focused on scenario modeling, retirement projections, and client engagement for advisors. | specialized | 8.2/10 | 8.5/10 | 9.0/10 | 7.8/10 |
Comprehensive portfolio management, performance reporting, trading, and billing platform tailored for RIAs and wealth managers.
Scalable wealth management platform providing portfolio accounting, CRM integration, client portals, and advanced reporting.
Integrated solution for account rebalancing, trading, compliance, and performance reporting for wealth advisors.
All-in-one platform combining CRM, portfolio management, billing, document storage, and trading for independent advisors.
Modern custodian and software platform offering low-cost trading, portfolio management, and operations automation for RIAs.
Modern CRM designed for financial advisors to streamline client communication, task management, and relationship tracking.
Feature-rich CRM with workflow automation, email integration, and compliance tools for financial professionals.
Advanced financial planning software that enables goal-based planning and integrates with wealth platforms for client insights.
Customizable CRM platform for wealth management with client data unification, analytics, and service delivery tools.
Intuitive financial planning tool focused on scenario modeling, retirement projections, and client engagement for advisors.
Orion Advisor Tech
enterpriseComprehensive portfolio management, performance reporting, trading, and billing platform tailored for RIAs and wealth managers.
Universal data aggregation from 100+ custodians with householded reporting for a holistic client portfolio view
Orion Advisor Tech is a comprehensive wealth management platform that delivers portfolio accounting, performance reporting, account aggregation, automated rebalancing, billing, and client relationship management tools. It integrates data from over 100 custodians to provide a unified view of client portfolios across multiple accounts and households. Designed for scalability, it supports financial advisors and wealth managers in optimizing operations, enhancing client experiences, and driving growth through advanced analytics and mobile accessibility.
Pros
- Extensive multi-custodian integrations for seamless data aggregation
- Powerful performance reporting and household-level analytics
- Scalable for firms from small RIAs to large enterprises with robust trading and billing automation
Cons
- Steep learning curve for new users due to depth of features
- Higher cost structure may not suit very small advisory practices
- Customization requires technical support for advanced setups
Best For
Enterprise-level wealth management firms and RIAs needing a full-stack platform for portfolio oversight, reporting, and client engagement.
Pricing
Subscription-based pricing starts at around $1.50-$3 per account/month, with tiered enterprise plans and asset-based options for larger AUM.
SS&C Black Diamond
enterpriseScalable wealth management platform providing portfolio accounting, CRM integration, client portals, and advanced reporting.
Real-time multi-custodian data aggregation and householding for unified client portfolio views
SS&C Black Diamond is a comprehensive wealth management platform designed for advisors and firms, offering end-to-end solutions including portfolio accounting, performance reporting, client relationship management (CRM), billing, and trading capabilities. It aggregates data from multiple custodians in real-time, enabling householding of client portfolios and delivery of customized reports and analytics. The platform supports mobile access for advisors and clients, facilitating seamless portfolio monitoring and communication.
Pros
- Robust multi-custodian data aggregation and householding for accurate portfolio views
- Advanced performance analytics and customizable client reporting tools
- Integrated CRM, billing, and trading modules for streamlined operations
Cons
- Steep learning curve due to extensive features and customization options
- High implementation and ongoing costs, especially for smaller firms
- Limited flexibility in user interface customization without developer support
Best For
Mid-to-large wealth management firms and RIAs managing high-net-worth clients with complex, multi-account portfolios.
Pricing
Custom enterprise pricing based on AUM, typically starting at $50,000+ annually for mid-sized firms, with additional fees for implementation and modules.
Envestnet Tamarac
enterpriseIntegrated solution for account rebalancing, trading, compliance, and performance reporting for wealth advisors.
Advanced household-level reporting engine with dynamic, white-labeled client deliverables
Envestnet Tamarac is a robust wealth management platform designed for RIAs and advisory firms, offering integrated portfolio accounting, advanced reporting, automated rebalancing, and billing solutions. It excels in providing household-level performance analytics, customizable client reports, and trade management tools to streamline operations and enhance client communication. As part of the Envestnet ecosystem, it supports seamless data aggregation from multiple custodians and compliance features for scalable growth.
Pros
- Exceptional customizable reporting with household-level views and drill-down analytics
- Powerful automated rebalancing and tax-efficient trading capabilities
- Strong integrations with custodians, CRM systems, and Envestnet's broader platform
Cons
- Steep learning curve due to extensive customization options
- High pricing that may not suit smaller firms
- Client portal lacks some modern mobile responsiveness
Best For
Mid-to-large RIAs and wealth management firms needing enterprise-grade reporting and portfolio management tools.
Pricing
Custom pricing based on AUM or users, typically $10,000+ per month for mid-sized firms with implementation fees.
Advyzon
enterpriseAll-in-one platform combining CRM, portfolio management, billing, document storage, and trading for independent advisors.
Seamless householding that aggregates and reports on entire client families across multiple accounts and custodians
Advyzon is a comprehensive cloud-based platform tailored for wealth managers and financial advisors, integrating CRM, portfolio management, financial planning, billing, reporting, and a secure client portal into a single solution. It enables seamless householding of client accounts, advanced performance reporting, and mobile accessibility to streamline advisor workflows. The software supports integrations with major custodians like Schwab, Fidelity, and Pershing, reducing reliance on disparate tools.
Pros
- All-in-one integration eliminates need for multiple vendors
- Robust client portal with e-signature and document management
- Strong custodian integrations and householding capabilities
Cons
- Steeper learning curve for advanced customization
- Pricing can be high for very small firms
- Some reporting lacks depth compared to specialized tools
Best For
Mid-sized RIAs and wealth management firms seeking a unified platform for operations, reporting, and client engagement.
Pricing
Starts at ~$120 per advisor/month for core features, with tiered plans up to $300+/month including advanced planning and unlimited users; custom enterprise pricing available.
Altruist
enterpriseModern custodian and software platform offering low-cost trading, portfolio management, and operations automation for RIAs.
Democratized direct indexing, making personalized tax-efficient strategies accessible to clients of all sizes without high minimums.
Altruist is an all-in-one custodial and technology platform designed for independent registered investment advisors (RIAs) and wealth managers, offering commission-free trading, portfolio management, rebalancing, reporting, and billing tools. It emphasizes low costs, modern automation, and advanced features like direct indexing and tax-loss harvesting to streamline operations. The platform integrates CRM functionality and provides API access for custom workflows, aiming to compete with legacy custodians like Schwab or Fidelity.
Pros
- Exceptionally low and transparent pricing with zero commissions
- Advanced capabilities like scalable direct indexing and automated tax optimization
- Modern, intuitive interface with strong mobile and API support
Cons
- Relatively new platform with shorter track record than incumbents
- Limited third-party integrations compared to larger custodians
- Primarily focused on U.S. advisors, with fewer global options
Best For
Independent RIAs and wealth managers seeking a cost-effective, tech-driven custodian to scale their practice without high fees.
Pricing
Custody and platform fees start at 25 bps on AUM (tiered down to 10 bps+ at scale); $0 commissions, $0 account minimums.
Wealthbox
specializedModern CRM designed for financial advisors to streamline client communication, task management, and relationship tracking.
Customizable opportunity pipelines that adapt sales CRM functionality for financial advisory deal tracking
Wealthbox is a modern CRM platform tailored for financial advisors and wealth managers, focusing on streamlining client relationships, task management, and workflow automation. It provides contact management, email/calendar syncing, opportunity pipelines, and integrations with tools like Morningstar and RightCapital. While excelling in relationship tracking, it lacks deep portfolio management or advanced analytics found in dedicated wealth management platforms.
Pros
- Intuitive, modern interface with minimal learning curve
- Strong integrations with financial services tools
- Effective task and workflow automation for teams
Cons
- Limited built-in reporting and analytics depth
- No native portfolio performance tracking
- Pricing scales quickly for larger firms
Best For
Wealth managers and advisory firms focused on client relationship management and sales pipelines rather than complex portfolio operations.
Pricing
Starts at $59/user/month (Pro plan, billed annually); $89/user/month (Premium); custom Enterprise pricing.
Redtail CRM
specializedFeature-rich CRM with workflow automation, email integration, and compliance tools for financial professionals.
Extensive ecosystem of financial-specific integrations that automate data syncing across advisory tools
Redtail CRM is a cloud-based customer relationship management platform specifically designed for financial advisors and wealth managers to centralize client data, track interactions, and streamline workflows. It offers tools for task automation, document management, and compliance tracking, with strong mobile accessibility for on-the-go use. The software integrates seamlessly with popular financial planning tools, making it a go-to for relationship-focused advisory practices.
Pros
- Highly intuitive interface with minimal learning curve
- Over 100 integrations with financial tools like eMoney and Morningstar
- Robust compliance and householding features for advisor workflows
Cons
- Limited advanced reporting and analytics compared to enterprise CRMs
- No native portfolio management or trading capabilities
- Customer support response times can vary
Best For
Independent financial advisors or small wealth management firms seeking an affordable, user-friendly CRM for client relationship management.
Pricing
Starts at $99 per user per month for Pro plan; higher tiers like Enterprise at custom pricing, with a limited free version available.
eMoney Advisor
specializedAdvanced financial planning software that enables goal-based planning and integrates with wealth platforms for client insights.
Household Pulse for unified multi-generational and multi-account planning views
eMoney Advisor is a robust wealth management platform that enables financial advisors to build dynamic, interactive financial plans with real-time data aggregation from multiple accounts and custodians. It features advanced analytics like Monte Carlo simulations, goal-based planning, and household-level views to deliver holistic client insights. The software also includes a client portal for self-service engagement, enhancing advisor-client relationships through visualizations and scenario modeling.
Pros
- Comprehensive financial planning with Monte Carlo and stress testing
- Strong client portal for interactive engagement and self-service
- Seamless data aggregation across 14,000+ institutions
Cons
- Steep learning curve for new users
- High pricing for smaller firms
- Limited customization in reporting templates
Best For
Mid-to-large wealth management firms seeking advanced planning tools and client engagement features.
Pricing
Custom enterprise pricing, typically $4,000-$7,000 per advisor annually plus implementation fees.
Salesforce Financial Services Cloud
enterpriseCustomizable CRM platform for wealth management with client data unification, analytics, and service delivery tools.
Household Management, enabling advisors to aggregate and manage multi-generational family wealth in a single unified view
Salesforce Financial Services Cloud is a robust CRM platform built on the Salesforce ecosystem, specifically tailored for financial services including wealth management. It provides tools for client relationship management, householding to view family wealth holistically, goal-based planning, compliance tracking, and risk assessment. Leveraging AI through Einstein, it delivers actionable insights while integrating seamlessly with other Salesforce products for a unified advisor experience.
Pros
- Comprehensive 360-degree client and household views for holistic wealth management
- Strong compliance, regulatory reporting, and risk management tools
- AI-powered insights via Einstein for personalized advice and predictions
Cons
- Steep learning curve and complex initial setup requiring expertise
- High cost, especially for smaller firms or those not needing full enterprise scale
- Primarily CRM-focused, may require add-ons for advanced portfolio analytics
Best For
Enterprise-level wealth management firms needing scalable CRM with deep financial services integrations and compliance features.
Pricing
Custom enterprise pricing, typically $300-$500 per user per month plus implementation fees and add-ons.
RightCapital
specializedIntuitive financial planning tool focused on scenario modeling, retirement projections, and client engagement for advisors.
Dynamic household cash flow modeling with decumulation planning
RightCapital is a cloud-based financial planning software designed for wealth managers and financial advisors, specializing in retirement, cash flow, and decumulation planning. It provides interactive tools for scenario modeling, Social Security optimization, tax projections, and Monte Carlo simulations to create engaging client plans. The platform emphasizes visualizations and a client portal for collaborative planning experiences.
Pros
- Intuitive, modern interface with excellent visualizations
- Strong retirement and Social Security optimization tools
- Robust client portal for interactive plan sharing
Cons
- Pricing can be steep for solo advisors or small firms
- Limited advanced portfolio management and rebalancing features
- Fewer CRM and custodian integrations than top competitors
Best For
Wealth managers focused on retirement planning who prioritize ease of use and client engagement over deep portfolio analytics.
Pricing
Starts at $125/month per advisor (Essentials plan), with Pro ($165/month) and Enterprise tiers available; annual discounts apply.
Conclusion
Evaluating wealth manager software reveals Orion Advisor Tech as the top choice, boasting comprehensive tools for portfolio management, reporting, trading, and billing tailored for RIAs. SS&C Black Diamond and Envestnet Tamarac excel as strong alternatives: SS&C for scalable, all-inclusive solutions, and Envestnet for seamless integration of rebalancing, compliance, and reporting. Each tool addresses unique needs, ensuring the best pick aligns with specific practice requirements.
Take the next step in elevating your practice by trying Orion Advisor Tech—its robust features can help streamline operations, enhance client engagement, and solidify your position as a top-tier advisor.
Tools Reviewed
All tools were independently evaluated for this comparison