Wealth management reports are only as good as the data that feeds it. According research by Altitude, most RIAs report to use between 4 and 6, or more, distinct technology systems and unfortunately this can be a costly operating model. Disconnected wealth management systems or “siloed tech stacks,” can be extremely costly. On average, advisory firms lose between $250,000 and $800,000 annually due to lost productivity, according to a recent article in Advisor Perspectives reported in 2026. Operational inefficiencies, like when systems are disconnected, and staff is struggling, can bring chaos to an advisory firm, every hour an advisor spends reconciling data is an hour not spent with a client in need.
Key Takeaways
- Wealth management reporting tools should gather, organize and display information
- For RIAs, the greatest cost is often not the wealth management reporting software that the problem, it’s the advisor’s time and energy reconciling disparate systems
- Strad works with your existing technology, in one connected and secure location.
What is Wealth Management Reporting?
Wealth management reporting brings a client’s financial information, including account performance, holdings, fees, and activity across custodians and asset classes, into one view. For RIAs, it provides the foundation for better client meetings, more informed conversations, and more efficient compliance reviews, whether the information is delivered through a dashboard, PDF, or client portal.
What to look for in Wealth Management Reporting?
Does it aggregate data automatically, or does your team reconcile it manually across custodians? Aggregation occurs automatically through our technology integration partners to bring a coordinated view of a household’s information.
Does your reporting communicate data clearly, answer client questions, and connect to the broader client context? Effective reporting displays information, but it should also fill in the gaps, make complex data easier to understand, and help clients see how individual pieces fit into their overall financial picture. A good reporting platform gives advisors the information they need while presenting it in a clear, consumable format clients can understand with little to no hand holding.
Is pricing transparent and predictable, or tied to assets under management? Pricing is tiered, based on number of households under management, not AUM.
Managing wealth has become more complex in the last decade. A $5 million household looks very different today than it did in 2010. $2 million to $20 million is now the most underserved segment in wealth management.
— Jayshil Parikh, VP GTM, Strad
Best 7 Wealth Management Reporting Platforms
At a glance here are the best 7 wealth management reporting platforms and what for:
- Addepar: Best for deep multi-currency portfolio analytics
- Orion: Best for RIAs already inside the Orion ecosystem:
- Strad: Best for new advisors looking to offer a holistic approach to wealth management
- Tamarac: Best for firms wanting reporting bundled with rebalancing and trading:
- Masttro: Best for family offices needing global custodian aggregation
- eMoney Advisor: Best for firms wanting reporting built into a broader wealth management suite:
- Advisor360: Best for firms in the Advisor360 ecosystem wanting reporting tied to their existing stack
Disclaimer on Evaluation of the Wealth Management Platforms
All information in this article is based on publicly available sources and vendor documentation gathered through independent research. We haven't tested every platform listed firsthand. This guide was last updated in October 2026. If you spot anything outdated or inaccurate, let us know here and we'll review it
Quick Comparison Table
| Platform | Best For | Strength | Be Careful Of | AUM-Based Pricing |
|---|---|---|---|---|
| Addepar | RIAs and family offices handling UHNW clients, complex multi-asset portfolios | Powerful data analytics, customizations, and multi-entity reporting | Operational complexity, steep learning curve | Custom, influenced by AUM complexity |
| Orion | RIAs who focus on portfolio reporting, billing + trading and rebalancing + client portal | Broad RIA-focused suite of portfolio accounting, Redtail CRM, trading, planning, compliance and client experience. | Implementation complexities | Custom pricing, TAMP is AUM-based |
| Tamarac | RIAs focusing on portfolio reporting, billing, trading, rebalancing, CRM + client portal | Mature RIA operating platform backed by Envestnet ecosystem | Implementation and configuration complexities | Custom |
| Masttro | Family offices needing global asset visibility | Connects to over 700 custodians and different currencies | RIAs may need additional technologies to support CRM, reporting, etc. | Fixed annual subscription |
| eMoney Advisor | RIAs focusing on financial planning + client portal | Deep planning capabilities | Not a substitute for portfolio management or reporting | Custom |
| Advisor360 | RIAs needing CRM, planning, reporting, trading, and billing + AI, compliance + client portal | Connects CRM, planning, reporting, trading, billing and compliance | Implementation Complexities | Custom, influenced by AUM complexity |
| Strad | RIAs needing an integrated wealth management platform + family office style experience | Sits alongside existing tech stack and includes taxes, insurance, estates | No integrated billing feature, few custodian integrations | Monthly subscription based on number of households served |
Strad is the modern answer to the advisory and client relationship. The platform brings together all the information needed for an advisor to manage a family’s wealth, but also all of the important features to run a busy family’s life.
— Stephanie Abraham, COO, Strad
We now look a bit deeper into each of these wealth management reporting platforms, highlighting their strengths and publicly available limitations
Strad
Strad doesn't compete to be your CRM, financial planning tool, or portfolio management reporting engine, it connects the ones you already have into one common operating picture.
Best for: RIAs that are looking to eliminate the “swivel chair” in their practices by integrating their tech stack in one platform while coordinating with other professional advisors.
3 strengths:
- Supports collaboration among a households CPAs, financial lanners, estate attorneys, and insurance agents
- Includes a households business office and other business interest for a full financial picture
- Centralizes documents, tasks and workflows in a white-labeled client portal
Choose if: Price is a concern, Strad has full functionality at all price levels and does not require additional fees for implementation.
Addepar
Addepar aggregates, normalizes and analyzes investment data across complex portfolios containing securities, private investments, alternatives and layered ownership structures.
Best for: RIAs, family offices and institutional wealth managers overseeing complex, multi-asset portfolios for UHNW clients.
3 strengths:
- Consolidates liquid and illiquid investments
- Supports entity level and ownership reporting
- Offers powerful analytics, customizable reporting, APIs and data-export capabilities.
Choose if: Portfolio and ownership complexity justify an institutional-grade investment data platform.
Orion
Orion combines portfolio accounting, performance reporting, billing, trading, rebalancing and adjacent advisor applications.
Best for: RIAs that want portfolio accounting and investment operations in their tech stack.
3 strengths:
- Combines portfolio accounting, reconciliation, performance reporting and fee billing
- Supports household-level rebalancing, tax management, and multi-custodial trading
- Offers access to Redtail CRM, AI and hundreds of integrations
Choose if: Reporting, billing, and trading need to operate from the same investment data source.
Tamarac
Tamarac, part of the Envestnet ecosystem, combines portfolio reporting, fee billing, trading, rebalancing, CRM and a client portal.
Best for: Established RIAs that want reporting and model-based portfolio management connected within the Envestnet ecosystem.
3 strengths:
- Provides customizable performance reporting, billing, and client-facing dashboards
- Supports model management. Multi-custodial trading and rebalancing
- Integrates Tamarac CRM, and other Envestnet applications
Choose if: Portfolio management and rebalancing are at the center of your practice
Masttro
Masttro is a family office wealth aggregation and reporting platform.
Best for: Family offices needing global asset visibility
3 strengths:
- Connects to over 700 custodians and different currencies
- Automates capital calls, distributions and document processing
- Maps trusts and estates and holdings through its Global Wealth Map
Choose if: You operate a family office of UHNW households with complex assets and ownership structures.
eMoney Advisor
eMoney Advisor is a web-based financial planning and wealth management software used by financial professionals to create detailed, interactive financial plans for their clients.
Best for: Established wealth management firms and RIAs managing high-net-worth clients who need absolute precision.
3 strengths:
- Robust cash flow modeling
- Live Collaborations
- Mature Client Portal & Secure Digital Vault
Choose if: You run a wealth management firm or you are an RIA that prioritizes cash flow based precision.
Advisor360
Advisor360° connects CRB, financial planning, portfolio reporting, trading, billing, onboarding, compliance and client experience.
Best for: Advisory firms seeking to consolidate the advisor workday without giving up access to third-party applications and multiple custodians
3 strengths:
- Connects household, portfolio, and workflow data
- Provides native applications across CRM, planning, reporting, trading and billing
- Supports third-party applications and major custodians
Choose if: Shared data and continuous workflows are more important than maintaining separate technology solutions.
Questions to ask when selecting a wealth management reporting platform
Ask yourself the following:
- If reporting depth on complex, multi-currency portfolios matters most, start with Addepar or Masttro before evaluating anything else.
- If you're already using Orion, Tamarac, or Advisor360 for other workflows, evaluate their native reporting before adding a new tool.
- If your core problem is fragmented systems rather than reporting depth, that's the specific gap Strad is built to close.
FAQs
What is a wealth management reporting platform?
A wealth management reporting platform brings financial information from multiple accounts, custodians, and CRMs into a consolidated view. Instead of relying on spreadsheets or manually gathering data from several applications, advisors can use Strad to monitor assets, evaluate performance, produce client-ready reports, and prepare for meetings more efficiently.
What core features should you look for in a wealth management reporting platform?
Core capabilities to evaluate include:
- Connections with the custodians, CRM, financial-planning software, and other systems your firm already uses
- A consolidated household view of assets, liabilities, financial goals, important documents, business entities, and family relationships
- Customizations for client-facing reports
- A secure, accessible client portal and document vault
- Workflows, task management, and clearly assigned responsibilities
- Permission-based collaboration with other professionals like: CPAs, estate attorneys, and insurance agents
- Strong security controls, encryption, and independently assessed safeguards such as SOC 2 Type 2
- Responsive implementation support and straightforward, predictable pricing
How does Strad’s platform compare with other competitors?
Strad occupies a different position within the advisor’s technology stack. We do not ask firms to abandon established custodial, CRM, planning, or reporting systems. Instead, Strad works alongside those systems as a coordination layer, bringing client information, documents, responsibilities, family relationships, and other professionals into one household-centered environment.
How much should I spend on a wealth management reporting platform?
According to research by Investipal, solo RIAs can expect to spend between $6,000 to $10,000 per year on wealth management platforms.
However, RIAs should understand how pricing may change over time. Be certain to ask whether fees are based on users, households, integrations, features, or AUM. Predictable pricing makes it easier to plan for growth without seeing technology expenses rise simply because client assets increase.
Can AI replace a wealth management reporting platform?
AI can enhance a wealth management platform, but it cannot completely and safely replace the secure infrastructure, reliable data connections, permissions, workflows, and governance that make a wealth management reporting platform dependable. AI is most valuable when it operates within a well-controlled system containing accurate, organized, and appropriately permissioned information.
Why not just use an Excel spreadsheet for my wealth management instead?
Excel can remain a valuable supporting tool. It should not serve as the primary operating environment for a growing advisory firm or a complex family relationship. A wealth management reporting platform provides the structure, security, connectivity, and ongoing context that spreadsheets were never designed to deliver.