Managing money wisely has become more data-driven and personalized than ever. Over 60% of high-net-worth individuals now use some form of digital financial advisory tool, and the global wealth tech market is expected to surpass $30 billion by 2026. With new tools emerging to track investments, automate tax strategies, and offer personalized financial insights, choosing the right software for wealth management can make a measurable impact on your long-term goals. Whether you’re building your portfolio solo or managing clients as a professional advisor, having the right digital assistant by your side is no longer optional—it’s essential. But which platforms actually deliver value and usability? Let’s explore the top 10 tools that are leading the charge in 2025.
What Is Software for Wealth Management?
Software for wealth management is a digital tool designed to help individuals and financial professionals track, grow, and manage their financial assets. These platforms typically combine a suite of features like portfolio tracking, investment analysis, retirement planning, tax optimization, and financial goal setting. Some are geared toward high-net-worth individuals and advisors, while others are tailored for everyday users who want a clear view of their financial future.
Most modern wealth management tools offer real-time data syncing with bank accounts, investment portfolios, and retirement funds. They provide visual dashboards, forecasting models, and actionable insights—making it easier to make smart decisions without needing a degree in finance. Whether you’re managing personal assets or helping clients build theirs, the right software can save time, reduce risks, and increase returns.
How to Choose the Right Wealth Management Tool
When selecting the best software for wealth management, start by identifying your financial goals. Are you managing your own portfolio, planning for retirement, or overseeing clients’ assets? Tools vary widely—some excel at investment tracking, others specialize in tax optimization or estate planning. Choose software that aligns with your specific use case.
Next, evaluate ease of use, integration options, and security. A good wealth management platform should connect with your bank, brokerage, and retirement accounts in real time, provide intuitive dashboards, and offer robust data encryption. Also, consider pricing—while some tools are free with basic features, premium plans often unlock advanced analytics, automated rebalancing, and financial advisory support. Your ideal tool should strike a balance between functionality and value.
The Best Software for Wealth Management
1. Empower (formerly Personal Capital) – Web, iOS, Android
Best for: Individuals seeking comprehensive financial tracking and planning.
Pros:
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Aggregates multiple financial accounts for a holistic view.
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Offers robust retirement planning tools.
Cons:
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Limited investment management features compared to dedicated platforms.
Empower provides a user-friendly interface that consolidates your financial accounts, including bank, investment, and retirement accounts, into one dashboard. Its tools help you track spending, plan for retirement, and analyze investment fees. While it offers some investment tracking, it’s primarily geared towards financial planning and budgeting.
Pricing: Free for basic features; advisory services available for a fee.
Ideal for: Individuals looking for an all-in-one financial planning tool.
2. Betterment – Web, iOS, Android
Best for: Investors preferring automated, goal-based investing.
Pros:
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Automated portfolio management with tax optimization.
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Personalized financial advice available.
Cons:
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Less control over individual investment choices.
Betterment is a robo-advisor that automates investing based on your financial goals and risk tolerance. It offers features like tax-loss harvesting, automatic rebalancing, and personalized advice. It’s ideal for those who prefer a hands-off approach to investing.
Pricing: 0.25% annual fee for digital plan; 0.40% for premium plan with additional features.
Ideal for: Investors seeking automated, low-cost investment management.
3. Aladdin Wealth by BlackRock – Web
Best for: Financial advisors needing advanced portfolio analytics.
Pros:
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Comprehensive risk analytics and portfolio management tools.
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Integrates with various financial platforms.
Cons:
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Primarily designed for institutional use; may be complex for individual investors.
Aladdin Wealth offers sophisticated tools for portfolio construction, risk analysis, and performance attribution. It’s widely used by financial institutions to manage client portfolios and assess risk exposures.
Pricing: Custom pricing based on institutional needs.
Ideal for: Financial advisors and institutions requiring advanced analytics.
4. Addepar – Web
Best for: High-net-worth individuals and family offices.
Pros:
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Consolidates complex portfolios across various asset classes.
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Real-time performance reporting.
Cons:
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May be cost-prohibitive for smaller investors.
Addepar specializes in aggregating and analyzing complex investment portfolios, including alternative assets. Its platform provides detailed reporting and insights, making it a favorite among wealth managers and family offices.
Pricing: Custom pricing based on client needs.
Ideal for: Wealth managers handling complex, multi-asset portfolios.
5. Masttro – Web
Best for: Family offices seeking comprehensive wealth management solutions.
Pros:
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Integrates financial and non-financial assets.
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Offers customizable reporting and dashboards.
Cons:
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Implementation may require significant time and resources.
Masttro provides a holistic view of wealth by integrating both financial and non-financial assets, such as art or real estate. Its platform offers customizable reporting, secure document storage, and data aggregation.
Pricing: Custom pricing based on services required.
Ideal for: Family offices needing a comprehensive wealth overview.
Also Read: 10 Best Software for Billing and Invoicing in 2025
6. SS&C Black Diamond – Web
Best for: Financial advisors focusing on client experience.
Pros:
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Client-centric dashboards and reporting.
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Integrates with various CRM and financial planning tools.
Cons:
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May require training to utilize all features effectively.
SS&C Black Diamond offers a platform that enhances client engagement through personalized dashboards and reporting. It integrates with numerous tools, allowing advisors to streamline operations and focus on client relationships.
Pricing: Custom pricing based on firm size and needs.
Ideal for: Advisors aiming to improve client experience and operational efficiency.
7. FinFolio – Web
Best for: Investment advisors seeking an all-in-one back-office solution.
Pros:
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Comprehensive suite including billing, trading, and reporting.
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Customizable client portals.
Cons:
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Interface may not be as modern as some competitors.
FinFolio offers a unified platform for investment advisors, covering portfolio management, billing, trading, and reporting. Its customizable client portals enhance transparency and communication.
Pricing: Custom pricing based on features and user count.
Ideal for: Advisors looking for an integrated back-office platform.
8. RightCapital – Web
Best for: Financial planners focusing on retirement and tax planning.
Pros:
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Interactive retirement planning tools.
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Tax-efficient distribution strategies.
Cons:
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Limited investment management capabilities.
RightCapital provides financial planners with tools to create detailed retirement plans, analyze tax implications, and model various financial scenarios. It’s particularly useful for advisors focusing on retirement planning.
Pricing: Subscription-based; pricing varies based on features.
Ideal for: Financial planners emphasizing retirement and tax strategies.
9. eMoney Advisor – Web
Best for: Advisors needing robust financial planning and client portals.
Pros:
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Comprehensive financial planning tools.
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Secure client portals for document sharing and communication.
Cons:
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May be more expensive than other planning tools.
eMoney Advisor offers a suite of financial planning tools, including cash flow analysis, goal tracking, and client portals. Its platform enhances collaboration between advisors and clients.
Pricing: Subscription-based; pricing varies based on features.
Ideal for: Advisors seeking a collaborative planning experience with clients.
10. Morningstar Advisor Workstation – Web
Best for: Advisors requiring in-depth investment research and analysis.
Pros:
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Extensive investment research and analytics.
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Portfolio construction and monitoring tools.
Cons:
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Primarily focused on investment analysis; limited planning features.
Morningstar Advisor Workstation provides advisors with comprehensive investment research, portfolio analysis, and monitoring tools. It’s ideal for those who prioritize investment selection and analysis.
Pricing: Subscription-based; pricing varies based on features.
Ideal for: Advisors focused on investment research and portfolio construction.
Which Wealth Management Software Is Best for You?
Choosing the best software for wealth management comes down to your financial situation, goals, and how hands-on you want to be. If you’re a DIY investor looking for detailed analytics and real-time portfolio tracking, platforms like Empower or Personal Capital may be ideal. They offer rich insights and intuitive dashboards that help you make smarter decisions without needing a financial advisor.
On the other hand, if you’re managing client portfolios or need advanced features like tax-loss harvesting, estate planning, or robo-advisory support, a more comprehensive tool like eMoney Advisor or RightCapital might be a better fit. For those who value simplicity and want a mobile-first experience, tools like Wealthfront or Betterment are built to deliver smart automation with minimal effort.
Ultimately, the best wealth management software is the one that fits into your workflow, supports your financial goals, and grows with you over time.
Final Thoughts on Choosing Wealth Management Software
Finding the right software for wealth management isn’t just about picking the flashiest dashboard or most features—it’s about alignment with your financial journey. Whether you’re investing for personal growth, managing a family’s future, or advising clients, the right tool should simplify decisions, not complicate them.
Look for platforms that offer clarity, automation, and trustworthy insights. Think about how the software fits into your routine: Do you prefer real-time tracking? Do you need tax or retirement planning support? Are client reports or compliance a concern? These small details can make a big difference in the long run.
As your finances grow more complex, your tools should grow with you. The ideal wealth management software is the one that feels less like an app and more like a partner—one that empowers you to build, protect, and optimize your wealth with confidence.
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