Family Office Software Features

Essential Family Office Software Capabilities

Discover the 79 essential features and capabilities that define modern family office software solutions. Each feature includes detailed explanations, implementation insights, and vendor comparisons.

Consolidated Reporting

Multi-entity Consolidation

Combine data from multiple family entities or trusts into a single consolidated view.

High Priority Medium Complexity
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Public & Private Asset Reporting

Track both liquid market securities and illiquid private investments.

High Priority Medium Complexity
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Look-through Structures

Enable nested or tiered entity transparency in consolidated reports.

Medium Priority High Complexity
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Custom Dashboards & KPIs

User-defined visualizations and key performance indicators.

Medium Priority Low Complexity
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PDF and Interactive Exports

Support both printable and web-based report formats.

Medium Priority Low Complexity
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Real-time vs Batch Reports

Option to display live data or generate scheduled static reports.

Medium Priority Medium Complexity
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Drill-down Capabilities

Click into aggregated values to explore transaction-level details.

Medium Priority Low Complexity
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GIPS-compliant Reporting

Ensure reports meet Global Investment Performance Standards.

Low Priority High Complexity
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Portfolio Management

Position-level Aggregation

View detailed holdings across all accounts and asset types.

High Priority Medium Complexity
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Performance Attribution

Break down returns by source using time- and money-weighted metrics.

High Priority High Complexity
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Asset Allocation Models

Define and monitor strategic and tactical allocation targets.

High Priority Medium Complexity
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Rebalancing Tools

Support for portfolio rebalancing to target allocations.

Medium Priority Medium Complexity
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Liquidity Analysis

Understand asset liquidity profiles and cash availability.

High Priority Medium Complexity
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ESG/Impact Tagging

Track environmental, social, and governance metrics.

Medium Priority Low Complexity
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Benchmarking

Compare portfolio performance against custom or standard benchmarks.

High Priority Medium Complexity
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Scenario Modeling

Test hypothetical outcomes using what-if simulations.

Medium Priority High Complexity
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Accounting & General Ledger

General Ledger

Double-entry accounting system with audit-ready trails.

High Priority High Complexity
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Fund / Partnership Accounting

Track capital contributions, distributions, and partner allocations.

Medium Priority High Complexity
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Accrual- and Cash-based Support

Flexible accounting methods for different use cases.

High Priority Medium Complexity
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Accounts Payable & Receivable

Manage incoming and outgoing payments.

High Priority Medium Complexity
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Expense Allocation

Distribute costs across multiple family members or entities.

High Priority Medium Complexity
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Intercompany Transactions

Account for loans or investments between family entities.

Medium Priority High Complexity
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Reconciliations

Match internal records with custodians and banks.

High Priority Medium Complexity
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Audit Trail & Permissions

Track changes and control who can do what.

High Priority Medium Complexity
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Data Aggregation & Feeds

Custodian and Bank Integrations

Automated data feeds from financial institutions.

High Priority High Complexity
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Manual Bulk Upload

Spreadsheet or CSV import tools for manual data input.

Medium Priority Low Complexity
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Document Scraping / OCR

Extract structured data from PDF statements or invoices.

Medium Priority High Complexity
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Data Cleaning & Standardization

Normalize data formats and naming conventions.

High Priority Medium Complexity
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API Integrations

Connect with third-party platforms for real-time sync.

High Priority High Complexity
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Feed Health Monitoring

Alerts when data connections break or lag.

Medium Priority Medium Complexity
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Multi-currency Support

Convert and report across different currencies with FX rates.

High Priority Medium Complexity
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Client Portal & Engagement

White-labeled Client Portal

Custom-branded online access for family members or advisors.

Medium Priority Medium Complexity
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Mobile Access

Responsive design or native apps for mobile use.

Medium Priority Medium Complexity
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Role-based Views

Tailored access by stakeholder type (Principal, Trustee, etc.).

High Priority Medium Complexity
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Secure Document Sharing

Encrypted file vault for legal, financial, and estate documents.

High Priority Medium Complexity
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Digital Signatures

Enable signing of investment approvals or resolutions.

Medium Priority Medium Complexity
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Alerts and Notifications

Trigger-based updates via email or portal.

Medium Priority Low Complexity
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Performance Summaries

At-a-glance overviews of wealth and investments.

High Priority Low Complexity
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CRM & Relationship Management

Contact and Relationship Tracking

Maintain records of individuals, advisors, and service providers.

High Priority Medium Complexity
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Family Tree & Org Charts

Visualize relationships within the family and related entities.

Medium Priority Low Complexity
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Task and Workflow Assignment

Assign follow-ups, renewals, and recurring tasks to internal teams.

Medium Priority Medium Complexity
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Notes and Email Integration

Sync communications and add relationship insights directly into CRM.

Medium Priority Medium Complexity
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KYC/AML Recordkeeping

Track due diligence status and compliance documentation.

High Priority High Complexity
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Advisor and Provider Mapping

Log external relationships such as legal, tax, and investment advisors.

Medium Priority Low Complexity
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Event-driven Alerts

Receive reminders based on dates, contract expirations, or key events.

Medium Priority Low Complexity
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Risk & Compliance

Risk Scoring

Evaluate exposure across market, credit, and operational categories.

High Priority High Complexity
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Exposure and Counterparty Tracking

Assess risk tied to counterparties and concentrated holdings.

High Priority High Complexity
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Compliance Workflows

Manage processes like approvals and insider trading compliance.

High Priority High Complexity
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Document Expiry Tracking

Notify users of soon-to-expire compliance documents.

Medium Priority Low Complexity
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AML/PEP Screening

Automated scans for politically exposed persons and sanctions.

High Priority High Complexity
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SOC 2 / GDPR Controls

Ensure software complies with key data privacy and security standards.

High Priority High Complexity
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Audit Logs

Maintain immutable records of user activity and system changes.

High Priority Medium Complexity
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Governance & Oversight

Board Meeting Management

Schedule, document, and track board and committee activities.

Medium Priority Medium Complexity
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Digital Signatures & Resolution Tracking

Facilitate e-signatures and board approvals.

Medium Priority Medium Complexity
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Policy & Mandate Documentation

Central repository for investment policy statements and mandates.

High Priority Low Complexity
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Workflow Approvals

Structured approval flows for spending, donations, and investments.

High Priority Medium Complexity
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Voting & Consent Tracking

Log and report on formal approvals from stakeholders.

Medium Priority Medium Complexity
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Role-based Access

Control access to sensitive content by job function or governance level.

High Priority High Complexity
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Real Assets & Alternatives Tracking

Real Estate Asset Tracking

Monitor valuations, cash flows, and tenancy across property portfolios.

Medium Priority Medium Complexity
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Collectibles & Passion Assets

Manage non-financial assets like art, wine, vehicles, and more.

Low Priority Low Complexity
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Private Equity & VC Tracking

Track fund commitments, cash flows, and valuation marks.

High Priority High Complexity
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Document Management

Store LPAs, K-1s, purchase agreements, and investment docs.

High Priority Low Complexity
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Cash Call Tracking

Log capital calls and distributions by deal or fund.

High Priority Medium Complexity
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IRR and MOIC Calculations

Assess investment performance for alternatives.

High Priority High Complexity
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ESG & Impact Scoring

Attach qualitative scores or metadata to alternative holdings.

Low Priority Low Complexity
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Integrations & API

CRM Integrations

Connect with systems like Salesforce or HubSpot.

Medium Priority Medium Complexity
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Accounting Software Integrations

Sync with tools like NetSuite, QuickBooks, or Xero.

High Priority Medium Complexity
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Reporting Integrations

Pull data from Addepar, Black Diamond, or Excel files.

High Priority High Complexity
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Secure File Transfer

Move sensitive data via SFTP or encrypted upload.

High Priority Medium Complexity
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BI Tool Integrations

Export datasets to Power BI or Tableau for analysis.

Medium Priority Medium Complexity
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SSO & Identity Providers

Integrate with Okta, Azure AD, or Google for secure logins.

High Priority High Complexity
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Data Lake & Warehouse

Push or pull data from centralized storage environments.

Low Priority High Complexity
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AI & Automation

Auto-tagging Transactions

Use ML to categorize transactions for reporting.

Medium Priority High Complexity
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Predictive Budgeting

Forecast expenses and income based on historical patterns.

Medium Priority High Complexity
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Report Summaries

Generate natural-language interpretations of financial reports.

Medium Priority High Complexity
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Smart Alerts

Receive intelligent notifications on anomalies or trends.

Medium Priority High Complexity
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Chat-based Data Access

Query and analyze information through natural language chat.

Low Priority High Complexity
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Investment Memo Generation

Auto-generate deal memos or summaries from raw data.

Low Priority High Complexity
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Document Parsing

Extract structured information from unstructured PDFs.

Medium Priority High Complexity
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Feature Categories Overview