Asset Vantage

Category: Family Office Software

Headquarters: US, India, Middle East

Customers: 350+ Global Families

Website: https://assetvantage.com

Asset Vantage offers a comprehensive family office software platform designed to streamline financial management for single and multi-family offices, as well as wealth management firms serving ultra-high-net-worth (UHNW) families. At its core, the platform consolidates financial data, providing a unified view of assets across all classes. This allows family offices to manage their wealth as they would a business, with a single source of truth for all financial data. By leveraging AI-powered insights, Asset Vantage aims to enhance portfolio performance and provide actionable views into complex partnership structures.

The solutions offered by Asset Vantage include financial data aggregation, integrated general ledger capabilities, portfolio performance tracking, and partnership accounting. These solutions cater to the intricate needs of family offices, ensuring seamless management of liquid, alternative, and private assets. The platform is further enhanced with features like check writing and bill pay, data security and privacy measures, a document vault, and the AV PRO Mobile App for on-the-go access.

Key features of the platform include its ability to aggregate and reconcile financial data, offering tax-lot level reconciliation for tradeable assets, and seamless data capture to minimize errors. The integrated general ledger, built on global IFRS and GAAP standards, ensures seamless integration with investment books and transaction records. AV also provides performance analytics to support insightful investment decisions across all asset classes, offering true multi-period Time Weighted Returns and internal rate of returns (IRRs).

Asset Vantage serves a diverse clientele, including single family offices, institutional wealth managers, multi-family offices, and accounting firms. The platform is trusted by over 350 global families and is used in more than 10 countries, managing over USD 400 billion in tracked assets. Integration with 45+ custodian and bank feeds further enhances its capability to serve complex family office needs.

From a technical standpoint, Asset Vantage is designed to handle large volumes of financial data, offering electronic custodial and bank data feeds, direct account integrations, and support for numerous PDF fund statements. The platform's integration capabilities are robust, featuring seamless upload formats and corporate action feeds to ensure comprehensive transaction tracking and reconciliation.

Integration options are a key part of Asset Vantage's offering, with the platform supporting electronic data feeds and direct integrations with checking and credit card accounts. This ensures that users can maintain a consolidated financial view, crucial for efficient family office operations.

Key Features

Asset Vantage provides a robust, cloud-based platform tailored for family offices, enabling comprehensive financial data management and enhanced portfolio performance. The platform's core capabilities are designed to offer a single source of truth for all financial data, facilitating efficient wealth management across all asset classes.

Use Cases

Asset Vantage is ideal for single family offices, multi-family offices, and wealth management firms serving UHNW families. The platform facilitates operational improvements by automating financial data aggregation and reconciliation, streamlining portfolio management, and enhancing reporting capabilities.

Integrations

Asset Vantage offers extensive integration capabilities, featuring API availability and data connectivity with a broad ecosystem of financial institutions. The platform supports various integration standards to ensure seamless data flow across systems.