For most advisory firms, Orion is the default pick for a full operating platform, while RightCapital is the default pick when planning is the main job and Sharesight is the low cost pick for reporting only. Five of the eight tools in this list publish no price and sell by quote only, so budget planning must start with a sales conversation and a written list of modules, accounts, and entities. Asset Vantage charges by legal entity count, with $30,000 a year for 10 entities, $43,200 for 20 entities, and $55,200 for 30 entities, so a firm with many trusts pays by structure, not by assets under management.
Investment manager software covers two jobs: running an advisory firm, and consolidating wealth for family offices. Prices were checked on 12 November 2026, and five vendors publish no price at all.
On this page
Best investment manager software: comparison table
Swipe the table sideways on a phone to see every column.
| # | Name | Best for | Starting price | Free plan / trial | Link |
|---|---|---|---|---|---|
| 1 | Addepar | Large firms with complex alternative holdings | quote only | No | Visit |
| 2 | Orion | RIAs wanting one full operating platform | quote only | No | Visit |
| 3 | Black Diamond | Firms wanting reporting plus back office help | quote only | No | Visit |
| 4 | Envestnet Tamarac | RIAs running model portfolios at scale | quote only | No | Visit |
| 5 | Advyzon | RIAs wanting one system for reporting and billing | quote only | No | Visit |
| 6 | RightCapital | Advisors who lead with financial planning | $149.95 per advisor/month | Free trial (14 days) | Visit |
| 7 | Asset Vantage | Family offices with many legal entities | $30,000 per year for 10 entities | No | Visit |
| 8 | Sharesight | Firms needing portfolio and tax reporting only | $13.50 per portfolio/month for 5 to 19… | Free trial (14 days) | Visit |
The 8 best best investment manager software tools, in detail
Addepar
Best for: Large firms with complex alternative holdings
Addepar is a data platform for wealth managers, family offices, banks, fund managers, and institutional allocators. It aggregates holdings across custodians and asset classes into one record, then adds analysis, fee billing, client reporting, and a branded client portal. The main reason to choose Addepar is alternative investments.
- It captures and standardises private investment data so exposures, performance, and liquidity can be seen next to public holdings.
- That matters when a client book includes private funds and several entities.
- A small firm with listed securities only will find the scope and the quote process heavy.
- Ask for the price basis in writing, since contracts are reported to scale with assets, entities, data feeds, and modules selected.
Pros
- Consolidates public and private holdings in one record
- captures alternative investment data and look-through ownership across entities
Cons
- No published price, so budgeting needs a sales quote
- built for complex multi-entity wealth, which may exceed the needs of a small RIA
Orion
Best for: RIAs wanting one full operating platform
Orion Advisor Technology sells a wealth technology platform for financial advisors, covering portfolio accounting, trading, planning, compliance, and CRM through Redtail. Orion Portfolio Accounting is the base layer, with performance reporting, advisory fee billing, household-level data, and overnight reconciliation with major United States custodians. It feeds trading, billing, the client portal, planning, and risk tools from the same record.
- Orion sells three bundled stacks, named Foundation, Essentials, and Advantage.
- All three include billing and reporting, Orion Planning, the client portal and mobile app, and an alternative investing platform.
- Essentials adds Orion Trading and a Redtail Growth plan, while Advantage adds proposals and new accounts, risk intelligence, and compliance.
- Older third party listings show stack prices of $13,000, $18,000, and $28,000 a year, but the current Orion stacks page lists the bundles without pric
Pros
- Portfolio accounting feeds trading, billing, planning, and the client portal from one record
- includes Redtail CRM and Orion Planning in its stacks
Cons
- No published price on the current stacks page, so firms must request a quote
- trading is not included in the entry Foundation stack
Black Diamond
Best for: Firms wanting reporting plus back office help
Black Diamond is the wealth platform of SS&C Technologies, sold as SS&C Black Diamond Wealth Solutions. Its site lists portfolio accounting, trust services, investment management, trading, billing, compliance, CRM, and alternative asset servicing. The portfolio management and reporting module gives advisors a central dashboard with metric cards for performance, allocation, and activity, plus a drag-and-drop report builder for branded, batch, or ad-hoc reports.
- Report types include portfolio overviews, fixed income analysis, and portfolio appraisals.
- The clearest difference from Orion and Tamarac is service.
- A full-service support team audits data, runs and batches quarterly statements, and posts reports to the client portal.
- That helps a firm with limited operations staff.
Pros
- Drag-and-drop client reports with portfolio overview and fixed income views
- back office team can audit data and run quarterly statements
Cons
- No published pricing page, so every firm needs a custom quote
- breadth of modules means scoping a quote takes time
Envestnet Tamarac
Best for: RIAs running model portfolios at scale
Envestnet Tamarac is the RIA technology suite of Envestnet, and its page states that independent advisors have used Tamarac for portfolio management, trading, and reporting for more than 25 years. Tamarac Trading handles trading, rebalancing, and compliance workflows so a firm can serve more clients with the same team. Reporting covers investment performance, holdings, and transactions with custom reports, and a client portal gives clients a broader view of their finances.
- Unified managed accounts are the core idea for model firms.
- They replace manual, account-by-account portfolio work with a workflow across sleeves, so one model change can flow through many accounts.
- A proposal tool builds, presents, and funds investment strategies, and the suite also includes a CRM.
- Tamarac fits firms that run model portfolios and want trading and reporting in one place.
Pros
- Unified managed accounts turn account-by-account work into one workflow
- covers trading, reporting, billing, proposals, and CRM
Cons
- No published Tamarac price, and buyers are directed to a contact form
- public product page gives limited detail on each module
Advyzon
Best for: RIAs wanting one system for reporting and billing
Advyzon sells an all-in-one wealth management platform and states that it has built one product on one code base, data model, and workflow architecture. Its product lines include the Advyzon platform, Advyzon Investment Management, enterprise solutions, and Auria for family wealth management. Portfolio management centres on reporting, with a component library for branded reports, security-specific metrics, scheduled batch reports shared to the client portal, and dashboards for assets under management growth and revenue.
- The Quantum rebalancer offers nine rebalancing and trading modes, tax-loss harvesting, cash management, and multi-custodian trading through FIX.
- Billing supports percentage of assets under management, flat, tiered, and hybrid fee structures and exports fee files to custodians.
- Advisors can build custom models, generate proposals, and track composites, with alerts for new cash and out-of-balance portfolios.
- Advyzon suits a firm that wants reporting, rebalancing, billing, and CRM without stitching four vendors together.
Pros
- Built on one code base and data model across reporting, rebalancing, billing, and CRM
- Quantum rebalancer offers nine rebalancing modes
Cons
- No published pricing page, with product pages directing buyers to a sales phone line and email
- single-platform design gives fewer reasons to add outside specialist tools
RightCapital
Best for: Advisors who lead with financial planning
RightCapital is financial planning software for advisors, with a client portal and mobile app, Snapshot and Blueprint views, and more than 40 integrations. Basic starts at $149.95 per advisor per month, or $1,799.40 a year. It covers retirement, tax, insurance, investment, estate, college, and business planning.
- Premium costs $209.95 per advisor per month and adds account aggregation, Tax Analyzer, Iris AI planning agent, RightIntel, RightRisk, and RightExpres
- Platinum costs $254.95 per advisor per month and adds team collaboration, firm-level assumptions, and RightFlows workflows.
- Assistant access on Premium and Platinum costs $40 per assistant per month, and consolidated billing is available for groups with 10 or more advisor l
- RightCapital is not a full portfolio accounting and trading platform, so firms that need trading and fee billing will still need another system beside
Pros
- Publishes three plan prices, with Basic at $149.95 per advisor per month
- includes retirement, tax, investment, estate, college, and business planning
Cons
- Every plan requires an annual commitment for the first year
- account aggregation is not in Basic and needs Premium at $209.95 per advisor per month
Asset Vantage
Best for: Family offices with many legal entities
Asset Vantage is family office software that combines a general ledger with performance reporting. It began as the internal tool of a technology group family office and now describes itself as a financial operating system for family offices and their advisors. Data aggregation covers custodial and bank feeds, card accounts, and fund statements.
- Every transaction generates a general ledger posting, and the platform keeps custody, investment, and accounting books of record in step.
- Single-family office plans are $30,000 a year for 10 entities, $43,200 for 20 entities, and $55,200 for 30 entities, billed annually.
- An entity is a unique tax or legal identity, such as an individual, trust, or partnership.
- Higher plans add partnership accounting, tax lot relief, multi-currency, and United States tax reports.
Pros
- Maps every investment transaction into an integrated general ledger
- SFO plans priced by entity count, not by assets under management
Cons
- Entry SFO plan is $30,000 a year before a one-time onboarding fee
- multi-family office pricing is not published
How we chose
We included tools that manage client portfolios for advisors, wealth managers, or family offices, with portfolio accounting, reporting, trading, planning, or entity consolidation as the core job. Prices and plan limits come from official vendor pricing pages and product pages opened on 12 November 2026, plus dated third party checks where a vendor page lists no price. We did not test any tool hands-on. We did not use customer counts, awards, or review scores to order the list. Five vendors publish no price, so those entries are quote only. A unique angle in this list is the pricing unit: Asset Vantage prices by entity count, Sharesight prices by portfolio count, and RightCapital prices by advisor seat.
Pick by firm size and budget
| Firm type | Pick | Starting cost to budget |
|---|---|---|
| Solo advisor, planning led | RightCapital | $149.95 per advisor per month, $1,799.40 a year |
| Small RIA, reporting only, 10 portfolios | Sharesight | $135 per month at $13.50 per portfolio |
| Mid-size RIA, full platform | Orion or Advyzon | Quote only, request Foundation and Essentials scope in writing |
| RIA running models | Envestnet Tamarac | Quote only, confirm unified managed account modules |
| Family office, 10 entities | Asset Vantage | $30,000 a year, plus a one-time onboarding fee |
| Family office, complex alternatives | Addepar | Quote only, confirm asset, entity, and feed basis |
Frequently asked questions
What is the best investment manager software for most advisors?
Orion is the best default for most RIAs that want one full operating platform, because portfolio accounting, trading, billing, planning, and Redtail CRM sit in one system. RightCapital is the better pick when financial planning is the main service, and Sharesight is the better pick when the firm only needs portfolio and tax reporting. The right choice depends on whether the firm needs trading and billing, or reporting alone.
How much does investment manager software cost?
Costs range from $13.50 per portfolio per month for Sharesight Business to $30,000 a year for Asset Vantage for 10 entities, with RightCapital at $149.95 per advisor per month. Five tools in this list are quote only, including Addepar, Orion, Black Diamond, Tamarac, and Advyzon, so those firms must request a written quote with modules, accounts, and entities listed.
Which is best for a family office with many entities?
Asset Vantage is the best fit in this list for a family office that counts entities, because it prices by entity count and ties every transaction to a general ledger. Addepar is the better fit when the office holds complex alternatives across trusts and holding companies and needs look-through ownership. A family office with 20 entities should budget $43,200 a year for Asset Vantage before onboarding.
Which is best for portfolio reporting only?
Sharesight is the best pick for reporting only, because Business pricing starts at $13.50 per portfolio per month for 5 to 19 portfolios, with no contracts and automatic dividend and corporate action tracking. It reports performance, tax, allocation, and currency effects, but it does not run trades, rebalance to models, or bill advisory fees. A firm that needs trading should look at Orion, Tamarac, or Advyzon instead.
Does any investment manager software offer a free trial?
Yes. RightCapital offers a 14-day free trial, and Sharesight offers a 14-day free trial without a credit card for its Business plan. Addepar, Orion, Black Diamond, Tamarac, Advyzon, and Asset Vantage list no free plan or free trial in this article, so those firms should request a demo and a written quote. Use the trial with real client cases to test planning, reporting, and data feeds.
Do I need a custodian as well as investment manager software?
Yes, in most cases. Addepar states that it does not custody assets, and most tools in this list are software layers above a custodian. Orion, Tamarac, and Advyzon connect to custodians for reconciliation and trading, while Sharesight reads holdings and transactions for reporting.
Sources
- https://addepar.com/
- https://addepar.com/pricing
- https://orion.com/advisor-tech/portfolio-accounting
- https://www.sscblackdiamond.com/
- https://www.envestnet.com/wealth-management/personalized-portfolio-management
- https://www.advyzon.com/enterprise-solutions/
- https://www.rightcapital.com/
- https://www.assetvantage.com/product-features/partnership-accounting/lp-family-office-software-alternative/
- https://www.sharesight.com/us/pricing/
Prices and features were read on each company’s own website in November 2026. They change often, so confirm the current offer on the official site before you sign up or buy.