As the wealth management industry continues to evolve, technology is playing an increasingly central role in reshaping the way financial professionals manage portfolios, interact with clients, and streamline operations. The right wealth management software can significantly enhance an advisor’s ability to deliver personalised, efficient, and high-quality services. With new developments and advancements in artificial intelligence (AI), machine learning, automation, and data analytics, wealth management software has become an indispensable tool for professionals looking to stay competitive in an increasingly digital world.
In this article, we’ll explore some of the best wealth management software options available for 2025. We will review their features, benefits, and drawbacks, helping financial advisors, wealth managers, and firms make informed decisions about the tools they rely on. Whether you are a seasoned professional or just starting out, the wealth management software you choose can directly influence your ability to optimise your client service, enhance portfolio performance, and manage complex financial situations effectively.
By the end of this article, you’ll have a comprehensive understanding of the top wealth management software on the market and how each platform can benefit your practice. We’ll also discuss how these platforms are evolving to meet the changing needs of both wealth managers and their clients in 2025.
Why Wealth Management Software is Crucial in 2025
The landscape of wealth management is more dynamic than ever, and clients have high expectations when it comes to receiving personalised, transparent, and timely financial advice. As the financial services industry faces increasing pressure to adopt technology-driven solutions, wealth managers are turning to specialised software to help them meet these demands. Wealth management software is designed to streamline various aspects of financial advisory services, from portfolio management to client relationship management, and even financial planning.
The right software can help wealth managers and advisors perform multiple tasks more efficiently, while also providing insights that support data-driven decision-making. Features such as automated reporting, real-time data analysis, and risk management tools allow wealth professionals to offer more targeted advice, while also reducing administrative burdens. For firms and advisors looking to grow their client base and increase operational efficiency, wealth management software is no longer just a luxury—it’s a necessity.
Moreover, the integration of advanced technologies like AI and machine learning in wealth management platforms has enabled more sophisticated approaches to risk assessment, investment strategies, and predictive analytics. The ability to analyse vast amounts of data and gain insights into client preferences, market trends, and economic conditions empowers financial professionals to provide more tailored, forward-thinking advice.
Key Features of Wealth Management Software in 2025
Before diving into the reviews of specific software solutions, it’s important to understand the key features that modern wealth management software offers. As the industry continues to evolve, these features have become increasingly sophisticated, allowing wealth managers to provide high-quality services more effectively.
1. Portfolio Management
A core feature of any wealth management software is portfolio management. These tools allow advisors to create and manage investment portfolios based on clients' specific needs, risk profiles, and goals. The software helps track asset allocation, monitor portfolio performance, and optimise investments.
Key features of portfolio management include:
Real-time performance tracking
Asset allocation and rebalancing tools
Risk management and scenario analysis
Performance analytics and reporting
2. Financial Planning Tools
Financial planning is another crucial component of wealth management software. These tools help advisors analyse clients' financial situations, forecast future needs, and develop strategies to achieve long-term goals such as retirement, buying property, or funding education.
Key features include:
Cash flow analysis and budgeting
Retirement planning calculators
Estate and tax planning tools
Goal setting and progress tracking
3. Client Relationship Management (CRM)
Wealth management software also integrates Client Relationship Management (CRM) tools, which enable wealth managers to organise client data, track interactions, and personalise communication. A good CRM system allows advisors to better understand their clients’ needs, preferences, and financial goals.
Key features include:
Client contact management
Task and appointment tracking
Email marketing and communication tools
Customisable client reports and dashboards
4. Risk Management
Risk management is a critical aspect of wealth management. In 2025, many software platforms offer advanced tools that allow financial professionals to assess risk, stress-test portfolios, and create risk mitigation strategies tailored to client profiles.
Key features include:
Risk profiling and tolerance assessments
Stress-testing for various market scenarios
Asset diversification strategies
Real-time market data analysis
5. Regulatory Compliance and Reporting
Adherence to regulatory requirements is essential for financial professionals. Wealth management software can assist in ensuring compliance by tracking relevant regulations, generating required reports, and managing client disclosures.
Key features include:
Automated regulatory reporting
Audit trails and compliance tracking
Data protection and privacy controls
Customisable reporting templates
6. Data Integration and Analytics
One of the most powerful features of modern wealth management software is its ability to integrate data from multiple sources, including banks, investment accounts, and market data feeds. Advanced analytics tools use this data to generate insights, track performance, and identify opportunities for clients.
Key features include:
Real-time data feeds
Investment and market performance analysis
Predictive analytics for future trends
Customisable dashboards and reports
Wealth Management Software Reviews for 2025
Now that we have an understanding of the key features to look for in wealth management software, let’s review some of the top platforms available for 2025. Each software solution is unique, and its suitability will depend on the specific needs of the user. Below are reviews of some of the leading wealth management software platforms on the market.
1. Morningstar Office
Morningstar Office is a comprehensive wealth management solution widely used by financial advisors to manage portfolios, create financial plans, and analyse client data. Known for its robust portfolio management and investment research capabilities, it is ideal for wealth managers who require advanced analytics and reporting features.
Key Features:
Real-time portfolio tracking and performance analysis
Extensive investment research and data
Customisable client reports and dashboards
Financial planning and retirement planning tools
CRM integration for client management
Pros:
Powerful analytics tools for portfolio performance
Comprehensive investment research database
Seamless integration with third-party tools and data feeds
Cons:
May require a steep learning curve for new users
High subscription cost for small advisory firms
2. eMoney Advisor
eMoney Advisor is a popular financial planning software designed to help financial advisors deliver a comprehensive, data-driven financial plan for clients. With robust cash flow modelling, retirement planning, and risk management features, eMoney Advisor is ideal for advisors who specialise in holistic financial planning.
Key Features:
Cash flow modelling and budgeting tools
Retirement and tax planning capabilities
Client portal for real-time access to financial information
Risk management and investment tracking tools
Pros:
Excellent retirement and estate planning tools
Client-friendly interface with access to real-time data
Highly customisable financial plans
Cons:
Can be expensive for smaller firms
Some users find the interface to be overwhelming
3. Wealthbox
Wealthbox is a CRM tool designed specifically for financial advisors. It offers a user-friendly interface and essential features to help manage client relationships, streamline communication, and automate tasks. With integrations to other wealth management software platforms, Wealthbox is an excellent choice for firms looking for a simple, yet effective CRM.
Key Features:
Client data management and segmentation
Task tracking and reminder notifications
Email and calendar integration
Reporting and analytics tools
Pros:
Easy-to-use interface with minimal setup required
Excellent customer support
Seamless integrations with other wealth management tools
Cons:
Lacks some advanced features found in other CRM platforms
Reporting and analytics capabilities are relatively basic
4. Schwab Advisor Center
Schwab Advisor Center is a comprehensive wealth management software platform offered by Charles Schwab for independent financial advisors. It integrates portfolio management, client relationship management, and trading tools in one platform. Schwab Advisor Center is particularly beneficial for wealth managers who require a fully integrated solution.
Key Features:
Portfolio and asset management
Real-time trading and investment execution
Client account management and reporting
Compliance tracking and regulatory reporting
Pros:
Fully integrated with Schwab’s investment platform
Great customer service and support
Comprehensive trading and reporting tools
Cons:
Only available to Schwab clients, limiting flexibility
Advanced features may require additional training
5. Orion Advisor Tech
Orion Advisor Tech is a cloud-based wealth management platform designed to streamline portfolio management, client engagement, and performance reporting. Known for its robust data analytics and client experience tools, Orion is ideal for wealth managers who want to deliver a high-tech, personalised experience for clients.
Key Features:
Portfolio management and reporting tools
Client portal for real-time access to investment information
Advanced data analytics and performance tracking
Risk management and stress-testing features
Pros:
Powerful portfolio management and data analytics tools
Customisable reporting features
Robust client communication tools
Cons:
Steep learning curve for new users
May be overkill for smaller advisory firms with simpler needs
Choosing the Right Wealth Management Software
Selecting the right wealth management software depends on a variety of factors, including the size of your firm, the complexity of your client base, and the specific features you require. Below are some considerations to keep in mind when choosing wealth management software for 2025:
Integration: Ensure that the software integrates well with your existing tools and systems, such as CRM platforms, risk management software
, and data providers.
Cost: Consider the overall cost of the software, including subscription fees, setup costs, and any additional fees for premium features or customer support.
Client Experience: Choose software that enhances the client experience, whether through user-friendly portals, real-time access to financial information, or personalised reporting capabilities.
Regulatory Compliance: Ensure that the software helps you stay compliant with relevant regulations and generates the necessary reports for audits and client disclosures.
Scalability: Consider whether the software can grow with your business as you add more clients and expand your services.
Bringing It All Together
As wealth management continues to evolve, staying ahead of the competition requires embracing the right technology. Wealth management software is a critical tool for financial advisors, offering the ability to optimise portfolios, manage client relationships, and enhance overall efficiency.
In 2025, wealth management software is more powerful than ever, incorporating advanced analytics, AI, and machine learning to provide personalised, data-driven insights for both wealth managers and clients. Whether you are looking for portfolio management, financial planning, CRM integration, or regulatory compliance tools, the right wealth management software can help you deliver exceptional service while streamlining your operations.
Ultimately, selecting the best wealth management software depends on your unique needs, client base, and budget. By reviewing the top platforms for 2025, you can make an informed decision that supports your business objectives and helps you stay ahead in an increasingly competitive market.