WealthCEO vs family office software
Family office software is built for a staffed office: accountants, analysts and an operations team running reporting for one family or many. WealthCEO is built for the family running it themselves, with their CPA and bookkeeper alongside.
What it’s good at
- Institutional reporting and performance across hundreds of entities.
- Hundreds of direct data feeds from custodians and banks.
- Implementation teams who set it up for you.
Where it stops for a family with real complexity
- It assumes staff to run it. Without an operations team, much of it goes unused.
- It’s priced and sold for offices, usually after a sales process and an implementation project.
- Planning for the family itself, like Financial Independence, goals and family meetings, is usually outside its scope.
When to stay with family office software: Choose family office software if you have a staffed office, dozens of entities with complex partnership accounting, and need custodian feeds from day one. WealthCEO isn’t trying to be that.
Side by side
| Capability | WealthCEO | Family office software |
|---|---|---|
| Built for the family to run themselves | Yes | Built for office staff |
| Entities consolidated at their percentage | Yes | Yes |
| Double-entry books and close per entity | Yes | Yes |
| Every number traced to its source | Yes | Partly |
| Coverage and an FI Date | Yes | No |
| Goals, simulators and family meetings | Yes | Partly |
| A peer community and coaching | Yes | No |
| Custodian and bank data feeds | Not in the beta | Yes |
| Institutional performance reporting at scale | Partly | Yes |
WealthCEO
- Built for the family to run themselves
- Yes
- Entities consolidated at their percentage
- Yes
- Double-entry books and close per entity
- Yes
- Every number traced to its source
- Yes
- Coverage and an FI Date
- Yes
- Goals, simulators and family meetings
- Yes
- A peer community and coaching
- Yes
- Custodian and bank data feeds
- Not in the beta
- Institutional performance reporting at scale
- Partly
Family office software
- Built for the family to run themselves
- Built for office staff
- Entities consolidated at their percentage
- Yes
- Double-entry books and close per entity
- Yes
- Every number traced to its source
- Partly
- Coverage and an FI Date
- No
- Goals, simulators and family meetings
- Partly
- A peer community and coaching
- No
- Custodian and bank data feeds
- Yes
- Institutional performance reporting at scale
- Yes
Compared with the category as a whole; individual products differ. WealthCEO is in private beta, and areas open to beta households in stages.
Moving over
- If you’re choosing between the two, start with how many entities you have and who will run the system each month.
- If it’s you, your spouse and a bookkeeper, WealthCEO is built for that. If it’s an office, look at family office software.
Questions
Do I need a family office?
Many families with several entities don’t, yet. They need the view a family office provides without the staff. That’s the gap WealthCEO is built for.
Can my adviser or CPA work in WealthCEO?
Yes, with the access you choose: a CPA can see tax and read-only books, a bookkeeper the books only, an adviser the overview and planning tools.
Try the math first
Also compare: WealthCEO vs spreadsheets and accounting software · WealthCEO vs budgeting apps
Ask to join the private beta
We’re opening WealthCEO to a small number of households at a time. Tell us about yours.