Asseta vs Northern Trust Family Office Technology

You are looking for alternatives to Asseta. Here you can compare the best Investment Management Software and other family office technologies based on our annual benchmark and comparison surveys.

Asseta

Artificial Intelligence

Asseta (formerly Prismatic) is the intelligent family office suite built to streamline operations, enhance transparency, and optimize investment visibility for family offices and high-net-worth individuals. Offering a 360° real-time view of your wealth, businesses, and investments.

Northern Trust Family Office Technology

Consolidated Reporting

Northern Trust is a global financial institution that provides asset servicing, investment management and wealth management services for institutions, high-net-worth individuals and families or their family offices.

Employees

11 – 25

Revenue

Founded

January 2023

Incorporated

Locations

New York City

AUM

$11B

Avg. AUM per client

Ownership

Owned by management
External investors (neither clients nor staff)

100-500 (in GFO’s division)

$6.1 billion ($286.3 million – GFO’s trust fees)

1889

United States of America

Chicago
London
Guernsey
Luxembourg
Abu Dhabi

$114 billion (Northern Trust’s GFO)

$900 million (median $350 million)

Client

Focus

Single family offices

Secondary focus

Individual wealth owners,
Multi-family offices,
Fund managers,
Funds of funds,
Software and technology providers

Single-family offices

Individual wealth owners

Approx. 500 GFO clients

Product

Main Tasks

Consolidated Reporting
Data Aggregation

Top features

Custom Reports

Assets supported

Cash & Equivalents
Alternatives
Art & Collectibles
Commodities
Cryptocurrency
Digital Assets & Crypto Currency
Equities
Gold & Precious Metals
Real Estate
Private Equity Funds
Venture Capital
Foreign Exchange
Direct Private Equity

Compliance

Whitelabel

Consolidated reporting
Portfolio management
Accounting
Governance
Compliance
Trading
Data aggregation
Risk management
Impact/ESG reporting

Holistic, aggregated single source of data
Automated cash & trade transaction tools
Comprehensive user report library
Ad-hoc custom reporting
Easily-accessible mobile platform
Dedicated client service team
Integrated partnership accounting & general ledger
Security & integrity of your data

All marketable and non-marketable assets
Bankable assets
Private equity
Real estate
Rare collectibles (e.g. luxury cars, boats, high-value jewellery)

MiFID II
GDPR
AIFMD
UCITS

Technology

Type Of Software

SAAS

Ecosystem

Integrations

Payroll (ADP, Gusto)
Wealth Management (Addepar, Asora, Black Diamond, LandyTech, MyFO)
Payables (Bill, Ramp, Brex, Stripe)
Banking (12000+ institutions)
Tax + K-1s (Juniper Square, Arch)

Mobile App

Serviced software

Multi-factor authentication
Anti-fraud programs & IT security team
Three-tiered network architecture with redundant firewalls and DMZ layer
Network intrusion detections systems.
Regular network- and application-level penetration tests
Anti-virus practices at network, app and database levels
Several limits to employees’ ability to see and manage client data
Dedicated fraud prevention and investigations unit

Linux
Java

We interact with a variety of external vended software and send data (once authorized by the client) daily. Existing connectivity can be confirmed on request.