FOTechHub Bulletin #18 - Family Office Technology News Roundup

Company News, Product Updates, Integrations & Partnerships

Addepar Expands Alternative Investment Tools

• Addepar has launched Alts Data Management, Private Fund Benchmarks, and cash flow forecasts in Navigator.
• Alts Data Management simplifies the complexities of managing alternatives by collecting and extracting key information from alternatives documents such as capital account statements, distribution notices, and capital calls. It combines AI technology with human verification in automated workflows.
• Private Fund Benchmarks offer quarterly and since-inception performance data on ~12,000 funds, 4,400 managers, and 115,000 LP positions, using anonymized cash flow data vetted academically.
• Private fund cash flow forecasts, now available in Navigator, use anonymized capital call and distribution data. Built-in assumptions based on historical cash flows enable clients to model projections based on real investment patterns across private equity, venture capital, and private debt. See more on Addepar's new features in Modus.
• In January 2025, Addepar sought to raise $250 million in funding, aiming for a pre-money valuation of $3.25 billion. Here's a commentary citing several industry experts.
• On February 27, we are hosting a peer group for Addepar users. Contact alex@fotechhub.com for more info. 

SumIt Expands with Budget Module, Addepar Integration, and New Sales Lead

• SumIt launched a new budget module in January 2025, designed to help family offices optimize liquidity while balancing returns from their investments, personal and philanthropic spending, and multi-generational planning activities. The tool allows family offices to create and track cash budgets to identify shortfalls and variances. 
• Following its integration with Addepar, first highlighted in our May 2024 bulletin, and successful validation, SumIt is now officially part of the Addepar Integration Center. It joins AgilLink and KnowLedger as one of only three integrated general ledger partners of Addepar.
• SumIt recently welcomed Pablo Federico as its new sales lead. Pablo brings experience from Bill.com and AgilLink (previously Datafaction), where he worked closely with family offices.

Luminary Partners with Orion to Enhance Estate Planning

• Luminary has partnered with Orion to integrate its AI-assisted estate planning technology into Orion's wealth management platform. 
• This integration allows advisors to synchronize client data from Orion to Luminary, supporting the visualization and management of trust and estate strategies with asset and account information updated automatically through a nightly data sync. 

Prismatic Rebrands as Asseta and Introduces AI Agents for Family Offices

• Prismatic has rebranded as Asseta to help communicate its focus on family offices.
• The platform integrates investment tracking and performance monitoring, wealth and estate planning, and workflow automation and AI-driven agents for family offices.
• As part of the rebrand, the company has launched a new website at www.asseta.ai. The firm is headquartered in New York.

Aleta Relocates CEO to Drive US Growth

• Ken Gamskjaer (CEO & Co-founder) has relocated to the US to lead expansion efforts. Anders Viskum (CTO & Co-founder) is now CEO Nordics, maintaining Aleta's strong focus on the Nordics. 
• The Danish family office-backed wealth platform, founded in 2006, helps wealth managers and family offices consolidate financial data and gain AI-driven insights.

Chronograph and Bipsync Partner to Integrate Private Market Data

• Chronograph and Bipsync have partnered to integrate Chronograph’s private market data with Bipsync’s research management platform (RMP), allowing institutional investors to access structured investment data within Bipsync. 
• Chronograph serves over 300 private market institutions, including asset managers, institutional investors, and advisors. 
• Bipsync’s RMP is used by more than 100 investment firms globally. Both companies will continue to operate independently, with the integration giving mutual clients direct access to private market data within their research workflows.

Vanilla Launches V/AI Copilot for Estate Planning

V/AI Copilot is an AI-driven assistant that streamlines estate planning for advisors. Part of the V/AI platform, it offers features like document summaries, estate planning Q&A, and workflow automation. It builds on previous V/AI releases, including Automatic Profiles, which auto-generates client profiles.

Eton Solutions Partners with TriGen Wealth Management

Eton Solutions has partnered with Trigen Wealth, a newly launched multi-family office in India. Eton will be the exclusive technology partner, providing its Administrative Family Office (AFO) offering, leveraging the AtlasFive platform. This collaboration supports Eton’s expansion strategy in India’s growing UHNW market, with plans to establish a Technology Center in Gujarat's GIFT City. 

Foundation Source Partners with Northern Trust

Northern Trust has partnered with Foundation Source to offer private foundations a cloud-based management platform for tracking distributions, grant processing, and reporting. The platform includes workflows for grant applications and impact measurement, along with professional services for due diligence and IRS compliance.

New Tool Helps Families Measure and Manage Complexity

Leafplanner has introduced the Complexity Calculator, a new tool designed to help high-net-worth families and their advisors assess the often-hidden complexities of family structures, assets, and relationships. By answering 33 targeted questions, users receive a personalized complexity score—categorized as low, medium, or high—along with a detailed report highlighting blind spots and offering strategic insights. Part of Leafplanner’s broader platform, this tool supports better planning by surfacing risks, improving information flow.

Orion Enhances Its Unified Advisor Platform

Orion announced several tech upgrades to its advisor platform. New features include AI-generated meeting agendas in Portfolio View, enhanced collaboration tools in Redtail CRM, and expanded Advisor Trading capabilities such as household trading and portfolio groupings. Orion also introduced options trading in Eclipse and a Model Search & Comparison tool to help advisors select investment models. Future updates will focus on tax management and an Insights Dashboard.

Morningstar & Black Diamond Forge WealthTech Alliance

Morningstar, Inc. is retiring its Morningstar Office product and transitioning users to SS&C’s Black Diamond Wealth Platform as part of a new strategic alliance. This partnership integrates Morningstar’s recently launched Direct Advisory Suite with Black Diamond, combining investment data, research, portfolio analysis, and client engagement tools in a single platform. Black Diamond said that this alliance makes it "the first platform of its kind to integrate Morningstar’s rich research and data capabilities advisors have relied on for decades".

ProTrustee Welcomes Old Mission Investment Company

Old Mission Investment Company, a South Dakota trust firm, joined ProTrustee as its newest client. Their insights have helped refine the platform, which provides cloud-based trust management tools.

iCapital Enhances Architect Tool

iCapital has enhanced its portfolio construction tool, iCapital Architect, adding white-labeling, a Portfolio Allocator, a proposal tool, and Multi-Investment Workflow integration to simplify alternative investment management for wealth investors.

Moving & Grooving

Canoe Intelligence Appoints CRO Chris Jones, Promotes Mike Muniz to CSO

Canoe Intelligence has appointed Chris Jones as Chief Revenue Officer and promoted Mike Muniz to Chief Strategy Officer. Jones, an experienced SaaS leader, will drive revenue growth, while Muniz shifts focus to strategic partnerships and product innovation.

Aquilance Adds VP of Strategic Client Development

Aquilance welcomes Brandy Bitter, JD, LL.M. as VP of Strategic Client Development. She brings extensive experience in trust administration and wealth management from Citizens Private Wealth, Glenmede, Bank of America, PNC, and others.

BlackCloak Adds New Leader for Cybersecurity Innovation

Santhana Parthasarathy joins as VP of Engineering to drive innovation in BlackCloak’s Digital Executive Protection solutions. With over 25 years of experience at Yalo, ActiveCampaign, HelloSign, and Salesforce, he will lead advancements in cybersecurity for corporate leaders and high-net-worth individuals.

Asora Expands American Team

Tanner DeBry joins the Asora team as new Director of Customer Success, Americas. Asora continues its expansion across the Americas, and Tanner brings experience from Addepar, Eltropy, and Goldman Sachs. With a strong background in client relationship management and wealth technology.

Senior Team Members Depart Ledgex

Several senior leaders have recently departed Ledgex, including Nicole Eberhardt (CEO), Peter Cunha (Director of Business Development), and Wendy McCoy (Managing Director), who will continue in an advisory role. We understand that Ledgex is expected to remain active in the family office space, with further updates anticipated in the coming months.

P.S. 

In our last bulletin, we covered iCapital and Subscribe's launch of investor passports to streamline KYC/AML checks. Here’s a feature from Private Funds CFO with further insights on both. 

The post What Are the Potential Drawbacks of Automating Back-Office Operations? caught our attention, as this is a common concern in our family office community. While not family office-specific, it has some good insights.