Trust Accounting and Portfolio Management Vendors

Trust Accounting Products

1. SunGard AddVantage (now part of FIS)

2. SEI Wealth Platform (Trust Module)

3. Cheetah Wealth Management Platform - Accutech Systems

4. Fiserv Trust Accounting

5. HWA Trust & Investment - HWA International

6. FIS Trust Accounting

7. Innovest Trust & Wealth Management

8. QED Genius - QED Financial Systems

9. Fi-Tek TrustPortal

10. TrustBooks

SEC-Registered Wealth Management Products (interfacing with RIA arms of brokers)

1. Black Diamond Wealth Platform - SS&C Technologies

2. Addepar

3. Orion Advisor Services

4. Tamarac - Envestnet

5. Morningstar Office

6. Advent Axys/APX - SS&C Technologies

7. eMoney Advisor

8. MoneyGuidePro

9. Riskalyze

10. Wealthbox CRM

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It's important to note that some platforms, like SEI Wealth Platform, offer modules for both trust accounting and wealth management for RIAs. The distinction can sometimes blur, especially as wealth management firms increasingly offer trust services and trust companies expand into broader wealth management.

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Also, while the wealth management products listed are commonly used by RIAs working with custodians like Schwab, many of these can also interface with other major custodians such as Fidelity, TD Ameritrade (now part of Schwab), and Pershing.

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The trust accounting products are more likely to be used by trust companies, banks with trust departments, and other fiduciaries who have direct custody of assets and need specialized trust accounting capabilities. The wealth management products, on the other hand, are designed to work with external custodians and focus more on portfolio management, financial planning, and client reporting for RIAs.