FinFolio

FinFolio

3.5 / 5 5 reviews

Who Uses This Software?

Investment advisors, wealth managers, RIAs, financial planners, brokers, hedge funds, family offices, and #fintech developers.


Average Ratings

5 Reviews
  • 3.5 / 5
    Overall
  • 3.5 / 5
    Ease of Use
  • 3.5 / 5
    Customer Service

Product Details

  • Starting Price
    Not provided by vendor
  • Free Trial
    Yes
  • Deployment
    Cloud, SaaS, Web
    Installed - Windows
  • Training
    Documentation
    Webinars
    Live Online
    In Person
  • Support
    Online
    Business Hours

Vendor Details

  • FinFolio
  • www.finfolio.com
  • Founded 2008
  • United States

About FinFolio

FinFolio makes wealth management simple for investment advisors. Performance reporting, trading, portfolio rebalancing, order management, contact management, billing & client portals on a single platform. Integrates with most products in the wealth management space. Runs in the cloud or can be installed locally.


FinFolio Features

  • Accounting Management
  • Benchmarking
  • Bonds
  • Client Management
  • Commodities
  • Compliance Management
  • Equities
  • Fee Management
  • Fund Management
  • Futures
  • Payroll & Commissions
  • Performance Metrics
  • Portfolio Management
  • Risk Management
  • Stocks
  • Billing & Invoicing
  • Client Management
  • Data Warehousing
  • For Investment Advisors
  • For Traders
  • Order Management
  • Portfolio Accounting
  • Portfolio Rebalancing
  • Risk Management
  • Tax Management
  • Technical Analysis
  • Wash Sale Detection

FinFolio Reviews Recently Reviewed!


We are three months into Finfolio and still the data from our custodians doesn't match.

Jun 03, 2018
3/5
Overall
3 / 5
Ease of Use
3 / 5
Features & Functionality
2 / 5
Customer Support
2 / 5
Value for Money
Likelihood to Recommend: 3.0/10 Not
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Pros: In principle it looks like it has a lot of good functionality and reports but the basic data from the custodians doesn't allow us to use this functionality even after three months of integration.

Cons: The reconciliation process is lacking. We recently discovered after three months that many client positions were duplicated and Finfolio didn't catch this.

Overall: Waiting to see whether we will actually get any benefits at all. So far we have paid for software that doesn't work properly.

Provides a high level of customization but transition from previous provider has been bumpy

Mar 23, 2018
3/5
Overall
3 / 5
Ease of Use
4 / 5
Features & Functionality
3 / 5
Customer Support
3 / 5
Value for Money
Likelihood to Recommend: 6.0/10 Not
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Pros: Pricing. Our firm prefers a pricing model of by seat rather than by account or AUM. The high level of customization in terms of how we view information to how we report information to clients has been great.

Cons: Coming from dbCAMs we have seen several issues with the transition of old data into the new system. Secondly, with every update to Finfolio there has been some glitch that has affected the way we utilize the system causing a stop on work on our end and extra time of my employees working with customer service or developers to develop a fix.

Overall: reporting and billing of assets under management

Vendor Response

by FinFolio on April 30, 2018

Thanks for the feedback! Sorry you had a rough transition. FinFolio is the only system that will convert data from dbCAMS+, and we do our best to work with the client to fix any problems we find in the old software. It sounds like you are on our 1.0 desktop product. We'd love a chance to upgrade you to FinFolio 2.0 which is web based and much easier to use. It retains much of the flexibility of the desktop product and, in many ways, is even more customizable. - FinFolio

I think it is a great software when it works properly. There are too many glitches.

Mar 23, 2018
3/5
Overall
2 / 5
Ease of Use
3 / 5
Features & Functionality
4 / 5
Customer Support
3 / 5
Value for Money

Pros: I like creating views and being able to pull information into an excel file. I like the exporting of the billing to upload to custodians. I like the reports when the information is correct.

Cons: It is very slow. Some of the information that is pulled into the reports make zero sense and if I closeout and restart FF, then the report will make sense. It should not glitch so much. The analysis button should be a little more user friendly or have a user guide that can explain it better.

Vendor Response

by FinFolio on April 30, 2018

Thanks for the feedback! It sounds like you are on our 1.0 desktop product. We'd love a chance to upgrade you to FinFolio 2.0 which is web based, faster and easier to use. "Reports make zero sense" sounds like you may be self-hosting and doing your own data reconciliation. We can do this for you, although it may cost more. Please contact our support team and we can give you a quote for taking this over. - FinFolio

We have been pleased with Finfolio's capability and customer help service.

Mar 23, 2018
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
3 / 5
Value for Money

Pros: Great deal of flexibility as it relates to report presentations and its multi currency capability. Also like the ability to manually enter data and build model portfolios to track performance. Like the ability to build reports that meet our needs as a firm and personalize with logo etc..

Cons: Due to the flexibility and customization sometimes it is difficult to troubleshoot and pinpoint problems with reports or bugs that may arise. Sometimes the applications slows down or freezes and have to jump out of specific sections to refresh.

Capterra-loader

This is the "Hands Down" Best Portfolio Management Software Available!

Feb 17, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: The ease of use as well as the user interface, not to mention the functionality, and flexibility! I've been in the industry for 20 years and I've tried every other portfolio management software and this is by far the best available!! Most of the other software available may have pieces of what FinFolio has to offer, but finfolio is the total package.

Cons: They're relatively small,...but that actually turns out to be a "Pro" as well, they have a dedicated group of industry experienced service people that understand the needs of a portfolio manager.

Overall: Ease of use, as well as great customer support! Being able to look at my entire practice at multiple levels and easy block trading as well as well as the most important clearing firm integrations!!! This software is lightyears ahead of the competition! It has allowed me to run my firm at the highest level of efficiency!