Running an RIA firm is a juggling act. There are so many balls you have to keep in the air: managing client relationships, creating comprehensive financial plans, tracking performance, and staying compliant, just to name a few.
When you’re also trying to scale, it can be even more overwhelming. It’s not always easy to deliver the personalized advice your clients deserve, while also growing your business and keeping your operations running smoothly.
Fortunately, the right financial analysis software can make your entire team more efficient and impactful, while also improving your client service.
These tools don't just crunch numbers; they help you automate routine tasks, create interactive dashboards that make client interactions more engaging, and provide the data analysis you need to make smart business decisions on how to grow your practice and increase your profitability.
This guide explores 20 popular financial analysis software solutions for RIAs that can help transform how your team works in 2025 and beyond.
5 benefits of using financial analysis software at your firm
Here are five ways financial analysis software makes it easy to work smarter (not harder), communicate more effectively with clients and team members, and scale your practice easily and efficiently, while increasing your profitability.
Automate time-consuming tasks
Financial analysis software uses automation to reduce the time your team spends on manual data entry and report generation, freeing them up for higher-value advisory work.
Enhance your financial planning capabilities
Advanced analytical capabilities can streamline cash flow modeling, forecasting, budgeting, and scenario analysis. These tools help you create more accurate forecasting reports and develop comprehensive strategies tailored to each client's specific needs.
Create more engaging dashboards and client presentations
Data visualization tools can transform complex financial data into clear, engaging presentations that help clients easily understand their current portfolio and make informed decisions.
Optimize your operations
Business intelligence features help you analyze your firm's financial performance, plan for growth, track profitability, and make strategic planning and forecasting decisions. Real-time data gives you the insights you need to boost your profitability without stressing out your team.
Scale efficiently as you grow
Cloud-based financial analysis tools grow with your practice, supporting increasing client counts, evolving KPIs, and more complex analytical needs without requiring you to switch systems later. (Because you already have enough on your plate.)
What features to look for when choosing financial analysis software
When evaluating financial analysis software for your RIA, prioritize tools that are easy to use (for you and your clients), make your team more efficient, and simplify the hard stuff, such as compliance and cybersecurity.
User-friendly interface
Your team is busy. The last thing you need from any new financial analytics software is a lengthy onboarding and training process. The best financial analysis tools balance sophisticated analytical capabilities with ease of use for both advisors and clients.
You want to get the most value out of every feature without having a billion questions for your IT team every time you log in.
Robust automation capabilities
This is the secret to scaling your firm. Choose platforms that automate data integration and other time-consuming processes that hold you back from meeting your KPIs.
Automation reduces manual errors and makes your finance team more efficient. It also frees up your time for more strategic work, which helps maximize your ROI.
Compliance and security features
You shouldn't have to choose between powerful functionality and peace of mind. The best cloud-based financial analysis software handles the complex compliance and cybersecurity requirements so you don't have to.
Customizable dashboards and reporting
Look for software that offers dashboards tailored to each advisor, team, and client.
Customizable financial reporting lets you present financial data in a way that resonates with different stakeholders, supports their decision-making processes, and responds in real time to new inputs and considerations.
Advanced forecasting and budgeting tools
Essential features such as cash flow modeling, scenario planning, and predictive analytics help you create more accurate projections and test different assumptions for clients in real time.
You can also use these forecasting insights to improve your own business performance.
Strong data integration capabilities
Ensure the software connects with your CRM, accounting software, and other tools in your tech stack. Look for platforms that can consolidate information from various data sources as they’re updated so you’re always working with the most up-to-date information.
Comprehensive analytics tools
Look for platforms that offer in-depth financial analysis, metrics analysis, and business intelligence features. These tools should support both client-focused analysis and firm-level performance monitoring. They should also make tracking KPIs easy.
Responsive support and scalability
No matter how intuitive a tool is, you're bound to have questions. Look for platforms that offer human customer support, not just AI chatbots, when you need help with automations, data integrations, financial modeling, and other features or technical issues.
20 financial analysis software solutions for RIAs in 2025
Ready to take advantage of all these features and more? Here are some of the top financial analysis software platforms that you can use to enhance your practice and streamline your workflows.
RightCapital
RightCapital’s easy-to-use software offers powerful tools to simplify planning, enhance client engagement, and help your firm scale more efficiently. The platform combines comprehensive financial planning and analysis capabilities with modern data visualization and intuitive dashboards.
RightCapital also provides cash flow analysis, scenario modeling, and interactive client tools such as Snapshot™ plan summaries and Blueprint™ visuals to help you and your clients easily see the big picture of their financial data.
The platform integrates with leading custodians and portfolio management systems, enabling real-time data flow and automated updates.
Key features:
Interactive investment and financial planning, as well as cash flow analysis
RightRisk™ risk assessment with customizable questionnaires
Snapshot™ plan summaries and Blueprint™ client visuals
RightIntel® business intelligence for firm analytics
Secure client portal and mobile app
Integration with 40+ custodians and financial platforms
Friendly, human-powered customer support
Addepar
Addepar is a technology platform that specializes in data aggregation, analytics, and portfolio reporting for complex investments. Addepar integrates with RightCapital to provide consolidated balance sheet views and detailed investment performance analysis.
Key features:
Data aggregation across all asset classes
Portfolio analytics and financial reporting
Custom client dashboards and financial data visualization
Real-time data feeds and operational automation
Advanced reporting templates for complex portfolios
PershingX (formerly Albridge)
Pershing X is a technology provider and business unit of BNY Mellon | Pershing with the mission to incubate, engineer, and deliver breakthrough solutions that will transform the advisory market.
Key features:
Centralized client data management
Integrated business intelligence and financial reporting
Portfolio analytics and performance tracking
Client communication tools and dashboards
Workflow automation and operational efficiency features
Black Diamond
Black Diamond provides portfolio management and wealth management capabilities including accounting, performance reporting, trading, and rebalancing.
Black Diamond integrates with RightCapital and now includes Morningstar Office, which enhances investment analytics and provides deeper research capabilities for financial analysis.
Key features:
Portfolio accounting and performance reporting
Trading and rebalancing automation
Client relationship management tools
Data aggregation and reconciliation
Morningstar Office research integration
CircleBlack
CircleBlack aggregates account data across custodians and delivers portfolio analytics with CRM integration capabilities. CircleBlack integrates with RightCapital to simplify portfolio visibility and enhance client engagement.
Key features:
Multi-custodian account aggregation
Portfolio analytics and performance reporting
Billing support and fee management
CRM integrations and client communication tools
Customizable dashboards and financial reporting templates
Envestnet | Tamarac
Envestnet | Tamarac has established itself as a comprehensive suite that provides portfolio management, reporting, trading, and rebalancing tools for advisors. Tamarac integrates with RightCapital to create a centralized hub for analytics and operational efficiency.
Key features:
Portfolio management and rebalancing automation
Financial reporting and performance analytics
Trading tools and execution management
Business intelligence and firm-level metrics
Client portal and communication features
eMoney
eMoney describes itself as a comprehensive financial planning solution that provides interactive planning, cash flow modeling, and business intelligence tools. eMoney offers dynamic dashboards to help advisors engage clients and identify growth opportunities.
Key features:
Client portal with secure document sharing
Business analytics and performance tracking
Account aggregation and data integration
Customizable performance reporting and presentation tools
MoneyGuidePro
MoneyGuidePro focuses on goal-based financial planning with intuitive budgeting and forecasting tools. The platform's scenario modeling capabilities help advisors tailor recommendations and enhance client communication.
Key features:
Goal-based planning and budgeting tools
Scenario analysis and forecasting capabilities
Risk tolerance assessment and portfolio analysis
Client engagement tools and interactive presentations
Integration with various financial platforms
Other financial analysis tools to consider
In addition to more comprehensive platforms, your finance team may also consider specialized software tools that focus on specific functionality and workflows such as billing, financial data analysis, or portfolio accounting.
These solutions often complement your existing tech stack while streamlining particular tasks.
Advyzon: Combines CRM, billing, financial performance reporting, and client portals in one comprehensive technology platform.
AssetBook: Offers performance analytics and portfolio reporting specifically designed for RIAs.
Blueleaf: Provides account data aggregation and client-facing reporting tools for financial advisors.
Bridge FT: Delivers wealth management infrastructure with portfolio analytics and API support capabilities.
Capitect: Features custom dashboards, performance tracking, and rebalancing tools for advisors.
DST Vision: Operates as a centralized financial performance reporting platform designed for advisors and broker-dealers.
FinFolio: Specializes in portfolio accounting, billing, and analytics with customization options for advisory firms.
Investigo: Part of Broadridge Wealth Aggregation & Insights, Investigo provides data aggregation and business intelligence for financial professionals.
Morningstar Advisor Workstation: Delivers investment research and financial modeling tools.
Orion: Offers portfolio management and business intelligence capabilities for financial advisors.
Panoramix: Focuses on billing and performance reporting designed specifically for advisory firms.
Wealth Access: Aggregates account data and supports business analytics. Wealth Access integrates with RightCapital.
Conclusion
The right financial analysis software makes life easier for you, your team, and your clients by automating routine tasks, improving client communication, and simplifying the decision-making process.
The tools highlighted in this guide help with various aspects of financial analysis, from full-blown comprehensive planning solutions to specialized tools built for specific needs and functionality. It’s helpful to consider your firm's growth goals, existing tech stack, and client obligations when making your selection.
But don’t stop there. Look for software that's easy to use and won’t bog your team down with complicated implementation processes or data analysis workflows. Because you can’t streamline your workflows if you’re struggling with your software.
RightCapital’s intuitive interface helps make your team more efficient, so you get the most ROI out of your software and increase your profitability. And if you do have questions, the friendly, 100% human support team is ready to help, allowing you to focus on serving your clients, not fighting your technology.
Ready to see how RightCapital's financial analysis capabilities can work with your existing tools? Try a RightCapital demo and experience interactive visuals, cash flow analysis, and scenario modeling for better client and business decisions.
Financial analysis software FAQ
What is financial analysis software?
Financial analysis software helps advisors evaluate client financial data, create forecasting models, and generate comprehensive reports.
These tools support budgeting, scenario planning, and business intelligence by analyzing financial statements, cash flow patterns, and performance metrics to inform strategic business decisions without drowning in spreadsheets.
Is Excel used for financial analysis?
Microsoft Excel and Google Sheets remain popular for custom financial modeling and quick calculations, but dedicated financial analysis software offers significant advantages over old-school spreadsheets.
Modern platforms provide automation, real-time financial data integration, interactive dashboards, client-facing features, and other functionality that Microsoft Excel spreadsheets simply can’t match.
What are financial modeling tools?
Financial modeling tools allow advisors to simulate scenarios based on client goals, cash flow assumptions, financial statements, and market conditions.
These tools support retirement planning, tax analysis, budgeting, and scenario analysis by creating predictive models that help clients understand potential outcomes and guide their decision-making.
Book a demo and explore interactive visuals, cash flow analysis, scenario modeling, and more to better support and engage your clients.