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Custom Wealth Management Software Development Services
In financial IT since 2005, ScienceSoft engineers secure and compliant wealth management solutions that streamline financial planning, enhance risk management, and enable high-yield wealth decisions.
Custom wealth management software development is aimed at building digital solutions tailored to the needs of wealth advisors, investment analysts, portfolio managers, account managers, and wealth management compliance experts.
ScienceSoft applies 35 years of experience in custom software development and 19 years in investment IT to engineer accurate and secure solutions that help wealth management firms improve operational efficiency, elevate customer experiences, and minimize risks.
Custom Software to Transform Your Wealth Management Processes End to End
Depending on your needs, ScienceSoft can create a specialized solution to automate particular wealth management tasks or an all-purpose system to transform your entire servicing workflow.
Solutions for wealth management operations
Financial planning and analysis software
Software that enables automated what-if analysis, Monte Carlo simulations, and forecasting of long-term outcomes across tailored cash flow, savings, retirement, estate, and tax scenarios. Custom solutions can accommodate proprietary risk and profitability models and automate the creation of personalized financial plans.
Tax planning and optimization software
Software that automates the calculation of tax liabilities for each client under various capital gain scenarios. It can auto-enforce tax-efficient sales and withdrawals based on user-defined rules. Advanced solutions offer real-time tax impact analysis and intelligent suggestions on the optimal tax-loss harvesting strategies.
Solutions that offer analytics-supported construction and optimization of multi-asset portfolios, taking into account yield opportunities, risks, tax efficiency, and compliance rules. They enable real-time portfolio performance and attribution analysis and automated asset reallocation based on company-specific rules.
Investment order management software
Wealth managers use such solutions to set up rule-based creation and execution of investment orders for their clients. Custom software can be integrated with third-party investment platforms and custodians’ systems for real-time trade progress monitoring and automated trade settlement.
Retirement planning tools
Software that supports dynamic forecasting of the client’s future income, expenses, and savings and goal-driven modeling of secure retirement strategies. It can provide comprehensive predictive analytics to identify the optimal social security, life & annuity insurance, borrowing, investment, and withdrawal strategies.
Estate and trust management software
Software aimed to automate wealth transfer planning, trust administration, cross-generation asset tracking, and inheritance modeling for high-net-worth individuals (HNWs). Custom solutions can support complex legal and tax structuring in compliance with varying estate laws of multiple jurisdictions.
Fund wealth management solutions
Software meant to streamline illiquid and alternative asset performance tracking and fund accounting for wealth management firms focused on private equity, venture capital, and hedge funds. It supports custom waterfall calculations and visualizations with straight-through processing of capital calls and distributions.
Private banking management software
Solutions that enable data-driven capital strategy planning and centralized management of HNWs’ domestic and foreign bank deposits, loans, mortgages, investments, estate, philanthropy activities, and more. They automate cash tracking and positioning across managed operating and treasury activities.
Robo-advisory tools
Algorithmic or AI-supported tools that let wealth management firms introduce affordable financial advisory options for individuals who are not ready to pay for full-scale wealth services. Robo-advisory solutions can automatically suggest optimal portfolio design and investment strategies based on client risk profiles, goals, and financial constraints. They enable real-time portfolio performance tracking and portfolio auto-rebalancing for maximized yield.
Solutions for general service operations
A centralized workspace to manage interactions with institutional and individual clients, process and store operational documents, track client-specific financial goals, portfolio performance, and deal flows. Advanced CRMs offer data-driven customer analytics and employ generative AI for automated client communication.
Client reporting tools
Solutions that apply rule-based algorithms and robotic process automation (RPA) to automatically generate and distribute client reports. Real-time reporting solutions feature interactive dashboards for wealth managers and clients to track dynamic changes across custom sets of wealth allocation performance metrics.
Digital platforms that provide self-service options for wealth management clients, including self-registration, account management, portfolio modeling, and investment order submission. Users can securely access the latest portfolio performance information and reports and communicate with wealth advisors via live chat tools.
Wealth data management solutions
Software that automates the integration, cleansing, enrichment, consolidation, and analysis of disparate data relevant to financial research and wealth management operations. Centralized data storage prevents data silos or duplication, eliminates manual data processing routines, and enables secure, permission-based access to the data for the company’s employees.
Compliance management solutions
Software that enables real-time monitoring of the wealth management operations’ compliance with the firm’s internal code of conduct and required regulations, including local standards. Such solutions automatically flag and report compliance breaches across areas like KYC, trade ordering, and disclosure reporting.
AI Techs to Drive Higher Wealth Management Software Value
Sources: Accenture, Deloitte & ThoughtLab, FNZ.
With decades of experience in implementing artificial intelligence (AI) for investments, ScienceSoft helps wealth management firms securely adopt AI technologies to further drive the efficiency of their service operations.
Machine and deep learning (ML and DL)
Use cases: predictive analytics, servicing process automation.
Reported benefits: 5–11%+ lower operational costs, up to a 4x increase in wealth manager capacity, improved accuracy of wealth and portfolio planning.
Use cases: automated processing of wealth management documents.
Reported benefits: 3x quicker data extraction from documents, up to a 95% reduction of manual document processing tasks.
Generative AI
Use cases: employee assistance, automated client communication and support, intelligent wealth advisory.
Reported benefits: a 7% increase in customer satisfaction (CSAT), up to a 2x decrease in the workload of wealth advisors and customer support teams.
Large language models
Use cases: automated consolidation and summarization of service-relevant data, financial data synthesis.
Reported benefits: investment research and investor reporting completed in minutes, improved speed and profitability of wealth decisions.
Many wealth management firms still delay AI implementation for fear of flawed and opaque AI output, which could lead to reputational and legal troubles. At ScienceSoft, we help our clients define the safe use cases for intelligent automation and create tailored AI models that showcase 90–95%+ accuracy. Applying interpretability techniques like SHAP and LIME helps us introduce transparent, explainable AI logic that simplifies the proof of ethical and compliant wealth management services.
Explore ScienceSoft’s Featured Success Stories
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Why Engineer Wealth Management Software With ScienceSoft
- Since 2005 in engineering custom solutions for the investment industry.
- Since 1989 in AI development to create intelligent wealth management solutions.
- Investment IT and compliance consultants with 5–20 years of experience.
- 60+ certified project managers (PMP, PSM I, PSPO I, ICP-APM) with experience in large-scale projects for Fortune 500 companies.
- Principal architects with hands-on experience in designing complex investment solutions and driving secure implementation of advanced techs.
- 550+ software engineers, 50% of whom are seniors or leads.
- Quality-first approach based on an ISO 9001-certified quality management system.
- Robust security management supported by ISO 27001 certification.
What makes ScienceSoft different
We deliver high-quality financial solutions no matter what
ScienceSoft delivers financial IT solutions that outperform competitors in logic accuracy, no matter the challenges posed by evolving customer expectations, changing regulations, or legacy system constraints.
Our Clients Share Their Experience With ScienceSoft
Our collaboration was a true partnership. The team was open, attentive to our requirements, and accurate in addressing them. The delivered solution is exactly what we needed.
We especially appreciate ScienceSoft’s professional approach to security issues, which were among our main concerns due to strict regulations.
The portal ScienceSoft delivered fully meets our expectations in terms of functionality and design. Now, we have a secure web platform to ensure seamless investor access to our crypto products.
Full-Cycle Wealth Management Software Development Services Tailored to Your Needs
Software consulting
ScienceSoft designs the optimal architecture, features, UX/UI, and tech stack for your custom wealth management solution. You also receive a detailed project plan that covers time and budget estimates and a pragmatic risk mitigation strategy.
Software engineering
ScienceSoft’s team handles the entire development process, including software design, coding, integration, and quality assurance. You obtain an MVP of your wealth management solution in 3–5 months. We can also provide after-launch software support.
Software modernization
ScienceSoft can redesign the architecture, UX/UI, and tech stack of your current wealth management solution, refactor legacy software code, and develop the required features. You get modern software swiftly and at a reduced cost.
Let’s Discuss Your Needs
If you need more details on ScienceSoft’s services, want a tailored offering, or have any other questions, feel free to schedule a discussion with our consultants. It’s free and non-binding.
Get the Critical Wealth Software Aspects Covered
Accuracy
You will get a wealth management solution with flawless logic that functions as intended, adheres to the necessary legal frameworks, and is protected against exploits.
Usability
Your wealth management teams and clients will enjoy frictionless experiences with the software and get quick access to the required data and tools.
Interoperability
Your solution will be securely connected with all necessary systems, including legacy corporate tools and innovative fintech services.
Longevity
You will obtain scalable, easy-to-upgrade wealth management software that will be growing in line with your business needs for 10+ years without inflating TCO.
Security
Your wealth management app and IT infrastructure will be protected against known and emerging threats, including attacks enabled by generative AI.
Compliance
Your solution will guarantee adherence to AML/CFT, SEC, GLBA, FINRA, IFRS, GDPR, NYDFS, and other necessary regulations of the regions you operate in.
Reliable Tech Stack to Develop Wealth Management Software
In ScienceSoft’s projects, we use the following technologies and tools to deliver high-quality and cost-effective wealth management solutions:
Costs of Wealth Management Software Development
Developing custom wealth management software may cost from $150,000 to $1,500,000+, depending on the solution’s functional scope, the number and complexity of integrations, UX/UI specificity, and the requirements for performance, scalability, security, and compliance.
Here are ScienceSoft’s ballpark cost ranges:
$150,000–$250,000
A wealth management client portal of average complexity. The portal covers self-service features for individual and institutional wealth owners and integrates with back-office wealth management systems for automated data sharing.
$250,000–$700,000+
A solution that provides rule-based and ML-supported automation of a particular wealth management operational area, e.g., financial modeling and forecasting, investment order management, or fund accounting.
$700,000–$1,500,000+
A large-scale automation system powered by AI and real-time analytics for a midsize wealth management firm. The system handles the full scope of tasks across a particular service direction, such as retirement planning or private banking.
Learn the Cost of Your Wealth Management Solution
Please answer a few simple questions prepared by ScienceSoft's consultants. Within 24 hours, our team will carefully review your project details and prepare a tailored estimate. We'll send it to your email free of charge.
Thank you for your request!
We will analyze your case and get back to you within a business day to share a ballpark estimate.
In the meantime, would you like to learn more about ScienceSoft?
- Project success no matter what: learn how we make good on our mission.
- Since 2005 in financial IT services: check what we do.
- 4,000 successful projects: explore our portfolio.
- 1,300+ incredible clients: read what they say.
*The estimates provided are not ScienceSoft's official offer for wealth software development. We estimate the cost of each project individually, based on each client’s specific needs.
