The platform provides real-time wealth visualisation, combining diverse assets and liabilities into a single interactive dashboard. Credit: garagestock/Shutterstock.

Wealth technology solutions provider Masttro has launched a next-generation wealth management platform to better manage wealth data for family offices, registered investment advisors (RIAs), and wealth managers.

Family offices and wealth managers often struggle with limited asset management visibility and performance tracking, requiring extensive manual data compilation.

Additionally, the impending transfer of an estimated $84tn in wealth over the next two decades to a more technologically adept generation demands more instantaneous, interactive access to comprehensive wealth insights, according to the company.

Masttro’s advanced platform features a modular architecture that leverages artificial intelligence (AI) for automation and a user-focused design, addressing the evolving needs of contemporary wealth management.

Through a single interactive dashboard, the platform provides a comprehensive view of wealth, from liquid and illiquid investments to liabilities and passion investments.

It features a suite of tools for direct data aggregation and AI-powered document extraction, forming the foundation for dynamic, real-time analysis and reporting.

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The platform offers real-time wealth visualisation, integrating various asset classes and liabilities into a unified, interactive dashboard.

Masttro CEO Padman Perumal said: “Masttro is committed to continuously innovating and providing world-class technology that allows our customers to better service their UHNW clients.

“Our AI-powered platform is saving a tremendous amount of time and effort at family offices and wealth management institutions in giving wealth owners a comprehensive understanding of their portfolios and total net worth.”

The AI-driven efficiency of the platform enhances document extraction and data aggregation, significantly reducing manual workload.

Its API facilitates seamless integration with other systems, ensuring a cohesive wealth management ecosystem. Moreover, the platform’s customisation options enable firms to offer personalised experiences.

As Masttro continues to deploy its platform, further improvements and new modules are anticipated for early 2025.

Masttro co-founder and president Domingo Viesca said: “Innovation is about seeing the possibilities others overlook and making them a reality.

“This platform exemplifies our commitment to redefining what’s possible in wealth management by putting our customers’ needs at the forefront.”

In 2023, Masttro secured $43m in growth equity funding led by FTV Capital, with participation from Citi Ventures, to support its expansion into new markets.