Masttro vs Addepar: which consolidated reporting platform?
Two credible answers to consolidation that start from different questions: Masttro from the family's whole balance sheet, Addepar from institutional-grade portfolio reporting.
| Metric | Masttro | Addepar |
|---|---|---|
| Tier | Established | Established |
| Best for | Family offices wanting one live view of total net worth | MFO / RIA consolidated reporting at scale |
| Pricing | Quote-based (demo) | Quote-based (demo) |
| Vendor | Demo(opens in a new tab) | Demo(opens in a new tab) |
Our verdict
Choose by which picture matters more. Addepar is the stronger institutional reporting engine: performance attribution across complex portfolios, deep custodian and integration coverage, and the scale credibility MFOs and RIAs buy infrastructure on. Masttro is the stronger total-wealth product: private assets, property, collectibles and liabilities as first-class citizens, with the documents vaulted against the structure. A hundred-client MFO reporting to sophisticated boards leans Addepar; a family that wants one live, complete picture of what it owns and owes leans Masttro. Both are quote-priced, demo-only purchases — make each vendor cost the implementation and historical data migration in writing, because that line item, not the licence, is where budgets go wrong. Neither vendor pays us anything; both links route to their own sites.
Pick Masttro if
You are a wealth owner or single-family office whose priority is the complete net-worth picture — bankable and non-bankable — with documents living where the numbers do.
Try Masttro(opens in a new tab)Pick Addepar if
You are an MFO, RIA or large office whose priority is institutional-grade performance reporting across complex portfolios, with the integration bench to anchor a full stack.
Try Addepar(opens in a new tab)Read the full reviews: Masttro ·Addepar.
Frequently asked questions
Do Masttro and Addepar handle alternatives?
Both do, differently. Addepar is strong on alternatives inside a performance-reporting frame — funds, private equity, capital calls within portfolio analytics. Masttro treats the whole non-bankable side, including property, collectibles and liabilities, as core to its net-worth view. Match the emphasis to your balance sheet, and verify handling of your specific asset types in the demo.
What do they cost?
Neither publishes pricing; both quote per engagement based on assets, entities, users and data history. Industry experience puts enterprise consolidated reporting at tens of thousands of dollars annually and up, with implementation and historical data migration as significant one-time costs. Get the migration priced in writing before comparing licence quotes.
Are their security certifications verified?
Both vendors publish security and compliance claims in their own materials — SOC-type attestations, encryption standards, hosting arrangements. We deliberately report these as vendor statements rather than verified facts: request the current attestation reports directly under NDA during diligence, which is standard practice at this level.
Could an office use both?
Some large offices do run an institutional reporting engine alongside a family-facing total-wealth view, but for most, two overlapping platforms means double the data plumbing and reconciliation. Decide which picture is primary, buy for that, and close the gaps with the accounting layer rather than a second aggregator.
Outbound links route to each vendor's site — we earn nothing from these listings — see our disclosure.