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RIA Software Solutions for 2026

Byline profile imageWritten by Rebecca Lake, CEPF®
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Byline profile imageEdited by Jeff White, CEPF®
Byline profile imageEdited by Patrick Villanova, CEPF®
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Software programs can help registered investment advisors (RIAs) and financial advisors run their businesses more efficiently. From tracking and analyzing data to generating reports to financial planning, these programs can help you organize and streamline your operations. If you’re looking to invest in software, it helps to know which RIA software solutions stand out from the crowd.

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What Types of Software Do RIAs Need?

There are different types of software programs that RIA firms may utilize in running their businesses. Some of the most commonly used software programs for advisors are designed to assist with:

The composition of your RIA tech stack depends on the size of your firm and what other systems you may already have in place to manage the tasks that are most essential to operations. As a general rule of thumb, the larger the firm and the more assets under management, the more software solutions may be needed to keep the business running smoothly.

Keep in mind that while all of these solutions can help you manage and run your firm more efficiently, none of them provide you with the right help to gain more clients on their own. For that, you may want to enlist the help of a lead generation service. Add new clients and AUM at your desired pace with SmartAsset’s Advisor Marketing Platform. Sign up for a free demo today.

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Popular RIA Software Solutions

If you’re making software investments for the first time, the range of options available may feel a little overwhelming. To simplify your search for the best software solutions for your firm, we’ve highlighted some of the options that rate the highest among RIAs and financial advisors. 

We’ve broken them down by category to give you a snapshot of which tech tools advisors are using now.

New Client Onboarding and Compliance Software Solutions for RIAs

New client onboarding software can make it easier to streamline and standardize the onboarding process. Surprisingly, just 15.84% of advisors use onboarding software according to the T3/Inside Information 2025 Software Survey. 1 The survey assesses the popularity of more than 900 software solutions among advisory firms of all sizes. 

If you’re ready to streamline onboarding processes, you might consider these software options. 

  • iDenfy: iDenfy is an all-in-one software solution for identity verification, fraud prevention and compliance. The program uses AI-powered biometric recognition services with 24/7 human monitoring and makes it easier for RIAs to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) guidelines. You pay only for successful ID verifications, which may save up to 70% of user onboarding costs.
  • Moody’s MaxSight: MaxSight, formerly PassFort, is a unified risk management tool that offers comprehensive tracking of the client life cycle, beginning with the onboarding process. The platform allows for the implementation of smart policies, is customizable to fit your firm’s risk profile and is accessible through a user-friendly, secure portal.
  • ComplyCube: ComplyCube is a leading digital onboarding software program designed for use in the financial services industry, and it’s particularly suited to firms that are focused on growth. The software incorporates KYC, KYB (Know Your Business), AML and identity verification solutions to verify customer identities in seconds with cost-effective, global coverage.

Financial Planning RIA Software Solutions

Two RIA advisors looking at their latest software solution

Financial planning software programs can help RIAs with everything from analyzing cash flow to long-term planning. Approximately 84% of advisors use a financial planning tool, according to the T3/Inside Information survey. 

As financial planning software goes, the following programs are the most popular among advisors.

  • eMoney: eMoney is a top-rated financial planning software used by RIAs and financial advisors, with a 28.20% market share overall. The program is designed to make it easier for financial professionals to organize data, generate reports and update financial plans while increasing client engagement and building stronger relationships.  There are three subscription tiers available to fit firms of different sizes, as well as an enterprise solution.
  • MoneyGuide: MoneyGuide is a comprehensive financial planning solution that’s designed to fit the needs of most any advisor, including RIAs who work with ultra-high-net-worth clients. The software is lifestyle-focused and designed in a way that encourages clients to define and prioritize their goals while making it easier for RIAs to adjust financial plans to account for life changes. There are three dynamic configurations you can choose from to meet individual client needs. 
  • RightCapital: RightCapital is an advisor- and client-focused software that focuses on several key areas of financial planning, including taxes, estate planning and retirement. The program is designed to be easy to use and comprehensive, and beyond financial planning, it offers access to the RightIntel interface, which offers a visual summary of your business’s key metrics and opportunities for growth. 

Risk Tolerance Analysis Software Solutions for RIAs

Understanding clients’ risk tolerance is central to financial planning and portfolio management. Risk tolerance software programs, which are used by approximately one-third of advisors, can make it easier and less time-consuming to conduct portfolio and risk tolerance analysis.

Here are three possibilities you might consider including in your tech stack. 

  • Kwanti: Kwanti is a smart analytics software program that’s designed to assist advisors with portfolio analysis, model management and client acquisition. It’s geared toward advisors and RIAs who are looking for a way to balance building their business with maintaining it. Kwanti integrates with a number of other top tech tools for advisors, including Redtail CRM.
  • Nitrogen: Nitrogen offers a software solution for wealth managers and RIAs that focuses on risk and it’s the program advisors use most, according to the T3/Inside Information survey. Riskalyze is a specific feature that’s designed for advisors who want to make it easier for clients to visualize their risk tolerance, risk capacity, proposed risk and portfolio risk. Nitrogen’s Risk Engine, meanwhile, can help you manage operational risk and scale compliantly. 
  • FactSet: FactSet takes a multi-faceted approach to risk tolerance and data analysis. This software is designed to help with everything from quantitative research and portfolio analytics to portfolio and wealth management. FactSet makes it easy to compare multiple asset classes and quickly share information across your team for improved efficiency.

Portfolio Management and Reporting Software Programs for RIAs

Portfolio management software allows RIAs to analyze client portfolios and generate reports in order to track progress and goals. This type of software may be essential to your business if you’re working with a larger number of clients.

Here are three software solutions advisors frequently rely on: 

  • Envestnet: Envestnet offers an ecosystem of solutions that are designed to help RIAs in the wealth management space run their practices more effectively. Some of the areas covered by the program include trading, estate and legacy planning, direct indexing and tax management. Envestnet emphasizes personalization, streamlined management and holistic wealth solutions to help advisors grow.
  • Orion: Orion includes everything RIAs need to advance their businesses, including portfolio accounting, financial planning and tax-intelligent trading. This software solution is designed for independent advisors, advisors who serve high-net-worth clients and growth-focused RIAs. Redtail CRM is also incorporated into the software, which could be appealing to RIAs who don’t want to purchase separate CRM solutions.
  • Morningstar Office: Morningstar Office fully integrates Morningstar data, tools and analysis while automating back-office tasks to help RIAs save time. It’s designed for advisors who want to have more meaningful conversations with clients and prospects. This software program is scheduled to sunset in 2026, however, existing users have the opportunity to migrate  to SS&C’s Black Diamond platform, which now integrates with Morningstar’s Direct Advisory Suite.

CRM Software for RIAs

Customer relationship management software enables RIAs to keep track of details for current and prospective clients in one place. This type of software can help you better understand client needs, which can help to increase loyalty and boost retention rates.  

  • RedTail: RedTail is a leading CRM software solution for financial services professionals and was the first cloud-based CRM to be created. Redtail CRM is the number one choice among advisors, according to the T3/Inside Information survey, thanks in part to its ease of use, widespread integration capabilities and customer support.
  • Advisor Engine: Advisor Engine is a complete wealth management software program that incorporates CRM solutions, performance reporting, digital onboarding and fee billing. It’s tailored to RIAs and advisors who are looking for solutions to streamline the client experience while running their business more effectively. This CRM offers a secure client portal, which your clients may appreciate if they’d like to be able to track their portfolios or message you with questions. 
  • Wealthbox: Wealthbox offers a simplified approach to wealth management and includes everything RIAs and advisors need to stay connected with clients, as well as members of your team. From contact management to reporting to scheduling, Wealthbox CRM takes the guesswork out of overseeing your client roster. One of the latest feature upgrades is the addition of an AI notetaker to help you capture client meetings seamlessly.

Marketing Platform for RIAs

Digital marketing software can help with a variety of tasks, including:

  • Content creation and search engine optimization (SEO)
  • Analytics and campaign monitoring
  • Email marketing and social media marketing
  • Digital ad campaign creation
  • Branding
  • Automation
  • Lead generation

Some of the tools in your tech stack may include marketing capabilities, eliminating the need to purchase additional software. Nitrogen, for instance, has features designed to help you acquire and retain new clients. 

If you’d prefer a standalone solution, SmartAsset AMP provides automated lead generation and nurturing in a single subscription. This means that you can get qualified leads vetted and even receive a live connection to facilitate that first conversation. This platform integrates with common CRMs and you can send automated nurture campaigns to help with prospects who require a longer sales cycle.

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Bottom Line

A RIA owner looking at a new software solution and taking notes.

Choosing the right software solutions for your firm begins with understanding the unique needs of your business and your clients. When comparing different software options, it’s helpful to look at the features and benefits, as well as the overall user experience, customer support and pricing. That can help you to avoid choosing the wrong program, which could result in time and money wasted if you eventually have to replace it with something else. If you’re interested in taking software for a test run, consider asking whether a free demo might be scheduled so you have an opportunity to explore its inner workings.  

Tips for Growing Your Advisory Business

  • Unfortunately, software alone won’t help you find new clients. SmartAsset AMP (Advisor Marketing Platform) is a holistic marketing service financial advisors can use for client lead generation and automated marketing. Sign up for a free demo to explore how SmartAsset AMP can help you expand your practice’s marketing operation. Get started today.
  • Compliance is a critical area of focus for advisors, especially as regulations are updated and new trends emerge. Incorporating compliance software into your business can make it easier to identify potential risk areas and address them before a compliance violation occurs.  

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Article Sources

All articles are reviewed and updated by SmartAsset’s fact-checkers for accuracy. Visit our Editorial Policy for more details on our overall journalistic standards.

  1. Veres , Bob, and Joel Bruckenstein. T3/Inside Information Software Survey. T3 Technology Hub/Inside Information, 2025.
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