★ BEST INVESTING TOOLS COMPARISON ★
VOL. XCIV, NO. 247
Tool comparison edition
Tool Comparison
Envestnet Wealth Management Platform vs Masttro
Pick Envestnet Wealth Management Platform if
Envestnet Wealth Management Platform
Contact for pricing · Web · Mobile · API
- You care about webhooks, something Masttro doesn't offer
Pick Masttro if
Masttro
Subscription · Web · Mobile · API
- You care about custom dashboards and audit trail / supervision, things Envestnet Wealth Management Platform doesn't offer
Skip both if: Neither one clicks with how you research; there are strong third options.
See alternativesOutbound links may include affiliate or sponsor codes.
Our take
The bottom line
Envestnet Wealth Management Platform and Masttro cover a lot of the same ground (5 shared categories, including wealth management, portfolio, and advisor operations), so for the basics you won't go far wrong with either. The real difference is focus: only Envestnet Wealth Management Platform gives you webhooks, and only Masttro gives you custom dashboards and audit trail / supervision.
What readers say
Envestnet Wealth Management Platform
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Masttro
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See for yourself
How they stack up
The side-by-side table: pricing, platforms, data, and coverage at a glance.ShowHide
How they stack up
The side-by-side table: pricing, platforms, data, and coverage at a glance.| Attribute | ||
|---|---|---|
| Pricing & plans | ||
Starting price | Contact for pricing | Subscription |
Free tier | No | No |
Free trial | — | — |
| Platforms & access | ||
Web app | Yes | Yes |
Mobile app | Yes | Yes |
API access | Yes | Yes |
Broker sync | Yes | Yes |
Integrations | Schwab, Fidelity +9 more | 700+ direct custodian data feeds |
| Audience & fit | ||
Experience level | Intermediate, Advanced | Advanced |
Best for | Institutional Investors, Financial Advisors +3 more | Family Offices, RIAs / Wealth Firms +3 more |
Categories covered | 6 | 7 |
Regions | North America, Europe, APAC, LatAm, Middle East, Africa | North America, Europe, LatAm, APAC |
| Data & capabilities | ||
Data quality | Multi-currency | Multi-currency |
Capabilities | 24 signals: Monte Carlo, Broker sync +22 more | 18 signals: Broker sync, Multi-currency +16 more |
Security | 4 signals: SOC2, SSO: SAML +2 more | 6 signals: SOC2, ISO27001 +4 more |
| Try it | Visit Envestnet Wealth Management Platform | Visit Masttro |
Where each one shines
What Envestnet Wealth Management Platform and Masttro each do best.ShowHide
Where each one shines
What Envestnet Wealth Management Platform and Masttro each do best.What Envestnet Wealth Management Platform does best
- Tools for running advisor workflows from financial planning and proposals through account opening, trading, reporting, billing, and ongoing client review.
- Envestnet | Tamarac modules for model management, account monitoring, trading, rebalancing, reconciliation, portfolio analysis, client reporting, and billing.
- Tools for building UMA and model-portfolio workflows with sleeve-level management, proposal tools, custom models, and personalization at scale.
- MoneyGuide, BillFin, Payments, Data & Analytics, and Yodlee capabilities where the firm licenses the relevant modules.
- Management tools for advisory billing with AUM fee schedules, household billing, advance or arrears billing, proration, invoices, reminders, fee splitting, and custodian file exports.
What Masttro does best
- Consolidate total net worth across public securities, cash, bonds, mutual funds, private equity, hedge funds, venture capital, private credit, real estate, lifestyle assets, crypto, entities, currencies, and geographies.
- 700+ direct custodian data feeds, avoiding screen scraping and third-party aggregation intermediaries where direct feeds are available.
- Monitoring multi-custodian performance, FX-aware dashboards, cash-flow projections, and account views by legal entity, family member, manager, or other filters.
- Management tools for alternatives workflows with capital calls, distributions, fees, closed-end fund cash flows, valuation updates, and cash-flow auditability.
- Modeling for portfolios, investment policies, concentration limits, diversification rules, restrictions, blended benchmarks, and drift monitoring.
Every detail we compared
Every tracked attribute for Envestnet Wealth Management Platform and Masttro, side by side.ShowHide
Every detail we compared
Every tracked attribute for Envestnet Wealth Management Platform and Masttro, side by side.| Attribute | ||
|---|---|---|
| Coverage & fit | ||
Asset types | StocksETFsMutual FundsFundsBondsReal EstateHedge FundsPrivate Funds | StocksBondsMutual FundsHedge FundsPrivate FundsReal EstateCryptosOther |
Experience | IntermediateAdvanced | Advanced |
Target audience | Institutional InvestorsFinancial AdvisorsRIAs / Wealth FirmsFamily OfficesAsset Managers | Family OfficesRIAs / Wealth FirmsFinancial AdvisorsAsset ManagersInstitutional Investors |
Regions | North AmericaEuropeAPACLatAmMiddle EastAfrica | North AmericaEuropeLatAmAPAC |
| Access & integrations | ||
API protocols | REST | Not specified |
API auth & delivery | Auth: APIKeyWebhooksDocs | Not specified |
Import methods | Not specified | CustodianManual |
Integrations | SchwabFidelityRBCInteractive BrokersFolio InstitutionalLPL FinancialWealthboxSS&C Salentica+3 more | 700+ direct custodian data feeds |
Export formats | CSVExcel | CSVPDF |
| Plans & trust | ||
Security & compliance | SOC2SSO: SAMLEncryption at restEncryption in transit | SOC2ISO27001Data residency: OtherEncryption at restEncryption in transitRole-based access |
Capability signals | Monte CarloBroker syncCorrelationHouseholdingAlternatives supportDrift monitoringModel portfoliosSleeve-level+16 more | Broker syncMulti-currencyHouseholdingMulti-entity structuresAlternatives supportDrift monitoringModel portfoliosCash management+10 more |
Vendor & support | Envestnet, Inc.Country: USSupport: Email | MasttroCountry: United StatesFounded 2010Support: Email |
Green tags are exclusive to that tool in this comparison.
What you'll actually pay
Plans, billing, trials, and per-month pricing for both tools.ShowHide
What you'll actually pay
Plans, billing, trials, and per-month pricing for both tools.| Tier | ||
|---|---|---|
| Entry paid plan | — | Subscription“Fixed annual license” |
| Custom / enterprise | Contact sales“Enterprise / Platform License” | — |
Questions we keep getting
What's the difference between Envestnet Wealth Management Platform and Masttro?
Envestnet Wealth Management Platform leans toward wealth management, portfolio, and advisor operations, while Masttro puts more weight on wealth management, advisor operations, and portfolio. They overlap in 5 categories, so for most people it comes down to workflow preference and price.
How much do Envestnet Wealth Management Platform and Masttro cost?
Neither has a free plan; you'll need a paid subscription for the full feature set of either. Check each tool's current plan details before buying.
Do Envestnet Wealth Management Platform and Masttro have APIs?
Yes, both offer API access, so developers and quants can pull data programmatically or wire up their own integrations.
Should I choose Envestnet Wealth Management Platform or Masttro?
It depends on what you're after. Pick Envestnet Wealth Management Platform if webhooks matter to you; go with Masttro if you'd rather have custom dashboards and audit trail / supervision. And if you only need the basics both share, let price decide.
What asset classes do Envestnet Wealth Management Platform and Masttro cover?
Both cover stocks, mutual funds, bonds, and real estate. Envestnet Wealth Management Platform also handles ETFs and funds. Masttro adds cryptos and other on top.
Can I export data from Envestnet Wealth Management Platform and Masttro?
Yes, both export to spreadsheets (CSV), which is handy if you like running your own numbers.
Can Envestnet Wealth Management Platform or Masttro connect to my broker?
Yes, both connect to brokers, so your portfolio syncs automatically instead of you keying in every trade.
Can I track my portfolio with Envestnet Wealth Management Platform or Masttro?
Yes, both do portfolio tracking: holdings, performance, and allocation in one place.
Keep researching
Other tools you might like
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Feedback
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Curation & Accuracy
This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).
Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.