Compliance software for asset managers, fiduciaries and family offices: the options
Updated: 2026-11
There are five ways to run AML and KYC duties: spreadsheets with structured filing, specialised screening and KYC services, compliance modules in portfolio or banking software, operating platforms for family offices such as FLIORE, and custom development. Which fits depends on the number of mandates, structural complexity and existing systems.
Independent asset managers, fiduciaries, family offices and, since October 2026, certain advisers carry the same duties: identification, beneficial owners, risk rating, screening, periodic reviews and documentation. The tools for them differ widely.
This overview categorises the options without rating individual vendors. Features and prices change constantly and should be checked with each provider.
The options at a glance
Spreadsheets and structured filing
Best for: Very few, simple mandates.
No licence cost, but no audit trail or deadline management; effort grows with every structure and every audit.
Specialised screening and KYC services
Best for: Organisations with high volumes of sanctions and PEP checks.
Strong at matching but usually do not cover mandate structure, documents and periodic reviews.
Compliance modules in portfolio or banking software
Best for: Asset managers whose work relies on an existing portfolio system.
Close to position data, often weaker on complex structures with trusts, foundations and intermediate companies.
Family office operating platform (FLIORE)
Best for: Boutiques, fiduciaries and family offices with linked structures.
Mandates, beneficial owners by jurisdiction, KYC, document vault and audit trail in one system; for pure large-scale reporting there are more specialised tools.
Custom development
Best for: Larger firms with special processes and own development capacity.
Full fit, but permanent responsibility for maintenance, security and regulatory changes.
When an alternative is the better choice
Anyone with only a few simple mandates and no audit with large samples can manage with well-kept spreadsheets and clear filing.
Anyone mainly needing high-volume sanctions and PEP checks is better served by a specialised screening service, possibly alongside an operating platform.
Anyone already using a portfolio system with a usable compliance module and simple structures needs no additional system.
FAQ
Do I need several tools?
Sometimes. An operating platform and a specialised screening service can complement each other when matching volume is high.
How do I move from spreadsheets?
In FLIORE a CSV export is enough; columns are mapped automatically and entities become mandates.
Does software replace the compliance function?
No. It makes its work more efficient and demonstrable.
FLIORE
FLIORE is built for operations: mandates with linked people, companies, trusts and foundations, beneficial owners assessed under the rules of their jurisdiction, KYC with periodic reviews and audit trail, and an encrypted document vault.
Data stored in Switzerland, tenant isolation via row level security and no training of AI models on client data.