Flanks vs Abbove

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Flanks company logo, open banking and data aggregation platform for family offices and wealth managers

Flanks

Category
Advisors

Flanks is a WealthTech company redefining the industry through data-led insights and automation. Its modular, all-in-one platform empowers financial institutions โ€” including private banks, family offices, asset managers, pension plan providers, and technology firms โ€” to deliver faster, high-quality, and hyper-personalised advisory services.

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abbove paxfamilia

Abbove

Category
Consolidated Reporting

Abbove develops a wealth planning technology for financial advisors that want to serve their clients with a structured and holistic approach to their wealth. This Belgian platform enhances considerably cooperation by uniting advisors, their clients, data and technology in one place.

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Company
Employees

100-500

Revenue

-

Founded

2019

Incorporated

-

Locations

  • Barcelona
  • Madrid
  • Paris

Top 5 Markets

  • France
  • Spain
  • United Kingdom
  • Sweden
  • Brazil

Total AUM

39B

Avg. AUM per client

-

Ownership

Owned by management


  • 11-50


  • $2 million


  • 2017


  • Owned by management
  • Key staff also have ownership
  • Owned by a larger corporation


  • Belgium


  • Brussels


  • France
  • Luxembourg
  • Belgium
  • Switzerland
  • Monaco


  • $100 billion+


-

Client
Focus

Banks

Secondary focus

  • Banks
  • Brokerages
  • Custodians
  • Exchange platforms
  • Fund managers
  • Individual wealth owners
  • Investment & Financial Advisors (RIAs/IFAs)
  • Multi-family offices
  • Pension Plan Providers
  • Single family offices
  • Software and technology providers

-


  • Multi-family offices


  • Single family offices
  • Multi-family offices
  • Asset managers
  • Fiduciaries


  • 900+ advisors
  • 26k+ families (end-users)

Product
Main Tasks

  • Advisors
  • Artificial Intelligence
  • Compliance
  • Data
  • Data Aggregation
  • Portfolio Management
  • Reporting
  • Security & Risk

Top features

  • Ability to Whitelabel
  • AI Powered
  • Consolidated View
  • Custom Reports
  • Data Ingestion
  • Full Multi-Currency Support

Assets supported

  • Alternatives
  • Art & Collectibles
  • Bankable or Financial Assets & Fund
  • Cash & Equivalents
  • Commodities
  • Cryptocurrency
  • Developing Markets Fixed Income
  • Digital Assets & Crypto Currency
  • Lifestyle Assets & Rare Collectibles
  • Equities
  • Direct Private Equity
  • Real Estate
  • Hedge Funds
  • Gold & Precious Metals
  • Private Debt
  • Insurance
  • Private Equity
  • Fixed Income
  • Private Equity & Direct Investments
  • REITS
  • Venture Capital
  • Residential
  • Private Equity Funds
  • Real Estate

Compliance

-

Whitelabel

Yes


  • Consolidated reporting
  • Data aggregation
  • Succession simulator
  • Data visualisation
  • Financial planning simulator


  • Family structure
  • Asset inventory
  • Donation inventory
  • Ownership framework
  • Interactive structure diagrams
  • Secured digital vault
  • Financial planning tool
  • Inheritance tax simulator
  • Smart reporting tool
  • Third party access


  • Bankable assets
  • Private equity
  • Real estate
  • Rare collectibles (e.g. luxury cars, boats, high-value jewelry)
  • Insurances
  • Companies
  • Liabilities


  • GDPR


  • Yes

Technology
Type of Software

SAAS

Ecosystem

-

Integrations

We are prepared to integrate with our client systems

Mobile App

No

-


  • SaaS


  • ISO 27001 certified by Summer 2021.Protection
  • SSL protocol data encryption
  • Accessย  account is protected by a double SMS authentication system
  • Vulnerability tests
  • Third party security assessment reports


-


  • API
  • File integration framework
  • Banking aggregation
  • File upload


  • No