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Investment Performance Reporting Software

Investment performance reporting software connects three things: investment data, return calculations, and the reports people rely on. It must collect holdings and transactions from multiple sources, calculate performance in a defensible way, and present results in a format clients, investors, and internal teams can use.

This guide compares the platforms teams use for investment performance reporting. The goal is not to name one best tool for everyone. It is to help you choose a system that matches your reporting obligations and how your firm operates day to day.

Key Takeaways

If your reporting needs to tie back to the books, FundCount is the most complete option here because it combines portfolio accounting, partnership accounting, and an integrated general ledger with reporting.
If you deal with alternatives and unstructured statements, FundCount stands out because it offers AI Document Intelligence for alternative investment documents, and the output can feed reporting and accounting workflows.
If you need to deliver investor reporting through a portal that stays in sync with the accounting engine, FundCount’s Investor Portal is designed for that inside one ecosystem.
Before you shortlist vendors, decide whether you prefer AUM-based pricing (often common in advisor tech), fixed pricing (per fund, per entity, per user), or a hybrid. Your preferred model affects total cost as you grow.

Compare top investment performance reporting platforms

Notes:

“AI document intelligence” here means extracting data from unstructured alternative investment documents (capital calls, distribution notices, manager statements, ILPA-style statements) and turning it into structured data for reporting and accounting workflows.
“Accounting tie out” means whether performance reporting can be anchored to an accounting book of record (for example, an integrated general ledger, partnership accounting, or both).

Platform	Data aggregation and integrations	Performance reporting depth	AI document intelligence	Accounting tie-out	Client portal and delivery
FundCount	Strong, supports feeds and multi-source imports	Strong, benchmark and attribution support	Built in for alternatives	Yes, portfolio, partnership, and GL in one system	Investor portal inside the ecosystem
SS&C Black Diamond	Strong for advisor data workflows	Strong client reporting and report builder	Via Accord (AI extraction for alts)	Usually needs separate accounting book of record	Client portal available
Orion Advisor Tech	Strong for advisor integrations	Strong advisor performance reporting	Via Canoe pathways for alts data	Portfolio accounting-oriented, GL is usually separate	Client portal available
Envestnet Tamarac Reporting	Strong for advisor integrations	Strong advisor reporting stack	Via Canoe integration (alts data extraction)	Reporting-oriented, fund and partnership accounting typically separate	Advisor portal options
Addepar	Strong multi-custodian aggregation	Strong analytics and reporting	Built-in document automation	Often paired with external GL or fund accounting	Client portal available
Clearwater Analytics	Strong data validation and reporting	Strong institutional reporting views	Private funds doc extraction and workflows available	Yes, for investment accounting book of record	Portal varies by deployment
SS&C Advent Geneva	Strong accounting and instrument coverage	Strong performance measurement for managers	Via SS&C FundHub AI extraction	Yes, accounting core	Portal often handled via a separate layer
SEI Archway Platform	Strong for multi-entity accounting workflows	Reporting tied to back office data	Via Canoe integration for alts data	Yes, accounting and reporting focus	Investor portal options
InvestCloud	Strong platform integrations	Strong when configured for reporting workflows	Not clearly documented in public materials	Depends on implementation and connected systems	Strong digital client experiences
Eton Solutions	Strong operations and data workflows	Strong for complex wealth reporting workflows	EtonAI includes document processing	Yes, integrated operational and accounting approach	Client and investor experiences available

Now that you’re familiar with the best portfolio performance reporting software, let’s delve into the options worth considering.

FundCount

FundCount is best understood as an accounting-anchored performance reporting platform. Many tools can make a report look good. FundCount puts more weight on whether the underlying numbers can be traced back to a book of record, especially when you have multiple entities, capital activity, allocations, and alternative holdings.

It is also one of the few platforms in this list with a dedicated AI document intelligence product aimed at turning unstructured alternative investment statements into structured data that can flow into reporting and accounting.

Key features:

Portfolio accounting with performance and benchmark support, including benchmark comparisons and performance attribution analysis.
Integrated multi-currency, multi-book general ledger to support IFRS and GAAP reporting and reduce the need for separate cores.
Partnership accounting for complex allocations across single and multi-class structures.
Flexible reporting and distribution through email or the FundCount Investor Portal.
Investor Portal where data flows from the accounting engine to investors without manual re-keying.
Alternative investment document intelligence, including extraction from complex statements and structured output that can be used in FundCount or other systems.
Support for complex entity structures, including consolidated reporting across layered entities.
Pricing transparency by segment, with published “starting from” figures and a Sandbox option for short evaluation cycles.

SS&C Black Diamond Wealth Platform

Black Diamond is widely used in advisor and wealth management teams that prioritize client reporting, report packaging, and portal experience. It supports client-ready reporting and provides tools like report builders and portals.

Key features:

Report builder for branded, batch, and ad hoc reporting workflows.
Client portal experience with interactive views.
Portfolio management and reporting modules designed for advisory use cases.
Data integration and collection positioning on the platform site.
Alternative investment servicing can be supported via Accord, including AI-based extraction.

Cons:

If you need full partnership allocations and a general ledger book of record, you will likely keep a separate accounting system.
Alternative statement extraction is not always native; it often relies on add-ons or partners.
Designed primarily for advisory reporting, which may not map cleanly to fund administrator or GP workflows.
Pricing is typically not published, so cost modeling requires a vendor quote.
Complex entity accounting and investor-level accounting can require additional systems and reconciliation steps.
Deep customization and ongoing governance may be needed to keep householding, mappings, and reporting consistent at scale.

Orion Advisor Tech

Orion is a common choice for advisory teams that want performance reporting and a client portal tightly connected to their advisor workflow. It offers a performance reporting module and a client portal.

Key features:

Performance reporting module designed for financial advisors.
Client portal options for presenting portfolio information.
Reporting templates and branded reporting approaches (advisor oriented).
Support resources and structured portal rollout tooling.
Alternatives data extraction can be supported via Canoe pathways where applicable.

Cons:

If you require partnership accounting and a general ledger as the source of truth, you may still need an accounting core alongside Orion.
Alternatives statement extraction is typically handled via third parties rather than as a native reporting input.
Fund administrator reporting (investor statements, capital account reporting, complex fee logic) may require additional systems.
Pricing is usually not public, so budgeting requires a quote.
Complex multi-entity consolidation may require careful configuration or an external consolidation approach.
Teams with heavy audit requirements often prefer accounting-anchored reporting rather than reporting-first platforms.

Envestnet Tamarac Reporting

Tamarac Reporting is designed for advisor operations that need consistent client reporting and practice management workflows. In many environments, it is paired with other Envestnet components and data partners.

Key features:

Advisor-oriented performance reporting and reporting workflows.
Tools for producing and distributing report packages at scale.
Integration ecosystem through the Envestnet platform.
Alternatives data extraction can be supported via Canoe integrations into Tamarac Reporting.
Common fit for RIA reporting and billing workflows (depending on modules licensed).

Cons:

If your reporting must tie back to partnership accounting and a general ledger, you may need a separate accounting system.
Alternative investment data capture often relies on integrations such as Canoe rather than being native.
Multi-entity and investor-level accounting workflows can be outside its core design.
Implementation quality depends heavily on data cleanliness and how holdings are mapped.
Pricing is typically quote-based and packaging can be complex.
If you service funds, capital accounts, and K 1 related workflows, a fund accounting platform may be required.

Addepar

Addepar is a portfolio management and reporting platform used by wealth managers, family offices, and private banks that want strong analytics, flexible reporting, and a modern client portal. It emphasizes portfolio metrics and customizable reporting views.

Addepar also offers a document automation capability for extracting data from documents, which can help with alternatives workflows, depending on how a firm uses it.

Key features:

Analytics and performance reporting tools positioned for wealth management use cases.
Client portal with customizable views that adapt to devices.
Consolidated reporting across asset classes and accounts.
Document extraction and document automation features for unstructured documents.
Custom report frameworks and templates are available for building standardized report sections.

Cons:

For firms that need an integrated general ledger and partnership accounting as the book of record, Addepar is commonly paired with separate accounting systems.
Data onboarding and modeling can be a meaningful project, especially with complex entities and alternatives.
Document automation capabilities still require governance, review workflows, and exception handling to be audit-ready.
Pricing is typically not public, so it can be difficult to compare total cost until late in the buying cycle.
If you need fund administrator-style investor reporting with allocations, fee waterfalls, and capital account statements, you may need additional software.
Reporting flexibility is strong, but it can increase the need for internal admins to maintain templates and data rules.

Clearwater Analytics

Clearwater is an investment accounting and reporting platform often used by institutional investment teams that need reconciled data and configurable reporting across a large book of record. It supports investment reporting with configurable views and a large set of reporting columns.

For alternative investments, Clearwater offers workflows that can offload document retrieval and use machine learning based extraction of GP statement data, depending on the module.

Key features:

Configurable investment reporting, with the ability to move between high-level and in-depth views.
Daily reconciled data positioning to support accurate reporting.
Support for investment accounting book of record workflows.
Alternatives support through LPx and related services, including document retrieval and extraction workflows.
Strong fit for organizations that need consistent accounting and reporting across large portfolios.

Cons:

Can be more system than a small advisory firm needs if the main goal is basic client performance reporting.
Client portal experiences vary and may require additional layers depending on deployment.
Alternative investments workflows may require specific modules or services, rather than being standard in every implementation.
Pricing is typically provided on request, which complicates early-stage comparisons.
Reporting is strong, but building client-facing presentation layers may require additional tools.
Implementation often involves data integration and operational change management.

SS&C Advent Geneva

Geneva is a long-standing portfolio accounting and position management system used by investment managers. It is positioned for broad instrument and structure coverage and is often used in environments where accounting rigor is non-negotiable.

For unstructured documents, SS&C FundHub positions AI-driven extraction and can integrate into platforms, including Geneva.

Key features:

Portfolio accounting and position management across instruments and structures.
Performance measurement capabilities used by investment managers.
Flexible deployment options across environments (vendor positioning).
Integration path for unstructured data via FundHub AI extraction.
Strong fit for firms that want accounting-centric reporting foundations.

Cons:

Not typically positioned as an all-in-one investor portal plus reporting experience; portals are often separate.
Integrating alternatives data workflows can require FundHub or other tools rather than being fully native.
Implementation can be heavy compared to lighter advisor reporting tools.
Reporting packages for end clients may require additional presentation tooling.
Pricing is typically not public.
If you need partnership accounting and investor allocations for fund structures, you may need complementary modules or separate systems depending on your setup.

SEI Archway Platform

SEI Archway is designed for complex multi-entity accounting and reporting, including family office style complexity. It is often evaluated by teams that care as much about accounting accuracy as they do about reporting output.

For alternatives data extraction and transmission, Archway announced an integration with Canoe Intelligence to help automate alternatives data flows.

Key features:

Accounting and reporting focus for multi-entity environments.
General ledger centric architecture (vendor positioning).
Alternatives data integration with Canoe for document-based data extraction and delivery.
Support for alternative investment manager workflows and investor reporting needs (platform positioning).
Strong fit for firms that want reporting grounded in back office data.

Cons:

Can be heavier than what a small team needs if the goal is only simple performance reporting.
Implementation often involves process change and data mapping across entities.
Alternatives data workflows may rely on partners such as Canoe, rather than being fully native.
Pricing is typically not published.
If you want a very polished advisor-style client portal, you may need to validate the end client experience against your expectations.
Depending on your stack, you may still need integrations for CRM, billing, or digital client experience layers.

InvestCloud

InvestCloud is often described as an enterprise wealth technology platform that can be configured to support many workflows, including digital client experiences and reporting. It is generally chosen when a firm wants a platform approach and has the resources to configure it.

Key features:

Platform capabilities positioned for building end-client solutions and experiences.
Enterprise solution positioning that can connect portfolio, reporting, and operational workflows.
Integrations to connect data sources and downstream systems (platform positioning).
Flexible configuration for complex firms with multiple business lines.
Can support reporting experiences when properly implemented.

Cons:

“Platform” flexibility often means more implementation effort compared to an out-of-the-box reporting product.
Performance reporting results depend on how the system is configured and what accounting book of record it connects to.
AI document intelligence capabilities are not always clear in public materials, so you may need to validate in a demo.
Pricing is typically quote-based.
If you need deep partnership accounting and general ledger workflows, you will likely integrate other accounting systems.
Ongoing governance is important to prevent configuration sprawl across teams and regions.

Eton Solutions

Eton Solutions targets complex wealth operations and positions AtlasFive as an integrated platform for family offices and related organizations. EtonAI adds document processing and automation capabilities that can support reporting and accounting workflows.

Eton also claims broad document processing coverage through EtonAI, including capital calls, distribution notices, and manager statements.

Key features:

AtlasFive platform positioning for complex wealth operations and reporting.
EtonAI capabilities that include document processing and workflow automation.
Document processing coverage described for private equity-related documents.
Suitable for teams that want operational workflows tied to reporting outputs.
Enterprise approach for multi-entity and complex wealth contexts.

Cons:

Can be more than you need if you only want performance reporting and a light client portal.
Implementation effort can be significant depending on how much of the operational stack you adopt.
AI document processing still requires human review and exception workflows for accuracy and controls.
Pricing is typically not published.
If your firm already has an established accounting book of record, you will need to validate integration depth and migration effort.
The platform scope can overlap with other tools, so defining ownership of workflows is important.

How to choose investment performance reporting solutions

Most buying mistakes happen when teams treat performance reporting tools as a front-end problem. The output is a report, but the work sits in the plumbing: data sourcing, transaction normalization, pricing, benchmark construction, and the audit trail behind every number.

Start by writing down what you must report, not what you would like to report. That includes return methodologies (time weighted vs money weighted), benchmark comparisons, composite reporting if applicable, and any investor-level statements you need to produce. Then map those needs to the system of record you intend to trust.

If your operating reality includes multi-entity ownership, alternative investments, and capital activity, you will get more reliability from a system where reporting is anchored to accounting, not just layered on top of custodians.

12 key considerations:

Performance methodology: time weighted returns, money weighted returns (IRR), fee treatment, and how cash flows are handled.
Benchmarking and attribution: benchmark configuration, blended benchmarks, attribution outputs, and repeatability.
Asset coverage: public securities, derivatives, loans, private equity, real estate, and bespoke holdings.
Alternative investments workflow: how the system handles capital calls, distributions, valuations, and statement-based updates.
AI document intelligence: whether the system can extract and standardize data from unstructured alternative documents, and how exceptions are reviewed.
Multi-entity and look-through reporting: support for nested entities, consolidated views, and ownership-based reporting.
Accounting tie-out: does performance reporting tie back to a portfolio book of record, partnership accounting, and a general ledger?
Audit trail and controls: approvals, change tracking, repeatable processes, and the ability to explain numbers.
Report design and automation: template management, batching, scheduled distribution, and narrative support.
Portal and delivery: secure portal, document vault, permissions, and mobile access where needed.
Integrations and APIs: custodians, pricing, CRM, accounting export, and data warehouse compatibility.
Pricing model: AUM-based vs. fixed vs hybrid, plus how pricing scales with entities, users, and complexity.

Why choose FundCount

FundCount is a strong fit when investment performance reporting is inseparable from accounting reality. If you need accounting and reporting in one place, FundCount stands out. It combines portfolio accounting, partnership accounting, and general ledger on a single platform, so reporting ties back to the books.

That integrated approach matters most when you are dealing with multiple entities, alternative investments, capital activity, fee allocations, and investor-level reporting. Those are the situations where spreadsheets and reporting-only tools tend to break down.

FundCount also addresses a practical bottleneck that shows up in alternative heavy portfolios: unstructured documents. Its AI Document Intelligence product focuses on extracting data points from alternative investment statements and turning them into structured data that can feed reporting and accounting workflows.

Below are a few client perspectives from FundCount case studies:

“FundCount not only offers a solid off-the-shelf solution, but has also been incredibly open-minded from the very beginning.”—Marc L. Rinaldi, Partner-In-Charge, PKF O’Connor Davies
“Technology that relies on spreadsheets and disconnected systems will never be as accurate and as efficient as FundCount, which has everything consolidated in one place.”—Mikhail Davidyan, Co-Founder, Theorem Fund Services
“FundCount gives us more control and it helps us identify things that we otherwise would not have been able to identify.”—Firm Partner, New York-Based Hedge Fund
“Newer systems skip over many details, but FundCount has grown over time and includes all the functionality that is necessary to do investment accounting embedded into the system.”—Patty Fitzsimmons, Vice President of Accounting, Aquilance

If you only need basic performance reporting and a client portal for standard custodian-fed accounts, an advisor-oriented platform may be enough. But if you need investment performance reporting software where reporting is anchored to accounting across entities, investors, currencies, and complex assets, FundCount is the most complete option on this list for doing that in one system.