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Quick Answer
Family office software can range from roughly $10,000 per year for modern platforms at the lower end of the market to tens or even hundreds of thousands of dollars for complex enterprise technology stacks. MyFO currently starts at $850 per month, making it an accessible option for family offices looking for broad functionality without assembling multiple enterprise systems.
But the subscription price tells only part of the story.
Family offices should compare total cost of ownership, including implementation, data feeds, integrations, additional modules, professional services and the internal labor still required after implementation.
Key Takeaways
- MyFO currently starts at $850/month.
- Family office software pricing is frequently customized.
- Vendors use very different pricing models.
- Implementation and data costs can materially change first-year spend.
- Multiple inexpensive point solutions can become an expensive technology stack.
- Internal staff time is one of the most overlooked costs.
- Compare five-year total cost rather than headline subscription price.
Why Family Office Software Pricing Is Difficult to Compare
"Family office software" can describe very different products.
One platform may primarily provide reporting.
Another may include a general ledger.
Another may specialize in private markets.
Another may provide a broader operating environment.
The pricing model can also vary according to:
- AUM
- Accounts
- Positions
- Entities
- Users
- Data feeds
- Modules
- Families
- Advisors
- Service level
That makes simple vendor-to-vendor price comparisons misleading.
MyFO Pricing
MyFO currently publishes a starting price of approximately $850 per month.
The platform is designed to combine several common family-office requirements, including consolidated information across asset classes, entity management, documents, tasks, stakeholder management and forecasting.
Typical onboarding is currently described as approximately two to six weeks, depending on complexity.
Common Pricing Models
Flat Platform Fee
The office pays a recurring annual or monthly license.
This provides predictable budgeting.
AUM or Assets Under Reporting
Pricing increases according to the amount of wealth represented on the platform.
This can become expensive for very large families even when software usage remains relatively constant.
Per Account or Position
Fees increase as accounts or investments are added.
This can align pricing with data complexity but can make future costs less predictable.
Per Entity
Family offices with dozens or hundreds of legal structures can see costs rise quickly under entity-based pricing.
Per User
This model can become expensive when principals, family members, advisors and external professionals all require access.
Modular Pricing
The base platform is supplemented with separately priced features.
Examples can include:
- Reporting
- Accounting
- Data feeds
- Private markets
- Bill pay
- Documents
- APIs
- Advanced analytics
Enterprise Agreements
Banks, RIAs and MFOs commonly negotiate customized contracts based on their scale and use case.
The Costs Beyond the License
Implementation
Ask what is required for:
- Data migration
- Historical data
- Entity setup
- Custodial connections
- Report configuration
- Training
Data
Ask whether bank and custodial feeds are included.
Integrations
Accounting, CRM and other integrations may carry additional costs.
Professional Services
Some systems require recurring vendor support to maintain reporting or data.
Internal Labor
This is often the largest hidden expense.
If employees still spend substantial time updating spreadsheets, processing private-market documents, reconciling information and producing reports, that labor belongs in the software cost calculation.
The Cost of a Fragmented Stack
Imagine purchasing separate tools for:
- Reporting
- Documents
- CRM
- Tasks
- Forecasting
- Private markets
- Accounting
Each individual product may look inexpensive.
Together, however, they create multiple contracts, databases, implementations and integrations.
Someone also needs to maintain the connections between them.
That is one reason broader platforms can have lower total costs even when their license is more expensive than an individual point solution.
How to Compare Vendors
Calculate:
Five-Year TCO = License + Implementation + Data + Integrations + Professional Services + Additional Software + Internal Administration
Then compare that number across vendors.
Questions to Ask
- What is the first-year cost?
- What is the recurring annual cost?
- Is implementation included?
- Are data feeds included?
- Does price increase with AUM?
- Does it increase with accounts?
- Does it increase with entities?
- Does it increase with users?
- Which modules cost extra?
- Are API fees additional?
- What professional services are required?
- Can we export our data?
- How does pricing change as we grow?
The Bottom Line
The cheapest software is not necessarily the least expensive solution.
The relevant question is:
What does it cost to create and maintain the complete technology environment our family office needs?
MyFO's published starting price of approximately $850 per month makes it particularly compelling for offices looking to consolidate multiple operational functions into a connected platform.
Compare outcomes and total cost, not simply license fees.
Frequently Asked Questions
How much does MyFO cost?
MyFO currently publishes pricing starting at approximately $850 per month.
How much does family office software cost?
Costs vary dramatically depending on functionality, data requirements, complexity and vendor. Entry-level modern platforms can start in the low five figures annually, while sophisticated enterprise stacks can cost substantially more.
Why don't most vendors publish pricing?
Requirements differ significantly across family offices, so enterprise vendors frequently provide custom quotes.
What hidden costs should family offices consider?
Implementation, data feeds, integrations, professional services, additional software and internal administration are the major costs beyond the license.
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