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Flanks

Automated wealth data aggregation and enrichment for financial advisors and family offices.

Founded 2019SaaS
$39 billion+Assets on platform / AUM
100+Clients
100-500Employees
2019Founded
01 — Overview

What Flanks does

When a family office holds assets across a dozen banks, several custodians, and a mix of private and alternative investments, the daily reality is fragmented data, manual reconciliation, and reporting that lags reality. Flanks was founded in 2019 in Barcelona by a team that includes Alvaro Morales, former Global Head of Santander Private Banking, and is built specifically to eliminate that operational overhead. The platform connects to 600+ financial institutions using an agnostic aggregation methodology that pulls from data feeds, PDFs, and e-banking portals simultaneously, so the source format at any given custodian does not limit coverage.

For family offices, the practical output spans several workflows:

  • Automated aggregation and reconciliation of positions and transactions across public markets, private equity, real estate, cryptocurrency, and other non-financial assets
  • Data enrichment via Morningstar integration for validated pricing, look-through fund analysis, TER cost transparency, and product name standardisation
  • Portfolio management dashboards, a financial scenario simulator, and an AI co-pilot that converts aggregated data into advisory-ready insights
  • White-labeled client portals and downloadable wealth reports, configurable to each client's preferred level of granularity

Flanks is regulated as an AISP under PSD2 and supervised by the Bank of Spain, holds SOC 2 Type II and SOC 3 certifications, and processes more than 500,000 portfolios per month representing over $39 billion in assets across 33 countries. The platform is modular: the aggregation layer can be purchased independently, or teams can add enrichment, reconciliation, and advisory tools incrementally. Pricing is not publicly disclosed, and the client base of 100+ institutions spans banks, asset managers, and family offices, meaning product development priorities serve a broad constituency rather than family offices exclusively.

The assessment

Strengths. Ability to Whitelabel; AI Powered; Consolidated View; Custom Reports; Data Ingestion; Full Multi-Currency Support; Alternatives; Art & Collectibles; Bankable or Financial Assets & Fund; Cash & Equivalents.

Flanks is tackling one of the most critical bottlenecks in wealth management — data fragmentation. Their ability to scale advisory services through clean infrastructure and automation makes them uniquely positioned to lead the next wave of transformation.

On Flanks, from a family-office user
02 — Product & capabilities

What it covers

Core tasks
  • Aggregate wealth data across banks, brokers, custodians, and alternative asset platforms
  • Automate reconciliation and validation of multi-custodian position and transaction data
  • Enrich investment data with market pricing, fund look-through, and cost analysis
  • Generate consolidated client wealth reports and portfolio dashboards
  • Run portfolio scenario simulations and financial modeling
  • Deliver AI-assisted advisory insights from aggregated wealth data
Notable features
  • Flanks Aggregate module: multi-method connection to 600+ financial institutions
  • Flanks Lume module: data enrichment, reconciliation, and market data validation
  • AI Financial Advisor co-pilot for converting aggregated data into advisory insights
  • Financial Simulator for portfolio scenario modeling and liquidity risk testing
  • Reconciliation Tool for automated multi-custodian position matching
  • Portfolio Management Tool with customisable advisory dashboards
  • Investor Portal for end-client digital access
  • Downloadable wealth reports with configurable granularity
  • API delivery alongside portal and file export options
  • White-label branding across all client-facing outputs
Assets supported
Public EquitiesFixed IncomePrivate EquityReal EstateCryptocurrencyAlternative InvestmentsPension AssetsArt and CollectiblesLiabilities
Platform & technology
White-labelingCustom ReportingMulti-Currency SupportArtificial IntelligenceData IngestionConsolidated View
03 — Company

The firm behind it

Founded
2019
Employees
100-500
Ownership
Venture-backed
Software type
SaaS
Headquarters / markets
Spain, France, United Kingdom
Offices
Barcelona
Languages
English, French, Spanish
Key people
JJoaquim de la CruzCEO and Co-Founder
SSergi LaoCo-Founder
AAlvaro MoralesCo-Founder
Recognition
  • WealthBriefing European Awards - Innovative WealthTech Solution B2B - 2024
  • WealthTech100 - 2024
  • Forbes 30 Under 30 Europe (Finance) - 2024
  • CB Insights Fintech 100 - 2025
  • FT1000 Europe's Fastest-Growing Companies (ranked #59) - 2026
  • WealthBriefing European Awards - Rising Star Under 40 - 2026
04 — Clients & fit

Who it’s for

Built for Single Family Office (SFO), Multi Family Office (MFO), Advisors / Wealth Advisors (RIA), Investment Teams.

05 — Support & onboarding

Getting it running

Team-based support with dedicated onboarding assistance described by clients as close and professional