Flanks

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.

• 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

• 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

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

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