Side by side
Allocate vs Formidium
Both stand on fund administration software. Which one you can start free with, which one lets you read the code, and what each costs once you pay.
Paid Web
Allocate combines private-market investment operations, vehicles, and reporting for advisors and asset managers. Firms should assess whether their expected investor interest fits the stated threshold and request custom pricing.
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Paid AndroidAPIiPhone+3
Formidium combines fund accounting software with administration, tax, compliance and corporate services. Prospective customers can request pricing and a 30-minute walkthrough mapped to their fund structure.
Visit FormidiumThe facts
| Allocate | Formidium | |
|---|---|---|
| Free plan | Not published | Not published |
| Open source | Not published | Not published |
| Runs on | Web | Android, API, iPhone, Mac, Web, Windows |
| Lowest paid plan | Free or on request | Not published |
| Plans published | 1 | None |
| Maker | Allocate | Not published |
| Website | allocate.co | formidium.com |
| On fund administration software | #14 of 30 | #18 of 30 |
Allocate: what it does well
- Coordinates subscriptions, capital calls, and distributions.
- Provides consolidated private investment reporting.
- Offers feeder and SPV solutions for advisors.
- States SOC 2 Type II compliance.
- Integrates with existing wealth reporting systems.
What to know first
- Pricing is custom and not listed.
- Feeder infrastructure is most valuable at $10 million or more in interest.
Formidium: what it does well
- Multi-asset, multi-currency accounting ledger
- Automated NAV calculations and allocations
- Investor onboarding with e-signatures and KYC/AML checks
- SPV services include tax preparation and K-1 generation
- SOC 1 Type 2 and SOC 2 Type 2 audited
What to know first
- Pricing is available on request
- Onboarding takes four weeks
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