Asset Management Software Rankings and Industry Moves

Austin, Texas, October 4, 2025

News Summary

A comprehensive review evaluated 33 asset management products from 17 vendors and examined the top 10 in depth, ranking solutions by features, value, security and support. Reviewers highlighted four must-have capabilities: real-time asset views, reporting and analytics, mobile access, and scanning/tracking support (barcode, RFID, QR, GPS). The roundup details pricing models, trials, onboarding options and vendor snapshots from Asset Panda to ServiceNow and Flexera. The report also covers related market activity, including wealth-management team hires in Austin and a student housing disposition in the Austin area, offering practical guidance for buyers weighing cost, integrations and mobile performance.

Asset management software ranked and vendor moves reshape wealth and student housing markets

A recent review by the Forbes Advisor Small Business team evaluated dozens of asset management platforms and highlighted product strengths, pricing differences and core features that businesses use to track IT and physical assets. The review also intersected with separate financial-industry moves and a real estate disposition: a wealth team shift to RBC Wealth Management-U.S., a senior hire at Peapack Private Bank & Trust, and the sale of a student housing complex by Palladius Capital Management.

How the review was done and what mattered most

Forbes Advisor uses product data, strategic methodologies and expert insights to inform content. Reviewers evaluated 33 asset management products from 17 different vendors in initial testing and took a deeper dive into the 10 products that scored highest. The reviewers focused on features, value, security and support. The reviews emphasize products’ ability to track IT assets such as software license management, hardware maintenance schedules and external devices connecting to networks.

The review lists four most important features of asset management software as real-time views of all assets, asset reporting and analytics, mobile access, and support for scanning/tracking tools (barcode scanners, RFID, QR codes, GPS). Price transparency carried heavy weight in the rankings while reviewers warned that total cost depends on each company’s unique combination of assets. The reviewer is Dennis (last name unstated in excerpt) who has decades-long tech journalism experience and a career history including founding editor of Computer Select, senior associate editor for PCWorld, and creator of CNET’s Workers’ Edge blog. For Forbes Advisor SMB, Dennis covers HR, payroll, payment processing, business formation and many other products and services for small and midsize businesses.

Top vendors and standout capabilities

The review highlighted vendors and specific product strengths and pricing notes.

Asset Panda — The product includes asset inspection features to ensure equipment readiness and makes it easy to create custom inspection checklists for teams. Teams can use the company’s mobile app to take photos and scan bar codes generated and printed by the software. Asset Panda coordinates inspection assignments to teams with custom roles and permissions set by managers, and the system sends alerts when inspections are due or when inspections indicate action is required. Managers can view the status of ongoing inspections via a dashboard, generate reports identifying overdue inspections, and track scheduled repairs. Asset Panda supports customizations for specific industries such as construction, education, healthcare, government. Consumer sentiment notes efficient barcode system, customization options and intuitive interface; reported issues include mobile app slow performance and scanning glitches, limited integration capabilities, cumbersome data export processes and cost for larger organizations. Pricing lines in the review include Starting monthly price listed as $33 per user (billed annually) and another line showing $79.58 with an annual contract requirement.

ManageEngine AssetExplorer — Automates discovery of hardware and software and identifies relationships of assets whenever network configuration changes. AssetExplorer maintains a history of IT assets including routers, switches and any device with an assigned IP address and supports multiple operating systems including VMware and several versions of Unix, in addition to Windows and macOS. The product provides visual maps showing relationships between assets to help identify the source of system glitches. Users praise affordability and a range of features suitable for SMB IT assets; reported issues include difficulties with initial setup, cloud integration problems, high price of add-ons and uneven customer service. Starting monthly price listed as $19 per agent (billed annually).

Freshworks Freshservice — Includes a CMDB that can generate accurate and up-to-date maps showing asset dependencies, allows IT managers to identify and address data risks and anticipate conflicts among data assets, and can generate a comprehensive compliance audit with a single click covering on-premises and cloud assets. The system generates topology maps and visual dashboards. Consumer sentiment is mixed, with positive mentions around ticketing integration and consolidation of IT and HR requests; criticisms include clunky interface, high price and issues integrating with Microsoft Intune. Starting monthly price shown: $249.58 for five users (billed annually).

Wasp Barcode AssetCloud Complete — Audit Windows let managers schedule and monitor audits without disrupting operations; changes during an audit window are recorded automatically. The product supports blind audits on mobile phones and a multiquantity feature for tracking categories of items without separate asset numbers. Users praise intuitive interface and training tools; reported issues include slow performance and difficulty integrating with systems like Shopify. Starting monthly price shown: $219 (billed annually).

Lansweeper — Discovery tools describe assets’ context, hardware and software specs and configurations, which helps identify vulnerabilities and shadow IT. Lansweeper assigns a risk score to unassigned resources and sends alerts when rogue devices connect to the network, combining active scanning with passive monitoring. Users value device discovery and cost-effectiveness; reported concerns include pricing policies and a dated interface. Implementation/onboarding support listed as No.

ServiceNow Asset Management Executive Dashboard — Combines Software Asset Management, Hardware Asset Management and Cloud Cost Management in a single window with widgets for total spend, actual savings, potential savings and near-term contract or end-of-life alerts. ServiceNow integrates real-time data from hardware, software and cloud management tools and is well-regarded for comprehensive lifecycle management; criticisms include complex implementation and high licensing costs.

Flexera One — Makes software on internal systems, cloud services and mobile devices more visible, clarifies licensing requirements and highlights vulnerabilities from unsupported products. Flexera One can optimize software utilization and suggest downgrading when unused rights are found and includes product use case templates for major enterprise software. Positioned as a fit for larger enterprises; starting monthly price listed as $62.50 (billed annually).

Reftab — Described as simple with color-coded equipment loan tracking and passive audits that contact users after devices are checked out. Reftab’s Flow Builder streamlines requests and approvals. Starting monthly price $40 for 250 items and implementation/onboarding support listed as Yes.

EZO / EZO AssetSonar — Integrates all five phases of asset lifecycle management and supports life cycle assessment to calculate total cost of ownership. Midrange and Premium packages add RFID, service triage, multilevel approvals and custom roles. Features include a barcode label designer and RFID tracking on mobile devices. Starting monthly price lines include 7 days free; contact sales and another showing $0.21 per node.

InvGate — Uses agent-based collection, agentless discovery, integrations and manual import to centralize inventory, tied together with AI-based search tools and real-time dashboards. Consumer sentiment is broadly positive for ease of use and implementation.

Wealth management hires and firm moves

RBC Wealth Management-U.S. recruited a Merrill Lynch Private Wealth team managing $500 million in client assets in Austin, Texas. The team is called The MK Group and produced more than $3 million in annual revenue. The MK Group is led by advisors Nancy McDonald and Jason Khawaja and includes client associate Alexandria Hardcastle. They joined RBC on April 17. The move added to a tally of transfers during a frenzied week of moves following tax day. RBC also recently hired a team managing $5 billion in assets from J.P. Morgan Advisors in New York City. The MK Group reports to RBC’s Austin branch manager Billy Brandenberger. The team had been conducting due diligence for the past 18 months and considered joining &Partners, Rockefeller Capital Management and Morgan Stanley during that process. Khawaja declined to comment further on the move. McDonald said the team sought a firm that values varied skillsets and allows them to give clients attention they deserve. RBC has around 2,200 financial advisors managing $667 billion in client assets.

Peapack-Gladstone Financial Corporation (NASDAQ: PGC) and Peapack Private Bank & Trust announced Greg Allison has joined the Bank’s wealth management division as a senior managing director and portfolio manager based out of the Summit wealth office. Greg Allison joined Peapack Private from J.P. Morgan Private Bank, Austin, Texas, where he was a vice president and private banker. He previously served as director of wealth management at Austin Asset and earlier as director of portfolio management at RegentAtlantic (Corient). Peapack-Gladstone Financial Corporation is a New Jersey bank holding company with total assets of $7.2 billion and assets under management and/or administration of $12.3 billion as of June 30, 2025.

Student housing sale

Palladius said it doubled the net operating income (NOI) during its hold period. Palladius announced it completed the sale of The Oasis, a 672-bed student housing property located in San Marcos, Texas. Palladius purchased The Oasis in Q1 2022 and sold the asset in Q2 2024. The Oasis was 99.3% occupied and 100% pre-leased for the 2024/2025 academic year at time of the press release. The property is 30 minutes away from downtown Austin and two miles from the Texas State University campus. Shortly after acquisition Palladius commenced a capital improvement plan that renovated all 240 units and upgraded common areas and exteriors, driving rent growth and rebranding efforts. Palladius manages and operates approximately $800 million of real estate across the U.S. and is based in Austin, Texas.

What this means for buyers and managers

Asset management tools remain central to IT operations, compliance and cost control. Buyers should weigh real-time visibility, reporting and mobile access against pricing structures that vary by nodes, users or capped limits. Service level, onboarding support and integrations with cloud and endpoint tools should shape procurement decisions. In wealth and banking, adviser mobility continues to shift client assets and talent across firms. In real estate, targeted renovations and operational programs can materially increase NOI on short holds and command higher sale prices.

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Table: Key asset management features highlighted in the review

This article aggregates vendor features, pricing lines and hiring and transaction facts as reported in the source material. Prices, product details and staffing moves are presented as listed in the source material and may include multiple pricing lines where the original summary included them.

Deeper Dive: News & Info About This Topic

Additional Resources

• AdvisorHub: RBC lassos $500 million Merrill Private Wealth team in Austin
• Wikipedia: RBC Wealth Management
• NewMediaWire: Greg Allison, CFP® joins Peapack Private
• Google Search: Greg Allison Peapack Private Bank
• BusinessWire: Palladius sells Austin-area student housing property
• Wikipedia: Student housing
• TipRanks: Wilson Asset Management Group alters stake in Austin engineering
• Google Scholar: Wilson Asset Management
• CNBC: Austin asset management coverage
• Google News: Austin asset management

Author: Construction NY News

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