Moving Up To Family Office 3.0 Family offices continue to evolve, albeit slowly. A surprising number of them are still in the 19th century (v1.0), essentially functioning as extended family checking accounts. Many have progressed to the 20th century (v2.0), utilizing tools like spreadsheets and/or accounting systems designed for manufacturing and service companies. These may…
Boosting Family Office Performance Reporting
Navigating the Family Office Landscape Traditional investment managers may use their intuition to spot new customers, but it is not always practical for a small team or one person to keep in touch with a large number of prospects. Family office performance reporting involves building long-lasting connections. This is a science, but many family offices…
The Role of Client Communication in Successful Asset Management
Using a Secure Investor Portal to Keep your Clients Informed As the demand for alpha generation and fee justification intensifies, investment managers are exploring innovative strategies that align with the distinct needs of their clients. The focus has shifted towards retail and affluent investors, who are now the primary targets for investment methodologies and products…
The Family Office KPI Report – How to Get the Most Out of It
We have recently launched our latest Family Office Key Performance Indicators (KPIs) survey. This survey is unique because it enables both family offices and the families they serve to measure the quality of their back-office operations against their industry peers. The Family Office KPI provides an objective measure revealing where your office stands compared to…
Accounting in Real Estate Private Equity Investing
Navigating the Complexities of Real Estate Investment Accounting Private equity presents unique challenges for accounting systems, whether accounting for real estate or any other type of investment. Regardless of the company structure, it is required by law to keep and maintain financial records in accordance with GAAP. Accurate bookkeeping is an essential step in managing…
The Key to Successful Joint Ventures
Investment Partnership Accounting As the economy tightens and it becomes harder to raise funds, co-investment capital has become a popular way for funds and sponsors to finance transactions. However, investors need to be careful because mistakes in investment partnership accounting documentation can cause problems, even if the investments themselves are successful. There are three main…
Empowering Managers with Advanced Fund Management Software
Streamlining Operations and Maximizing Returns Companies are searching for effective procedures and all-in-one fund management software solutions that help eliminate errors and inefficiencies, save time and money, and align teams in the ever-expanding field of investment management. Businesses that rely on obsolete and disjointed systems can experience a number of operational difficulties, which would put…
Winning Tactics for Family Office Fees
Fee Management in Successful Family Office Operations When it comes to understanding and controlling family office investment fees, which can be complex and opaque, family offices and high-net-worth individuals frequently encounter substantial hurdles. As a result, investors may be unsure of the exact expenses of their investments and may struggle to identify solutions to minimize…
Maximize Returns with Canadian ACM Compliance
Saving Time and Money It’s critical to follow best practices when determining the adjusted cost base (ACB) of investments because the tax structure that applies to the Canadian investment business is complicated. Financial professionals must utilize the Average Cost Method to make these estimates, according to the Canada Revenue Agency (CRA). The importance of this…
