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…

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…

Unique Accounting Challenges Multi-asset investing is a strategy which requires some additional thought and planning when it comes to choosing an accounting system that is right for your business or family office. It involves combining different asset classes to improve performance and manage risk. Instead of purchasing individual funds that focus on a specific asset…

A Guide for Fund Admin Start-Ups Starting a fund administration business is not much different than starting any other entrepreneurial venture. It’s important to understand why the particular business is of interest to you, determine the upside potential, and be realistic about the barriers to entry and resources needed to get it off the ground…

Adapting to a New Era Hedge funds are unregulated investment pools that can only issue securities to approved investors. In 1949, Alfred W. Jones established the first hedge fund, buying stocks and hedging positions through short sells. Hedge funds employ an asymmetrical pay structure, with the managing partner receiving 20% of excess profits over a…

A Comprehensive Guide Portfolio accounting systems are comprised of software that helps financial professionals track, evaluate, and report on the value of complicated investments. Asset managers, fund administrators, family offices, hedge funds, and private equity firms can all use these platforms to manage public securities and derivatives. Portfolio accounting systems provide valuable insights for more…

 Enhanced Deal Evaluation in Family Offices Family offices who have yet to implement technology into their existing operation are faced with a multitude of challenges including increased accounting and reporting complexity, data security, generational change, keeping pace with technology, and scaling staff resources. This poses a significant issue for family office and asset management executives…

Software that meets Reporting Objectives Family offices oversee family money, with the ultimate goal of growing assets and meeting their financial requirements in the short and long term. To accomplish this, family offices must keep accurate financial and accounting records and generate reports for both official uses, such as taxes, and for internal use, such…