In the early days of any wealth management organization, spreadsheets weren’t so much a deliberate choice as they were the only available option. When you’re starting out, there isn’t always the time, budget, or need to invest in a fully fledged back-office system. Instead, problems get solved as they come up, with quick fixes and…
Digital Asset Reporting Rules place new strains on Fund Administrators
Is Your Back Office Ready for Crypto Tax Reporting? As the digital asset industry matures, fund administrators are encountering stricter reporting requirements. Starting in 2025, tax regulations will mandate detailed, tax lot-level reporting. This poses significant technical and operational challenges for funds working in the crypto space. Meeting these demands requires a robust back-office system…
New Crypto Regulations are Coming and Funds that aren’t Ready will be Blindsided
Regulatory Changes and the Need for Adaptation Digital assets are faced with significant regulatory changes that will affect how fund administrators operate. Starting January 1, 2025, all digital asset funds will be required to report at the tax lot level, a substantial shift from the current practices. This new requirement aims to increase transparency and…
Securitize acquires Theorem—Pioneering the Next Generation of Crypto Hedge Fund Administration
Solving Traditional Fund Administration Challenges Fund administration, a crucial backbone of investment management, has long been challenged by inefficiencies in investor onboarding, slow NAV calculations, and the lack of a unified approach to handling securities. Legacy systems often require fund managers to use separate tools for capital raising, trading, record-keeping, and compliance. This fragmented approach…
From Information Overload to Strategic Advantage with Big Data
Leveraging Big Data in Wealth Management The sheer volume and complexity of data available today—commonly termed “big data”—has radically altered how businesses operate. For wealth managers, this represents both a challenge and a profound opportunity. With the right analytics and management strategies, wealth managers can use these extensive datasets to refine client services, identify trends,…
Reducing Key-Man Risk and Strengthening Governance
Why Family Offices Need a Centralized Data Approach Family offices, known for managing complex portfolios and the diverse wealth of high-net-worth families, often lag behind in technology investment. Unlike corporate structures, family offices tend to rely heavily on manual processes and traditional tools like spreadsheets, which are error-prone and require substantial manual oversight. For family…
Report: FundCount Named for its Integrated Family Office Software and PE Capabilities
Family offices today face increasing pressure to streamline operations while managing diverse investment portfolios and safeguarding data privacy. A recent report by Simple examines the latest trends in family office technology, highlighting the growing role of AI and the need for better platform integration. Based on insights from over 7,800 users and in-depth discussions with…
Selecting Private Equity Software: What You Need and What You Don’t
Private equity firms face unique challenges that demand precise and scalable software solutions. Complex investment structures, like layered waterfall calculations or multi-jurisdictional tax treatments, require back-office systems capable of handling intricate data flows with minimal errors. For example, a firm managing multiple funds across various asset classes might struggle with consolidating financials, especially when dealing…
Case Study: How FundCount Solved a Family Office’s Data Headache and Saved Time and Money
Background The client, a Canadian-based family office, manages a large portfolio with investments spread across multiple asset classes including equities, fixed income, and real estate. The firm was already using FundCount, an industry-leading solution for accounting and reporting, but faced challenges with data integration from external sources. As with many family offices, they dealt with complex…
