Joining or helping to found a multi-family office is an opportunity that comes to a select few, and is usually a once-in-a-lifetime event. A financial stewardship and investment company dedicated to a few ultra-wealthy families’ financial growth and success can be an incredible responsibility for the individuals and families concerned. There are many factors to…
The Ultimate Private Equity Corp Guide
A private equity corp is incredibly valuable for businesses and investors. Companies get access to low-interest loans, and venture capitalists (VCs) can sometimes get better annual returns than the S&P 500. However, before anybody decides to try and reap the benefits of a private equity corp, they must first understand the basics. Becoming knowledgeable on the…
What Partnership Accounting Experts Want You to Know
Partnerships are a popular option in the business community with members enjoying added liability protection and increased capital raising potential. Simply choosing a partnership structure without doing your due diligence leads to trouble down the road. From problems dissolving the business to unfavorable tax situations, you want to be an informed business owner. Partnership accounting…
How To Best Navigate R Accounting
AI and Automation in Accounting: The Future is Here
No matter what sector they are in, companies all around the world are finding a use for artificial intelligence (AI) and automation. In fact, a 2021 survey by McKinsey found that 56 percent of respondents had adopted AI for at least one function of their business. One way all companies can use the advanced data…
What is a Multilateral Investment Fund?
A Multilateral Investment Fund, also known as an MIF, is a type of private equity fund controlled by a government organization and managed by a country’s commercial banking industry. They have been around for 50 years and are used to finance infrastructure projects in developing countries. A private equity fund is an investment vehicle that…
Why Ignoring a Unified General Ledger Can Cost You Clients
For many years, business media has hammered home the point that data silos are inefficient and dangerous, creating information barriers and interrupting the potential for collaboration among departments. By now, most of us are well aware that data silos can harm reporting, analytics, accuracy, and automation—but too many businesses are focused on reducing silos in…
Roboadvisors: Friend or Foe?
Algorithmic trading platforms, or roboadvisors, are already managing nearly $1 trillion in wealth across the United States. In 2014 it was predicted that third generation roboadvisors would finally be sophisticated enough to take over for single-family offices. As you can imagine, this has not been the case, since it’s unlikely any algorithmic platform could ever…
5 Ways Controller Accounting Impacts Your Business
Are you struggling to effectively oversee the operations of your business? How about making informed decisions surrounding high-level issues? Both of these issues highlight a need for controller accounting. Controller accounting doesn’t involve the typical functions you find in an accounting department. In fact, the duties of a controller go beyond the basics, invoking thought…
