In recent years, family office dashboards have taken what can only be described as a quantum leap forward. Users had become accustomed to limited static data and lack of real-time capabilities. Customization and analytical depth? Forget about it. Significant advancements in several key areas have today greatly enhanced data analytics and business intelligence capabilities. Modern…
Asking Your Vendor for a Proof of Concept or Proof of Value May Not be the Best Idea
Don’t Get Stuck in Demo Land It is no secret that companies like to ‘try before they buy’ when purchasing software. This holds true for companies of all sizes, whether a large fund administrator implementing a costly enterprise system or a more modest single family office looking for a simple portfolio accounting solution. Understandably, companies…
The Client Conference in Cancun was a Blast!
FundCount’s client conference in Cancun was a success! The May 16-18 event brought together FundCount partners, offering a unique opportunity for folks from different industries to intermingle ideas, compare outlooks, and discuss challenges. Conference Agenda The conference provided a platform for attendees to delve into key industry trends and explore product innovations. Our sessions covered…
How to Get Better Portfolio Performance Insights
Trying to make sense of a sea of data spread across multiple spreadsheets and systems and systems can be frustrating and makes gaining meaningful portfolio performance insights a serious challenge. Starting each morning with a tedious process of gathering, verifying, and reconciling information from disparate sources, only to end up with inconsistencies and errors is…
Is it Even Necessary to Automate Portfolio Reconciliation?
To maximize market exposure, fund managers leverage multiple fund administration platforms to offer a diverse array of investment opportunities. In the face of a volatile and ever-changing market, new insights and investment research emerge regularly. Discretionary fund managers must proactively adjust asset and fund allocations, swaps, and trades to align with each client’s risk profile,…
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…
Why a Multi Currency General Ledger is Vital in the Asset Management Industry
Family offices and fund administrators often deal with multiple currency accounts due to a variety of reasons. One of the primary reasons is global investment diversification. Family offices manage significant assets and aim to preserve and grow wealth for future generations. To achieve this, they diversify their investments, including investments in different countries and markets,…
Guide: How to Establish a Family Office
For families with significant wealth, a dedicated family office offers a comprehensive solution for managing financial affairs, preserving legacies, and fostering long-term prosperity. However, when answering the question how to establish a family office, the endeavor requires careful planning and execution across several key areas. Key Takeaway: Strategic planning and resource allocation are paramount to…
Family Office Planning for Performance in the Real World
How Technology can Make or Break Your Family Office We’re on the cusp of a massive wealth transfer, with estimates suggesting a staggering $72 trillion (or even more) will change hands over the next quarter-century. To manage this influx effectively, family offices are facing a pressing need to modernize. Modern family office planning involves a…
