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…
Update on Private Capital Asset Management Trends
Revisiting Predictions: 5 Asset Management Trends to Watch in 2020 In 2020, we had the opportunity to interview James Haluszczak, the founder of SteelBridge Consulting. His firm has been instrumental in providing strategic advice to private equity and venture capital fund managers, investors, and administrators. During the interview, James shared his perspective on the top…
Alternative Investment Accounting Software
Challenges Alternative Assets Pose for the Back Office As alternative assets continue to grow in importance and demand, financial advisors are not just spectators; they are active participants. According to a recent report from Cerulli Associates, advisors are increasingly leaning toward alternative assets, echoing the trends observed among retail investors. Alternative investment accounting software must…
A Data-Driven Approach to Crypto Allocation During Bitcoin’s Rise
Investing in cryptocurrencies, such as Bitcoin and various altcoins, carries a significant level of risk. The decision on how much crypto allocation exposure to balance out your portfolio, if any, depends on how aggressive an approach you are comfortable with, as well as your liquidity needs and level of expertise. The allocation of cash and…
Cryptocurrency Tax Implications for Institutional Investors
The Changing Landscape that Complicates Data Management in Small Businesses The once-fringe world of cryptocurrency is rapidly gaining mainstream acceptance. Family offices, investment funds, and even pension plans are increasingly allocating a portion of their portfolios to digital assets. A recent EY survey found that 60% of institutional investors already have crypto exposure, with a…
Transformative Client-Faced Online Dashboards with Microsoft Power BI
Family offices and asset managers are constantly seeking sophisticated yet user-friendly online reporting solutions that empower their clients to make informed investment decisions. Recognizing this need, FundCount adopted Power BI, part of the Office 365 suite, as our standard client-facing online reporting platform. This powerful yet intuitive tool seamlessly integrates with our software, enabling clients…
Arriving at a Single Source of Truth
How this is Achieved for Fund Administrations and Family Offices Both fund administrators and family offices face a common challenge: managing complex financial data from diverse sources using accounting software designed for other industries. This leads to a reliance on spreadsheets for data gathering, reconciliation, and reporting, creating a time-consuming and error-prone process. Finding a…
