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…
How Blockchain Technology is Shaping the Future of Wealth Management
Blockchain technology is no longer a buzzword confined to cryptocurrency circles. Its core attributes—decentralization, immutability, consensus mechanisms, and streamlined transactions—are now reshaping the wealth management industry. With use cases extending across portfolio management, client onboarding, and real-time settlement models, blockchain offers a transformative approach to enhancing business processes, optimizing efficiency, and improving client outcomes. This…
New Fund Administration Accounting Requirements
The surge in regulatory changes and accounting standards is forcing fund administrators to rethink their entire approach. New fund administration accounting requirements aren’t just tweaks—they’re reshaping how administrators handle everything from revenue recognition to cross-border tax reporting. As funds diversify into ESG, digital assets, and other complex investment vehicles, traditional methods are no longer enough….
How Small-to-Mid-Size Hedge Funds Can Survive 2024
Tackling Rising Costs, Cybersecurity Risks, and the Talent Shortage The hedge fund industry has changed dramatically since 2018, yet many of the core challenges identified back then—compressed margins, rising regulatory demands, and fierce competition—continue to define the landscape. The ongoing question for small-to-mid-sized firms remains: how can they not only survive but thrive? To address…
Bloomberg Certification for FundCount Users adds Huge Value!
In an industry where data accuracy and accessibility are paramount, FundCount’s Bloomberg certification solidifies its place as a leader in investment management software. This certification isn’t just a checkmark on a list—it’s a reflection of the platform’s ability to handle the complex and high-volume data needs of financial professionals seamlessly. Key Takeaway: Bloomberg certification allows…
Regulatory Trends and Challenges for 2024
The post-2008 regulatory wave has led to significant ongoing reforms that continue to reshape asset management in 2024. Complex requirements around transparency, ESG reporting, and investor protection are now the norm, with more stringent oversight increasing operational costs and compliance burdens. Asset managers and investment firms face tighter rules on liquidity management, AML, and beneficial…
Objectively Evaluating Leading Family Office Accounting Solution Providers
Family offices seeking reliable back-office systems often face a challenging decision between two distinct categories of software solutions. While each category offers its own set of advantages, the nuances of functionality, adaptability, and efficiency can significantly impact day-to-day operations. This article provides a practical, data-driven comparison of several platforms, highlighting where they excel and where…
Investment Accounting in 2024: Why Excel is No Longer Enough
Many professional wealth managers continue to rely on Excel for day-to-day investment accounting tasks due to its flexibility and familiarity. However, as financial practices grow more complex, Excel’s limitations become increasingly clear, especially when managing intricate, data-intensive investment accounts. Key Takeaway: Relying on Excel for investment accounting introduces significant risks, from manual data entry errors…
Why Cryptocurrency is Here to Stay—A 2024 Update
Cryptocurrencies have continued to evolve since Bitcoin’s inception in 2009, solidifying their position in global finance. Although Bitcoin and its counterparts still face volatility, the market has matured significantly, driven by both technological advancements and institutional involvement. As we look at the current state of cryptocurrency in 2024, the landscape offers fresh insights, especially for…
