If you’re like most firms looking to implement a new back-office accounting platform, you shortlist vendors, get demos, select the best fit, sign the contract, and then sit back thinking your job is done. Unfortunately, it’s not quite that simple. No matter how stellar the vendor or how much information you shared with them regarding…
Selecting Software: Lead with Effective Solutions not Visualizations
Why do family offices, hedge funds, and other asset management firms spend thousands of dollars on back-office accounting and reporting software? What may sound like a trick question is instead an earnest query with a straightforward answer: companies purchase accounting software – or any software for that matter – to solve day-to-day problems and achieve…
What the Volcker Rule Changes Mean for Family Offices
It seems as if the Volcker Rule has been in the spotlight for as long as anyone can remember. Now, several much-anticipated revisions are shining that light even brighter. Officially known as Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Volcker Rule was adopted on April 1, 2014. Its purpose…
The 5 Pillars of Good Governance for Family Offices
It’s no secret, family offices are complicated. Multiple generations and overall family dynamics – which can be tempestuous in any family – are compounded by numerous business ventures, entity structures, global real estate investments, vacation homes, foundations, trusts and various other assets. Together they form a potent cocktail of complexity Welcome to the world of…
Data Visualization: Unlock Insight and Gain a Competitive Edge
The use of images for communication predates the written word by thousands of years, so it’s not surprising that the human brain has evolved to process visual information more quickly than text or data. In fact, a lot more quickly. Visual images can be processed 60,000 times faster than text. And that’s significant because 90…
COVID-19 Highlights Need for Real-Time View of Your Assets
If the health implications of COVID-19 aren’t enough to make you feel uneasy, the recent market gyrations are bound to rattle even the most steadfast investor. Turmoil in the financial markets is always unsettling. But there’s nothing like a pandemic to expose shortcomings in your accounting and reporting software. Particularly in uncertain times like these,…
How Integration, Interoperability, APIs and Apps are Changing Asset Management
Across the asset management sector, firms of all sizes are turning to third-party apps and APIs for a range of tools to enrich their business processes. Whether a small family office using APIs to connect to external market data feeds from Bloomberg, or a global private equity fund administrator that uses the Microsoft Excel app…
WealthTech Talks: The Modern Portfolio Management System for Wealth Managers
What trends are influencing the development and capabilities of today’s portfolio management systems? How can evolving wealth manager needs shape the future of these systems? These were among the many questions that Mike Slemmer, FundCount’s COO Americas, and fellow panelists addressed in this engaging webinar sponsored by The Wealth Mosaic. Integration is Key Modern portfolio…
5 Things to Consider When Starting a Fund Administration Business
Launching a fund administration business is not much different than starting any other entrepreneurial venture. It’s important to understand why the particular business is of interest to you, determine the upside potential, and be realistic about the barriers to entry and resources needed to get it off the ground and ensure long-term viability. Industry veteran…