- Financial Statements
All investment and cash flow transactions are tracked, reconciled and reported efficiently and accurately. We prepare monthly or quarterly financial statements, net asset values, investor roll-forward schedules, management and incentive fee reports and many other supporting reports.
- Investment and Fund Reporting
A large spectrum of portfolio and fund performance reporting is available. Our secure web portal provides access to current and historical financial statements and a variety of supporting reports. In addition, clients can generate their own reports, import and export data and initiate changes.
- Audit Coordination
With our financial reporting experience, clients no longer have to coordinate their annual fund audit. We prepare the full set of financials, including footnotes and corresponding work papers. The process is enhanced by our long-term working relationships with the “Big Four” as well as regional and local accounting firms.
- Tax Preparation, Compliance & Reporting
Our in-house tax department completes all of the tax compliance and reporting for hedge funds, funds of funds and private equity funds. Our economical, streamlined process – performed by professional and experienced CPAs – provides clients with accurate, complete and timely tax reporting.
- Investor Reporting
We provide excellent web portals and mobile apps for clients and investors to access a wide array of investor reporting. Each period, investors will receive timely capital account statements including final and flash performance information, as appropriate. Investors can also view their K-1s.
Electronic feeds are sent via the Depository Trust & Clearing Corporation (DTCC) to communicate with custodians of qualified investment plans. Participating custodians include Fidelity, Pershing, Schwab, Merrill Lynch and others.
- Anti-Money Laundering
We confirm the identity of new U.S.-based investors by using third-party software. In addition, new investors are compared to the current OFAC list (and any other watch lists), and further checks are performed on an ongoing basis.
- Treasury Services
A simple yet effective cash control is to have us serve as a second signer for cash disbursements such as investor redemptions, manager subscriptions and other payments on behalf of the fund. Disbursements are verified to source documents and in accordance with the fund’s offering documents.
- Custodial services (through our affiliate, UMB Bank, n.a.) are offered for all types of funds. For funds of funds, we can prepare manager subscription documents in addition to maintaining custody of the investments. All manager disbursements go through the custody cash account. Trade orders can be managed through our web portal.