Beyond the Numbers Blog

Selecting Software: Lead with Effective Solutions not Visualizations

Posted on 16 November 2020

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 business goals. These goals can be as varied as the firms themselves, but typically include some combination of improving efficiency, increasing accuracy, reducing risk, gaining insight and elevating client service.

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What the Volcker Rule Changes Mean for Family Offices

Posted on 30 September 2020

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 was to curtail the risky investments and speculative activity by banks that contributed to the financial meltdown of 2008.

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The 5 Pillars of Good Governance for Family Offices

Posted on 25 June 2020

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 the uber-wealthy.

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Data Visualization: Unlock Insight and Gain a Competitive Edge

Posted on 27 May 2020

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 percent of the information the brain receives is visual.

What does this have to do with asset management? Quite a lot, actually, as the industry is finding out.

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COVID-19 Highlights Need for Real-Time View of Your Assets

Posted on 31 March 2020

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, clients want accurate answers, and they want them fast. Delays in providing clients with a comprehensive picture of investments can result in costly decisions and missed business opportunities.

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How Integration, Interoperability, APIs and Apps are Changing Asset Management

Posted on 26 February 2020

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 for waterfall calculations and analysis, their goals are clear: make the firm more efficient, more competitive, more scalable and/or more client-focused.

But what exactly are APIs and apps? And more importantly, how do APIs, apps, integration and interoperability come together so you can unlock the true value of your technology investment?

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WealthTech Talks: The Modern Portfolio Management System for Wealth Managers

Posted on 13 November 2019

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.

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5 Things to Consider When Starting a Fund Administration Business

Posted on 25 September 2019

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 Eric Warshal should know. As president of Fund Associates, a fund administrator based in Georgia, he has had firsthand experience launching a fund administration business. To best position the business for success, Warshal recommends five key considerations: weighing strategic factors, selecting technology, identifying the target market, establishing service offerings, and determining how to differentiate your business from competitors.

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Alpha Ignored? Rethinking Family Office Operations

Posted on 7 August 2019

There are many investment opportunities to gain Alpha. But Alpha can also be achieved by keeping a close eye on expenses – as Jack Bogle, the iconic founder of the Vanguard Group and avid proponent of low-cost funds, has proven over the years.

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Making Wealth Last

Posted on 27 June 2019

“Someone is sitting in the shade today because someone planted a tree a long time ago.”
Warren Buffet

Acquiring wealth is one thing. But once acquired, how do you ensure it will “provide shade” that lasts for generations to come? Conventional advice recommends developing a shared vision based on family values and goals, conducting regular assessments to ensure the family is operating within mandate, establishing a succession plan and assigning accountability. While these strategies form the basis of sound governance and can certainly help to preserve wealth, technology further strengthens the ability to reach that goal.

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