Managing family assets software can be a daunting task for family principals, especially when their investments are spread across multiple asset classes, entities, and advisors with a great amount of data amassed through years of transactions.
To get to the bottom line, one has to manually collate and analyze reams of data on spreadsheets created from accounting software, online tools, bank & credit card statements, advisor reports, capital gains statements, etc. This equates to an extremely inefficient and difficult way to keep track of and manage your assets.
Asset Vantage is a Family Asset Management Software Platform that not only puts the family principal in control but also simplifies and streamlines data consolidation for accounting and finance teams.
Asset Vantage provides comprehensive portfolio accounting software reporting that allows you to consolidate all the information on your investments, income, and expenses in a structured manner and generates a wide array of actionable insights that help you see the true picture of your family’s entire net worth. Keeping track of your advisors’ performance, exposure to sectors or stocks, tax saving opportunities and more is best done with all data residing on one integrated accounting software system.
With its automated accounting engine and document vault, Asset Vantage forms the backbone of your family office. Family principals keep an eye on:
Total wealth across entities, groups and asset classes
Current allocation of liquid and illiquid assets
Portfolio performance with annualized returns (IRR)
Comparison of advisors’ performance
Asset class performance
Lot-wise break up of short-term and long-term holdings
Asset allocation over time
Dividends, interest and rent receivable reconciled with actual receipts
