Starts with signing NDA, engagement letter and service level agreement which covers the agreed delivery date of monthly accounting package, inclusions of the standard accounting package, any customized reports etc.
We download the broker statements, bank statements etc. independently by read only web login or alternatively clients’ share their statements over email, hubdoc, google drive etc.
We process these statements independently in our system and calculate the realized gain\loss, closing cost of the portfolio as per the preferred method of lot realization like FIFO, LIFO, weighted average, HIFO etc.
Process the trades or transactions given by clients (if any) independently in our system
Process investor capital activities – subscriptions, redemption and transfer requests.
Perform a reconciliation of trades provided by broker vs trades provided by clients
Independent Portfolio Valuation of listed securities by Reuters, NYSE, model valuation
Programming of customized management fee, performance fee (subject to hurdle and high watermark) in our system in accordance with the terms of PPM.
Seeking operating expenses estimates from clients and revising them periodically wherever required.
Integrating all the sub systems like investor allocation, portfolio monitoring, operating expenses in our Centralized system to generate standard accounting package.
Standard monthly accounting package consists of Fund level Trial Balance, Balance Sheets, Profit and loss, Cash flow statements, realized gain reports, Investor allocation schedule, and Individual Investor statements