Imagine
A consolidated view of family wealth at your fingertips
A single source of truth for all your financial data
Running your family office like you would your business
Actionable views of family wealth across all asset classes
A powerful look-through into complex partnership structures
An accounting and reporting platform to consolidate liquid, alternative, private assets

An integrated performance reporting and general
ledger technology makes all things possible.

A complete family office software platform for global families with complex wealth

Trusted by

100’s

of Global Families

Serving Customers Across

10+

Countries

USD 200 B+

Assets on Platform

7,500+

Accounts Aggregated

45+

Custodian & Bank Feeds Integrated

Everything you need to manage your family office operation

True U-HNW Portfolio Performance Reporting Software

AV has closely studied the needs of global wealth owners to deliver performance analytics, handling all investment and reporting requirements through a highly configurable engine. It is everything you need to make insightful investment decisions across all your asset classes.

  • True multi-period Time Weighted Returns
  • IRRs and PME benchmarks for illiquid and real assets
  • Sequential and cumulative multi-period performance
  • Roll-forward valuations for illiquid assets
  • Aggregate performance through dynamic groupings
  • Reporting in both local and consolidated multi-currencies
  • Performance with look-through into partnership holdings

Financial Data Aggregation Software

AV can bring together all liquid and illiquid investments, income and expenses, liabilities and equity holdings in a seamless and simplified way with tax-lot level reconciliation for tradeable assets. Easy, efficient, and consistent data capture is designed to save time and reduce errors.

Data Aggregation

  • Electronic T+1 or T+2 custodial and bank data feeds with authorizations
  • Direct checking account and credit card account integrations
  • Seamless upload formats for all investments and vendor payments
  • Support for hundreds of PDF fund statements and trade confirmations
  • Corporate action feeds to help post missing transactions
  • Auto-generated GL posting for every transaction/cash flow
  • Single source of truth across investment performance and accounting

Reconciliation

  • Custodian tax lot and cash reconciliation reporting
  • Bank reconciliation with clear dates

Integrated General Ledger

AV’s family office software is a single point of book-keeping built on global IFRS and GAAP standards ensuring seamless integration of the GL with the investment book.

AV supports reconciliation with the Investment Book of Record (IBOR) for trades, corporate actions, and the Custody Book of Record (CBOR) with holding and tax-lot level and the Accounting Book of Record (ABOR) with posted debits and credits for all transactions, clear dates, and cash balances.

The same transactions and cash flows combined with daily end of market valuations from publicly traded markets globally or with manual (rolled forwarded) transactions for illiquid assets help make the Performance Book of Record (PBOR).

Partnership Accounting & Look-through

AV’s partnership accounting feature provides clients with the ability to account for and manage their family investment partnerships.

  • Powerful Inter-entity transactions makes complex structures easy to track and manage.
  • Capture direct partnership, side-pockets, GP & LP ownership through multiple levels and beneficial ownership of trusts.
  • A true General Ledger enables dynamic changes in ownership over time and the ability to review historical allocation reporting.
  • Auto-posting of partnership valuations keeps the inside and outside value at par.
  • Consolidating Balance Sheets with dynamic eliminations make reporting on complex structures a breeze.

Mobile App

Take advantage of AV on-the-go with an all-new mobile app, allowing access to your investment portfolio and key analytics in a secure manner.

  • Net-worth movement over time
  • Cash balances
  • IPS and Multi-period performance
  • Document vault
  • Alerts and notifications*

Launching early 2024

Portfolio Performance

True U-HNW Portfolio Performance Reporting Software

AV has closely studied the needs of global wealth owners to deliver performance analytics, handling all investment and reporting requirements through a highly configurable engine. It is everything you need to make insightful investment decisions across all your asset classes.

  • True multi-period Time Weighted Returns
  • IRRs and PME benchmarks for illiquid and real assets
  • Sequential and cumulative multi-period performance
  • Roll-forward valuations for illiquid assets
  • Aggregate performance through dynamic groupings
  • Reporting in both local and consolidated multi-currencies
  • Performance with look-through into partnership holdings
Financial Data Aggregation & Reconciliation

Financial Data Aggregation Software

AV can bring together all liquid and illiquid investments, income and expenses, liabilities and equity holdings in a seamless and simplified way with tax-lot level reconciliation for tradeable assets. Easy, efficient, and consistent data capture is designed to save time and reduce errors.

Data Aggregation

  • Electronic T+1 or T+2 custodial and bank data feeds with authorizations
  • Direct checking account and credit card account integrations
  • Seamless upload formats for all investments and vendor payments
  • Support for hundreds of PDF fund statements and trade confirmations
  • Corporate action feeds to help post missing transactions
  • Auto-generated GL posting for every transaction/cash flow
  • Single source of truth across investment performance and accounting

Reconciliation

  • Custodian tax lot and cash reconciliation reporting
  • Bank reconciliation with clear dates
Integrated General Ledger

Integrated General Ledger

AV’s family office software is a single point of book-keeping built on global IFRS and GAAP standards ensuring seamless integration of the GL with the investment book.

AV supports reconciliation with the Investment Book of Record (IBOR) for trades, corporate actions, and the Custody Book of Record (CBOR) with holding and tax-lot level and the Accounting Book of Record (ABOR) with posted debits and credits for all transactions, clear dates, and cash balances.

The same transactions and cash flows combined with daily end of market valuations from publicly traded markets globally or with manual (rolled forwarded) transactions for illiquid assets help make the Performance Book of Record (PBOR).

Partnership Accounting

Partnership Accounting & Look-through

AV’s partnership accounting feature provides clients with the ability to account for and manage their family investment partnerships.

  • Powerful Inter-entity transactions makes complex structures easy to track and manage.
  • Capture direct partnership, side-pockets, GP & LP ownership through multiple levels and beneficial ownership of trusts.
  • A true General Ledger enables dynamic changes in ownership over time and the ability to review historical allocation reporting.
  • Auto-posting of partnership valuations keeps the inside and outside value at par.
  • Consolidating Balance Sheets with dynamic eliminations make reporting on complex structures a breeze.
iOS Mobile App

Mobile App

Take advantage of AV on-the-go with an all-new mobile app, allowing access to your investment portfolio and key analytics in a secure manner.

  • Net-worth movement over time
  • Cash balances
  • IPS and Multi-period performance
  • Document vault
  • Alerts and notifications*

Launching early 2024

Serving family offices and their trusted wealth custodians

Our fully managed book-keeping, reconciliation, and reporting service freed up a Florida-based SFO's internal team to focus on making financial decisions.

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Our family office software enabled a Florida-based accounting firm to get full control of their vast amounts of disparate data, helping the firm provide their clients with a complete picture of family wealth.

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Our integrated technology platform and managed services enabled a Houston-based Multi-Family Office to provide their principals with seamless operations through timely and accurate reporting.

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Our ready and off-the-shelf comprehensive technology solution enabled the bank to focus on servicing and growing its global client base.

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Globally recognized

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Frequently asked questions

General
Is Asset Vantage a wealth advisor or robo-advisor?

Asset Vantage (AV) is not a wealth advisor or wealth manager. AV is a powerful family office accounting and reporting software designed to offer real-time information about your wealth so you can make well-informed decisions.

Our family office software is neither a robo-advisor nor an online wealth manager, as we do not provide investment products or offer recommendations on managing your wealth.

Why should I be using Asset Vantage?

If you aspire to be in control of your investments, our family office reporting software will enable you with financial data aggregation and portfolio performance reports. You no longer need to be dependent on your wealth advisors to understand the true picture of your financial life.

If you’re looking to consolidate investment data, manage accounting and store your documents all on one platform, the Asset Vantage platform is the perfect solution. It will help you reduce complexity and stay in control of your data.

With AV, you will be fully protected against personnel changes in your family office, ensuring a seamless transition of users with no loss of historical knowledge or data.

AV offers users the ability to access the system anytime and anywhere, reducing dependencies on family office teams, wealth managers, and external advisors.

Your family succession plan will be streamlined with AV, consolidating all your financial and investment data in one place for seamless access.

Can I transact through the platform like buy/sell stocks and bonds or make bank transfers?
No, you cannot transact on the AV platform. AV is an investment accounting platform with powerful data aggregation, allocation software, and portfolio reporting capabilities in addition to document management. Your transactions will need to be routed through your existing bank or broker so you don’t need to change the way you bank or invest.
What type of entities and asset classes can I use Asset Vantage for?

An entity is any investment holding vehicle that has a legal structure or a unique tax identification number. You can account for a wide range of entities on the AV platform – individuals, companies, trusts, partnerships, estates, Subchapter S corporations, LLCs, foundations, and individuals.

Non-standard asset tracking is challenging for all family offices. Asset Vantage’s portfolio reporting software integrates all asset classes, even personal assets such as homes, planes, cars, insurance policies, collectibles, etc.

You can even record liabilities and manage their periodic payments, ensuring a consolidated picture of your true net worth.

What features can I expect in the future?

We’re always working on keeping our family office software relevant and bringing you the latest technology to stay ahead. Given our Software-as-a-Service (SaaS) structure, you will always have the latest product upgrades, automatically pushed to your system.

With AV you gain access to our new AI driven technology, allowing you to query the system for financial and investment insights. This feature helps you optimize costs and enhance risk-adjusted returns.

User Permission
Is there a restriction to the number of login IDs per license?
No, the system allows you to create unlimited user login IDs per license, regardless of which edition you have subscribed to.
Can I define user permissions for designated advisors, accountants, and family members?
Yes, you can define unlimited user permissions for any external party and create restricted or limited access to your private data.
Is there a record of all user activity on the system?
The system maintains an audit log for all login sessions including data entry, edits, and deletions.
Data Storage & Access
Where is my data being stored and can I take a backup?
Your data is setup and stored securely on a private cloud provisioned by Amazon Web Services (AWS). You can also manually backup your encrypted data at any time.
Does Asset Vantage have access to my data?
No, we take privacy very seriously and the Asset Vantage team does not have access to any of your data. Explicit user access would have to be created by the client in order for Asset Vantage to have a username to access the system.
Can I access the data remotely and from my mobile devices?
Yes, you can access the system from a web browser using your unique URL, from anywhere, at any time. Our software is compatible with Firefox and Chrome on desktops and tablets. We also have an Asset Vantage Mobile App that you can download on your (Apple IOS) Smartphone to view your analytics dashboard on the go and stay updated with global news, stock news and more.
Data Upload
Can data from different sources be synced and uploaded to the AV platform?
Yes, bank accounts can be synced to AV and custodian data feeds can be linked as well. Alternatively, you can choose to upload data for all asset classes in a number of different automated ways — pre-formatted AV excel templates, custodian and registrar statement downloads or opt for data entry.
In what format can financial data be uploaded and entered on Asset Vantage?
You can enter transaction data by uploading excel files, digital contract notes, and other readable PDF files. Our portfolio data services include custodian data feeds that automatically update investment transactions and market values to reduce your time and effort.
How do I keep my bank and credit card transactions updated?
You can either manually upload bank statements to populate and categorize transactions or you can also use our ‘auto-sync’ feature where the AV system pulls read-only transactions directly from your online bank account. Once this data is categorized, the system will automatically create and update your books of accounts. We support over 5,000 global data feeds across banks, credit cards, and custody accounts.
Can I upload and store important documents in digital formats?
Yes, you can store any scanned document related to KYC, transactions, compliance, investments, personal assets, etc., in AV’s ‘Document Vault’. All documents can be linked to transactions for easy referencing.
Can I consolidate data for international assets?
Yes, the system’s data aggregation capabilities include full multi-currency conversion allowing you to manage a wide variety of international assets.
How do I update values of all my illiquid assets?
You can manually update valuations of all illiquid assets. The system will then compute portfolio performance based on your latest valuation update.
Investment Analytics
How does my portfolio stay updated?
Our system is backed by daily data feeds integrated with valuations and corporate actions (dividends, bonuses, splits, etc.), which auto-update your portfolio with end of day closing prices for all market-traded assets. This ensures your market-traded portfolio performance report is always up-to-date.
Can I review annualized returns (IRR/TWR) since inception and for a specific period?
Yes, the system computes annualized returns (IRR or TWR) from inception and between any two dates and across asset classes, advisors, sectors, etc. This depicts the true picture of investment performance and private equity returns, leading to better-informed decisions.
Does the system compute asset allocation over time?
Yes, it does. We understand the importance of asset allocation in managing complex family office portfolios. You can set target asset allocations, review changes in asset allocation over a period of time and rebalance your allocation to align it with your investment strategies.
Can I review my holdings across different parameters?
Yes, you can filter your assets based on sector concentration, geographic exposure, and liquidity profile.
Can I compare annualized performance of my various wealth advisors?
Performance reporting is an integral part of the Asset Vantage family office accounting software. You can compare the performance of your advisors for any chosen date range. This helps you stay prepared for monthly reviews with your wealth advisors.
Does the platform support benchmarking?
Yes, you can compare performance with various benchmarks like indices or any public security. Benchmarks can be assigned at multiple levels like asset class, sub asset class, individual holding, or advisors.
Can I review performance analytics at the group or family level?
Yes, you can create groups with unlimited permutations and combinations of family members, trusts, business entities, and partnerships to view consolidated reports at a group or family level. That is the power of AV’s data aggregation and allocation technology.
Can I tag holdings to asset classes as per my preference?
You can categorize holdings as per your own definitions and change asset class mapping to suit your specific reporting needs. You can also evaluate performance based on custom investment strategies.
Can I customize reports to suit my needs?
Yes, you can create and save custom report templates to suit your data analytics needs.
Accounting
Does the system generate short-term and long-term gains reports for investments?
Yes, the ‘Gains/Loss Report’ splits realized and unrealized gains into short-term and long-term periods for each lot or unit of investment. For unrealized investments in the short-term, the system computes the number of balance days for an investment to mature into a long-term holding.
Does the system have income and expense reports?
Yes, Asset Vantage is a family office accounting software and the system provides a detailed analysis for income and expense across categories.
With automated accounting, how are ledgers created?
Asset Vantage has a balance of automation and configuration. You need not create ledgers as the system automatically creates and updates ledgers when transaction data is entered and processed. However, you can also manually create any type of ledger at the accounting head or subgroup level and make manual journal entries as well.
What kind of accounting reports does the platform create?
Asset Vantage has a dual entry accounting engine that creates Income Statement (P&L), Balance Sheet, General Ledger, Bank Reconciliation, Trial Balance, Capital Gains with Indexation, and all journal entries.
Can the system help with tax reporting?
The family office accounting software does not calculate tax liability but it does make tax reporting easier. The system helps you aggregate data and gives you and your CPA/Chartered Accountant all the consolidated data and specific tax reports that help compute tax effortlessly.
What format is the balance sheet prepared in?
AV creates a balance sheet in accordance with Generally Accepted Accounting Standards and International Financial Reporting Standards (IFRS) as applicable in different regions. These balance sheet groupings can be further configured into custom formats for each entity or group.
Can we print journal entries generated on the system?
Yes, you can print journal entries generated on the system.
Integrations and Others
Can we file GST returns from Asset Vantage?
It isn’t currently designed for directly filing GST returns. You’ll need to use a dedicated GST filing platform or consult with a tax professional for this task. However, you can do excel export from Asset Vantage and use relevant data for your return filing process.
Can we sync Asset Vantage with third party accounting software?
No, direct sync with third party accounting tools like Tally or SAP is not possible. However, you can utilize Excel output reports from Asset Vantage and integrate AV excel readability into such third party tools for integration.
Does AV support Payroll functionality?
Asset Vantage does not currently offer built-in payroll functionality. Its focus lies on investment portfolio management, accounting, and reporting.
Does AV support accounting for business operating entities?
No, AV doesn’t support accounting for business operating entities. AV accounting is designed for Personal and Investment entities.
Does AV keep audit history of transactions?
Yes, Asset Vantage (AV) maintains a comprehensive audit history of transactions. This feature ensures a transparent and traceable record of all financial activities, providing accountability and facilitating regulatory compliance for users.

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Password Policy

    • Passwords should consist of a minimum of EIGHT characters to a maximum of THIRTY characters.
    • Password complexity should be a combination of alphanumerical, at least one upper case, at least one lower case character, and at least one special character.
    • Password should contain at least one numerical value (e.g. 0-9)
    • Password should contain at least one each of upper and lower case characters (e.g., az, A-Z)
    • Password should contain at least one special character (e.g. !@#$%^&*()+=)
    • The system should not allow reusing the last 3 passwords.
    • The system should not allow using the user’s first and or last name used in the system.
    • The system should not allow using a username, email id, or phone no. used in the system.
    • Password should not be allowed to contain a sequence of repeated characters e.g. aaa123 is an invalid password
  • Asset Vantage Software Licensing Agreement

     

    This is a binding legal agreement between the natural person or legal person (“Licensee” or “you”) agreeing to these terms of service (“Agreement”) and Asset Vantage Inc. (“Company” “us,” or “we”). This Agreement along with any other terms and policies referenced herein, and are incorporated herein by reference form an integral part hereof, as amended from time to time and constitute a legally binding agreement as of the Effective Date (as defined below). This Agreement is between the Company and you, either individually, or on behalf of your employer or any other entity which you represent (“you” or “your”). In case you represent your employer or another entity, you hereby represent that (i) you have full legal authority to bind your employer or such entity (as applicable) to this Agreement; and (ii) after reading and understanding this Agreement, you agree to the terms of this Agreement on behalf of your employer or the respective entity (as applicable), and this Agreement shall bind your employer or such entity (as the case may be). Please note that you are deemed as an Authorized User (defined below) representative of your employer or an entity (as applicable) if you are using your employer or an entity’s email address in registering into the service.

    You acknowledge that this Agreement is binding, and you affirm and signify your consent to this Agreement, by either: (i) clicking on a button or checking a checkbox for the acceptance of this Agreement; or (ii) subscribing/registering for using or accessing the service, sites or any of our mobile application, whichever is earlier (the “Effective Date”).

    If you do not agree to comply with, and be bound by, this Agreement or do not have authority to bind your employer or any other entity (as applicable), please do not accept the terms under this Agreement or access or use the service or the sites or any of our mobile application.

    1. Definitions: For purposes of this Agreement, the following terms have the following meanings:

    “Authorized Users” means the individual persons who are officers, employees or advisors to the Licensee (or who are Families or CPAs to Families) expressly authorized to use the Software by the Licensee pursuant to the license granted under this Agreement, provided that a User License may be reassigned from time to time by Licensee to a new Authorized User who is replacing a former Authorized User who is no longer permitted to use the Software.

    Confidential Information” Confidential Information shall include, but not be limited to:

        • any information provided by one Party to the other Party, or developed by one Party for the other Party within the framework of this Agreement, including credentials supplied by the Company to the Licensee to access the Software Platform;
        • all improvements, research, data, materials, products, technology, specifications, manuals, plans, samples, procedures, know-how, concepts, teaching or development techniques, intellectual property, pricing methods, formulas, other information not generally known outside of the Party and its affiliates, and other ideas related to the Party whether existing tangibly or intangibly in oral, written, electronic or other forms;
        • data collected during any sales effort;
        • names, identifying information, or other information regarding a Party’s customers, employees, independent contractors or other associates;
        • information generated or obtained in connection with the Parties’ pricing, proposals or contracts (including the provisions of this Agreement);
        • the Parties’ procedures, programs, guidelines or policies;
        • information designated in writing as “confidential”;
        • anything that any court or law of any jurisdiction governing the objects of this clause deems confidential or privileged, or
        • anything that, upon disclosure, could be detrimental to the interests of a Party or any of a Party’s clients, members, or employees, whether or not the Company identifies the information as confidential or privileged. Each Party acknowledges that the Confidential Information of the other Party constitutes valuable confidential and proprietary information.

     

    However, neither Party’s Confidential Information shall include any information that:

        • was known by the receiving Party at the time of disclosure to it by the disclosing Party, or that is independently developed or discovered by the receiving Party, after disclosure by the disclosing party, without the aid, application or use of any item of the disclosing Party’s Confidential Information, as evidenced by written records;
        • is now or subsequently becomes, through no act or failure to act on the part of the receiving Party, generally known or available;
        • is disclosed to the receiving Party by a third party authorized to disclose it; or
        • is required by law or by court or administrative order to be disclosed; provided, that the receiving Party shall have first given prompt notice to the other Party of such required disclosure.

    “Documentation” means user manuals, technical manuals and any other materials made available by Company, in electronic or other form, that describe the operation, use or technical specifications of the Software.

    “Intellectual Property Rights” means any and all registered and unregistered rights granted, applied for or otherwise now or hereafter in existence under or related to any patent, copyright, trademark, trade secret, database protection or other intellectual property rights laws, and all similar or equivalent rights or forms of protection, in any part of the world.

    “Person” means an individual, corporation, partnership, joint venture, limited liability company, governmental authority, unincorporated organization, trust, association or other entity.

    “Software” means platform procured by the Licensee as software as a service (SaaS) and all modifications thereto from the Company. This includes any technical documentation, instructions, etc., regarding the software. The software also includes a series of instructions, rules, routines, or statements that allow or cause the software to perform a specific operation or series of operations, the recorded information comprising viewing design details, algorithms, processes, flow charts, formulas, related material that would enable the computer program to be produced or created, graphical interface, images, design materials, and scheme design.

    “Term” has the meaning set forth in Clause 11 of this Agreement.

    “Third Party” means any Person other than Licensee or Company.

    1. Scope and Grant of License.

     

    • Subject to Licensee’s compliance with all terms and conditions set forth in this Agreement and regular payment of the License Fee, the Company hereby grants to the Licensee a non-exclusive, non-transferable, non-sub-licensable and revocable limited license during the Term to use, solely by and through its Authorized Users, the Software along with the Documentation (“Software Platform”), solely as set forth in this Clause 3. This license grants Licensee the right, to use and access the Software Platform in accordance with this Agreement which more particularly set out in Appendix III (“Scope”) and the Documentation. By entering into this Agreement, the Licensee agrees to be legally bound by its terms and conditions.

     

    • The Licensee acknowledges and agrees that pursuant to the license, the Licensee shall not acquire any ownership interest in the Software Platform or any other rights thereto other than to use the Software Platform in accordance with the license granted, and subject to all terms, conditions, and restrictions, under this Agreement. Further, the Licensee acknowledges and agrees that the Company has only granted the Licensee the license to use the Software Platform as per the terms of this Agreement and the Software Platform is not being sold to the Licensee.

     

    1. License Fee. Licensee agrees to pay for the Software Platform a [monthly/annual] fee as set out in the Appendix I (“License Fee”) for the Term.

     

    1. Use Restrictions.
        • Licensee shall not, and shall ensure its Authorized Users do not, either directly or indirectly:
        • provide any other Person, other than Authorized Users, with access to or use of the Software Platform;
        • modify, amend, translate, adapt or otherwise create derivative works or improvements, whether or not patentable, of the Software Platform or any part thereof;
        • combine the Software or any part thereof with, or incorporate the Software or any part thereof in, any other programs;
        • reverse engineer, disassemble, decompile, decode, modify, amend or otherwise attempt to derive or gain access to the source code of the Software or any part thereof;
        • remove, delete, alter or obscure any trademarks or any copyright, trademark, patent or other intellectual property or proprietary rights notices provided on or with the Software Platform, including any copy thereof;
        • rent, lease, lend, sell, sublicense, assign, distribute, publish, transfer or otherwise make available the Software Platform, or any features or functionality of the Software Platform, to any Third Party (other than Authorized Users) for any reason;
        • use the Software Platform in violation of any law, regulation or rule;
        • use the Software Platform for purposes of developing or assisting a third party in developing a competing software or platform, product or service or any other purpose that is to the Company’s commercial disadvantage.
        • use the Software for purposes of competitive analysis or the development of a competing software product or service or product having the same and/or similar function as the Software Platform.
        • This Agreement does not grant the Licensee any rights whatsoever in relation to the Company’s trademarks or service marks; and
        • The Licensee shall not use the Software Platform into any country in violation of any export control laws or regulations.
    1. Responsibility for Use of Software.
        • The Licensee is responsible and liable for all uses of the Software Platform through access thereto provided by Licensee, directly or indirectly. Specifically, and without limiting the generality of the foregoing, the Licensee shall at all times be responsible and liable for all actions and omissions of the Authorised Users. If the Company at any time determines that the Licensee’s use of the Software is in excess of the Scope then:

    a. The Licensee shall, within thirty (30) days following the date of Company’s written notification thereof, pay to Company the additional License Fees for such excess use. In determining the License Fee payable pursuant to the foregoing, unless Licensee can demonstrate otherwise by documentary evidence, all previously unknown excess use of the Software shall be deemed to have commenced on the commencement date of this Agreement and the rates for such licenses shall be determined without regard to any discount to which the Licensee may have been entitled had such use been properly licensed prior to its commencement (or deemed commencement); and

    b. The Company reserves the right to forthwith terminate this Agreement and initiate the legal proceedings against the Licensee for breach of terms of this Agreement and recovery of the amounts due.

        • The Licensee shall use commercially reasonable efforts to safeguard the Software Platform from infringement, replication in any form, misappropriation, theft, misuse, or unauthorized access. Licensee shall promptly notify the Company if Licensee becomes aware of any violation of Company’s Intellectual Property Rights in the Software Platform.
    1. Support Services.
        • Subject to Clause 8.1, during the Term of this Agreement, the Company may provide basic software support services described in the pricing proposal as set out in Appendix I.
        • The Company shall have a right to stop providing support services if the Licensee and/or any of it Authorised Users:
        • breach any of the terms of this Agreement; or
        • use the Software Platform in excess or not in accordance with the Scope
        • The Company may provide updates and maintenance on the Software at its sole discretion.
    1. Collection and Use of Information.
        • Licensee acknowledges that Company may, directly or indirectly through the services of Third Parties, collect and store information regarding use of the Software and about equipment on which the Software is used or through which it otherwise is accessed and used, through the provision of support services.
        • Licensee agrees that the Company may use such information for any purpose related to any use of the Software by Licensee or on Licensee’s equipment, including but not limited to:
        • improving the performance of the Software; and
        • verifying Licensee’s compliance with the terms of this Agreement and enforcing the Company’s rights, including all Intellectual Property Rights in and to the Software.
    1. Confidential Information.
        • In connection with the performance of the Parties’ obligations under this Agreement, each Party may provide to the other Party, and the other Party shall have access to, the first Party’s Confidential Information. Notwithstanding any other content of this Clause 9, Licensee hereby permits the Company to use the Licensee’s name in the Company’s marketing material to the limited extent of identifying the Licensee as a customer that uses the Software Platform.
        • Each Party shall exercise due care to prevent the unauthorized use or disclosure of the other Party’s Confidential Information, and shall not, without the other Party’s prior written consent: (a) use the other Party’s Confidential Information for any purpose other than performing its obligations under this Agreement; or (b) disclose or otherwise make available, directly or indirectly, any item of the other Party’s Confidential Information to any person or entity other than those employees, independent contractors, agents or investigators of such Party and/or its affiliated entities (collectively, “Representatives“) who reasonably need to know the same in the performance of such Party’s obligations under this Agreement, or in order to make decisions or render advice in connection therewith. Each party shall protect the confidentiality of the Confidential Information of the other party with the same degree of care, as such party uses to protect its own Confidential Information, and in no event, less than reasonable care. For the convenience of the Parties, each Party acknowledges that unless precluded in writing by the other Party, Confidential Information may be transmitted to a Party and/or its Representatives via the Internet.
        • In the event of an actual or threatened breach of the above confidentiality provisions, the non-breaching Party shall have no adequate remedy at law and shall be entitled to immediate injunctive and other equitable relief, without bond and without the necessity of showing actual money damages.

     

    1. Intellectual Property Rights.

    Licensee acknowledges and agrees that the Software Platform is provided by the Company under a non-exclusive, non-transferable, non-sub-licensable, revocable license. The Licensee shall not have any interest in the Software Platform including but not limited to any ownership interest in the Software Platform or any other rights thereto other than to use the same in accordance with the terms of this Agreement. The Company reserves and retains its entire right, title and interest in the Software Platform and all Intellectual Property Rights arising out of or relating to the Software Platform. The Licensee shall use all efforts to safeguard the Software Platform from infringement, misappropriation, theft, misuse or unauthorized access. The Licensee shall promptly notify the Company if the Licensee becomes aware of any violation of the Company’s Intellectual Property Rights in the Software Platform and fully cooperate with the Company in any legal action taken by Company to enforce its Intellectual Property Rights. The Licensee acknowledges and agrees that the Licensee, and not the Company, shall be solely responsible for the investigation, defense, settlement and discharge of any intellectual property infringement claim or suit, or any other harm or damages resulting from Licensee’s use of or access to the Software Platform.

    1. Term and Termination.
    • This Agreement and the license granted hereunder shall remain in effect for the term set forth in the order form as set out in Appendix I. The license is valid for a period of 12 months from the date of activation (“Term”) unless otherwise indicated in the order form as set out in Appendix I. This Agreement will renew automatically for another twelve month period at the expiration date (“Extended Term”) unless the Licensee provides a written notice of termination sixty (60) days prior to the date of expiry of the License.
    • Without prejudice to any other rights or remedies and notwithstanding anything contained in Clause 11.1 above, the Company shall have an unfettered right to terminate this Agreement at any time upon Licensee’s failure to comply with all the terms and conditions of this Agreement.
    • Company may terminate this Agreement, effective immediately, if the Licensee files itself, or any other Person has filed against the Licensee (and fails to obtain a dismissal within sixty (60) days thereof), a petition for voluntary or involuntary bankruptcy or pursuant to any other insolvency law, makes or seeks to make a general assignment for the benefit of its creditors or applies for, or consents to, the appointment of a trustee, receiver or custodian for a substantial part of its property.
    • Upon expiration or earlier termination of this Agreement, the license granted hereunder shall also terminate, and Licensee shall cease using and destroy (to the extent reasonably practicable) all copies of the Software Platform. No expiration or termination shall affect Licensee’s obligation to pay all Licensee Fees that may have become due before such expiration or termination, or entitle Licensee to any refund, in each case except as set forth in Clause 11.3.
    1. Limited Warranties, Exclusive Remedy and Disclaimer/Warranty Disclaimer.
    • The Company warrants that, during the Term, the Software will substantially contain the functionality described in the Documentation, and when properly accessed and used on a computer (as per requirements specified in the Documentation) and operated in accordance with the Documentation the Software shall substantially perform in accordance therewith. However, the Company does not represent or warrant that any and/or all errors will be corrected and that any and/or all incidents will be prevented or corrected.
    • The warranties expressly set forth in this Clause will not apply and will become null and void (i) if Licensee breaches any provision of this Agreement, and/or (ii) if Licensee and/or any Authorized User and/or any other Person to whom access to the Software is provided , whether or not in violation of this Agreement:
    • uses the Software Platform on or in connection with any hardware or software not specified in the Documentation, provided that the warranties in this Section shall continue to apply to Software that is installed or used on any hardware, software, configuration or operating system in accordance with the Documentation; or
    • misuses the Software, including any use of the Software other than as specified in the Documentation.
    • During the Term of this Agreement, if the Software fails to perform substantially in accordance with the Documentation, and such failure is not excluded from warranty pursuant to Clause 12.1, the Company will, at its sole option, use commercially reasonable efforts to repair the Software, provided that Licensee provides Company with all information which the Company requests to resolve the reported failure, including sufficient information to enable the Company to recreate such failure. Provided further that, the Licensee shall within 5 days after such failure has occurred, notify in writing to the Company informing about the failure. The Licensee acknowledges and agrees that the Software Platform may produce inaccurate results because of a failure or fault within the Software Platform for reasons not attributable to the Company or failure by Licensee to properly use and/or deploy the Software Platform. The Licensee assumes full and sole responsibility for any use of the Software Platform and bears the entire risk for failures or faults within the Software Platform on account of reasons not attributable to the Company. Licensee agrees that regardless of the cause of failure or fault or the form of any claim, the Company’s obligation if any shall be governed by this Agreement. Further, the Licensee acknowledges that the remedies set forth in this Clause 12.3 are Licensee’s sole remedies and Company’s sole liability with respect to the warranties provided in this Clause 12.
    • The software and documentation are provided to licensee on an “as is where is” basis and with all faults and defects without warranty of any kind other than as expressly set forth in this Clause 12. The Company, on its own behalf and on behalf of its affiliates expressly disclaims all warranties, whether express, implied, statutory or otherwise, with respect to the software and documentation, including all implied warranties of merchantability, fitness for a particular purpose, and warranties that may arise out of course of dealing, course of performance, usage or trade practice. Without limitation to the foregoing, the Company provides no warranty or undertaking, and makes no representation of any kind that the licensed Software Platform will meet the Licensee’s requirements, achieve any intended results, operate without interruption, meet any performance or reliability standards or be error free or that any errors or defects can or will be corrected.
    • The Licensee represents and warrants that it has due authorisations to enter into this Agreement and perform its obligations. Further, the Licensee represents and warrants that its is not barred under law, contractually or otherwise to enter into this Agreement and perform its obligations.
    1. Limitation of liability
    • The Company and its affiliates, shall not be liable to the Licensee or to any third party for any use, interruption, delay or inability to use the software, lost revenues or profits, delays, interruption or loss of services, business or goodwill, loss or corruption of data, loss resulting from system or system service failure, malfunction or shutdown, failure to accurately transfer, read or transmit information, failure to update or provide correct information, system incompatibility or provision of incorrect compatibility information, or breaches in system security, or for any consequential, incidental, indirect, exemplary, special or punitive damages, whether arising out of or in connection with this agreement, breach of contract, tort (including negligence) or otherwise, regardless of whether such damages were foreseeable and whether or not the Licensee was advised of the possibility of such damages.
    • In no event will the Company’s and its affiliates’, collective aggregate liability under or in connection with this Agreement or its subject matter, under any legal or equitable theory, including breach of contract, tort (including negligence), strict liability and otherwise, exceed the total amount paid to the Company under this agreement for immediately preceding three month period.
    1. Export Regulation.

    The Software Platform may be subject to US export control laws, including the US Export Administration Act and its associated regulations. The Licensee shall not, directly or indirectly, export, re-export or release the Software Platform to, or make the Software Platform accessible from, any jurisdiction or country to which export, re-export or release is prohibited by law, rule or regulation. The Licensee shall comply with all applicable federal laws, regulations and rules, and complete all required undertakings (including obtaining any necessary export license or other governmental approval), prior to exporting, re-exporting, releasing or otherwise making the Software Platform available outside the US.

    1. Indemnification

    Licensee hereby agrees to indemnify the Company and its officers, directors, employees, agents, and representatives (“Indemnified Person”) from each and every demand, claim, loss, liability, or damage of any kind, including actual attorney’s/legal fees, whether in tort or contract, that may incur by reason of, or arising out of, any claim which is made by either the Licensee and/or any third party against the Indemnified Person with respect to any breach or violation of this Agreement by the Licensee or any claims based on Licensee’s and/or its client’s use of the Software Platform.

    1. Miscellaneous.
    • Governing Law: This Agreement is governed by and construed in accordance with the internal laws of United States of America without giving effect to any choice or conflict of law provision or rule that would require or permit the application of the laws of any other jurisdiction. Any disputes arising from or related to this Agreement or any Company Software or service shall be subject to the exclusive jurisdiction and venue of the courts situated in New York, and both Parties hereby consent to such jurisdiction and venue.
    • Force Majeure: The Company will not be responsible or liable to the Licensee, or deemed in default or breach hereunder by reason of any failure or delay in the performance of its obligations hereunder where such failure or delay is lockdowns, due to strikes, labor disputes, civil disturbances, riot, rebellion, invasion, pandemic, epidemic, hostilities, war, terrorist attack, embargo, natural disaster, acts of God, flood, fire, sabotage, fluctuations or non-availability of electrical power, heat, light, air conditioning or any other circumstances caused beyond the Company’s reasonable control (“Force Majeure Event”). It is hereby clarified that the Licensee’s payment obligation shall continue during the Force Majeure Event.
    • Notices: All notices, requests, consents, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed to have been given: (a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized overnight courier (receipt requested); (c) on the date sent by e-mail (with confirmation of transmission) if sent during normal business hours of the recipient, and on the next business day if sent after normal business hours of the recipient; or (d) on the third day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid.
    • Entire Agreement: The terms and conditions of this Agreement, including its exhibits, constitutes the entire agreement between the parties with respect to the subject matter hereof, and merges and supersedes all prior and contemporaneous agreements, understandings, negotiations and discussions. Neither of the parties shall be bound by any conditions, definitions, warranties, understandings, or representations with respect to the subject matter hereof other than as expressly provided herein. The section headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. No oral explanation or oral information by either party hereto shall alter the meaning or interpretation of this Agreement. No amendments or modifications shall be effective unless in a writing signed by authorized representatives of both parties. These terms and conditions will prevail notwithstanding any different, conflicting or additional terms and conditions which may appear on any purchase order, acknowledgment or other writing not expressly incorporated into this Agreement.
    • Assignment:

    a. Licensee shall not assign or otherwise transfer any of its rights, or delegate or otherwise transfer any of its obligations or performance, under this Agreement, in each case whether voluntarily, involuntarily, by operation of law or otherwise, without Company’s prior written consent, which consent Company may give or withhold in its sole discretion. For purposes of the preceding sentence, and without limiting its generality, any merger, consolidation or reorganization involving Licensee (regardless of whether Licensee is a surviving or disappearing entity) will be deemed to be a transfer of rights, obligations or performance under this Agreement for which Company’s prior written consent is required. No delegation or other transfer will relieve Licensee of any of its obligations or performance under this Agreement. Any purported assignment, delegation or transfer in violation of this Clause 16.5 is void. The Company may assign or otherwise transfer all or any of its rights, or delegate or otherwise transfer all or any of its obligations or performance, under this Agreement without Licensee’s consent. This Agreement is binding upon and inures to the benefit of the parties hereto and their respective permitted successors and assigns.

    b. This Agreement is for the sole benefit of the parties hereto and their respective successors and permitted assigns and nothing herein, express or implied, is intended to or shall confer on any other Person any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.

    • Amendment and Waiver: This Agreement may only be amended, modified or supplemented by an agreement in writing signed by each party hereto. Failure or neglect by the Company to enforce at any time any of the provisions hereof shall not be construed nor shall be deemed to be a waiver of the Company’s rights hereunder nor in any way affect the validity of the whole or any part of this License nor prejudice the Company’s rights to take subsequent action.
    • Reservation of Rights and Remedies: The Company reserves all of its rights to proceed to enforce its rights in connection with all rights not expressly granted to the Licensee in this Agreement.
    • Severability: If any term or provision of this Agreement is invalid, illegal or unenforceable in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other term or provision shall to that extent be severed from the remaining terms, conditions and provisions which shall continue to be valid to the fullest extent permitted by law.
    • Interpretation: For purposes of this Agreement, (a) the words “include,” “includes” and “including” shall be deemed to be followed by the words “without limitation”; (b) the word “or” is not exclusive; and (c) the words “herein,” “hereof,” “hereby,” “hereto” and “hereunder” refer to this Agreement as a whole. Unless the context otherwise requires, references herein: (x) to Sections and Exhibits refer to the Sections of, and Exhibits attached to, this Agreement; (y) to an agreement, instrument or other document means such agreement, instrument or other document as amended, supplemented and modified from time to time to the extent permitted by the provisions thereof and (z) to a statute means such statute as amended from time to time and includes any successor legislation thereto and any regulations promulgated thereunder. This Agreement shall be construed without regard to any presumption or rule requiring construction or interpretation against the party drafting an instrument or causing any instrument to be drafted. The headings in this Agreement are for reference only and do not affect the interpretation of this Agreement.
    • Independent Development: This Agreement does not preclude the Company from evaluating, acquiring from third parties not a party to this Agreement, independently developing or marketing similar technologies or products, or making and entering into similar arrangements with other companies. The Company is not restricted by this Agreement to make such products or technologies available to third parties.
    • Disclaimer: The Software Platform is subject to the Disclaimer set out in the Appendix V of this Agreement.

     

    Appendix IV : Privacy Policy

    The Customer can access the privacy policy of the Company at the following link: https://www.assetvantage.com/privacy-policy/

    Appendix V: Disclaimer

    1. All of the operating procedures with respect to the Software Platform have been designed based on the Company’s experience in working with hundreds of global family offices. Under no circumstances should any person using the Software Platform should make investment decisions based solely on the information setout therein. The Company is not a qualified financial advisor and the Licensee should not construe any information discussed herein to constitute investment advice. The information in the Software Platform is not meant to be, and should not be construed as advice or used for investment, financial planning, legal, accounting, or tax purposes. The Licensee agrees to consult with a registered investment advisor, which the Company is not, prior to making any investment/trading decision of any kind. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. It must be implemented as per individual family office requirements in consultation with the family office’s local accounting and legal professionals.
    2. The Software Platform is based upon information that is relevant while making investment decisions and the Company considers it reliable, but the Company does not represent that it is accurate or complete, and that it should be relied upon, as such. The Licensee should not rely solely on the information in making any investment. Rather, the Licensee should use the information only as a starting point for doing additional independent research in order to allow the Licensee to form its own opinion regarding investments. All recommendations, advice or opinions cited are the professional views of the Company. The Licensee must act upon them with due diligence.
    3. The Company is neither registered as a wealth advisor, wealth manager, investment advisor nor soliciting any investment in any jurisdiction. Further, the Company does not accept any responsibility or liability for the actions or inactions on the part of any individual or firm stemming from the information mentioned in the Software Platform. The Licensee is solely responsible for verifying the information as being appropriate for the Licensee’s use, including without limitation, seeking the advice of a qualified professional regarding any specific financial, legal, accounting, or tax questions that the Licensee may have.
    4. The Company makes no warranties and gives no assurances regarding the truth, timeliness, reliability, or good faith of any material/factual data in the Software Platform. The Company does not warrant that investment/trading methods or systems presented in the manual will result in profits or losses. The Company makes no guarantees as to the accurateness, quality, or completeness of the information and the Company shall not be responsible or liable for any errors, omissions, inaccuracies in the information or for Licensee’s reliance on the information Vis-à-vis the Software Platform.
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