Read Time3 Mins
Impact
Manual Consolidation
100% eliminated with unified,
auto-updating general ledger
Close Cycle Duration
Reduced from 7+ days to a few hours
Report Timeliness
Real-time insights into cash and
exposure so no more waiting for
reports
Client Background
Empowering a Houston-based MFO with an integrated technology platform and managed services, ensuring their UHNW family clients enjoy seamless operations, with timely and accurate reporting.
A newly formed Houston-based multi-family office sought a technology partner capable of streamlining their operations and simplifying complex reporting for UHNW families, including partnerships, trust, liquid, and illiquid assets.
The Challenge
- Complex client data forced manual reporting and record-keeping processes.
- Manual tasks caused delayed and inflexible reporting thus limiting their scalability and timely decision making.
- Almost all technology solutions offered asset-based pricing hindering cost optimization and transparency.
The MFO needed a comprehensive solution to drive time efficiency combined with secure, data-integrity-focused and robust end-user reporting, all at the right price.
Enter Asset Vantage, an integrated performance reporting and general ledger technology platform that empowers families and their advisors to make better investment decisions.
Here’s why AV was the perfect fit
- Complete picture of complex wealth: AV offered a comprehensive range of customizable features, from bank reconciliation to report books, perfectly tailored to the MFO’s needs.
- Transparent pricing: AV provided the highest coverage at the best value, enabling the MFO to scale operations and focus on growing their assets under management (AUM).
- Constant support: A responsive onboarding team ensured a precise and seamless data integration despite complex manual processes, leading to shorter implementation period.
- Secure and private environment: The MFO got their own AV platform that was 100% private, with data being hosted on a secure Virtual Private Server (VPS) on Amazon Web Services.
Final Impact
- AV’s platform empowered the MFO to confidently and accurately deliver reporting to their clients.
- The MFO was able to driver improved client acquisition by pitching enhanced family office services to its potential clients.
- Weekly workflows ensured seamless data synchronization, accuracy, and data completeness, lifting their back-office efficiencies and cost optimization.
Want to See Similar Results?
Request a Demo to explore how Asset Vantage can transform your financial operations.
