Frequently Asked Questions
If you aspire to be in control of your investments, our software platform is meant for you even if you are not an active investor. You no longer need to be fully dependent on your wealth advisors to really understand the true picture of your financial life.
If you’re looking to consolidate investment data, manage accounting and documents all on one platform, the Asset Vantage software platform is the perfect solution and will help you reduce complexities and stay on top.
No, the system allows you to create unlimited user login IDs per license, regardless of which edition you are subscribed to.
Yes, you can define unlimited user permissions for any external party and create restricted or limited access to your private data.
The system maintains an audit log for all login sessions including data entry, edits and deletions.
Your data is setup and stored securely on a private cloud provisioned by Amazon Web Services (AWS). You can take a manual backup of your encrypted data at any time. We have opted out of auto-backup settings on AWS so there are no backup files created without your knowledge.
No, we take privacy very seriously and the Asset Vantage team does not have access to any of your data.
Yes, you can access the system from a web browser using your unique URL, from anywhere, at anytime. 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 / Google Android) smartphone to view your analytics dashboard on the go and stay updated with global news, stock news and more.
Yes, you can choose to upload data for all asset classes in a number of different automated ways — preformatted AV excel templates, custodian and registrar statement downloads and manually.
You can enter transaction data by uploading excel files, digital contract notes and other readable PDF files.
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 feeds across banks, credit cards and custody accounts.
Yes, you can store any scanned document related to KYC, transactions, compliance, investments, etc. in AV’s ‘Document Vault’. All documents can be linked to transactions for easy referencing.
Yes, the system has full multi-currency capabilities and you can handle a wide variety of international assets.
You can manually update valuations of all illiquid assets. The system will then compute performance based on your latest valuation update.
Our system is backed by a daily data feed integrated with valuations and corporate actions (dividends, bonuses, splits, etc.), which auto-updates your portfolio with end of day closing prices for all market-traded assets.
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 performance and leads to better-informed decisions.
Yes, you can review change in asset allocation over a period of time to rebalance your allocation and align it with your investment strategies.
Yes, you can filter your assets based on sector concentration, geographic exposure, and liquidity profile.
Yes, 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.
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.
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.
Yes, you can create and save custom report templates to suit your data analytics needs.
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.
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.
Yes, the system provides a detailed analysis for income and expense across categories.
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 ledgers at the accounting head or subgroup level and make manual journal entries as well.
AV has a dual entry accounting engine that creates Income Statement (P&L), Balance Sheet, General Ledger, Bank Reconciliations, Trial Balance, Capital Gains with Indexation and all journal entries.
No, the system does not calculate tax liability. However, the system gives you and your CPA/Chartered Accountant all the data that you need to compute tax effortlessly.
AV creates a balance sheet in accordance with Generally Accepted Accounting Standards as applicable in India and USA.
Yes, you can print journal entries generated on the system.