Universal Needs for Financial Management

Ed Van Deman
By Investing, Technology

As tireless advocates for the benefits of using sophisticated reporting systems for effective financial management, it was satisfying to see that our partners in India feel the same way. Below is an article Asset Vantage recently published in India. It demonstrates that the issues faced by investors for managing wealth are truly universal. Further, it illustrates how we share a common understanding of the issues that must be addressed. We are building on this common mission to deliver technology solutions that enable our clients to achieve success around the world. Here is their message to prospective clients:


Signs You Are Losing Control Of Your Family Assets

Would any of these signs make you sit up and re-look at your financial assets?

  • Dividends not received for a stock you hold
  • Sold stock and booked profits before realizing that a particular lot had not yet qualified for long-term tax treatment
  • A fixed-return investment generating zero annualized returns
  • Exposure to the same under-performing fund across multiple advisors
  • Excessive liquidity, pulling down your average returns

In all probability, these instances of financial inefficiency could be overlooked by your personal finance team on a routine basis because the data is fragmented and actionable insights are not available from manually created spreadsheets.

This raises the question: How do you regain control of your family assets?

The answer lies in tech-enabled automation of your financial data.

Automation using a financial software platform gives you convenient access to your consolidated portfolio, while maintaining data security and providing intuitive analytics. A multi-user system can provide your outside accountant and/or investment advisor with limited access to your investment data, allowing them to complete their tasks from their own offices and stay fully aligned. Simultaneously, the software tool automatically updates market information on valuations and corporate actions on a daily basis. This gives you a consolidated, near real-time view of multi-entity, multi-asset class data.

Consolidated reporting provides compounded returns categorized by asset class, advisor, sector, etc. Specific reports and analytics enable you, or your personal finance team, to spot anomalies and take immediate action. The system reconciles receivables (dividends, interest, rent) against bank receipts and automatically generates holding statements for individual accounts, by advisor, sector etc. These real-time reconciliation statements act as warning indicators for gaps between system-generated data and statements from banks and advisors.

The software monitors returns and generates investment analytics that reveal financial gaps, such as matured investments that have not been reinvested and are showing lower returns. It also displays tax management opportunities such as lot level unrealized short-term equity losses that can be sold to offset realized gains.

An integrated financial software platform is the best tool you can use to keep fully informed, with:

  • Anytime/anywhere access
  • Consolidated, real-time view of your assets
  • Reminders and alerts
  • Ability to track balances and liquidity
  • Insightful reports and analytics

Use technology to digitize your portfolio, stay in control and make smarter financial decisions.