Portfolio Accounting

Regardless of a client’s size or complexity, FIXQ / ReconAdvantage’s ultra-flexible Investment Book of Record (IBOR) module provides the tools to track and maintain your cost basis and ultimately make better-informed investment decisions and more effectively manage risk.

Multi-Asset

All major asset classes are supported, including Fixed Income, Equities, Derivatives, FX, Swaps and more

Daily Reconciliation

Each day, every portfolio is checked for accuracy by transactions, positions and valuations

Real-Time Asset Valuation

Receive up to-the-minute valuations of all assets in your portfolio, as well as intra-day trading updates via FIX protocol

GIPS-Compliant Composites

Our Global Investment Performance Standards (GIPS)-compliant tools allow users to create and maintain and audit composites; we also measure dispersion including standard deviation of portfolio returns, as well as cumulative returns for the composite and corresponding indices

Tax Lot, Accrual-Based Accounting

Access supplemental data feeds to track dividend accruals, plus accrued income for fixed income instruments

Multiple Closing Methods

Choose from FIFO, LIFO, High Cost, Low Cost, Minimize Capital Gains and Specific Lot closing methods

Supplemental Market Data Feeds

Use supplementary data for benchmarks, pricing, dividend accruals and corporate actions

Reporting & Performance Analytics

ReconAdvantage provides an extensive collection of highly customizable, automated reports that deliver consistent, reliable information to all interested parties. Users can easily generate sharp-looking, concise views of financial analysis ranging from management-level cross references to performance attribution and portfolio valuation. Data can also be exported to Excel/PDF/Text, or configured as a Start of Day upload to your trading platform.

Performance

  • Realized Gains & Losses
  • Wash Sales
  • Performance Summary
  • Performance Attribution

Management

  • Recurring Accounting Journal Entries, Financing & Stock Loan/Borrow
  • Security Cross Reference
  • Assets Under Management
  • Commissions

Risk

  • Portfolio Beta
  • Portfolio VaR
  • VaR using Historical Simulation
  • Monte Carlo

Appraisal

  • By Asset Class
  • By Security Type
  • By Custom Sector/Industry
  • By Currency/Country
  • Unrealized Gains & Losses

Transaction

  • Transaction Details
  • Commission Summary
  • Cash Ledger
  • Purchase/Sale
  • Dividend/Income
  • Contribution/Withdrawal

Reconciliation

  • Positions
  • Market Value
  • Cost Basis
  • Dividend and Interest Accruals

Risk Management

ReconAdvantage’s Risk Management Module provides risk information across a broad range of instruments and asset classes, using multiple Value at Risk (VaR) simulation methodologies, robust stress testing, sensitivity analysis and flexible instrument pricing models.

Robust

Measure correlations across asset classes, strategies or custom classifications to analyze a portfolio’s risk, volatility and risk-adjusted return based on historical performance with ex-post risk statistics

Analytics

ReconAdvantage’s Risk Management module provides extensive Option Analytics capabilities, including all Greeks, as well as multi-model VaR, Expected Tail Loss, Correlation & Co-variance matrices and more

Stress Testing Capabilities

Design custom strategies of your own or tap a library of historical events or hypothetical scenarios driven by regression analysis

Integrated Market Data

Access a global security master covering over 5 million unique securities and historical market data across asset-classes, from simple equities to complex bespoke synthetic CDO structures

Shareholder Accounting

ReconAdvantage’s Shareholder Accounting module is comprehensive, fully-integrated tax technical model that covers all of the special allocation areas that typically cause problems for investment partnerships.

Fees

  • Incentive Fees
  • Management Fees
  • High-Water Marks
  • Clawbacks

Allocations

  • Book basis and tax differences to withdrawing partners
  • Manage distribution waterfalls, hurdles, share equalization, feeders, commitments and withdrawals

Aggregation

  • Calculate partial and full netting aggregation methods

Tracking Tools

  • Maintain underlying assets’ 704(b) book and tax basis and 704(c) differences
  • Track partners’ GAAP, 704(b) and tax capital accounts
  • Side-pockets
  • Layering

Reporting Tools

  • Easily export data into customizable reporting formats or generate forms such as K-1s
  • Generate the information needed to produce K-1s, or Partnership Letters on a daily, monthly or quarterly basis

Outsourced Reconciliation

Each day, on behalf of clients with complex multi-prime, multi-custodial relationship structures, our experienced back-office operations staff compiles and reconciles their trading data, saving clients countless hours of non-alpha generating work.

Online Portal

Access your reconciliation information through our intuitive, easy-to-use online interface

Integrated

Our solutions are fully integrated with most major investment technology solutions, allowing for seamless, automated data uploads to a wide variety of trading, risk and compliance systems

Data Management

PortfolioShop manages all data retention and management needs in our SSAE 16/SOC1 and HIPA-HITECH Compliant Data Center

Veteran Operations Professionals

Our seasoned staff understands the trading back office space inside and out, providing peace of mind that your books and records are being handled correctly

SaaS-Based

PortfolioShop operates via a Software-as-a-Service model (SaaS), eliminating the need for costly outlays for software, hardware or technical infrastructure

Customizable

The flexible ReconAdvantage is able to meet an extremely broad range of client needs, such as the ability to automate customizable reporting package delivery via email/ftp

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