PortfolioShop’s Partnership Accounting Module is powered by a comprehensive, fully-integrated tax technical model that covers all of the special allocation areas that typically cause problems for investment partnerships.
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
Partnership Accounting
Aggregation & Tax Layering
Implement Aggregation, the most fair and accurate method of apportioning gains and losses in a partnership, with a fraction of the usual time and effort. Tax Layering is also available.
No More Spreadsheets
Say goodbye to the time-consuming, error-prone process of using spreadsheets to manually roll periods
Fund Administration
Focus on the high-level aspects of administering your partnership with a robust interface for managing capital contributions, creating unlimited side pockets, and maintaining high-water marks, clawbacks, and hurdles, as well as management and incentive fees.
Tax Reporting & NAV Statements
Schedule the distribution of K-1s, Partnership Letters and other reports so partners stay up to date automatically. You can also easily export data to customize your own reports and client statements.
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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