Family Offices

We realize the complication in managing a multi-family back office. Formidium’s edge is Seamless MFO, our proprietary state-of-the-art cloud-based fund administration software, which simplifies your back office. With competency across all asset classes, including digital assets, allow Formidium to let you to focus on what matters most - your clients. Use CommonSubDoc, our cutting-edge, web-based e-signature onboarding platform, to manage your relationships and capital activity. Why Formidium? Because cutting-edge technology and high-touch client service is the core of everything we do.

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Solutions for Family Offices

Overview

Seamless was built by industry veterans to work with multiple asset classes. Seamless automates many parts of the fund accounting process, providing cost savings and allowing family offices to analyze their portfolios and easily view investor balances, P&L and exposure reports via the web. Seamless also comes with a built-in portal that investors can use to view their balances, tear sheets and other correspondence.

Seamless software, combined with our experienced global staff enables us to provide you with the peace of mind your back office needs so you may focus on your clients' success.

Features

Onboarding

Easy Onboarding

Industry leading on-boarding turnaround time

Onboarding

Web Delivery

Access to cutting-edge investor & document management portal

Reporting

Reporting

Complete general-ledger accounting report simplifies year-end audits

Transfer Agent

Investor Tracking

Track capital commitments, capital calls, distributions & cap table management

Transfer Agent

Tax Support

Full range of institutional tax services inclusive of crypto currency

 AML/KYC

Rate of Return

Calculation of rates of return within GIPS standards

Reporting

Exceptional Service

Exceptional service from experienced and knowledgeable staff

Marketoffund

Competitive Pricing

Straightforward, competitive pricing

Services

Fund Accounting
  • Daily portfolio and fund accounting
  • Preparation of year-end and semi-annual financials in accordance with US GAAP or IFRS
  • Daily maintenance of cash and general ledger
  • Communicating and liaising with auditors
Investor Services
  • Subscription, redemption, and transfer transaction processing
  • Maintenance of investor documents (available for audit)
  • Investor statement preparation and distribution
  • Respond to data and information requests from local regulators, directors, and/or corporate secretaries
  • Daily maintenance of cash and general ledger
Tax Services
  • Maintaining tax allocation schedules by investor
  • Preparation and support of fund, investor and management company tax returns including Forms 1099 and 1065, investor K-1's, PFIC statements, foreign bank and financial accounts reporting
  • State and federal tax filings
  • Customized wash sales, straddles, and other portfolio tax reports
Dynamic Technology
  • In-house development team creates user-friendly white-label web portals for clients and investors
  • Multiple AWS disaster recovery sites
Accounting and Performance Reporting
  • Daily customizable reporting for all clients
  • Daily trade break reports
  • Available risk and regulatory reporting
  • Trade and position reconciliation to your records and your broker + custodian records
  • Import of data from held away accounts
  • Individual portfolio and position tracking with benchmark comparisons
  • Investor statistics, interactive reports and other valuation metrics
Fee Calculations
  • Management and performance fee calculations
  • Support for daily, monthly, quarterly or annual flat or tiered rate calculations at account or investment level
  • Fee invoicing
  • Operating expense budgeting and accruals
Access to Alternative Investments
  • Access to 700+ hedge funds, PE funds and more
Product screenshot

SOC 1, SOC 2 & SOC 3 Certified

Our fund services operations are SOC 1 Certified. Seamless Suite and CommonSubDoc are SOC 2 & SOC 3 Certified. Our SOC 2 audit covers cybersecurity testing, DR site testing, data backups, and other similarly important aspects of our tech infrastructure.