Turn-key Approach to Data Management
Practice operations are typically the biggest source of inefficiency in an advisory practice. In a recent study, Moss Adams discovered that overhead costs, as a percentage of total revenues, increases as the size of an advisory practice grows. The result-the harder you work as your business grows the more likely you are to lose money. By utilizing the right outsource partner, you can better focus on your business instead of spending unnecessary staff resources on data management.
Our turn-key back office services may offer you the best solution for relief from the frustration and time requirements of back office processing. PowerOffice provides you with flexible alternatives that enable you to remain responsive to your client's needs and proactive in building your practice.
Back Office Solutions
Our service team will expertly handle every aspect of your data management needs, front to back. Accounting reconciliations are done accurately and consistently by our experienced investment accounting professionals who are committed to providing you with excellent, personalized service.
We offer a full range of data management services for PowerAdvisor and other PMS applications. Our solutions offer you flexibility with options to best fit with your needs and budget, including:
- Data downloading from major custodians
- Data scrubbing, activity posting and account reconciliation
- Corporate action processing
- Report production with output options in electronic format (PDF), hard copy or online delivery
- Fee invoice generation
- Cost basis and lot adjustments
Benefits of Service
- Reduce or eliminate frustrations resulting from period end processing and report generation
- Deliver presentation quality reports with ease
- Attract new clients with distinctive reports that displays your branding and style
- Retain current clients with sophisticated, flexible reporting expected from a premier advisory firm
- Boost firm productivity and realign staff resources for client care and other activities
- Decrease in-house overhead costs and increase profitability. Save as much as 50% by reducing or eliminating ongoing training issues, re-training time from staff turnover and the labor expense associated with salaries, payroll taxes and benefits
Back Office Solutions offer several levels of service to best match your database and budget requirements. We support PowerAdvisor and other PMS platforms such as PortfolioCenter, Centerpiece and Axys.
Please contact our sales team to inquire about our service offerings by calling 503-968-7202 from 8:00 a.m. to 5:00 p.m. Pacific Standard Time or by emailing sales@PowerInvestmentTools.com.
