Operations

Daily Reconciliation & Processing

  • Standard Client Procedure
    • Download & Translate Data
    • Setup Accounts & Securities
    • Correct & Post Activity
    • Reconcile Accounts
  • Corporate Action Entry – Reactively post and reconcile splits, spinoffs, mergers, etc.
  • Data Updates
    • Prices, Securities, Indexes, etc.
    • Income Accruals (dividends, interest, paydowns)
  • Trade Settlement – Process Confirms & Affirms and track & communicate discrepancies.
  • Market Value Reconciliation – Review and address pricing differences between your various sources.
  • Cost Basis Reconciliation
    • Dividend Reclassification
    • Step-ups
    • Wash Sales
  • Paper Statement Reconciliation – Effectively track, download, enter data points, and reconcile all paper statements.
  • Automation – Streamline processes using macros, scripts, programs, etc. to guarantee accuracy and timeliness.

Performance & Composite Maintenance

  • Data Validation – Ensure system data is accurate using CSSI’s proprietary reports and tools.
  • Performance
    • Update performance as defined by your firm’s stand operating procedures.
    • Research and troubleshoot performance outliers and communicate necessary fixes.
  • Composites – Maintain membership based upon firm’s policies and procedures.
  • GIPS – Assist firm with compliance standards by working with client or verifier directly to make certain all deliverables are met in timely manner.

Client & Reporting Services

  • New Account Setup
    • Process Paperwork
    • Setup Account in Portfolio Management System
      • Client Information
      • Transfer of Money
      • Deliver-in Assets
    • Update Entities; Groups, Composites, etc.
  • Data Audit – Act as independent party to review data to confirm no irregularities and address issues.
  • Month-end Reporting
    • Automate Reporting
    • Run, review, troubleshoot & save internal or client reports.
  • Client Invoicing – Run parts or the complete invoicing process per your firm’s defined procedures.

Partnership Accounting

  • Monthly reconciliation of Axys / APX system to Advent Partner system as well as custodial statements.
  • Monthly maintenance of fund accounting within Advent Partner.
  • Client Services Assistance
    • Wire Letter Preparation
    • Preparation & distribution of monthly statements of capital from Advent Partner.
    • Monthly maintenance of fund data in Quickbooks
  • Annual Services
    • Bringing in Advent Partner fund information onto Advent Partner Tax Forms platform
    • Preparation of K-1’s using Advent Partner Tax Forms
    • Assisting with annual audits