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- Wealth Management Platform
- Who it's for
- Family offices
Family offices
A family office manages money for one family across several households, trusts and companies. Instructions range from paying a property invoice to subscribing to a private fund. The office holds accounts with more than one custodian and needs each household's portfolio reconciled and approved.
How Wealth Management Platform is set up for you
Households and entities
Record each household on its portfolio snapshots and agree which custodian accounts belong to it.
Private fund subscriptions
Raise subscriptions and redemptions as instructions to the fund administrator, confirmed from the administrator's evidence.
Several custodians
Load position snapshots from each custodian with its own snapshot ID.
Separation of duties
The person who raises a payment does not approve it, even in a small office.
A family office manages money for one family across several households, trusts and companies. Instructions range from paying a property invoice to subscribing to a private fund. The office holds accounts with more than one custodian and needs each household's portfolio reconciled and approved.
Start with one household and its main custodian. Load the accounts, instruments and counterparties, route payments and subscriptions through review, and approve the first month-end snapshot. Add other households and custodians once the first reconciliation closes cleanly.
[Plan the rollout](/wealth-management-platform/implementation), [review the modules](/wealth-management-platform#modules), and [compare the source data](/wealth-management-platform/data-model).
Features to start with
Portfolio Reconciliation
Load custodian positions as of a date and approve household portfolio snapshots against the custodian.
Client Instructions
Raise each client instruction with its amount, instrument and counterparty, and follow it to confirmation.
Independent Review
Record an independent decision to approve, reject or return the exact version of each instruction.
Roles on the team
- Wealth Advisor
- Raises client instructions and trading orders, keeps the client mandate on file and owns each instruction to confirmation.
- Compliance Reviewer
- Independently reviews each submitted instruction version and records the decision to approve, reject or return it.
- Operations Analyst
- Submits authorized instructions to the provider, verifies execution evidence, approves portfolio reconciliations and resolves operation exceptions.
- Portfolio Accountant
- Loads custodian position snapshots and prepares household portfolio snapshots for reconciliation.
- Admin
- Maintains organizations, counterparties, instruments, trading accounts, team members and access without taking client decisions.
Set up Wealth Management Platform your way.
Start free, then use Proto to change fields, steps and approvals before your team goes live.