PLATFORM DETAILS
Portfolio Accounting
Portfolio Accounting
The Perfect Blend of Accounting Data Integrity and Reporting Flexibility, Leveraging Intelligent Automation to Deliver the Lowest Total Cost With the Highest Level of Data Quality Industry Wide
Our award-winning, unique portfolio accounting platform is the only software solution that offers the advantage of having the data integrity of a general ledger accounting system with the flexibility and control of a reporting system so you can structure, group, classify, and format your data any way you want for better and faster analysis and reporting for improved decision making regardless of instrument type, global jurisdiction or complex ownership structure.
Portfolio Accounting Highlights
One and Done | Our logic-based transaction codes drive hyper efficiency and operating scale for private investments.
Private Wealth Systems’ proprietary logic-based transaction codes, built on the foundation of machine learning, allow you to easily adjust cost, cash, market value, and recalculate performance for private investments with a single transaction code, driving meaningful operating scale.
Our partnership accounting automatically adjusts partner level ownership based on flows.
Private Wealth Systems automatically adjusts cost, market value, and ownership percentages based on contributions and distributions from the partnership or nested ownership structure. You can analyze and report at the partnership, partner or holding level.
View wash sales across managers, entities, and accounts, eliminating the risk of substantial IRS penalties.
Private Wealth Systems captures every transaction for every security allowing you to see tax-lot level realized and unrealized gains and losses across all of your accounts, entities, and managers to see any potential wash sale violations before they happen. We also support dual listed securities for transparency across global stock exchanges.
Global Scale – lowest cost in the industry “one and done” accuracy at scale.
Unlike other systems that rely on single custodian application of corporate action events, Private Wealth Systems applies corporate action adjustments globally on their effective date. For example if you own 1,000 shares of U.S. based IBM across 4 custodians and IBM spins off NewCo in the U.K. effective today Private Wealth Systems will adjust your cost, quantity, and market value for IBM, NewCo, U.S. Dollars, and Pound Sterling today across all custodians so you have immediate understanding of your exposure, performance and investment gains across all custodians, countries, and currencies.
As a true multi currency platform we support multiple base currencies for the same portfolio.
Private Wealth Systems supports multiple base currencies and normalize all cost, value, flows, and performance across reporting currencies. As a global investment accounting system that supports every component of every transaction in every asset class and currency we capture the exchange rates for trade/local, settlement, and base currencies for each transaction supporting all 16 decimal points to avoid generating rounding errors.
We support tax lot relief methods at the account and transaction level to provide accurate realized gain / loss analysis.
Private Wealth Systems supports multiple tax lot relief methods including; FIFO, LIFO, High Cost, Average Cost, Pro Rata, Specific Lot, and other methods. Our system supports the tax lot relief method for the account as well as for each individual transaction to ensure the most accurate realized gain / loss reporting.
