Services Details
Traditional Fund Administration (TFA): TFA is an ideal alternative for start-up funds seeking to keep costs in check while building a performance record. Our comprehensive TFA services include:-Account reconciliation for each fund bank account
-Creating/posting prime broker data to general ledger
-Full GAAP accruals for fund income and expenses
-Calculating performance and management fees
-Preparing NAV and fund reporting
-Distributing investor statements via our secure web portal with 24x7 access
-Assisting with year-end auditor requests
-Perform both U.S. and offshore anti-money laundering / know-your-client -procedures
-Year-end reconciliation of custodian (SD) and accounting (TD) holdings
Monthly Accounting and Reconciliation Clients can add Monthly services as operations become more complex or as strategies evolve. Our Monthly services include all TFA services, plus:
-Detailed holdings reports including cost and fair value
-Inventory relief and maintenance of tax lots
-TD reconciliation of positions and cash
-Break resolution services
-Aggregate or segregate by manager/prime broker reporting
Daily Accounting and Reconciliation Daily services are ideal for seasoned or more complex funds that require more frequent performance reporting. This service includes all Monthly services, plus daily:
-Securities level holdings and P&L
-Reconciliation of all positions and cash accounts
-Position valuation and corporate actions
-Portfolio-level P&L
Maintenance All three levels of our administration services include:
-Processing subscriptions, redemptions and transfers
-Maintaining share registers and ledgers
-Managing all paperwork
Additional Services HLW Fund Services also offers optional services, including:
-Preparing/co-signing Letters of Authorization and Initiation of Funds Transfers for investor disbursements
-Coordinating third-party valuations of portfolio positions
-Full tax services through Harb, Levy & Weiland LLP
