At Pinnacle, we offer solutions for the complex reporting needs of family offices.  Whether it’s a single family office, or multi-family office, we have solutions that help increase accuracy and transparency through high-quality and custom reports. 

We provide fully outsourced accounting, financial reporting and investment performance reporting services that cover multi-pooled vehicles, independent trading accounts and separately managed accounts. Providing consolidated reporting and attribution analysis shows how each of your individual investments and sub-advisors have performed historically, while allocating income between family members within pooled vehicles. 

Family Office Services

Accounting and investor allocations 

  • Fully outsourced investment and financial accounting for all pooled vehicles, other investment vehicles and trading accounts.
  • Tracking of book and tax level income.
  • Production of GAAP financial statements and provide audit support.
  • Calculation of management and incentive fees/allocations where appropriate.
  • Allocation of income book and tax to individual beneficiaries supporting multiple methodologies.
  • Shadow accounting services.
  • Full secure online portal access. 

Middle Office services 

  • Daily trade processing and reconciliations 
  • Daily pricing, corporate action and income analysis using independent price feeds 
  • GIPS compliant and IRR performance reporting at the portfolio level 
  • Comprehensive portfolio level reporting showing currency, industry and other risk exposures

Treasury services

  • Dual authority over bank accounts (one Pinnacle, one Client) including administration of bank portals 
  • Manage, allocate and process capital calls and other capital requirements from underlying investments 
  • Administering and processing of payment of expenses, distributions and redemptions 

Stakeholder Reporting 

  • Transparent and customizable reporting for all different groups of stakeholders 
  • Individualized or consolidated beneficiary statements 

Switching to Pinnacle

Switching to Pinnacle is a straightforward process.  With our 4-step process, we take care of all data conversions and uploading into our systems.

Step 1 – Initial Assessments

  • Interviewing all stakeholders (operations, tax, portfolio management and family members) to identify existing issues and pain points.
  • Reviewing existing reporting solutions.
  • Establishing needs and additional features.
  • Understanding current structure of sub-advisors and custodians, datapoint locations, and ownership and reporting hierarchy.

Step 2 – Analysis and Proposal

  • Our dedicated technology and onboarding teams take deep dive into datapoints.
  • Working hand in hand with all stakeholders, we establish a comprehensive onboarding plan including dates of deliverables and ‘go live’ timing.
  • Providing a detailed proposal including scope of work, cost savings with Pinnacle’s solution and key delivery dates and timelines.

Step 3 – Onboarding and data entry

  • Assigning a specific team responsible for the day-to-day requirements.
  • Working together with the onboarding and technology teams to establish datasource connections.
  • Backfilling data to ensure correct historic tax lots and performance reporting.
  • Reconciling with custodians to ensure completeness.
  • Testing data feeds and bringing data up-to-date in anticipation of “go-live” date.
  • Customizing reporting and reconciling with existing systems.
  • Evaluation post-implementation.

Step 4 – Go Live

  • Day-to-day operational team providing all deliverables.
  • Regular check-ins with stakeholders to ensure all needs are met.
  • Connecting with 3rd parties for transmission of data.
  • Preparation of year-end financial statement and tax information.

 

View Our Family Office Technology Offering Video Below

Pinnacle’s unique advantages and experience make us a unique proposition for a family office wanting to take their reporting to a new level.

Utilizing our technology, and working with our highly experienced accounting teams, ensures accurate and efficient reporting to family members and key stakeholders.   

Please contact us to see how Pinnacle can streamline your family office reporting solutions.