Seamless FoF

Seamless FoF is our proprietary fund administration software for fund of funds built on the cloud and created to address market inefficiencies. Seamless FOF provides a fully auditable general ledger and robust investor recordkeeping and reporting capabilities.

Features

  • Exceptional service from experienced and knowledgeable staff
  • Straightforward and highly competitive pricing
  • Calculation of rate of return and internal rate of return
  • Quick onboarding and conversions from existing administrators
  • White-labeled investor portal

Fund Services

Fund Administration

  • Daily reconciliation of trades, positions, and cash balances
  • Daily, weekly, or monthly portfolio and fund accounting
  • Maintenance of underlying fund documentation
  • Tracking and ensuring of timely receipt of underlying fund valuations
  • Robust NAV reporting package
  • Full transaction ledger of trading and non-trading activity
  • Management and performance fee calculations
  • Daily upkeep of cash and general ledger
  • Investor statement preparation and distribution
  • User-friendly investor web portal
  • Easy historical accounting uploads

Investor Services

  • Subscription, redemption and transfer transactions
  • Run applicable AML controls, checks - according to fund domicile
  • Maintenance of investor documents (available for audit)
  • Answer to investor queries and information requests
  • Respond to data and information requests from local regulators, directors, and/or corporate secretaries

Year-End Taxes

  • Preparation of federal or state tax returns
  • Generation of Schedule K-1s and/or PFIC reporting for investors
  • Generating 1099s, 1042s etc. and E-filing of respective returns
  • Distribution of K-1s and any other tax reporting to investors

Financial Statements Preparation

  • Preparation of year-end and semi-annual financials in accordance with US GAAP or IFRS
  • Communicating and liaising with auditors
  • Respond to audit queries and adjust financials as needed

Compliance and Reporting

  • Adherence to Foreign Account Tax Compliance Act (FATCA)
  • Common Reporting Standard (CRS) compliance
  • SEC Form PF preparation
  • Form 13F filing