Complex reporting

Shared and Complex Ownership
WealthSite allows for shared ownership of Entities and Accounts. For example, a Family Limited Partnership may be set up as an Entity or Account and other Entities may own a changing percentage of the FLP from month-to-month or year-to-year.   Entity group or partnership ownership of another entity is also supported for complex family structures.  WealthSite’s performance reporting handles ownership changes and accurately applies the daily profit and capital base to all owners.

Private Investments
WealthSite supports private investment accounting and reporting for each Advisor firm; capital commitments, capital calls, catch-up fees, distributions, recallable distributions, and return of capital transactions.  In-between "official" valuations, WealthSite intelligently auto-adjusts daily valuations based on activity [e.g. if fund’s last official valuation was $100K and a capital call transaction is entered for $10K, reports will automatically bump the reporting valuation to $110K until the next official valuation is provided].  Advisors also have the ability to update valuations or enter bulk transactions for all holders of a fund by providing an estimated performance percent or percent of commitment. The valuations and transactions can be edited one-off as needed or reversed and bulk updated again when an official percent is known. Private equity reporting includes TVPI, DPI, remaining commitment, true IRR, and other industry standard measures.

Private Equity Cash Flow Projections
Advisors with significant commitments to private equity funds require analysis of possible call schedules and distributions to manage future cash flow requirements effectively. WealthSite provides Advisors with the ability to create projected cash flow schedules based upon the type of fund or fund-specific projection tables.

Financial Ratios
Sharpe Ratio, Sortino Ratio, Alpha, Beta, Pearson correlation, standard deviation, % positive/negative months, max drawdown, TVPI, gross exposure, duration, convexity, and others.  WealthSite has the flexibility to add new calculations to its library and make these available to all Advisors.

Accrual of Cash and Variable Rate Bond Funds
WealthSite automatically calculates accrued interest for cash and variable rate funds based on the most recent interest payment, time since previous payment, and average daily quantity held. This method creates an extremely accurate performance on a smooth line as opposed to extreme spikes if holdings are not accrued. The system also accommodates daily variable rates, if available, to do precise calculations of daily earned interest.

Hybrid Asset Allocation & Benchmarking
Asset allocation combines top-down and bottom-up approaches. Most accounts are assigned to a manager and are classified top-down based on the allocation of the manager. Other accounts, typically consisting of multiple mutual funds and ETF’s, are classified bottom-up security by security. Classification for all instruments can be split into multiple categories.  Benchmarks can be assigned at various levels, including manager, individual securities and any asset class level.

Rebalancing Tools & Reports
Advisors have the ability to set up an unlimited number of model portfolios and to model actual portfolios against a particular model portfolio or a blend of model portfolios. Views include side-by-side detail of current Managers/Holdings versus proposed allocations and a compliance super view that shows a line item for each Entity with the percentage differences across all allocation categories.

QA Reports
QA reports allow Advisors to check for data integrity and validate performance numbers in advance of presenting reports to Partners and End Clients.  Examples include extreme TWR with user-defined tolerance, long-in/long-out mismatches, missing/mismatched accrued interest, reorgs not summing to $0 net flow, TWR proof, IRR proof, missing classifications, and more.  Of particular value is a collection of missing / suspicious cost basis reports which identify scenarios where the original cost and original cost date are outside a tolerance of the closing price for a given security. These will also identify probable transfer issues where the cost and cost dates of tax lots going out of an account do not perfectly match the tax lots of the destination account.