True consolidated performance reporting is no longer just an optional service provided by advisors, but rather a requirement by family offices and affluent individuals. With the growing demand for objectivity and transparency from their advisors, clients demand a better performance reporting system that can not only assist in properly evaluating their asset allocation and their advisors (performance, risk, etc.), but can also assist in making more informed wealth management decisions (e.g., asset location, asset protection, generational transfers, philanthropic goals, tax planning, etc.).
Therefore, a robust consolidated performance reporting system is essential for the proper implementation of a truly integrated wealth management delivery model.
Edge partners with external third party reporting parties to provide consolidated performance reporting and accounting aggregation. Using their technologies, Edge is able to collect data for all asset classes including traditional marketable securities, hedge funds, and other alternative investments and provide consolidated asset reports to our clients.
Performance reports are able to be produced on a monthly, quarterly, and annual basis depending on the specific requirements of each client.
Edge takes pride in the ability to customize client reports to include specific performance metrics, time horizons, and benchmarks. In addition, subject to client written consent, we can provide tax information on a quarterly basis to client’s tax advisors.
Our reporting platform supports our open architecture beliefs. These systems are tailored for very sophisticated investors and we strongly believe that our Firm’s consolidation capabilities should assist in the reduction of the amount of reconciliation performed by our clients and their accountants thereby reducing their administrative burdens and overall costs.