Service Bureau Advantage

As demands on your business grow, there is pressure to employ best practices for operational processes and to ensure that your technology infrastructure provides sufficient redundancy.

Service bureaus provide the opportunity to outsource back-office functions and access hosted technology. We offer you a choice of outsourcing solutions. You maintain ownership of your data with our service bureau partners.

  • By outsourcing the data downloads, account reconciliation, client reporting and technology infrastructure, you can focus on servicing your clients.
  • By accessing hosted technology, you can rely on your service provider to protect and back-up your critical client portfolio data.
  • By taking advantage of external resources, you can ensure efficient operations and rely on a third party's best practices to provide consistency across accounts.

Service bureau providers offer a variety of services from business consulting and technology recommendations, to client reporting.

Our Service Bureau Partners

These third-party experts can manage the technology infrastructure and key data-management functions for your office. We can help you navigate which solution might be the best fit for your firm. Rest assured that you still own your data with each of these partner solutions.

Adhesion Wealth Advisor Solutions delivers client reporting, back office and unified managed account (UMA) solutions that RIAs need for growing successful practices.

With Unified Household Reporting, your clients receive distinctive, consultant style reports, optimized for managed accounts. Unified household reporting can roll together a client's full set of assets: UMAs, other managed or advised accounts, partnership interests and other assets, as well as accounts advised away. Adhesion offers a fully outsourced, managed service forclient reporting which includes the needed back office administration such as multi-custodian data consolidation and reconciliation, PortfolioCenter® administration, performance measurement, and billing, without the requirement for you to administer technology or hire operations staff. Distinguishing features of include: 'Always Available' reporting on current data; daily, time-weighted performance calculations; and flexible benchmarking methods (blended, fixed, policy or custom) with a vast library of available indices.

With the Unified Managed Account (UMA) Platform, you have the flexibility to construct custom composite allocations from an open-architecture library of investment strategies from nationally-acclaimed and boutique money managers, and your own proprietary models. Integrated into the UMA offering, Adhesion delivers overlay portfolio management, active tax management, accommodation of client-specific customizations and compliance mandates, continuous account monitoring, trading, account reconciliation, billing, performance reporting, manager due diligence and client proposals.

For more information:

AllBackoffice Consulting delivers a custom-designed outsource service experience tailored to fit your needs.

AllBackoffice Consulting (ABC) collaborates with you to create a technology and service offering designed to maximize the PortfolioCenter capabilities for your practice. ABC offers flexible PortfolioCenter® management services, including fully-hosted data, daily reconciliation, billing, account aggregation, data integration and performance reporting. Additionally, for each practice, ABC shares a living, comprehensive back-office technology assessment and quarterly project/implementation plan. Your custom plan is designed to save you time, upgrade technology, improve on the service you deliver to your clients and support you through your ongoing technological evolution of back-office applications and web solutions.

ABC's fees are flexible to facilitate a trusted consultant partnership with your practice.

For more information:

Back Office Connection (BOC) is a full-service outsourcing firm that can completely customize and tailor its services to fit your firm. Although they are designed to integrate operations, IT and compliance to optimize efficiency and best practices, you can choose to outsource what you need today and expand over time.

Their Operational Services can include download, reconciliation, reporting, billing, new account set-up, cost basis reconciliation and more. Their IT Services include fully-hosted data and applications, enabling you to operate with only a computer and internet connection.

Their Compliance Services are administrative in nature and enable your Chief Compliance Officer to function at a supervisory level, with BOC providing the skilled assistance they need to maintain your firm’s compliance program. Their Consulting Services and resources are extensive and versatile. They can help you implement technology solutions in Client Relationship Management (CRM), trade implementation, report automation, as well as other special projects.

BOC is a problem solving firm with specific expertise in systems integration, process standardization and creating comprehensive solutions for advisors.

For more information:

Back Office Support Service (BOSS) specializes in providing quality data management and reporting for advisors who want to outsource the daily portfolio management operations for their firm.

With experience in full time outsourcing since 1996, BOSS has worked with many portfolio management systems (PMS) and client relationship management (CRM) systems and gives you the benefit of expertise with multiple platforms and a wide variety of advisory firm profiles. BOSS' Service Bureau saves advisors time and money by delivering comprehensive data management, accurate account values and client reporting, all in a secure hosted environment. The service includes fully functional web hosted PMS, secure 24 / 7 access, daily account reconciliation, manual entry where needed, fee billing, ROR calculation and reporting, on-demand reports, quarterly statements and much more. BOSS will take care of the data … so you can take care of the clients!

For more information:

Outsource This, Inc. specializes in providing portfolio data management solutions to independent financial advisors leveraging applications such as PortfolioCenter.

Outsource This provides daily downloading, posting and reconciliation of transaction, price and position data through a secure remote software connection, allowing all data to remain on your network at all times. Ancillary services include the processing of client reporting and billing, manual tracking of investments, cost basis input and development of custom reports. Outsource This provides a cost-effective solution to the ever-increasing costs of hiring and maintaining support staff to handle the day to day back office operations associated with managing client portfolio data.

For more information:

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