Whether you need to account for multiple entities, produce aggregated and consolidated reports, or write checks from multiple accounts, you can simplify your Family Office functions with Navigator. Our integrated general ledger and portfolio accounting software handles the complex accounting and reporting needs of Single Family Offices, Multi-Family Offices, and High-Net-Worth individuals.
Track Various Types of Entities
Navigator handles the accounting for all types of legal entities that you face when working for a Family Office. These entities include partnerships, Subchapter S corporations, LLCs, trusts, estates, foundations, and individuals. Navigator's flexible chart of accounts can structure the asset, income, expense, liability and equity accounts for all of your different entities.
Account for Investment Entities
As a Family Office, you provide partnership accounting, trust management, foundation management, and personal property management. With Navigator you can easily account for these complex entities and manage their activities. Whether it's tracking the tax basis, capital gains, investment income, or cash distributions, you can confidently rely on Navigator's capabilities as a investment accounting software application.
Aggregate Data from Multiple Managers
Data aggregation is a key task for any investment manager of a Multi-Client Family Office. It's an arduous task to manage and consolidate investment transaction data from many custodians, such as brokerage firms, trusts, and banking institutions. There may be several multi-generational families compounding the difficulty. Top it all off with updating their portfolios with fair market values for thousands of stock and bond positions, and your task just became overwhelming... unless you have an accounting software system up to the challenge.
With Navigator and the BrokerLink, BankLink, and PriceLink modules you'll have a complete system to handle these challenges. You can download investment transactions and update all of your client's portfolios — including hard-to-price securities like options, warrants and bonds — and produce consolidated personal financial statements with ease.
Calculate Investment Performance
Calculating ROI and tracking investment performance is a serious duty for the Family Office professional. As investors strive to be smarter, they want their financial professionals to answer key questions such as:
- How are my investments doing?
- What types of risk am I exposed to?
- How are my managers performing?
- Is my portfolio beating the established benchmark?
Prepare Financial Statements
| Navigator produces over 120 reports, including financial statements, tax schedules and portfolio holdings. You can generate consolidated balance sheets, income statements and investment reports that span multiple years, entities or generations with the Advanced Reports module. |  |
Make Cash Disbursements
Family members rely on their office managers to make frequent distributions including bill payments. CheckForm makes complex check-runs simple. CheckForm prints entire check-runs from multiple bank accounts on blank checkstock — fully customized, professionally formatted and MICR-encoded — avoiding the need for multiple pre-printed check forms.
Determine Net Worth Across Entities
To serve your clients, your Family Office must be able to assess net worth across multiple entities quickly and routinely, for both business entities and individuals. Whether your clients are a set of parents and their children, or a multi-generational family with interests across multiple investment vehicles, Navigator will aggregate and consolidate reports from these investments into financial statements that accurately reflect your client's net worth.
Provide Information to Family Advisors
A growing trend among Multi-Client Family Offices is providing visibility across entities to family advisors, such as CPAs, attorneys, investment managers, and at times other family members. With Navigator you can give certain users "permission" to access data and even manage transactions. With a remote access enabled platform, you, your client, or even an advisor can view, download, or print reports with ease.
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