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PFI Advisors (“Promoting Financial Independence”) released today a new industry white paper on the complexities of reporting on alternative investments. This is the eleventh report in PFI’s continuing educational series.

The white paper examines the increasing demand for RIAs to invest in alternatives, details the benefits of doing so, and explores the added complexities that come with reporting on those assets.  With this paper, PFI Advisors hopes to shed light on the importance of this asset class and highlight how other RIAs have solved for these complexities, ultimately answering why they believe the added operational burden is worth the hassle.  Interviews with 6 Meridian, Align Impact, Bel Air Investment Advisors, and IEQ Capital provide the RIA perspective on these complexities.

This latest report also highlights industry leading solutions that specialize in helping RIAs with the operational challenges of reporting on alternatives:

  • Arch – Offers clients a singular portal view where data is safely encrypted and can be managed.  Their aim is to save RIAs time, eliminate cost, and enhance their ability to understand their data.
  • Canoe – Offers a simple way for firms to modernize their legacy processes and free up time and resources to focus on higher-level tasks.  With Canoe Connect and Canoe Intelligence RIAs can manage their end-to-end alternatives data management workflows.
  • Mirador – Offers RIAs a way to securely receive and store data, enter the data into the RIA’s reporting tool, and reconcile the positions, transactions, and performance, while ensuring their proprietary technology fits into the entire infrastructure of the RIA.

To read the full report, click here.