Family Office Software

As a Family Office, you face a unique set of accounting and financial reporting challenges.  Fortunately, Forest Systems understands those issues intimately.  Our platform, with its integrated general ledger and portfolio tracking capabilities, can meet all your financial management and reporting requirements.

Track All of Your Entities in One Place

As a Family Office, you must maintain detailed accounting records for investments, partnerships, trust and foundation events, personal property, etc. for a myriad of entities, beneficiaries and interested parties.  With our system, you can account for all of these complex activities and more.  Whether it’s tracking tax basis, capital gains, investment income, or cash distributions, you can confidently rely on our platform for all your investment reporting needs.

Our system handles the specialized accounting required for the different types of entities you deal with when working within a Family Office. These entities can include partnerships, Subchapter S corporations, LLCs, foundations, trusts and estates as well as individuals. Our flexible chart of accounts can easily accommodate the varying requirements for each of your entities.

Retrieve and Aggregate Investment Data

Aggregate Data from All of Your Managers

Data retrieval and aggregation are key tasks for any wealth manager in a Family Office. Consolidating investment transactions from multiple custodians, such as brokerage firms, trusts, and banking institutions is no easy feat.  Neither is measuring the portfolio performance of multiple accounts across different entities — unless you have an accounting and portfolio tracking system that is up to the challenge!

With our data retrieval capabilities you’ll have a complete system to handle these challenges. You can download investment transactions and update all of your client portfolios — including hard-to-price securities like options, warrants and bonds — and produce consolidated personal financial statements with ease.

Measure Investment Performance

Calculate Performance and Benchmark Your Managers

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 questions about investment performance, risk and benchmark comparisons. Our software can provide all of these answers and more — directly from the detailed general ledger activity.

Our platform allows you to:

  • Compare your returns against major indexes.
  • Analyze the risk level in your portfolio.
  • Calculate IRR year-over-year.
  • Produce reports on individual portfolios 
  • Report on managers and combine portfolios for comprehensive summary reports.

Easily Produce Financial Reports and Consolidated Statements

A Family Office needs quick access to reliable investment data to satisfy the information needs of its broad array of stakeholders.  The reporting requirements can range from a global view of investments owned across an entire multi-generation family, down to the performance of a specific asset owned by a single family member.  The ability to routinely sort, group and consolidate data in order to customize reports for different users with different information requirements is essential.

Our solution can produce over 150 reports to help you analyze, inform and manage. In addition to financial statements, tax schedules and portfolio holdings, you can generate consolidated statements and reports that span multiple years, entities or generations, to name but a few possibilities.

Streamline Your Cash Disbursements

Family members rely on their office managers to make frequent distributions including bill payments. Our software prints checks from multiple bank accounts on blank check stock — fully customized, professionally formatted and MICR-encoded — avoiding the need for different pre-printed check forms.

Share Information with Family Advisors

A growing trend among Family Offices is to provide more visibility to advisors such as CPAs, attorneys, and investment managers, as well as other family members. With our platform, you  not only give select individuals access to data, but you can also tailor the amount of access, allowing a professional to see as much or as little as you deem appropriate. With a remote-access-enabled platform, you, your client or even an advisor can view, download, or print reports with ease.