Our client base consists almost solely of trusts and their underlying investment companies.
We are looking for a software package that will keep track of a clients investment portfolio (ideally downloading trades from various brokers), allow us to make accounting adjustments and to then produce financial statements.
We currently use visual jobstream but have found it to be somewhat unstable and unable to do everything we need.
Does anyone have any experience in this or use a package that they would recommend/discourage us from using?
Any comments gratefully received.
Thanks!
Mark
Mark Dixon
Replies (7)
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Trust Management Software
Mark,
I look after the systems for a Trustee Services operation in conjunction with a major UK Bank.
We have recently been through a selection and implementation process and have gone with Troika from FinApps. We have also developed systems and procedures to integrate and work with FinApps.
If you would like to discuss further, please contact me via email in the first instance and I will supply you with phone contact numbers.
Troika from FinApps
Hello Mark,
FinApps is a specialist software provider that produces a Trust Administration and Wealth Management system called Troika. We have offices in Jersey and Horsham and our client base ranges from trust departments in banks, to accountancy firms and solicitors as well as a number of family offices. Our system is developed using standard Microsoft tools and we operate an open database policy,so importing and exporting data is very easy. A number of clients take feeds from brokers or suppliers such as FTInformation, Reuters etc.
You didn't say whether you were UK based or offshore, but apart from the base Troika system which produces accounts and the supporting statements (CGT Taper Relief too!), we have modules for Time and Billing, Trust and Company Administration, and full Foreign Currency as well. These are often requirements for the offshore client, but are optional parts of the system.
Don't hesitate to contact us and you can talk to some of our users about Troika and the support we provide.
Gill Pickworth
Head of Client Liaison
Trust Software and Suppliers
Hello Mark,
I have over 15 years experience in offshore Trust and Company Administration systems both as a user and also as a representative for a number of offshore financial software suppliers.
I'd be very happy to discuss this further with you.
mobile 07797 716754
email [email protected]
Regards,
Martyn Ching
There's a right answer and a wrong answer to this...
Hello Mark
I provide the Profession with independent practice-automation consultancy and solutions
I've experience of a number of systems and I'm very happy to share this with you.
Email me your details and I'll give you a call
Mark Ryan
Solution 6 offer Trust Accounts software
Solution 6 is a major software supplier to the accounting profession worldwide. Its trust accounting product is called Trust Accounts and is used by accountants, solicitors, banks etc. On-shore, Trust Accounts is usually linked to Solution 6's PerTAX product to produce both the accounts and tax returns. Off-shore, its multicurrency functionality is more relevant.
For importing transactions from external sources a Transaction Import facility is available.
For further details
See our UK web site: solution6.co.uk
Or contact me on: +44 (0)20 8354 5209