Consolidated Reporting Service

In the world of wealth management, the benefits of organized, comprehensive, streamlined reporting cannot be overstated. Wealthy investors and charitable foundations require a bird’s eye view of their finances to make informed decisions and achieve their financial goals. That’s why our family office offers a meticulously designed Consolidated Reporting Service tailored for this sophisticated audience. Our service stands out by offering a seamless blend of bookkeeping, documentation, reporting, and regular reviews, infused with actionable recommendations for continuous improvement. Our goal is to provide investors with decision making confidence and financial peace of mind.

Organized Documentation for Stress-Free Management

At the heart of our Consolidated Reporting Service is our commitment to impeccable documentation. We ensure that all statements and tax documents are securely stored in an organized Year/Account format on shared drive platforms preferred by our clients, such as Google Drive, One Drive, iCloud, and Sync. This structured approach not only facilitates easy access but also simplifies tax compliance and financial review processes. We prioritize controlled access, allowing clients to delegate and audit document access among accountants, lawyers, auditors, and internal staff securely. Our service includes the creation of a comprehensive T-Slip Checklist, ensuring all necessary tax documents are accounted for and readily available.

• Organized Statement Storage: Securely save statements and tax documents in a structured Year/Account format on shared drive platforms preferred by clients such as Google Drive, One Drive, iCloud, and Sync.
• Controlled Access: Delegate and audit access to essential documents with accountants, lawyers, auditors, internal staff, etc.
• T-Slip Checklist: Creation of a comprehensive checklist for T-slips and other tax documents to ensure stress free tax compliance.

Precision Bookkeeping for Clarity and Accuracy

Our bookkeeping services are designed to provide clarity and accuracy for wealthy investors. Utilizing cloud-based bookkeeping software like QuickBooks Online, Xero, and Sage, we offer shared access to clients and their accountants, fostering seamless collaboration. Our service extends to the generation of annual financial statements and trial balances, crucial for accurate financial overview and planning. Additionally, we meticulously maintain records for Adjusted Cost Bases (ACBs), ensuring your investment portfolio is accurately tracked and managed.

• Accounting Record: Utilizing bookkeeping software including QuickBooks Online, Xero, and Sage. We provide shared access to both clients and their accountants for seamless collaboration.
• Annual Financial Statements: Generation of financial statements and trial balances for accountants.
• ACB Tracking: Maintenance of a detailed record for Adjusted Cost Bases (ACBs).

Advanced Reporting for Insightful Decision-Making

Our Consolidated Reporting Service leverages advanced data visualization tools such as PowerBI, Tableau, and Addepar to deliver detailed financial insights. Our reporting service includes the provision of client dashboards and PDF reports that highlight key financial and portfolio metrics, empowering clients with the information they need to make insightful decisions. These tools offer a dynamic view of your financial status, enabling us to present data in an easily digestible format.

• Detailed Financial Insights: We leverage data visualization software using PowerBI, Tableau, and Addepar to provide investment portfolio reporting.
• Benchmarking: Our reports compare returns of your portfolio to relevant benchmarks for investors to determine how their investments are performing compared to peers and averages.
• Impact Measurement: Our consolidated reports include metrics that measure the social and environmental impact your portfolio has.
• Client Dashboard and PDF Reports: Provision of a web dashboards and PDF reports showing key financial & portfolio metrics.

Tailored Reviews with Expert Recommendations

Understanding that each investor’s needs are unique. So, we offer flexible review schedules that can be monthly, quarterly, or annually, based on individual preference. These reviews are more than just a presentation of reports; they come with our recommendations for improving your financial situation. Furthermore, we understand the value of family in wealth management processes. Our family meeting service goes beyond traditional reviews to add purpose to your wealth management process. Thereby, facilitating meaningful discussions and planning.

• Flexible Review Schedules: Offering monthly, quarterly, or annual reviews according to client preference.
• Expert Recommendations: Presentation of reports complete with our professional recommendations.
• Family Meetings: More than just another review. Our family meeting service supports adding purpose to your wealth management process.

Our comprehensive Consolidated Reporting Service is more than just a reporting tool; it’s a foundational component of effective wealth management. At Markdale Financial Management, we’re committed to providing our clients with a service that not only meets but exceeds their expectations, helping them to navigate their financial journey with confidence and ease.

The cost of our Consolidate Reporting Service depends on your situation, but typically starts at $18,000 per year. Click here to get in touch with us to schedule a meeting to learn more.