Solutions
Family office fund
Money managed for one wealthy family or family group.
No credit card. Nothing is charged until your first 30 days are over.
What this kind of fund is
A single pool of family capital, often held across several accounts and brokers, with a handful of family members or entities holding shares of it. The administration burden is not volume, it is fairness: everyone has to be able to see that their share is right.
What the administration actually involves
A family office fund usually exists because a shared file stopped being good enough. The capital sits across a few brokers and bank accounts, three or four family members or holding entities own shares of it, and once a year somebody has to explain to a cousin why their share moved differently from the headline return. The arithmetic is not hard. Doing it the same way twelve months running, and being able to show how, is the part that takes the evening.
Here the family entities are participants holding units in a series. You enter each account's closing balance for the month, book the costs and the fees, and the engine derives the koers and every holder's value from those inputs. A share is units times a published price, so the shares always add up to the fund and there is no column of percentages to keep in balance.
What makes it hard
Percentages that stop adding up
Splitting a pool by percentage works until somebody deposits. Then every percentage has to be recalculated, and one of them being slightly wrong stays invisible until a family member checks it.
One branch on different terms
A branch that came in earlier, or at a lower fee, means a second set of formulas that has to stay in step with the first for years. In practice one of them gets updated and the other does not.
The holder who reconciles everything
Family capital almost always has one member who checks their own statement line by line. A figure you cannot trace back to its inputs turns a confirmation into a conversation.
How FundFlow fits
Everyone's share, always footing
Each family member or entity is a participant with units in a series. Value is always units times the month's koers, so a share can never quietly drift out of line with the total.
Different terms for different branches
If one branch came in on different fee terms, that is a second series with its own management fee, performance fee and high-water mark, and its own koers history.
A statement that answers questions before they are asked
Each family member gets their own PDF with their value, their return this month and since they joined, and the fees they actually paid.
Questions managers ask
Can different family members pay different fees?
Yes. Each set of terms is a fee series with its own management fee, performance fee, high-water mark setting and koers history. A participant can hold units in more than one series, and the engine applies each series' own rates within the same monthly calculation.
We hold assets at three brokers. Is that a problem?
No. You register the accounts on the fund and enter each one's closing balance for the month. One of the four checks that has to pass before a month can be locked compares the sum of those balances against the NAV, so an account you forgot is caught rather than quietly absorbed.
Read how these parts work
The parts of FundFlow this kind of fund leans on most.
Put the family's real figures in and check them
Anchor the fund at the last month you reconciled by hand, then close the next one here. If the koers and every share match what you already had, you have your answer.
In your first session
- Create the fund and register the accounts the capital actually sits in, one per broker or bank.
- Anchor an opening position: the koers and each family entity's units at a month you already trust.
- Close the following month and compare every share against your own figures before you tell anyone.
No credit card. Nothing is charged until your first 30 days are over.