Who we serve
Three kinds of firm. One standard of books.
Each is held to the same questions every day: what do we own, are the books right, are we within the rules, and how did we do. The work differs; the controls do not.
$100M–$3B · 3–20 staff
Family offices
The hardest day today
Typing a stack of private-fund statements into a spreadsheet by hand, then estimating next year’s capital calls from memory.
With Purser
Every statement is read, booked and confirmed by a person. The family’s wealth appears in one set of books across every trust, partnership and individual, with commitments and cash needs forecast from the actual documents.
What your office handles
Consolidated books and reporting across entities
Private-fund statements, capital calls and distributions
Commitment and cash forecasting
Tax-lot records and a tax-ready package for your preparer
Investment-policy and restriction monitoring
Tax-aware rebalancing drafts for your advisers to approve
Quarterly reports for the family and the board
$100M–$5B · 5–40 staff
Boutique investment managers
The hardest day today
Reconciling the trading system to the administrator to the custodian, then answering an allocator’s due-diligence questionnaire with the same spreadsheets.
With Purser
A shadow book checked against your administrator every day, not at month-end. Breaks arrive with a cause. When an allocator asks how your operations work, you hand them a package that already answers.
What your office handles
Daily trade, position and cash reconciliation
Shadow NAV checked against your administrator
Performance against your benchmarks
Client-restriction and regulatory-limit monitoring
Code-of-ethics attestations and personal-trading pre-clearance
Marketing-review records for your CCO
Due-diligence questionnaires and operations documentation
$50M–$1B per fund
Private equity and emerging funds
The hardest day today
Allocating a capital call across every investor by hand, then rebuilding each capital account for the quarterly statement.
With Purser
Investor capital and the portfolio live in the same books. A call is calculated once, by code, and reaches every capital account. Your office drafts the notices; you approve them.
What your office handles
Investor capital accounts across share classes
Capital-call and distribution calculations and draft notices
Management-fee calculations
Fund books and general-ledger exports
Quarterly investor statements
K-1 coordination with your tax preparer
Audit support
[Confirm with counsel: how Purser works alongside, or in place of, a fund administrator.]
A good fit if
You answer to allocators, a board or a family who expect institutional controls.
Your books are spread across several custodians, entities or private funds.
You would rather know your accountant by name than open a ticket.
You want to see your books every morning, not once a month.