One view across your custodians.
Assets at several banks, in several currencies, for several family members. TAC reads each custodian statement and builds one total from them.
Where the time goes
What changes
Each statement is tied to the bank's printed total before its figures are used.
Positions and cash from all custodians are matched to the books in one database. Loans and overdrafts are kept out of AUM.
Fees and P&L are worked out from the reconciled data.
Each statement loaded, and each change made, is recorded with who did it and when.
What you receive
One AUM figure, by account and in total
Daily list of differences, by custodian
P&L by account and by security
Statement history: what was loaded and what it changed
Investment decisions, and approval of the reports the family relies on, stay with the family and its advisers.