Ultimus LeverPoint Private Fund Solutions provides a customizable suite of Management Company administration solutions to clients of all sizes. Our services provide customizable, adaptable and flexible accounting solutions required to support a complete turnkey solution or to supplement an internal team, providing Management Companies of all sizes the resources needed to support their in-house accounting team.
Management Company Solutions
Providing Expertise
Outsourcing Management Company solutions to Ultimus LeverPoint, reduces the resources you need to support an in-house accounting team. When you outsource to our team of experienced professionals, we function as your accounting staff, effectively handling the day-to-day operations of your firm. We will handle much of the third-party communications that typically take the time of CFOs and General Partners, working closely with vendors and auditors.
The Management Company administration solutions are performed by a team of highly qualified professionals, separate from the Fund accounting team. The team of associates will work seamlessly with the CFO, Controller and in some instances, directly with the General Partners, to set up the best operating model and schedule of deliverables for the firm. In addition, the team will maintain a high level of communication throughout the engagement, including weekly team status calls, and reviews of deadlines and objectives.
We offer a range of customizable Management Company solutions for funds and general partnerships, including:
Set-Up & Integration
Accounting
Reporting
Treasury
Additional Services
- Review the organizational documentation
- Coordinate with legal counsel, tax advisor and auditor, as needed
- Set up entity structure within Ultimus systems
- Establish and maintain a general ledger for the manager
- Process accounts payable
- Process accounts receivable
- Process time and expense reimbursements
- Process payroll via a payroll provider
- Reconcile Intercompany Settlements
- Prepare all journal entries monthly
- Depreciation entries
- Accrual entries
- Deferred revenue
- Allocations
- Management fee invoicing
- Monitoring fee invoicing
- Prepare financial reports within an agreed-upon timeframe
- Prepare supplemental schedules as needed
- Weekly cash balance and activity reporting
- Assist with the set-up of bank accounts
- Coordinate online banking platform, as needed
- Prepare and review outgoing bank wires and checks
- OFAC verification procedures for all wires and checks prepared prior to execution
- Cash monitoring and reporting
- Reconcile all bank accounts and provide activity reports monthly
- 1099 preparation and distribution
- Commercial rent reporting
Download the Brochure
Our Management Company solutions provide you with a comprehensive suite of services that increase efficiency and introduce best practices. To learn more & to download the fact sheet, please fill out the form below.
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The Ultimus Group, LLC is an Equal Opportunity Employer. All rights reserved.
DISCLOSURE: Information contained on this website is based on public data, historical agreements and dialogue with intermediaries. Such information represents our current understanding of the described platforms and the costs associated with them. In many cases, such costs may be negotiable. All pricing and fee information is subject to change without notice.
