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Frequently Asked Questions

Frequently
Asked
Questions

General

Is Asset Vantage a wealth advisor or robo-advisor?
No, we are not wealth advisors or wealth managers. Asset Vantage is powerful software platform designed to provide you with real-time information about your wealth so you can make well-informed decisions.
Our software is neither a robo-advisor nor an on-line wealth manager since we do not offer investment products or make recommendations on how to manage your wealth.
Why should I be using Asset Vantage?

If you aspire to be in control of your investments, our software platform is meant for you even if you are not an active investor. You no longer need to be fully dependent on your wealth advisors to really understand the true picture of your financial life.
If you’re looking to consolidate investment data, manage accounting and documents all on one platform, the Asset Vantage software platform is the perfect solution and will help you reduce complexities and stay on top.

Can I transact through the platform like buy/sell stocks and bonds or make bank transfers?
No, you cannot transact on the AV platform. AV is a reporting platform with powerful data aggregation and reporting capabilities in addition to accounting and document management. Your transactions will need to be routed through your existing bank or broker so you don’t need to change anything.
What type of entities can I use Asset Vantage for?
A wide range of entities that can be set up on the AV platform – individuals, companies, trusts, partnerships and more. An entity is any investment holding vehicle that has a unique tax identification number.
Can I sign up for a product trial? What does it offer?
Once you request for a demo, you can also ask for a product trial. Our trial edition allows you to experience the platform and its features for a fixed period of time before you decide to subscribe.
What features can I expect in the future?
We’re always working on keeping our software relevant and bringing you the latest technology to stay ahead. Given our Software-as-a-Service (SaaS) structure, you can always expect to have the latest product through upgrades that automatically get pushed to your edition.

USER PERMISSIONS

Is there a restriction to the number of login IDs per license?

No, the system allows you to create unlimited user login IDs per license, regardless of which edition you are subscribed to.

Can I define user permissions for designated advisors, accountants and family members?

Yes, you can define unlimited user permissions for any external party and create restricted or limited access to your private data.

Is there a record of all user activity on the system?

The system maintains an audit log for all login sessions including data entry, edits and deletions.

DATA STORAGE & ACCESS

Where is my data being stored and can I take a backup?

Your data is setup and stored securely on a private cloud provisioned by Amazon Web Services (AWS). You can take a manual backup of your encrypted data at any time. We have opted out of auto-backup settings on AWS so there are no backup files created without your knowledge.

Does Asset Vantage have access to my data?

No, we take privacy very seriously and the Asset Vantage team does not have access to any of your data.

Can I access the data remotely and from my mobile devices?

Yes, you can access the system from a web browser using your unique URL, from anywhere, at anytime. Our software is compatible with Firefox and Chrome on desktops and tablets. We also have an ‘Asset Vantage’ mobile app that you can download on your (Apple iOS / Google Android) smartphone to view your analytics dashboard on the go and stay updated with global news, stock news and more.

 

DATA UPLOAD

Can data from different sources be synced to the AV platform?

Yes, you can choose to upload data for all asset classes in a number of different automated ways — preformatted AV excel templates, custodian and registrar statement downloads and manually.

In what format can financial data be uploaded and entered on Asset Vantage?

You can enter transaction data by uploading excel files, digital contract notes and other readable PDF files.

How do I keep my bank and credit card transactions updated? 

You can either manually upload bank statements to populate and categorize transactions or you can also use our ‘auto-sync’ feature where the AV system pulls read-only transactions directly from your online bank account. Once this data is categorized, the system will automatically create and update your books of accounts. We support over 5,000 global feeds across banks, credit cards and custody accounts. 

Can I upload and store important documents in digital formats?

Yes, you can store any scanned document related to KYC, transactions, compliance, investments, etc. in AV’s ‘Document Vault’. All documents can be linked to transactions for easy referencing.

Can I consolidate data for international assets?

Yes, the system has full multi-currency capabilities and you can handle a wide variety of international assets.

How do I update values of all my illiquid assets?

You can manually update valuations of all illiquid assets. The system will then compute performance based on your latest valuation update.

INVESTMENT ANALYTICS

How does my portfolio stay updated?

Our system is backed by a daily data feed integrated with valuations and corporate actions (dividends, bonuses, splits, etc.), which auto-updates your portfolio with end of day closing prices for all market-traded assets.

Can I review annualized returns (IRR/TWR) since inception and for a specific period?

Yes, the system computes annualized returns (IRR or TWR) from inception and between any two dates and across asset classes, advisors, sectors, etc. This depicts the true picture of performance and leads to better-informed decisions.

Does the system compute asset allocation over time?

Yes, you can review change in asset allocation over a period of time to rebalance your allocation and align it with your investment strategies.

Can I review my holdings across different parameters?

Yes, you can filter your assets based on sector concentration, geographic exposure, and liquidity profile.

Can I compare annualized performance of my various wealth advisors?

Yes, you can compare the performance of your advisors for any chosen date range. This helps you stay prepared for monthly reviews with your wealth advisors.

Does the platform support benchmarking?

Yes, you can compare performance with various benchmarks like indices or any public security. Benchmarks can be assigned at multiple levels like asset class, sub asset class, individual holding or advisors.

Can I review performance analytics at the group or family level?

Yes, you can create groups with unlimited permutations and combinations of family members, trusts, business entities and partnerships to view consolidated reports at a group or family level.

Can I customize reports to suit my needs?

Yes, you can create and save custom report templates to suit your data analytics needs.

Can I tag holdings to asset classes as per my preference?

You can categorize holdings as per your own definitions and change asset class mapping to suit your specific reporting needs. You can also evaluate performance based on custom investment strategies.

ACCOUNTING

Does the system generate short-term and long-term gains reports for investments?

Yes, the ‘Gains/Loss Report’ splits realized and unrealized gains into short-term and long-term periods for each lot or unit of investment. For unrealized investments in the short-term, the system computes the number of balance days for an investment to mature into a long-term holding.

Does the system have income and expense reports?

Yes, the system provides a detailed analysis for income and expense across categories.

With automated accounting, how are ledgers created?

You need not create ledgers as the system automatically creates and updates ledgers when transaction data is entered and processed. However, you can also manually create any type of ledgers at the accounting head or subgroup level and make manual journal entries as well.

What kind of accounting reports does the platform create?

AV has a dual entry accounting engine that creates Income Statement (P&L), Balance Sheet, General Ledger, Bank Reconciliations, Trial Balance, Capital Gains with Indexation and all journal entries.

Can the system calculate tax liability?

No, the system does not calculate tax liability. However, the system gives you and your CPA/Chartered Accountant all the data that you need to compute tax effortlessly.

What format is the balance sheet prepared in?

AV creates a balance sheet in accordance with Generally Accepted Accounting Standards as applicable in India and USA. 

Can we print journal entries generated on the system?

Yes, you can print journal entries generated on the system.