Mirador, a provider of bespoke portfolio-performance reporting solutions for high net-worth families, family offices, and wealth management firms, has partnered with Canoe Intelligence to improve and simplify reporting on alternative investments by eliminating manual data entry.
Today’s wealth managers and family offices manage complex portfolios that often include scores of alternative investments such as hedge funds, private equity and venture capital. As a result, these firms are inundated with thousands of documents annually, containing 200,000 or more transaction, valuation and performance data points. Canoe’s technology automates the extraction and management of these data points and documents, allowing firms to refocus capital and human resources on business performance and growth.
“We know that a third of ultra-high net-worth portfolios consist of private company holdings, private equity stakes and other alternatives,” says Mirador Founder Joseph Larizza (pictured). “That’s why Canoe developed this technology and why Mirador is thrilled to incorporate its capabilities into our reporting process. Together with Canoe, Mirador is able to more efficiently report on the complex portfolios of our families, family offices and wealth managers and be confident that their financial data is accurate every time.”
Mirador, a provider of customised reporting services, is often tasked with manual entry of alternative asset data for clients with a variety of investment products. These clients, who represent more than USD30 billion in wealth, rely on Mirador to accurately report on their entire financial portfolios. In partnership with Canoe, Mirador is able to reduce its time handling alternative asset data, and provide even more timely and accurate reporting.”
“We are excited to be working with Mirador, a leader and innovator in portfolio reporting solutions,” says Seth Brotman, Canoe CEO. “Canoe allows Mirador to cut through the avalanche of unstructured documents, reports and data it receives from hundreds of investment managers.”