The Problem
The trust managed a complex portfolio across multiple asset classes and custodians. The trustee team spent a disproportionate amount of time on manual data gathering and reconciliation, leaving little time for strategic oversight.
Inconsistent data formats and timing differences between custodian reports created reconciliation challenges that required significant manual effort to resolve. The lack of a unified view made trustee meetings less productive.
Results with Asora
-80%
Manual reconciliation
Real-time
Data transparency
Dramatically reduced
Trustee meeting prep
Deciding to Go with Asora
The trust needed a solution that could provide a single, consistent view across all investments. Asora's ability to automatically aggregate and reconcile data from multiple sources was the deciding factor.
The platform's performance monitoring capabilities, including daily time-weighted returns and entity-level views, aligned perfectly with the trust's governance requirements.
The Struggle with Reconciliation
Asora Solution
The Effect of Using Asora
Manual data gathering and reconciliation time was cut by approximately 80%. The trustee team now has access to real-time, reconciled data across all investments.
Trustee meetings are now focused on strategic decisions rather than data validation. The transparency has also improved communication with the family, as everyone has access to the same up-to-date information.
Lessons and Advice
Transparency is as important as accuracy. When everyone sees the same data, decision-making improves and trust between stakeholders strengthens.
Automation of reconciliation isn't just about time savings. It's about eliminating the errors and inconsistencies that undermine confidence in the data.
Asora transformed our operations from reactive data management to proactive portfolio oversight. The time we've reclaimed is now spent on what matters most: serving the family's long-term interests.
Lead Independent Trustee
Family Trust
ISO 27001 Certified
GDPR Compliant