This financial platform provides reconciled data management, reporting, and analysis for advisors, investors, and businesses. It offers detailed insights into private placements, corporate actions, and cashflow ledgers, enabling clients to access high-quality financial data for informed decision-making.
Funding
$849.2K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Financial advisors, investors, and businesses often struggle with fragmented and inaccurate financial data from multiple sources, leading to unreliable reporting and inefficient decision-making. Reconciling data across various custodians, asset types, and currencies is a time-consuming and error-prone process. This lack of data integrity can result in compliance issues, incorrect fee calculations, and ultimately, a lack of confidence in financial insights.
Solution
Market76 provides a data management and reporting platform that automates the collection, cleaning, and reconciliation of financial data from diverse sources. The platform ensures data accuracy and reliability by employing patented and patent-pending technologies, along with automated processing and exception handling. Market76 normalizes data into a single, robust format, enabling comprehensive reporting on client assets, performance, and fees. The platform's open architecture allows for integration with third-party applications and customizable reporting options, empowering users to gain a complete and trustworthy view of their financial landscape.
Target Audience
The primary target audience includes financial advisors, wealth managers, fund administrators, and other financial institutions that require accurate and reliable data management, reporting, and fee calculation capabilities.
Features
- Automated data collection from direct custodian feeds, held-away asset feeds, private placements, and manually-entered accounts
- Reconciliation processes to ensure (Today's Positions + Cash) = (yesterday's Positions + Cash + Transactions)
- Handling of corporate actions and portfolio adjustments
- Translation of assets and transactions across multiple currencies
- Support for various reporting capabilities, including performance by asset class, total asset summary, and cashflow ledger
- Fee management solution with reusable, multi-tiered fee schedules and account/asset exemptions
- Integration with third-party applications like Jaspersoft, Schwab PortfolioCenter, and Microsoft Excel
- GIPS compliant reporting