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NETSUITE FOR WEALTH MANAGERS

Consolidate Investments with the Best ERP Software for Wealth Management Companies

Folio3 implements NetSuite for wealth management companies to consolidate investments, complex entity structures, and client fee models into one financial platform. Wealth management firms need a connected financial platform to keep pace with complex investment structures, multiple entities, client fee models, portfolio activity, and increasingly demanding reporting requirements. We help them extend NetSuite to create a centralized financial and operational foundation.
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NETSUITE AWARD SHOWCASE

Award-winning NetSuite Implementation for Financial Management Firms

Folio3 has been recognized with the Summer 2023 Alliance Partner Spotlight Award for Sterling Capital Brokers‘ NetSuite implementation in the Financial Services category.

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CHALLENGES

What Financial Challenges Does Folio3 Solve for Wealth Managers?

Wealth management firms face six common challenges of fragmented financial data, manual reconciliation, complex entity structures, complex fee models, limited management visibility, and compliance requirements. At Folio3, we solve these challenges for wealth management firms by implementing the NetSuite ERP software:

01

Fragmented Financial Data
Accounting data, portfolio information, bank activity, and client billing data are stored in separate systems.

02

Manual Reconciliation
Finance spends time reconciling custodial transactions, bank activity, investment data, etc.

03

Complex Entity Structures
Funds, SPVs, management companies, subsidiaries, and related entities make consolidation difficult.

04

Complex Fee Models
AUM-based and tiered fee structures are hard for wealth managers to calculate, reconcile, invoice, and audit.

05

Limited Management Visibility
Your team combines spreadsheets and reports from multiple systems to understand business performance.

06

Compliance Requirements
Manual processes make approvals, audit trails, SODs, and financial controls difficult to maintain.

Implement NetSuite for Wealth Managers
WHY NETSUITE

What Makes NetSuite the Best ERP Software for Wealth Management Companies?

NetSuite is considered the best ERP software for wealth management companies since it is built around how wealth managers operate. NetSuite connects with your systems that manage portfolio and investment activity to consolidate everything on one scalable system. The following are the NetSuite capabilities for wealth management firms:

Financial Management

Create a centralized financial system for the management company, investment entities, subsidiaries, funds, and SPVs.
  • GL and financial accounting
  • AP and AR
  • Cash and bank management
  • Multi-currency accounting
  • Month-end close management
Financial Management (1)
Multi-entity and Fund Accounting

Multi-entity and Fund Accounting

Manage complex organizational structures while maintaining entity-level accounting and consolidated visibility.
  • Multi-subsidiary accounting
  • Fund and SPV accounting
  • Intercompany transactions and eliminations
  • Multi-currency consolidation
  • Entity-specific reporting

Management Fee and Billing Automation

Turn complex fee structures, including AUM-based management fees, tiered fee schedules, and more, into controlled, auditable financial processes. Support:
  • AUM-based management fees
  • Tiered fee schedules
  • Fee waivers and rebates
  • Revenue recognition
  • Tax and VAT treatment
Management Fee and Billing Automation
Wealth Management Reporting

Wealth Management Reporting

Give finance, investment, and leadership teams a consistent view of financial and operational performance.
  • AUM by client, portfolio, or entity
  • Management fee revenue
  • Realized gains and losses
  • Entity-level P&L
  • Intercompany balances
Implement NetSuite for Wealth Management Firms
NETSUITE MODULES FOR SOFTWARE FIRMS

Connect Your Entire Software Business with NetSuite Modules

NetSuite provides a broad suite of modules that can be configured to support the complete financial and operational cycle of a software and technology business.

Advanced Revenue Management

The NetSuite Advanced Revenue Management (ARM) module helps wealth management companies automate the recognition and accounting of revenue based on defined rules and contractual arrangements.
Multi-book Accounting

Multi-book Accounting

The NetSuite Multi-Book Accounting module helps wealth management organizations maintain multiple accounting books from a common transaction base while applying different accounting treatments.
SuiteBilling (1)

SuiteBilling

SuiteBilling helps wealth managers automate recurring and usage-based billing processes and connect billing with financial operations. It supports recurring management fees, different billing schedules, pricing structures, and customer-specific arrangements.
OneWorld (1)

OneWorld

NetSuite OneWorld helps wealth management organizations manage complex multi-entity structures from a single ERP environment. Firms can maintain separate financial records for management companies, subsidiaries, funds, SPVs, and other legal entities

Advanced Financials (1)

Advanced Financials

NetSuite Advanced Financials supports more sophisticated accounting requirements. Wealth management firms can use features such as advanced intercompany management, amortization, and more to automate complex processes.

Fixed Asset Management

NetSuite Fixed Asset Management helps wealth management companies track, depreciate, and report on assets throughout their lifecycle. Firms can manage assets like office equipment, tech infrastructure, and other CapEx.
Planning and Budgeting (2) (1)

Planning and Budgeting

NetSuite Planning and Budgeting gives wealth management firms a structured way to plan revenue, expenses, headcount, capital expenditure, and cash requirements across entities, departments, and business lines.
View All Modules

Implement NetSuite for Wealth Management Firms with Folio3

Connect with our NetSuite ERP implementation experts who will help you through every step of the NetSuite implementation process for your wealth management organization.
Talk to a NetSuite Wealth Management Expert
VERIFIED BUSINESS OUTCOMES

See How Our NetSuite Implementations Make an Impact

Our NetSuite implementations have helped businesses achieve desired organizational outcomes.

global
A real estate fund management firm handling $1.4 billion in assets on behalf of institutional investors from the US and EMEA.

Industry

Financial Services

Founded

2021

Headquarters

Dubai, UAE

Annual Revenue

Undisclosed

Team

~ 50 employees

5 Funds

Managed on one platform

Growth from 1 to 5 funds, without re-platforming.

100 %

Invoices matched to POs

No invoice gets paid without an approved purchase order.

Faster

Reporting cycles

A unified ERP closes reporting periods quicker than the legacy setup.

1

Single source of truth

No more entering the same data across multiple spreadsheets.
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WHY FOLIO3

Why Do Wealth Management Firms Choose Folio3 for NetSuite Implementation?

Wealth management firms choose Folio3 for four reasons of 25+ complex multi-entity deployments, 10+ NetSuite Multi-book Enabled Certified experts, certified chartered accountants on staff, and full-service NetSuite expertise. 

25+ Complex Multi-entity Deployments

Our ERP experts have vast experience implementing NetSuite OneWorld for complex, multi-entity environments spread across different geographies.

10+ Multi-book Enabled Certified Experts

Members of our ERP software implementation team have obtained NetSuite Multi-book Enabled certifications.

Certified Chartered Accountants

We have a team of certified chartered accountants who are also NetSuite ERP consultants, so you get both financial and ERP expertise.

Full-service NetSuite Expertise

Folio3 combines NetSuite implementation, customization, integration, and support capabilities to help create a connected business ecosystem.

Implement NetSuite for Wealth Management Firms
NETSUITE SUPPORT SERVICES

Get Go-live and Post-go-live NetSuite Support and Customization

If you’ve already implemented NetSuite ERP software for your wealth management business, our NetSuite support and customization specialists can help you ensure ongoing ERP and business success.

Get NetSuite Support
on-going support

Develop Your Wealth Management NetSuite Strategy with Folio3

Talk to our NetSuite experts about your current systems, investment operations, entity structure, and financial reporting requirements.
Talk to a Wealth Management Expert
FAQs

Common Questions Wealth Managers Ask Before Implementing NetSuite

Can NetSuite manage multiple wealth management entities?
Yes. NetSuite OneWorld enables wealth management organizations to manage multiple subsidiaries, management companies, funds, SPVs, and other legal entities within a single platform. Firms can maintain entity-level accounting while consolidating financial results across the organization.
Yes. NetSuite can support fee management and billing processes, including recurring advisory fees, management fees, tiered pricing, and other billing arrangements. Depending on the firm’s requirements, NetSuite can be integrated with AUM or portfolio data to automate the flow from fee calculation through invoicing and accounting.
Yes. NetSuite OneWorld and related financial capabilities can be configured to support complex entity structures, including funds, SPVs, subsidiaries, and management companies. The appropriate configuration depends on the firm’s accounting model, reporting requirements, ownership structures, and transaction flows.
Yes. NetSuite Multi-Book Accounting allows organizations to maintain multiple accounting books using a common transaction base while applying different accounting treatments or reporting requirements.
You should choose Folio3 for NetSuite implementation for your wealth management company because we combine NetSuite implementation, consulting, integration, and customization expertise to build solutions around the firm’s existing operating model.

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