Finance as a Service for
Investment Management Firms

Providing financial services, business consulting, and administration services to firms focused on investment and financial management.

We focus on the administrative side so you can focus on your business.

Investment Management Firms We Work With:
How We Work

Finance as a Service Empowers Investment Management Firms

Common Challenges

  1. Building an institutional grade finance solution implementing best practices
  2. Finding a solution that can scale with your growing business
  3. Lack of senior resources with industry expertise
  4. Lack of HR, payroll and benefits expertise
  5. No integrated accounting system or formalized procedures
  6. No segregation of duties, business continuity support, or “second set of eyes”

Why Common Solutions Fail

  1. Inadequate accounting systems have difficult-to-access data and poor financial records
  2. Handling every detail is overwhelming and leads to errors
  3. Without internal experts to consult, you’re on your own to find answers and solutions
  4. Hiring internally risks turnover with no business continuity planning
  5. Other systems are not robust enough to scale and lack the expertise to help you grow
  6. Lack of oversight leads to unacceptable business risk

The Consero Solution

  1. Integrated accounting platform built for you, with tested processes, procedures, and solutions
  2. Experienced team with a deep background in the investment management space
  3. We know what’s ahead for you, and have best practices already established to meet your needs
  4. HR/Payroll/PEO expert team to assist your HR functions and support your needs
  5. Automation of data flow with built-in segregation of duties
  6. Established controls and transparency supports your growing firm

Ongoing Business Support

Growing businesses need professional help, but often don’t have a full-time CFO or Controller. With FaaS for Investment Management Firms from Consero, you have a world-class platform backed by financial experts who work with you to help guide your business to success.

Our platform offers:

Startup and Launch Support

As you prepare to launch your new venture, our team of professionals will provide expert advice and proactive guidance to support you in achieving your goals and sticking to your timeline.

We focus on the administrative side of things so that you can work on building your team, portfolio, and client relationships. From the earliest stages of your firm, you’ll have a partner and team of trusted advisors. Our job is to eliminate your worries and allow you to focus on growing your business.

Startup and Launch Services Include:

  • Establishing banking relationships and opening operating accounts
  • Reviewing and filing local tax and license forms to ensure compliance
  • Reviewing and advising on business insurance requirements and assisting with vendor selection
  • Advising and streamlining your processes during key phases of your launch
  • Setting up payroll services and new hire onboarding procedures
  • Organizing benefit programs including medical, dental, vision, 401(k), FSA, and others
  • Practical consultation on offering documents and the interplay between your Management Company, General Partner, and Fund

Payroll & HR Support

The HR landscape is constantly evolving and most small businesses don’t have the bandwidth to keep current with the shifting requirements. Through our network of resources and advisors, we are continually updating our knowledge base and will work with you and your team to ensure a smooth experience. Reduce your risk, save time, focus on your core business, and leave the hassles of HR and Payroll to us.

Our comprehensive payroll and HR support includes:

  • Advising on the optimal payroll and benefits solution to fit your needs
  • Guidance on industry-standard offerings to stay competitive with your benefits packages
  • Onboarding new employees, including background checks
  • Managing and processing payroll
  • Guidance on labor-related standards
  • Coordinating and administering your custom benefit plans
  • Ensuring workers comp compliance and audit support
  • IRS, state, and municipal tax registrations

Financial Records and Planning

While you focus on what matters most to you, we take care of the day-to-day details of maintaining your finances, including monitoring deadlines to ensure tax and accounting milestones are met. Receive timely summary reporting to help you view the big picture while we liaise with your outside tax preparers on the details. Learn from the past and prepare for the future with Consero.

Financial records and planning services include:

  • Maintaining the general ledger for the investment manager, general partner, and related management entities
  • Managing cash flow and treasury functions for all entities
  • Maintaining capital accounts for business partners
  • Monthly Financial Statement reporting
  • Actual vs. budget reporting; budget maintenance and forecasting are available
  • Liase with your tax team on their estimates and annual returns

Billing and Payment Services

With Consero’s Investment Management Firm FaaS, your financial and business records are managed in a secure cloud-based environment that includes electronic bill pay and digital document storage. Our integrated platform means you can stop collecting paper receipts and start streamlining expense reporting and receipt collection.

Billing and payment services include:

  • Manage full-cycle accounts payable processes using our online e-pay solutions
  • Incorporate industry best practices to protect against fraud and guard against errors
  • Incorporate and support your team with electronic expense reporting using integrated phone apps
  • Manage your accounts receivable cycle for funds, separately managed accounts, and re-billable expenses
  • Interface with your fund administrator or other third party to coordinate fee payment and collection

Set Up an Optimized Finance and Accounting Function

Optimized F&A Function

  • Integrated systems process transactions quickly and accurately
  • Books closed in 3 to 10 business days with audit and diligence ready financials
  • Internal and external reporting needs met
  • Integration with fund service providers
  • Supporting executive focus on strategic initiatives vs. operational accounting
  • Scalable to grow with you
What We Provide to Investment Management Firms

An accelerated path to finance optimization

Consero’s FaaS Solution delivers substantial and ongoing benefits for your investment management firm, starting with services that can be up and running in as little as 30 days with minimal impact on your day-to-day operations.

However, compressing time to value is just one of the many reasons to partner with Consero.

Testimonials

What Our Clients Think

"BridgeView CFO provides us with a team of seasoned professionals to support our evolving needs. Their experience in the investment management space is key for us, and we find we can save time and resources working with a team that understands what we need, from accounting to payroll and benefits, location expansion, vendor selection, day to day accounting, detailed financial reporting and more. We rely on their knowledge and insight on a regular basis. BridgeView is a trusted business partner and provides us with peace of mind, knowing our business has strong support."

David Westbrook - Chief Financial Officer, Robertson Stephens

Consero FaaS: Disrupting the Outdated Traditional F&A Model

Transformation
  • Cash to GAAP conversion
  • Clean-up work
  • Interim oversight & support
  • Accounting software Implementation

Build it Yourself Solution

  • CFO / Interim CFO
  • Consultants / VARs

Consero FaaS Solution

  • CFO / Interim CFO
  • or Consero Interim CFO
  • Consero Setup/Transformation
Ongoing F&A
  • Monthly financials
  • Daily accounting support
  • Management reporting
  • Integrate add-on acquisitions

Build it Yourself Solution

  • CFO
  • Controllers & Accounting Team
  • Enterprise Accounting Applications

Consero FaaS Solution

  • CFO
  • or Consero Fractional CFO
  • Consero FaaS Enterprise F&A Software and Services

New PE Platform Investment F&A Challenges

Founder Owned Company Accounting:
  • Existing accounting done on a cash/hybrid basis
  • Run on SMB accounting software and other disparate applications
  • Inability to produce auditable financials
  • Lack of know-how to develop projections & KPIs
  • No consistency/structure to customer contracts
  • Underqualified staff
  • Non-scalable manual processes
Carve-Out Accounting:
  • Required to move off parent company accounting applications in a timely fashion
  • Have to build an entire F&A team
  • No documented operational policies and procedures
To Optimized Finance & Accounting:
  • Monthly financials available in 5-10 business days
  • Audit and diligence ready support details
  • Integrated enterprise grade accounting software
  • Budget and forecast reporting
  • Business KPIs
  • Efficient & scalable processes for rolling in add-ons