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FoundationPartnerSMCommunity foundations exist to serve others. That mission can be compromised, though, when foundation personnel spend too much time managing the organization’s investment portfolio and too little time tending to the needs of donors and beneficiaries. A chief culprit: outmoded back-office processes that require staff to spend endless hours compiling and analyzing data from multiple money managers and translating that data into financial reports.
There is a solution. It’s called FoundationPartnerSM.
FoundationPartnerSMFoundation PartnerSM is a web-based service from AST Capital Trust designed specifically for the community foundation marketplace. It automates the collection, entry and analysis of data from multiple investment managers, freeing foundation personnel to focus on the needs of donors and beneficiaries. Specifically, FoundationPartnerSM can:Integrate data from multiple custodians into a unified feed to the client.
Normalize data to reduce redundancies and errors.
Unitize investment pools
Allocate investment pools and mutual fund investments across multiple custodians.
Scan investment statements and provide secure offsite storage of the electronic copies.
Provide performance reporting for individual accounts and groups of accounts, including portfolio analytics, benchmark comparisons and asset allocation calculations.
Find out moreTo learn more about FoundationPartnerSM and how it can contribute to the efficient management of your community foundation, just click here to contact an AST Capital Trust representative specializing in Institutional Account Services.
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