Industries/Asset & wealth managers
Custodian recon and closefor asset managers.
Managers reconcile custodian feeds to fund and firm GL, onboard complex family-office structures, and close the management company books under auditor scrutiny. FinanceAI quotes custodian line references in matches and keeps beneficial ownership visible for AML programs.
SEC custody and advertising rules for advisers, AML program requirements, and Form ADV disclosures — general compliance context only.
Challenges in asset & wealth managers
Multiple custodians, one firm GL
Fidelity, Schwab, and Pershing files use different tags for the same economic movement.
Family office structures
Trusts and LLC stacks obscure beneficial owners without a graph view.
Management fee accruals
AUM swings drive revenue flux that needs documentation.
Workflows with human checkpoints
Custodian to firm cash
Reconciliation Agent- Today
- Ops downloads custodian statements and matches in Excel.
- With the agent
- Agent normalizes tags and proposes breaks with custodian reference IDs.
- Human checkpoint
- Director of operations approves adjustments.
Entity and trust onboarding
KYC Agent- Today
- Compliance collects trust deeds and W-9s in shared drives.
- With the agent
- Agent links trustees, grantors, and UBOs with percentage checks.
- Human checkpoint
- CCO approves client acceptance.
Management company close
Close Agent- Today
- Accruals for fees and expenses tracked in manual schedules.
- With the agent
- Close Agent compares prepaid and accrual schedules to GL.
- Human checkpoint
- Controller approves fee accrual entries.
Documents you can test
Questions
Fund-level vs firm-level?
Pilots can target firm GL first; fund accounting feeds can be added when custodian mappings exist.
Do you calculate NAV?
No — FinanceAI focuses on reconciliation, KYC evidence, and close, not portfolio accounting.
Related industries
Try custodian statement for asset & wealth managers
Use dummy documents in the trial or explore the Aster Bank live demo. Every agent step is logged before anyone approves a journal or disposition.