Industries/Asset & wealth managers/Close Agent
Management company closeasset & wealth managers.
Management fee accruals are compared to AUM-based schedules before the controller posts month-end revenue. Accruals for fees and expenses tracked in manual schedules.
Scenarios in asset & wealth managers
Multiple custodians, one firm GL
Fidelity, Schwab, and Pershing files use different tags for the same economic movement. Close Agent compares prepaid and accrual schedules to GL.
Family office structures
Controller approves fee accrual entries.
Management company close
Account 6200 Professional fees moves from $375k to $517k month over month — above the 10% / $50k flux policy on the Aster Bank demo ledger.
What the agent checks
- Flux threshold by account class (percent and dollar)
- Required commentary on material accounts
- Prepaid schedule vs GL balance
- Intercompany pair balance to zero
- Suspense account aging
- Close task dependencies on calendar
How it works
- 1
Load period context
Import trial balance, prior period, and close checklist status. Map accounts to owners and materiality thresholds.
- 2
Run flux analysis
Calculate dollar and percent change per account. Flag accounts over materiality or with missing commentary from the prior close.
- 3
Explain drivers
Link large movements to sub-ledger detail, open AP/AR items, or manual journals. Draft variance narrative controllers can edit.
- 4
Propose adjustments
Suggest accruals, prepaid amortisation, and reclasses with debits and credits explicit. Enforce maker-checker before post.
- 5
Track the calendar
Update BD-minus timeline tasks as items clear. Surface blockers — unreconciled IC, open flux, pending approvals.
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.
Does FinanceAI need live API access on day one?
No. Many pilots start with scheduled BAI2/MT940/CAMT.053 files and GL exports over SFTP. Read-only APIs come next once security review passes. The live demo uses the shared Aster Bank synthetic ledger.
What if Stellitron Intelligence is unavailable?
Every decision still runs through deterministic rules: amount matching, transposition checks, UBO percentage math, screening score thresholds, and flux materiality gates. Optional intelligence only improves extraction and narrative.