Athena Systems, provider of the Aura and Spark portfolio management, trading, risk, compliance and reporting platforms, is launching Athena Spark for Family Offices.
The platform aims to better meet the needs and price-point of the family office community.
“At our beta test sites Athena Spark for Family Offices saved an office 40 to 60 hours per week for trade generation and entry, re-keying of data, updating spreadsheets, running reports, manual compliance testing, reconciliations of positions, trades and cash and report generation. That’s a very compelling time savings for offices that are typically only three to five people,” says Stefano Guarnieri (pictured), managing director at Athena.
Athena Spark for Family Offices meets the emerging regulatory requirements on approved hosting and data security.
Athena and Spark have locally compliant data centres across Asia, Europe and the Americas.
“New for this release is a fully customisable monthly investor report that is independently generated and can be published to investors via web, email or paper,” says Ryan Holmes, product manager at Athena. “Athena includes 100 hours of report development and customisation for every new client on the platform to ensure the report is exactly what is desired by the investors.”
