Sharpfin as a depot system

Bring all your business processes together in a single system

By using Sharpfin as a depot system, you can realise a range of efficiency benefits by consolidating all your business processes into a single system. Sharpfin’s modular platform provides you with all the tools you need, including a comprehensive order management system, risk control, asset management tools, a client register, anti-money laundering controls and reporting.

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More than just a depot system

Asset managers with their own custody licence can now use Sharpfin’s solution to consolidate all their business processes within a single system. This reduces business risk, frees up resources and enables a larger volume of assets under management to be managed with the same number of staff.

Comprehensive portfolio management system: supports the entire asset management process from start to finish.

Order Management: Seamless integration of trading platforms and order lifecycle management

Customer portal: fully customisable and branded to suit your business, for professional communication

Digital KYC and compliance: streamlined customer onboarding processes that ensure secure compliance.

Transaction processing: Efficient tools for booking corporate actions and other transaction management

Reporting: Fully integrated support for tax reporting and all regulatory reports

Your competitive advantages

✔️ Improved cyber security
 – fewer interfaces reduce the risk of breaches

✔️ Robust system
– a group of systems is only as strong as its weakest link

✔️ Less manual work
 – no more cut-and-paste processes between systems

✔️ Frees up time for what creates value
– managing capital efficiently

How Sharpfin works as a custody system

✔️ Up-to-date security data
 – always updated from relevant data sources

✔️ Booking of corporate actions
 – seamless management across the entire client base

✔️ Efficient reconciliation
 – quickly identify discrepancies against trade notes and omnibus accounts

✔️ Fully integrated tax reporting
 – support for all relevant KU reports

✔️ Integration of insurance wrappers
 – account and capital insurance via Futur

Compare Sharpfin with other solutions

Sharpfin

149 /month

Traditional solution

8 /month

Sharpfin

Traditional solution

Features
Corporate Actions
Time-consuming and uncertain
Limit control and transaction monitoring
External system
Reporting
External tools
Customer Portal
Integration is required
KYC/AML
Often a third party
Reconciliations
Automated
Manual

Why Sharpfin?

Sharpfin_Order
All business processes in the same custody system

Save a great deal of time and reduce administrative work whilst improving quality by bringing all your business processes together in a single repository system.

Sharpfin_Implementation
Effective reconciliations
Smooth reconciliations with brokers and custodian banks thanks to automated workflows and integrated trading.
Sharpfin_WealthAdmin
Automated regulatory reporting

Fully integrated reporting compatible with the relevant regulatory interfaces, which simplifies compliance.

Sharpfin_Risk
Efficiency and precision

Streamlined workflows reduce manual tasks, resulting in greater precision and improved scalability for discretionary and advisory asset managers with their own custody accounts.

FAQs

Sharpfin has been developed in collaboration with leading asset managers in Sweden. Here you will find frequently asked questions about Sharpfin. Please contact us if you have any further questions or require further information.

  • Is Sharpfin really a custody system?

    Yes, although several of our clients have underlying investment accounts with, for example, Nordnet and Avanza, Sharpfin is fundamentally built on a fully transaction-based model and calculates both returns and asset allocation directly from the transactions within the system. Unlike most other investment account systems, Sharpfin includes tools for managing not only the investment accounts but all aspects of the asset management process.

    Some competitors market themselves as custody account systems despite lacking transaction processing capabilities.

  • How are corporate actions handled?

    With Sharpfin’s corporate actions module, you can easily schedule all types of corporate actions and have them distributed directly across all your custody accounts. A user-friendly interface is available for managing these and for subsequently adjusting cost bases in the event of, for example, spin-offs.

    Competitors sometimes manage corporate actions in isolation within other systems, which results in a great deal of extra manual work.

  • Is the reporting automated?

    Yes, Sharpfin offers fully integrated and automated reporting.

    Competitors often need external tools to meet the same requirements.

  • How secure is the platform?

    Sharpfin reduces risks through fewer interfaces and high levels of cyber security.

    Competitors often have more vulnerabilities due to separate systems.

  • Is the system easy to use?

    Yes, the platform is designed to enable intuitive workflows and reduce the amount of manual work.

    Competitors often use legacy interfaces that are more time-consuming.

  • Why are integrated customer due diligence and anti-money laundering controls important?

    Sharpfin decided at an early stage to integrate all anti-money laundering processes into the customer onboarding process. This enables checks to be automated in a completely different way than if they were housed in an external system, and the system can quickly – as part of the order flow – respond to trades that deviate from what was agreed with the client in the know-your-client process.

    It is not uncommon for asset managers to use separate systems for order processing, asset management, customer due diligence and anti-money laundering processes. This leads to late detection of regulatory breaches and increases the manual workload.

  • Do I have to build my own customer portal?

    As a custodian, there is no other system available to give clients an insight into their asset management. But the answer to the question is No! Sharpfin provides a module with integrated BankID login that can easily be customised to match the custodian’s visual identity.

    Many custodians choose to build their own client portal, which may seem like a limited initial cost. However, the cost lies in keeping it up to date and active over time.

  • Can I offer customers different insurance packages?

    Yes, Sharpfin provides ISK and ‘bare’ custody accounts as standard. Insurance wrappers are provided seamlessly integrated with Futur.

  • What reporting requirements do fund managers have?

    Custodians are subject to extensive reporting requirements, including reporting relating to their custodian licence, CSR, FATCA, SFDR/PAI sustainability reporting, and MiFIR/MiFID-related transaction and transparency reporting, in addition to local regulations.