Three things the license model leaves undone.
Every family that has bought reporting software hits the same three walls. They are not product gaps. They are labor gaps, and no amount of interface solves them.
The private book arrives as paper
Capital calls, K-1s, and valuation reports come by email and PDF. Software can store them. It cannot read them, match them to the commitment, or catch the one that never came.
Under SPaSOur team logs every notice against the fund the day it arrives, and reconciles the quarter when the manager restates it.
Structure changes faster than a data model
Trusts are created, entities are sold, beneficiaries change. Each one is a mapping decision that a license hands back to the family or its accountant.
Under SPaSYou tell your team what changed. They remap the structure and the permissions, and the reporting continues to tie.
Implementation never really ends
A ninety- to one-hundred-twenty-day onboarding is quoted, then the maintenance quietly becomes a permanent internal role, or an unbilled favor from the CFO.
Under SPaSOne month to full integration, then the same team stays on the account. Maintenance is the product, not a phase.
The work moves off your desk.
Same data, same reports, different owner of the effort. That is the whole thesis, and it is the only part a family actually feels.
| Task | License model | SPaS |
|---|---|---|
| Loading the private book | Family or CFO | Abacus team |
| Daily reconciliation | Family or CFO | Abacus team |
| Entity and permission changes | Family or counsel | Abacus team |
| Quarter close and reporting | 45 days, manual | Continuous |
| Cost of growth | Basis points on assets | Flat fee by scope |
If we are the labor, we should be paid for the labor.
Basis points charge you more for a portfolio that grew while the work stayed the same. Our fee is set by what we maintain: entities, custodian feeds, and private positions. You see the number before you sign.
- Entities maintained
- 7
- Custodian feeds
- 14
- Private positions
- 63
- Assets under management
- Not a factor
From authorized access to a live repository, against a typical ninety- to one-hundred-twenty-day implementation.
Trading authority and payment rails held by Abacus. We are the record, never the mover.
The fair objections.
- Does a service model scale?
- It scales the way a private bank scales, deliberately. We price by scope and staff to it, rather than selling seats and hoping the data cleans itself.
- Are we dependent on your people?
- The repository is yours and exportable at any time. The team maintains it, and the structure survives without them.
- We already own reporting software.
- Most clients do. Abacus feeds it, or replaces it, and either way the loading and reconciliation stops being an internal job.
For the first time, the principals and the CPA are reading the same number on the same morning.
- 1
- Flat fee, all in
- 0
- Internal hires needed
- 1 mo
- To full integration
- Daily
- Reconciliation cadence
Judge the thesis on your own data.
Forty-five minutes. We will show you what the first month of service would produce for your balance sheet.