The Formidium team consists of highly qualified and experienced professionals, many with over 20 years of deep industry knowledge in both fund administration and technology.
Seamless Solutions , our proprietary end-to-end technology solution, is what sets us apart. Seamless Solutions is a full-scale general ledger fund accounting and reporting solution capable of processing high-frequency trading volumes to deliver timely NAV for hedge funds, digital asset funds, SPVs, quant funds, mutual funds, private equity funds, impact funds, commodity pools and mortgage funds. Both Formidium operations, and technology are SOC 1, SOC 2, and SOC 3 audited, and we employ over 1000 industry experts across our four global offices.
We take significant pride in our partners and the clients with whom we work. Connecting with our clients and addressing their needs is our priority, and we are available to provide timely support and assistance around the clock.
The Seamless Experience
Formidium’s edge in the industry is Seamless Solutions, our proprietary state-of-the art web-based fund administration software, built by fund administration veterans. Seamless Solutions simplifies your back office by combining multiple programs into one; allowing trades, accruals, and transactions to be uploaded in minutes, generating easy-to-read daily reports. As part of our standard package, clients receive a daily NAV calculation, online access to investor and client web portals, as well as the ability to make investor subscription documents digital and utilize electronic signatures. We provide a client contact representative and access to our operations team for round the clock support.
Fund Administration Made Easy
Our Seamless technology solution was built by fund administration veterans specifically to work with all types of funds, including hedge funds, private equity funds, credit funds, mutual funds, digital asset funds, commodity funds, and many, many more. We have broad capabilities and expertise with all financial instruments, including equities, fixed income, options, futures, swaps, and every other form of asset or derivative. Seamless Solutions is a multi-currency platform that allows investment reporting in any currency, including digital assets.
No more stress and headache with on-boarding. All clients are onboarded in 14 days or less. We try to make this process as easy as possible for our clients and their investors. In the case of conversions of existing funds from other administrators we work with our client and their outgoing provider to gather, transform, load and validate all historical activity for the Fund. The speed of our platform and experience of our team allows us to load all history in a fraction of the time it takes other administrators.
Exceptional Investor Experience
Daily returns, fund reporting, investor statements and tax documents are all available on a white-labeled investor portal, allowing our clients to provide institutional-level service to their investors at a fraction of the cost. Our CommonSubDoc proprietary application makes fund investors life easier by digitizing the process allowing them to easily e-sign their subscription and redemption documents.
Our people are our greatest strength. The founding members and management team average 15+ years’ experience in fund administration and investments. We strategically recruit fund administration and technology professionals who come from both large, bank-owned administrators as well as small, boutique fund administrators to round out our accomplished staff.
On Time, Every Time
Every client is a valued client. Through the power of automation, daily NAV means daily reports for our clients and on-time statements for their investors. Month-end statements are sent within five business days.
SOC 1, SOC 2 & SOC 3 Certified
Our fund services operations are SOC 1 Certified. Seamless Suite and CommonSubDoc are SOC 2 & SOC 3 Certified. Our SOC 2 audit covers cybersecurity testing, DR site testing, data backups, and other similarly important aspects of our tech infrastructure.