MFACT - Portfolio Accounting System

Pinnacle uses MFACT from LD Services Inc. for all portfolio and general ledger accounting transactions. MFACT is a multi-currency system capable of handling all types of complex investment transactions. Its auto-posting features allow for the automatic importing of transactions, positions, and corporate actions files.

Investment Trading System:

• Full transaction processing of all types of equity and debt securities, options, futures, forwards, asset-backed securities, swaps, repos and many other derivative products.
• Ability to customize securities for unique strategies and investments.
• Maintenance of foreign trades and investments in foreign cash while converting to the base currency for financial statement records.
• Accounting for all types of foreign securities and instruments through automatic conversions and postings of local exchange rates. Trades can be maintained and settled in any currency and correct tax lots can be maintained for each foreign security.
• Automatic downloading of activity from many Prime Brokers allows for the most efficient recording of activity.
• Processing corporate actions (splits, stock dividends, spin offs, exchanges, etc.) while maintaining the existing tax-lot characteristics of the security.
• Accretion and amortization of fixed income discounts and premiums, including OID.
• Automatic accruals of dividends, returns of capital and fixed income interest.
• Support for partial fund liquidations or 'redemptions in kind'.
• Automatic links to pricing sources so positions are priced timely and as often as requested.
• Mortgage-backed securities processing with automated adjustments of accruals for updated factors.
• Multiple banks and brokers can be easily segregated by trades and portfolio reports.
• New issues profit segregation for restriction to certain share classes and/or partnership interests.

• Expenses can be set up as recurring charges which saves time in processing similar entries at each valuation date.
• Fully customizable chart of accounts and posting cross-references.
• Automated mark-to-market general ledger entries.
• Real-time entries to the general ledger with full and extensive drill-down capabilities.
• Support for multiple classes of shares as well as equalization accounting.

• Report 'roll-back' features allow the generation of reports for any prior day.
• Detailed portfolio and transactional reports with powerful drill-down features.
• Compliance reporting features that help monitor investment limits and restrictions.
• All reports are available in many formats including pdf, excel, word, html, rtf.
• Report data can be extracted directly to many applications for further analysis outside of MFACT.
• Numerous reports supporting revenue and expense classifications for year end tax analysis.

• Significant security and audit features restrict user access to certain funds and functions.
• Windows based navigation system creates a user friendly interface.
• Access to underlying data tables for customization of proprietary reports.