Bookkeeping and Accounting for Investment Advisors

At Bench Accounting, we offer a full suite of accounting services tailored to meet the needs of investment advisors. Our services include cash flow analysis, financial statement preparation, and tax planning and preparation. But beyond these standard accounting services, we also provide industry-specific features like investment tracking and financial forecasting. Our goal is to make sure your financial records are organized and up-to-date, so you can focus on advising your clients. Plus, our team stays current with financial regulations, ensuring your practice is compliant with all laws and guidelines.

Bench Accounting offers comprehensive bookkeeping services that are well-suited to managing multiple client portfolios and investment transactions. Our platform provides you with a team of experienced bookkeepers who work with you to understand your financial situation and client portfolios. We use sophisticated cloud-based software to track and record all transactions, providing you with monthly income statements and balance sheets.

You can also view your financial information at any time, providing an instant overview of each client portfolio. This real-time access allows you to make informed investment decisions, and ensure you are meeting your clients' objectives. Plus, at the end of the year, Bench provides a year-end financial package that contains everything you or your accountant would need to file income taxes.

With Bench, you can save time on bookkeeping, and focus on managing your clients' portfolios and finding valuable investment opportunities.

As an investment advisor, there are several tax considerations to keep in mind. These may include handling income from various investment types, managing capital gains taxation, keeping track of investment-related expenses for deductions, and understanding the implications of tax-loss harvesting. International investments may also introduce additional tax complexities.

Our bookkeeping services at Bench Accounting can greatly assist in managing these concerns. Our experts stay abreast with the latest tax laws and strategies relating to the investment industry. We meticulously track your income and expenses to ensure every report is accurate and up to date. Also, our team assists in preparing and filing your tax returns, ensuring that you leverage all the possible deductions to minimize your liabilities. Additionally, our services offer tax forecasting to help you understand your possible tax obligations and plan for them efficiently.

By partnering with us, you not only get a clearer financial picture but also obtain more time to focus on advising your clients and growing your business instead of worrying about bookkeeping and taxes.

Nope! All bookkeeping is completed in-house.

Your bookkeeper will be your main point of contact, but at times you might hear from another member of your team. This is usually when your bookkeeper goes on vacation, is sick, or otherwise unavailable.

We handle the bookkeeping for you but sometimes we’ll need your input, especially at year-end. On average, expect to spend 15 minutes each month answering questions for your bookkeeper, or uploading supporting docs.