At Prospergate Capital Ltd, our clients have the option of having their assets consolidated in one statement according to the time frame that they request to receive these statements. We provide asset consolidation methods that create numerous benefits for our clients, always taking into account diversification in order to reduce risk and boost return potential.
The following are the benefits of asset consolidation:
Reduced costs: By spreading investments among multiple advisors and multiple financial institutions, economies of scale are lost. Consequently, the need to create a consolidated statement.
Simplified administration and consolidated reporting: Bringing together all of the accounts and assets, it will be easier to keep track of the investments, the asset allocation and the overall performance. In addition, the tax preparation and generally accounting fees are reduced, since the time spent to sort out all assets and investments is less.
More efficient retirement income planning: Consolidation enables the more effective management of investments by assisting the client to structure investments that generate retirement income for each and every one’s needs. Different income sources usually cause confusion, therefore if the income stream is consolidated, it is much easier for the advisor to determine and maximize the after-tax retirement income.
Prospergate Capital performs trade by trade monitoring and constructs a complete image of the client’s financial assets. This is the foundation for a detailed qualitative and quantitative statement that is created monthly or upon request. The report includes all types of assets and liabilities, as well as, performance figures for different types of investments.