Business Details
38 Years
experience
Your Trusted Partner for Fund Administration Solutions
Founded in 1988, we are a full-service fund administration and certified public accounting firm dedicated exclusively to the alternative investment industry. Our expertise spans fund accounting, financial reporting, investor services, tax preparation, performance reporting, and regulatory compliance for hedge funds, private equity funds, real estate partnerships, and other complex structures. With a team of CPAs, MBAs, MSTs, and CFAs averaging 15+ years of industry experience, we combine deep technical knowledge with practical insights from former roles as CFOs, controllers, and regulatory auditors.Our flexible, hourly-based model ensures cost-effective solutions tailored to each client's unique needs, supported by advanced technology and a commitment to exceeding expectations through personalized service.
Services
Fund Accounting
Tax Preparation
Investor Services
Regulatory Compliance
Performance Reporting
AML/KYC Procedures
NAV Calculations
Audit Support
Bank Services
Portfolio Reconciliation
Details
- Year established: 1988
Highlights and features
- 32+ years of specialized experience in securities/futures industry
- Customizable financial reporting solutions for complex fund structures
- Hourly billing model ensures cost-effectiveness for growing funds
- Team includes CPAs, MBAs, and former regulatory auditors
- Proven expertise with master-feeder, private equity, and commodity pools
Services
Fund Accounting
We provide comprehensive fund accounting services including NAV calculations, fee computations, and financial statement preparation. Our team handles complex structures like master-feeder and private equity funds, ensuring accurate reporting aligned with offering documents. With expertise in QuickBooks implementation and portfolio reconciliation, we deliver reliable financial infrastructure for alternative investments.
Tax Preparation
Our tax services cover federal and state returns for partnerships, corporations, and individuals within the alternative investment sector. We support audit compliance, custody audits, and RIA reviews while maintaining strict adherence to regulatory requirements. Our team prepares specialized tax templates and ensures accurate reporting across multiple jurisdictions.
Investor Services
We manage subscription/redemption documentation, AML/KYC procedures, and secure investor portal access. Our services include dual-control disbursements, document verification, and OFAC compliance across various jurisdictions. The investor services team acts as a liaison between fund managers and stakeholders, ensuring smooth operational workflows.
Performance Reporting
We generate GIPS/CFTC/NFA-compliant performance records, advisory fee billing, and hypothetical performance scenarios. Our reporting includes benchmark comparisons, tear sheet preparation, and customized investor statements with portfolio analytics to support marketing efforts and regulatory disclosures.
Regulatory Consulting
Our regulatory consulting covers audit support, disclosure document preparation, and compliance with securities/futures regulations. We assist with RIAs, custody audits, and special reporting requirements, leveraging deep industry knowledge to help clients navigate complex regulatory landscapes.
People
Michael J. Atwater
Chairman Emeritus
Licensed CPA with 32+ years in securities/futures industry. Specializes in hedge fund financial reporting, audit preparation, and complex fund structures including master/feeder and private equity funds. Provides tax compliance expertise.
Donald A. Pizziferro
Principal, Co-Managing Director
32-year industry veteran overseeing investor services and client relations. Expert in fund accounting, audit support, and complex financial structures including commodity pools and fund-of-funds. Former compliance supervisor.
Vishal N. Shah
Principal, Co-Managing Director
CPA with 20+ years in alternative investments. Specializes in hedge fund accounting, NAV calculations, system transitions, and tax template development. Holds MBA in Finance and extensive technical implementation experience.
Questions
What types of funds does Michael J Liccar specialize in?
We specialize in hedge funds, private equity funds, real estate partnerships, fund of funds, commodity pools, CTAs, and FCMs with complex structures.
How does Michael J Liccar's billing model work?
We charge on an hourly basis rather than basis points, providing cost-effective solutions that scale with your fund's growth.
What sets Michael J Liccar apart from other fund administrators?
Our team combines public accounting expertise with former CFO/controller experience, offering personalized service and technical depth in alternative investments.
Do you handle international regulatory requirements?
Yes, we serve clients across multiple reporting jurisdictions with varying regulatory coverage requirements.
What technology platforms do you use?
We utilize advanced portfolio management software, data analytics tools, and secure web portals for investor reporting and document access.
