Troika

Troika is wealth management software built according to its vendor, for family offices, private client teams and offshore trustee firms. The work it targets is the preparation and upkeep of trust accounts, which in many firms involves keying the same figures into several systems.

Automating trust accounts

The vendor says Troika streamlines processes by reducing duplicated data and by fully automating production of trust accounts. The aim is to save time and money for the practitioners who prepare them.

Connecting to existing tools

Troika can be linked to a firm's existing tax software and to data feeds, so information already held elsewhere does not need to be entered again. Reports can be output to Microsoft Office, which lets users shape them into customised layouts for clients and colleagues.

Compliance

Troika is also positioned as a way to reduce compliance risk, and it assists with FATCA reporting obligations, which matters to offshore trust companies and private client teams handling cross-border structures.