The middle office for independent asset managers.

TAC runs automated processes and reporting including trade monitoring, reconciliation, accounting and compliance for SFC-licensed firms. Qualified people review the exceptions and stand behind the result.

See the modules

10 yearsrunning operations for asset managers in Hong Kong

23 custodiansand brokers whose statements TAC can read

US$3.3bnof client assets checked by TAC

62,117bank statements read and checked

25,267trades reconciled with the bank

17 testscompliance checks, run on every transaction

The obligation

One firm. Eight Core Functions. A few people.

Since April 2017, the SFC has asked every licensed firm to name one person in charge of each of eight Core Functions. That person answers to the board and to the SFC.

01Overall management oversight

02Key business line

03Operational control and review

04Risk management

05Finance and accounting

06Information technology

07Compliance

08AML / CFT

The gap

Your managers know the job. They just do not have the tools.

A small firm cannot hire eight specialists, or buy the systems a big bank uses. So a few people do every job, with spreadsheets and checks by hand. TAC gives them the tools.

Modules

Take one module, or the whole middle office.

Each module is software, a service, or both. Each one costs less than the person it helps. Open a module to see what it checks.

Reconciliation

We match your positions, cash and trades with every bank, every day.

Module 01

Accounting

Fees and books kept up to date for every client and every fund.

Module 02

Compliance monitoring

Every transaction checked against the rules. Problems go to a named person.

Module 03

Retrocession

Fees that banks pay back to you, worked out, tracked and reported to clients.

Module 04

Approvals

A second person signs off every key step. We record who signed and when.

Module 05

Risk management

Portfolio risk on one page, so senior management can see it.

Module 06

Regulatory filings

Returns built from checked data, ready for your principals to sign.

Module 07

Audit logs

Every check, change and sign-off saved in a record the SFC can read.

Module 08

RM Dashboard

Every morning, each relationship manager sees how the news touches their own clients.

Module 09

Annual notices

Professional investor notices made, approved and sent for every client, every year.

Module 10

Technology

System Intelligence

1Intelligence Framework

Our intelligence framework reads statements, agreements and term sheets, including scanned PDFs and turns them into analytical data.

2Rules decide

Pass or fail is decided by written rules, not by a large language model. The same input always gives the same result.

3The null test

Every read is checked against a second, independent number, such as the total printed on the statement. If the two do not cancel to zero, the file is held.

4People sign

A qualified person reviews every exception. Your principals keep the final sign-off.

Each firm gets its own server and its own database. We never mix your data with anyone else's.

We do not use your data to train any model.

Your data stays in Hong Kong, or in your own cloud account if you prefer.

We also shape the service to fit how your firm works, not the other way round.

How it works

Every source and data point checked and verified

An External Asset Manager never holds client money. The data sits with the banks, the product issuers and in client emails. TAC pulls it all into one place and checks it before anyone uses it.

Step 1Sources

Banks, product issuers and client emails.

Step 2Atlas database

Everything sorted into one place.

Step 3The framework

Our rules and engines, built over ten years of running asset managers' operations.

Step 4The check

Every transaction is checked. Anything odd goes to a person.

Step 5Outputs

Management reports, regulatory filings and audit logs.

Step 6Human monitoring

Our people review the results. Your principals sign off.

Screenshot to add

Account Monitor

Every account, every limit and one AUM number, on one page.

Screenshot to add

Reconciliation

Bank statement lines next to your books, with every difference named.

Custodians

Tried and Tested Against Real Statements.

We read PDF, CSV and XML statements from these banks and brokers. A new bank needs one new reader, tested the same way as the rest.

ACP Securities
Bank of East Asia
Bank of Singapore
BNP Paribas
CA Indosuez
CITIC Securities (CSIWM)
Citco
DBS Private Bank
Deutsche Bank
EFG
Endowus
Guotai Junan (GTJAS)
HSBC
JPMorgan
Julius Baer
KGI
Leonteq
LGT
Standard Chartered
UBS
Union Bancaire Privée
UOB Kay Hian
Vontobel

List to confirm before publishing. KGI reads for one tenant only today.

Who it's for

Built for the licence you hold.

Each licence has different rules. So each one needs a different set of modules.

SFC Type 9 · Asset managers

External asset managers and discretionary managers.

See the page →

SFC Type 4 · Advisers

Firms that give investment advice and must show it suits the client.

See the page →

SFC Type 1 · Brokers and dealers

Firms that buy and sell securities for clients and keep a trade record.

See the page →

Family offices

Families with money at several banks.

See the page →

Assurance

We sell assurance, not software.

Software+People=Assurance

Software checks every transaction the same way, every time. Experienced people bring judgment. Together, your firm is ready for an audit on any day.

Every transaction checked

We check every trade, not a sample. Nothing gets through unchecked.

A named, qualified team

Compliance and operations people who have done this job inside licensed firms.

Built on the SFC's rules

Every check links to the SFC's Internal Control Guidelines, so the regulator can trust the result.

You keep the sign-off

We do the work and stand behind it. Your principals still give the final sign-off.

Pricing

Save Costs

Our modules are priced to help save costs.

TAC moduleCost of the staff it supports

Reconciliation

vs operations clerk

HK$198k

HK$600k

Accounting

vs accountant

HK$178k

HK$540k

Compliance monitoring

vs compliance officer

HK$240k

HK$720k

Example yearly figures. Custom builds are priced on the value they create.

Option A

Software only

Your team uses the modules. We look after the system and the checks.

Option B

Fully run by TAC

Our team does the work for you. You keep the sign-off.

Insights

Regulatory Pulse

A monthly digest of circulars, consultations and enforcement notes published by the SFC and highlights for an SFC-licensed firm. Written by the compliance team, not by a model.

The founder

Why I built TAC.

Many moons ago, I was a COO. My week went on chasing service providers: an administrator here, a software vendor there, a consultant for the bits in between.

Each one sold me the service they wanted to sell. Not the service I needed. Every contract fitted their roadmap, their pricing and their investors. My firm had to bend to fit them.

So I built the opposite. TAC fits around your firm: your banks, your rules, your way of working. It answers to its clients, not to a sales target or an investor deck.

Julian Lim, Founder

Tell us about yourself

Tell us about your firm. We will show you how TAC would check it, one module at a time.