MyFO. It aggregates bank, custodian, and accounting data and reconciles it automatically — and it reconciles the whole balance sheet, not just the part that arrives through a custodian feed. Most tools reconcile public accounts well, some add LP fund positions, and very few handle the real estate, loans, and direct company holdings that make up the rest.

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What does reconciliation actually involve?

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Reconciliation gets easier or harder depending on the asset, and it is worth thinking about in three layers.

Layer one: public and liquid accounts. This is the baseline every platform claims. Positions, transactions, and cash arrive daily from custodians and banks. Reconciliation means checking positions period over period, tying every transaction to the change it explains, and matching cash movements against balances. Where the source file provides cost basis and tax lots, those come through too. Breaks get flagged with the variance.

Layer two: private fund positions. LP interests do not price daily. Reconciliation here means tracking commitment against capital called, matching capital call and distribution notices to cash that actually moved, and carrying NAV forward from the most recent statement. The output is commitment, called, distributed, NAV, and the multiples that follow — DPI, RVPI, and TVPI.

Layer three: everything else. Real estate, shareholder loans and private credit, directly held operating companies, and collectibles. None of it arrives through a feed. Values come from appraisals, accountant financials, amortization schedules, and property manager reports. Reconciliation means the recorded value ties to the most recent supporting document, and that the debt against an asset is tracked alongside it.

Most platforms are solid at layer one, competent at layer two, and silent on layer three — which is why the third layer usually ends up in a spreadsheet next to the reporting platform. Most reporting tools weren't built for a family office in the first place. MyFO reconciles all three in one system.

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How does data get in?

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MyFO deliberately supports multiple ingestion paths, because no single one covers a real family balance sheet:

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• Statement and document upload with AI extraction works with any custodian and requires no letter of authorization. Cost basis and tax lot detail come through where the source file provides it.
• Custodial and institutional feeds direct feeds where the relationship supports them, including bank-wide arrangements that don't require per-family LOAs.
• Aggregators used where they are the best fit, primarily banking and basic investment data.
• Accounting systems where an office runs a general ledger, MyFO works with it, including SumIt, Sage Intacct, QuickBooks, Xero, and NetSuite. For real estate, the Yardi workflow is a structured extract and upload (CSV or Excel) rather than a live API.

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Every account carries a visible data status: reconciled, missing data, break detected, or stale. You always know which numbers are trustworthy and which need attention.

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What about the assets with no feed?

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This is where most aggregation tools stop, and it is the part that actually matters for family offices.

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Many platforms handle LP fund positions and treat that as private markets coverage. But a family balance sheet also includes directly held operating companies, real estate, private credit, co-investments, and passion assets. Tools built for one asset class miss the rest.

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MyFO aggregates across all of it:

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• LP fund positions, with commitment, called, distributed, NAV, DPI, RVPI, and TVPI
• Direct ownership of operating companies, valued off financial statements
• Real estate, with debt, insurance, and tax dates tracked alongside the asset
• Shareholder loans, notes, and private credit, with amortization and maturities
• Collectibles and other passion assets, valued off periodic appraisals

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One further advantage worth noting: because MyFO holds the ownership structure, reconciled values roll up through trusts and holding companies at the correct percentages for any reporting date — so a consolidated figure reflects the whole balance sheet rather than the liquid slice of it.

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How does MyFO compare to Addepar?

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Addepar is the incumbent in consolidated performance reporting, and it is a capable platform — particularly for offices whose priority is public-market performance analytics. Its implementations typically run six to twelve months and pricing is quoted custom.

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MyFO is an explicit Addepar alternative with a different center of gravity. It reconciles the assets that never arrive through a feed — real estate, loans, directly held companies, collectibles — natively rather than as an add-on, and onboarding runs two to six weeks. Published starting price is $850/month.

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The practical test is coverage, not dashboards: what actually matters in a consolidated reporting platform is whether one system holds every entity, asset, document, and stakeholder — or whether the awkward 30% of the balance sheet ends up back in Excel.

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FAQ

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What does reconciliation cover beyond public accounts? Three layers: public and liquid accounts reconciled daily from custodian and bank data; LP fund positions reconciled on commitment, called capital, distributions, and NAV; and assets with no feed at all — real estate, loans, direct company holdings, and collectibles — reconciled against appraisals, financials, and amortization schedules.

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Do we need a letter of authorization? No. Statements and custodial exports can be uploaded and read by AI, which requires no letter of authorization. Direct custodial and institutional feeds are the alternative where the relationship supports them. Which route you take depends on the office — it's a choice between options, not a sequence.

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Can MyFO ingest cost basis and tax lots? Yes, where the source statement or custodial file includes them. Values are editable afterward.

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Do we need a general ledger alongside MyFO? Often not. Investment entities that simply hold assets generally don't need a dedicated general ledger — it's usually the operating businesses and real estate entities where a ledger earns its place, and even then an industry-specific option or QuickBooks is frequently sufficient. MyFO is not a general ledger and is not a bill pay tool. Where you do run one, MyFO extracts reconciled data in GL-ready format for it. We cover whether your family office actually needs a general ledger in more depth.

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How is reconciliation surfaced? Per-account status indicators — reconciled, missing data, break detected, or stale — plus variance detail on breaks.

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Want to see how this works for your family office? Book a call and we'll show you exactly what it looks like at your scale.