Outsourced Back Office

Running a brokerage firm is difficult. Fortunately, Maracuya can help offload tasks to allow you to focus on building your business and serving your clients. We offer a highly competitive, cost-effective outsourced back office and financial accounting services to meet these goals. Over half of our clients avail themselves of these services.

• Back office outsourcing. Our dedicated team of brokerage and asset management back office professionals can take over tasks such as:
  • Trade Reconciliation. We balance your counterparty and custodian transactions against those instructed through the system, identifying and rectifying any discrepancies.
  • Securities Holdings Reconciliation. After reconciling trades, we verify that the holdings in the system reflect those in the real world. Any differences are researched and rectified.
  • Cash Balance Reconciliations. In our experience, counterparties often charge unexpected fees or slightly different commissions from those published. This can lead to frustrating cash imbalances. Our team are specialists in dealing with and rectifying such situations.
  • Instruction Handling. Working with your authority with your counterparties and custodians, we can set up instructions for you to authorize. This takes the manual and error-prone process of typing in these instructions, while you still maintain the final authority to review and submit them.
  • Monthly and Yearly Period Closure. A best practice in the brokerage and asset management accounting industry is to close periods monthly and yearly. To do so requires executing specific steps at the end of each period, then providing revenue and cost numbers for financial accounting. Our team have been executing this process for over a decade with multiple firms. You can rely on our expertise to make sure the numbers are produced on time, every period.
• Financial accounting. At the end of a period, your firm probably needs to produce un-audited financial statements. Maracuya’s team of Certified Public Accountants can take on this task from you, working with either your back office or our outsourced team to produce accurate un-audited financial statements on time, every period.

Our fees for these services depend largely on the size and complexity of your operation. We would be more than happy to work with you to find a solution that fits your specific needs.