Based on an interview with Ryan Kerry, founder and CEO of Accusource LLC.
Site: www.accusourcellc.com
Founded: 2008
Clients: RIAs, hedge funds, family offices, asset managers
Value proposition: Support of data processing, performance and reporting needs
The executive team: Ryan Kerry, founder and CEO
Belinda Micu, Chief Business Officer
June Scanlon, Chief Operating Officer
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Accusource is a service company involved in outsourcing solutions for investment firms. Accusource solutions include back-office reconciliation, statement digitization, integration to the general ledger, portfolio accounting, and performance validation. Accusource LLC was established in 2008, but its co-sourced teams have experience in the industry dating back to 1986. For client companies, it’s practically impossible to train staff the way that Accusource can, regardless of their AUM.
Ryan Kerry started as a bond trader in the mid to early 90s. Then he moved over to Advent for eight years, taking on various roles including consulting and custom development. In 2006, he moved over to SS&C to manage their outsourcing team. In 2008, he started Accusource with a focus on doing back office on the Advent platform. Today, Accusource has expanded its offerings from just running Advent Axys Apx for clients and now also functions as a staffing service.
In this post, we’re going to describe Accusource’s services in more detail to understand what makes them unique, how the company is organized, and what drives its success.