Custodian Interfaces

Custodian interfaces are available at the Professional and Enterprise levels of the software.  These are intended for importing the large volume of data typically associated with the relatively large number of accounts managed by investment professionals.  Some custodians also accept data for import, such as advisor fees and account trades, covered further under the topics Management Fees/Billing and Portfolio Rebalancing.

Data for custodian import interfaces typically are downloaded in file form from the custodian or the custodian's clearing firm on a daily or weekly basis.  The download process often will be accomplished using software provided by the custodian or clearing firm.  Once the data is on the Captools/net server it is then imported using the appropriate custodian interface.  Each interface includes a set of instructions appropriate for that custodian.  Before you use each interface you should carefully read those instructions as the type of data provided varies from custodian to custodian, sometimes requiring different procedures.

Interface Operation - This section covers the basic operation of Captools/net custodian import interfaces when the imports are manually initiated.  Higher versions of the Pro and Enterprise programs can perform these imports automatically on a scheduled basis as described in the topic 

Data Initialization - This is a task that needs to be performed when importing data for the first time on already existing accounts.  Generally this is accomplished at the time of data import by indicating that this is an initialization import. 

Data Reconciliation - This is a task generally performed weekly or monthly to confirm that the Captools/net data that has been imported produces that same share and cash balances as reported by the custodian.  Captools/net provides an easy to use reconciliation table so that you can quickly perform this task.