Troika

Troika is a software solution designed for private client services, fiduciary and corporate services, and family offices. It is suitable for a wide range of company sizes, from small firms to global FTSE 250 companies. According to the vendor, Troika offers functionalities for managing UK trusts, estates, and deputyships, as well as wealth management, entity administration, and compliance.

Key Features

Trust Management: Troika is a private client services software that allows users to manage UK trusts, estates, and deputyships. According to the vendor, it consolidates trust-related data into a comprehensive solution, handling accounts production, form completion, and compliance.

Dashboard Snapshot: Troika's dashboards provide a snapshot of the current status of all trusts and trust assets under management. The vendor claims that these dashboards enable users to stay informed and make informed decisions.

Trust Registration Service (TRS) Compliance: Troika helps users keep track of the information required for the Trust Registration Service, FATCA, and CRS reporting. The software is designed to work with the HMRC's API to simplify TRS obligations, according to the vendor.

Efficient Trust Accounts Production: Troika Accounting can produce both sub-fund accounts and full trust accounts, saving users time in trust accounts production, according to the vendor.

Automated Transactions: Troika Accounting automates repeating transactions such as posting dividends, generating investment income, and calculating daily bank interest, reducing processing time, as claimed by the vendor.

Integrated Tax Calculations: Troika Accounting can calculate Capital Gains Tax (CGT) and Value Added Tax (VAT). It also integrates with Thomson Reuter's Digita for automated completion of the SA900 Trust Tax Return, according to the vendor.

Deadline Tracking: Troika Accounting keeps track of key events and deadlines for trusts, including 10-year anniversaries, key beneficiaries' birthdays, client review due dates, and compliance check expiration dates, as claimed by the vendor.

Entity Administration and Compliance: WealthWorks+ is a web platform for managing trust and entity administration and compliance. It offers comprehensive dashboards for reporting and simplifies compliance, according to the vendor.

CRM and Client Onboarding: WealthWorks+ provides a CRM for all client and corporate records, registers, and relationships. Users can easily onboard clients and manage the client lifecycle, as claimed by the vendor.

Document Management: WealthWorks+ offers an integrated document store facility for managing and maintaining any type of file, including emails, according to the vendor.