Entity Structure
Jun 28, 2024
A typical setup in Collation (in order of hierarchy) is as follows:
it is the party that contracts with Collation and gets its own segregated database
typically, this is a Wealth Manager, MFO or a SFO
These are clients of the subscriber
e.g. multiple families in case of a MFO, a single family in case of a SFO
their data sits inside the Subscriber database but separete from other Organizations
Each Organization has multiple entities
these can be persons, trusts, corporates etc.
Entities can own all or part of other Entities
Entities can also own all or part of Portfolios
All assets are stored here (inside the relevant Currency Account)
Each Portfolio is owned by at least one Entity
Each Portfolio can have any number of Currency Accounts
A sample Setup
Acme Wealth Managers is a Multi Family Office that manages the wealth of a group of families / corporates. Their setup is illustrated in the diagram below.
Here Acme is the Subscriber
A Subscriber is the party contracting with Collation for Software Services (and will be paying the subscription fees charged by Collation)
Acme, being a subscriber, gets its own individual database in Collation
and Admins appointed by Acme get full access to all data in this database
Acme has appointed 2 people (Darryl Tuff and Loraine Bain) as admins to their database
In ‘Collation Speak’, Darryl and Loraine are Subscriber Admins
They get access to the entire database across all of Acme's clients
Acme has 4 clients
these are the Smith Family, the Bennett family, the Armstrong family and the Howard family
Each such client is called an Organization
Each Organization's data sits inside the Subscriber's database, but is segregated from data of other clients
Ivy Mercer is a Relationship Manager at Acme
She covers Organization 1 (the Smith family) and Organization 3 (the Armstrong Family)
Therefore Ivy only gets access to these two organizations (and not to other clients)
Smith family has 3 family members
these are Daniel Reuben, Emma Townsend and Martin Townsend
each of them are an ‘Entity’
Daniel, Emma and Martin own other Entities
e.g. they jointly own Wonder Investments Llc which is also an Entity
Wonder investment in turn owns 3 Private Equity Portfolios
Daniel, Emma and Martin also own some Portfolios directly
e.g., Daniel owns Bank Account 89655 at JP Morgan
Individual family members in various Organizations can also be configured to login to Collation and see all or part of their Organization's data
or they can rely on their Relationship Manager to generate their reports for them