Q&A with Michael Von Bevern of Socium Fund Services

Indeed, family offices do have unique support scenarios in many cases, depending on how they’ve structured their operations and what they’ve invested in.

We are a team of experts with broad asset expertise, dedicated to providing our clients with the highest touch, boutique style offering that caters to their back and middle office support needs.

Family investment operations are more like those of private funds than they ever were before. Internal teams are investing in direct deals to save on fees and launching their own funds at a record rate, often reporting to multiple family members or other family office investors.

Such activities require the proper support from a thoughtful operator and knowledge partner like Socium, that is intent on superior client service and has the best technology, like automated waterfall and carry modeling tools for example, to get the job done accurately and efficiently. We are committed to creating bespoke and fully custom service models for each client. If a client requires waterfall only calculations, we can be engaged just for that.

We have deliberately minimized the degree of separation between client and provider to almost nothing. Our entrepreneurial culture is based on the following core principles, enabling an internal ownership of our work like that of a direct hire:

Integrity – We operate with the utmost integrity and ethical standards. Additionally, the information entrusted to us by our clients is our foremost concern.

Commitment – We are committed to doing our very best in helping our clients become successful. We are committed to best practices and exceeding industry standards.

People & Partners – We treat all our employees and clients as partners. We believe in sharing our success with our people and that they reap the benefits of their efforts.

Fairness – We believe in building trust, in being fair, honest and transparent. We do not believe in overcommitting and creating false expectations. We believe that a true partnership is one that is valued by both Socium and its clients.

Innovation – We believe in constant evaluation of our business model and how we provide our services to our clients. We believe strongly in leveraging technology to perform routine tasks and allowing our human resources to become value‐added partners with our clients.

Accessibility – We believe in accessibility and proximity to our clients. We are committed to operating close to our clients and above all to always be accessible.

Respect – We respect our employees, contractors and our clients and operate in an ethical manner that begets trust and long‐term relationships.

Collaborative – First and foremost, we believe in solving problems. We work tirelessly with our clients to ensure they have the support they need to maximize their chances for success.

Forward thinking – We are innovators and will continue to challenge the status quo for the benefit of our clients and team.

As an owner operated and independent business we are open to building relationships and often discuss special projects with LPs and GPs to see if there is a way that Socium can alleviate some pain point for them. Some of the bigger projects we have worked on related to advisory work in the context of best practice studies and operational platform initiatives.

Feel free to contact us with what I call ‘people, process and technology’ engagements, as we are familiar with most technology platforms in our realm and we’re wedded to the most appropriate course of action for our clients.