Smith Affiliated Capital (SAC) recently implemented QED Financial Systems for its portfolio management, accounting, and auditing processes. QED is a system that was originally designed for and with the State of New Jersey pension system. As a result, it represents one of the most robust fixed-income capabilities available today and is now offered on a most cost-effective basis. In addition, it provides an integrated portfolio management system that will give SAC a competitive advantage: extensive reporting, custodian interfaces, and customized processing that will allow us to serve our clients in a more timely and effective manner.

Features include:

• Account consolidation for a variety of reporting options


• Custodian interfaces for automated transaction processing


• Performance measurement on all accounts and/or security levels on a daily, monthly, quarterly, and annual basis


• Compliance reporting for tracking managed trading


• Graphical and/or PDF reporting for clients


• Client billing based on tiered market values


• Cash-flow processing for estimating cash requirements


• Automatic and manual pricing for market values


• Extensive history for comprehensive audit trail


• Tax lot and average cost accounting allows for amortization


• Interest processing for accruing daily or monthly


• Corporate actions for automating transactions at a security level

The QED portfolio accounting system currently has interfaces with over two dozen financial institutions. These interfaces consist of electronically processing transactions, adding new securities, pricing securities, and comparing positions to ensure that they match between the system and the institution.

SAC's long history of technological innovation and support keeps our clients ahead of the curve with their investment portfolios. But we want you to think of our client service on the same level as our technology. We are entirely focused on the client: listening to client issues and challenges and meeting those challenges with products, services, and resources unmatched in quality and functionality.


John K. Smith
Chief Operating Officer/Compliance Officer
(646) 825-2121
jsmith@smithcapital.com