Addval BOFI
Investment Funds Back Office
Comprehensive Outsourcing of Investment Funds Back Office Service
We have the technological infrastructure and professionals accredited by CAMV (Committee for Accreditation of Knowledge in the Securities Market). Professional experience in the Back Office processes of General Fund Administrators and Private and Public Investment Funds.
- Accounting and Valuation of Investment Funds
- Regulatory Reports and Oversight Committee
- Financial Reports
- Circulars, Notices, and Regulations from the Financial Market Commission (CMF)
- Register of Contributors
- Sworn Declarations to be Submitted to the Internal Revenue Service (SII)
Investment Funds
Public Funds
Non-redeemable public funds and private funds. Valued funds in pesos, dollars, and other currencies
Feeder Funds
Investment Funds consisting of a master fund and subordinate (feeder) funds, which contribute 100% of their investments to the master fund"
Private Debt
National private debt, participation in national and foreign companies. Statements of debt instruments (promissory notes, private loans, and repos)
Our Partnership with RiskAmerica
Addval maintains a partnership with RiskAmerica, a leading company in financial engineering and provider of a back-office software called Backbone®. This software uses cutting-edge technology to operate investment funds, focusing on process automation, security, and operational continuity. It is specifically developed to adapt to the Chilean market and regulations. This software makes data management efficient by minimizing operational errors, integrating instrument valuation with RiskAmerica, accounting, treasury, participant management, reporting, among others.
Accounting and Valuation of Investment Funds
Accounting under International Financial Reporting Standards (IFRS), calculation of Net Asset Value (NAV) according to the required frequency"
Management of Operations and Transactions
Calculation of Management Fees
Capture of Banking Information and Expense Recording
Monitoring of Expense Accruals
Custody Reconciliation
Bank Reconciliation
Daily Price Control
Position and Transaction Reports
Regulatory and Oversight Committee
- Reports Preparation of Expense Reports
- Support in Preparing Information for the Oversight Committee
- Preparation of Information for the Central Bank; Chapter XII of the Compendium of Foreign Exchange Regulations (CNCI)
- Control and Calculation of the Annual Cost Rate (TAC)
Register of Contributors
- Registration as indicated in General Regulation No. 368 of the Financial Market Commission (CMF)
- Registration and Reconciliation of Contributions
- Registration and Reconciliation of Redemptions and Capital Reductions
Monthly, Quarterly, and Annual Financial Reports
Monthly delivery of Trial Balance, preparation of draft Monthly Financial Statements without related notesMonthly delivery of Trial Balance, preparation of draft Monthly Financial Statements without related notes
Account Analysis (Assets, Liabilities, and Equity)
Prepare information for quarterly submission to the Financial Market Commission (CMF) in the required XML format
Preparation of draft quarterly and annual financial statements, supplementary statements, reasoned analysis, and significant events
Preparation of Notes to the Quarterly and Annual Financial Statements
Tax Sworn Declarations (SII)
Draft of Sworn Declarations No. 1922 regarding Third-Party Fund Information
Draft circulars, letters, and CMF regulations
- General Regulation (NCG) No. 364 for private funds
- Circular Letter No. 512 for public funds, Circular No. 1951, and Circular No. 1965 for public funds with AFP and AFC contributors
- Circular No. 1,174 for public funds, if applicable
Executive team Russell Bedford Investment Funds Back Office
Guillermo Ureta
Founding Partner Leader BPO & Audit
Certified Public Accountant, Duoc UC Professional Institute. Diploma in Negotiation from UAI.
Over 20 years of experience in outsourcing administrative and financial back-office services, private role, and tax compliance.
Currently represents foreign investment companies.
Rossana Vallejo
Lead BPO Partner
Commercial Engineer, Universidad Nacional Andrés Bello. With over 15 years of experience in Financial Statements Audit, Internal Audit, Sarbanes-Oxley (SOX), and Accounting in retail and services sector companies.
She has worked both in Chile and abroad, serving as Audit Director at PwC and as Controller at Walmart Chile.
Giannina Tapia
Back-Office Manager
Certified Public Accountant from the University of La Serena. Specialized in the areas of IFRS, Taxation, and Auditing. CAMV certified for knowledge accreditation in the securities market, with a functional category of General Manager.
With over 13 years of experience in the Back Office area of Fund Administrators, including Larrain Vial and Nevasa.
Alberto Panchana
Tax Lead Partner
Certified Public Accountant from USACH - Master in Tax Planning and Management (UAI). Diploma in International Tax Law (U. Austral de Argentina). With over 20 years of experience in international tax auditing, planning, and consulting.
Former Tax Director in LATAM. Former Audit Director at PwC for over 11 years.