Phase 1 — Live Now

Run your fund with less
fund admin — or none at all.

Portal, accounting, and quarterly reporting — in one platform, at a fraction of what you're paying now. Built for funds from $2M AUM.

Sign In to Your Portal Request Access

Investor portal + subscription workflow — live now for private funds $2M–$100M AUM.

The Problem

You're paying $4,000+/month
and still doing the work yourself.

Most funds are running a portal with no accounting, a fund admin running manual reports, and a GP who still owns the quarterly cycle. Elm FAS fixes all three.

💸

Two vendors, one problem

Portal: ~$2,000/month. Fund administrator: ~$2,000/month. Neither talks to the other. You're the one bridging the gap every quarter.

🗂️

Manual quarterly cycle

Distribution calculations, capital account statements, LP letters — all done by hand. The fund admin takes weeks. You chase them for the data.

⚙️

You can't configure your own product

Want to update your countersigner's email? Add a team member? Change your onboarding flow? With most portals, that means emailing support and waiting for a callback.

The Solution

Everything you need.
Nothing you don't.

Elm FAS is built in three phases — each delivering standalone value, all working toward the same goal: software that handles what your fund admin bills you for, whether you keep them or not.

Phase 1 Investor Portal

Replace your investor portal. At half the price.

  • LP dashboard — balances, distributions, documents, DRIP status
  • Subscription workflow — invite, KYC, e-sign, configurable approval routing, GP sign-off
  • Data room and document delivery
  • Role-based permissions — GP, LP, broker-dealer, RIA
  • Email blast templates for investor communications
Phase 2 Fund Accounting

Reduce your fund admin bill — or eliminate it entirely.

  • Double-entry GL with capital accounts per LP
  • Quarterly distribution calculations and waterfall logic
  • Management fee accrual and NAV reporting
  • Auto-generated LP capital account statements
  • K-1 prep and tax document support
Phase 3 Quarterly Automation

The quarterly cycle that runs itself.

  • Capital account statements generated automatically from live GL data
  • Quarterly LP letters drafted from fund data — GP adds a message and approves
  • Bank feed reconciliation workbooks generated and ready to review
  • LP questions answered by the platform — GP reviews a daily digest
  • Anomaly detection — distribution mismatches and K-1 errors flagged before they ship
Why Elm FAS

Built for funds that deserve
better than the status quo.

Full-stack at small fund pricing. Self-serve from day one. Built to work with or without a fund administrator.

01

Cuts what you pay two vendors — or both

Portal + fund accounting in one platform. Most funds save $2,800+/month at Phase 2 by reducing their fund admin's billable hours or eliminating the role entirely.

02

Self-serve from day one

Configure approval routing, team members, onboarding flow, and fund-specific settings yourself. No support ticket. No CSM callback.

03

Built by a fund operator

Designed by someone who has run every part of this stack firsthand. No feature requests from hypothetical users.

04

506(c) native

Accreditation verification, general solicitation compliance, and configurable approval routing — built in, not bolted on. BD and RIA countersigner slots available for funds that need them.

Pricing

Transparent. Flat. No AUM games.

One flat monthly fee per fund. No per-LP charges, no AUM-based pricing, no surprises. Annual plans available at a discount.

Phase 1
Investor Portal
$850 /month
  • Investor portal + LP dashboard
  • Subscription workflow with e-sign
  • BD countersigner support
  • Document delivery + data room
  • KYC / accreditation verification
  • Email blast templates
Reduce or Replace Your Fund Admin
Phase 1 + 2
Full Stack
$1,200 /month
  • Everything in Investor Portal
  • Double-entry fund accounting + GL
  • Distribution calculations + waterfall
  • LP capital account statements
  • NAV reporting + management fee accrual
  • K-1 prep support
Phase 1 + 2 + 3
Automation Tier
$1,500 /month
  • Everything in Full Stack
  • AI-powered IR email inbox
  • Automated quarterly cycle
  • Bank feed reconciliation + SOI
  • AI investor letters + LP chat
  • Anomaly detection + flagging

$3,500 initiation fee for new funds — covers setup, COA build-out, and LP data entry. Waived for verified migrations from existing platforms. Annual prepay available: 2 months free.

Early Access

Stop paying for work
the software should do.

Phase 1 is live. Elm FAS is available now for private funds at $850/month. Onboarding is by invitation — reach out to get your fund set up.

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