Business Details
38 Years
experience
Trusted Fund Administration & Accounting Services in Chicago
Liccar is a full-service fund administrator and certified public accounting firm specializing exclusively in the alternative investment industry. Founded in 1988, we provide comprehensive services including fund accounting, financial reporting, investor services, tax preparation, performance reporting, verification services, AML and KYC procedures, and cash disbursement services. Our expertise spans hedge funds, private equity funds, real estate partnerships, fund of funds, commodity pools, CTAs, CPOs, FCMs, and IBs. Located in Chicago's financial district, our team comprises CPAs, MBAs, MSTs, and CFAs with an average of 15+ years of industry-specific experience.We prioritize best practices, client needs, and cost-effective solutions to help clients focus on their core business. Our flexible business model allows scalable services tailored to each client's unique requirements, with billing typically on an hourly basis. Our professionals bring deep expertise from public accounting, regulatory auditing, and senior roles in asset management firms. We combine experienced personnel with advanced technology to deliver prompt, professional service to a global clientele across multiple regulatory jurisdictions.
Services
Fund Administration
Investor Services
Tax Preparation
Performance Reporting
AML/KYC Procedures
Cash Disbursement
Regulatory Compliance
Financial Audits
Details
- Year established: 1988
Highlights and features
- We have 30+ years of specialized experience in securities and futures accounting.
- Our team includes CPAs and CFAs with 15+ years average industry expertise.
- We offer flexible, scalable solutions tailored to complex fund structures.
- Hourly billing provides cost-effective administration for growing funds.
- We combine public accounting rigor with practical experience from asset management roles.
Services
Fund Administration
We provide comprehensive fund administration services covering accounting, investor relations, and regulatory compliance. Our team handles complex structures like master-feeder funds and private equity vehicles. Clients benefit from customized reporting and scalable solutions tailored to their specific needs.
Tax Preparation
Our certified professionals prepare federal and state tax returns for various fund types. We create standardized templates and complex schedules to ensure compliance. Clients receive expert support for audits and regulatory filings related to tax matters.
Investor Services
We manage investor onboarding, capital account statements, and performance reporting. Our team facilitates new client setup for complex structures. Clients access dedicated support for subscription, redemption, and distribution processes.
Performance Reporting
We deliver accurate performance calculations and verification services. Our systems generate standardized reports while accommodating customized metrics. Clients receive transparent data to track fund performance against benchmarks.
Regulatory Compliance
Our experts handle AML/KYC procedures and regulatory audits. We support compliance with SEC, CFTC, and other jurisdictional requirements. Clients benefit from proactive guidance on evolving regulatory frameworks affecting alternative investments.
People
Michael J. Atwater
Chairman Emeritus
Licensed CPA with 32 years in securities/futures accounting. Specializes in hedge fund financial reporting and complex fund structures since 1992. Oversees audit preparation for diverse fund types.
Donald A. Pizziferro
Principal, Co-Managing Director
32+ years in futures/securities industry. Leads investor services group and handles fund accounting. Expert in audit/tax support for managed funds including commodity pools and fund-of-funds.
Vishal N. Shah
Principal, Co-Managing Director
CPA with 20 years in alternative investments. Specializes in hedge fund accounting, NAV calculations, and tax template development. Oversees system transitions and vendor negotiations for operational efficiency.
Questions
What types of funds does Liccar administer?
We service hedge funds, private equity funds, real estate partnerships, fund of funds, commodity pools, CTAs, CPOs, FCMs, and IBs.
How is Liccar's pricing structured?
We typically charge on an hourly basis rather than basis points, offering cost-effective solutions as funds grow.
What expertise does your team have?
Our staff includes CPAs, CFAs, and former CFOs with 15+ years average experience in fund operations and regulatory compliance.
Do you handle international regulatory requirements?
Yes, we serve clients across multiple reporting jurisdictions with varying regulatory coverage needs.
How do you customize financial reporting?
Our flexible model allows tailored reporting solutions to meet each client's specific operational and compliance requirements.
