The middle office big funds pay six figures for - built from the emails your fund already receives.

Daily NAV verification, independent per-class NAV recomputation, reconciliation with a break queue, investor and fee intelligence, regulatory working papers - assembled automatically from the reports your administrator, brokers and transfer agent already send. Nothing installs. Live in 48 hours.

Explore the live demo Book 30 minutes Free pilot month
±0.2bppublished NAV vs independently recomputed - per share class, every day, from the fund's verified fee schedule
60+automated controls re-run through the day - 5,000+ results a month, silence when green, one named alert when not
48 hrsfrom one forwarded email per provider to your own numbers on screen - onboarding is a configuration file, not a project

Forward the emails. The middle office assembles itself.

Provider report emails
Immutable document vault
Canonical store
Controls + break queue
Portal · reports · alerts

Every source document retained immutably and encrypted, hashed on arrival; every parse, check, break and report in an append-only audit log. Every figure on every screen traces to the document it came from - which is exactly what a due-diligence process wants to see.

Everything a middle office does. One portal.

Every figure on every report traces back to the provider document it came from - the actual statement, retained immutably and addressed by its own SHA-256 hash, not a re-keyed copy of it. Click any number and the evidence is underneath. This is the core, and all of it is included.

Shadow NAV

Every class's NAV per share recomputed independently, daily, from your verified fee schedule. Wrong rate, missed accrual, allocation slip - caught the day it happens, not at audit.

Reconciliation & breaks

NAV↔broker tie-outs within your fund's measured carry band, custody continuity, identity checks - failures open ageing breaks that only data can close. Nothing is quietly dismissed.

Controls that learn

When a control flags something real, the explanation becomes a better model and the band tightens permanently - with the whole episode kept in the audit log. Static rule engines can't do this.

AUM & flows

Performance-vs-subscriptions split back to inception, weekly gross flows, distribution by channel - every chart with 1M to all-history views.

Performance attribution

Daily P&L by sector and market, computed from broker positions and journals - and provably summing to the account's real move, residual shown honestly.

Treasury & margin

Where the assets physically sit, venue by venue - broker, custody, SMA - with margin utilisation trends and every pending feed labelled rather than left blank.

Investor register

Full register and concentration - top-5, largest holder, channels, per-investor activity since inception. Investor PII never appears on shareable views.

Fees & total expense ratio

Expected accruals from your actual rate card, verified against your offering documents; HWM distance per class - plus every cost the fund bears (admin, audit, legal, trading) itemised into a trailing TER and checked for spikes and inconsistencies.

Mandate compliance

Positions checked daily against your documented limits - margin, concentration, leverage, closed classes, listed-only. Breaches open breaks; unset limits show as advisory, honestly.

Regulatory working papers

FCA Annex IV, NFA CPO-PQR, filing calendars with real deadlines and nil-return reminders - multi-jurisdiction by design; a new regime is configuration, not a project.

Month-end close & factsheets

A signed, timestamped close checklist each period - part auto-verified, part human sign-off - plus automated investor factsheets and board packs from the same verified data.

Evidence on demand

An allocator DDQ pack answered from live state, a year-end audit evidence pack for your auditors, an AR-principal oversight pack - the documents diligence asks for, generated, never stale.

New

The ODD data room that assembles itself.

Operational due diligence starts with a document request, and answering one normally means a fortnight of assembling policies, packs and evidence into a folder that is out of date before it is sent. Every MOBO fund now carries an ODD data room instead: the live evidence — reconciliations, independent NAV recomputation, fee verification, the audit record — regenerates every 30 minutes from the fund's own reconciled data; held documents come from an immutable, content addressed vault; and anything missing says so honestly rather than hiding.

The room scores itself continuously against the nine operational pillars allocator side reviewers assess, downloads as a single zip with a SHA-256 manifest so the receiving team can verify every file, and reviewers get a time limited guest link with its own access code — with every page they open recorded, so you know exactly what was read.

The usual way

A standing virtual data room subscription, typically $5,000 to $25,000 a year at mid market providers (enterprise platforms run far higher) — and it still only holds documents. Having the room assessed is a separate consulting exercise, sold for four figures per review. Typical published market rates, 2026.

The MOBO way

Included with every fund. The room assembles itself, scores itself every 30 minutes, proves its own integrity by hash, and issues its own reviewer access. Consultants review a data room once; this one reviews itself continuously.

See it in the live demo

Modules that face your clients.

The core verifies your fund. The modules turn that verified data into product for the people around it: your investors, your directors, your regulator. Priced per module; commercials at the demo.

Investor Portal live

A sanitised view for your investors: performance, attribution, factsheets. Plus per-investor logins showing each client their own allocation, units by class and a live valuation at the latest NAV. Nothing sensitive crosses the wall: the page is built from a whitelist, and every login is scoped to its own holdings.

Reporting Factory

Factsheet sign-off with evidenced approval, then distribution: investor mailing from the register, website upload, platform data feeds. Regulated disclosure formats too - minimum disclosure documents in the manager's own house brand, every figure from the administrator's records. The reporting cycle end to end, off verified numbers.

Analytics

A projection pack regenerated monthly: per-class Monte Carlo over 3 and 5 years, live-record and full-history variants, drawdown expectations, with the full methodology stated on every page.

Filings

Submission-ready Annex IV and CPO-PQR rather than working papers, nil-return reminders, and an NPPR register of where the fund is notified.

Board Pack

A quarterly directors' pack, auto-drafted: performance, flows, breaks opened and closed with evidence, filings made. Directors see the oversight duty they carry, evidenced.

Execution & Costs

Every brokerage fee decomposed per fill from the clearing statements you already receive - commission vs exchange, clearing and regulatory charges, cost per lot by market, outliers flagged against each market's own rate. The half of TCA a statement can prove, with downloadable best-execution working papers. No TCA vendor, no market-data licence. Income and non-trading costs too - dividends, broker interest, withholding tax and stock borrow fees, itemised per day from the broker's own cash report.

Ask the Dashboard new

A question box on every fund page. "Why is the class down more than the fund?" "What lost the money this month?" "When is our next filing due?" Plain-English answers drawn only from that fund's verified figures - every answer cites its numbers, every question is logged to the audit trail, and it will say "that isn't on this page" rather than guess. Data, not advice.

Cockpit, for administrators

Every fund you administer on one screen, under your brand: control states, breaks, feed freshness. A partnership, priced as one.

What it looks like

Four screens from the portal, rendered here with illustrative demo data - in the live demo you see a real fund, this morning's numbers.

Operations cockpit demo data
shadownav:gross_consistency:USDPASS
recon:nav_vs_broker_perfPASS
recon:custody_continuity_5dPASS
compliance:marginPASS
freshness:dealing_reportPASS
identity:class_sum · admin total off by $1,204BREAK · 1d
32 controls · last cycle 07:31 · next 08:01 · silence means green
Shadow NAV - published vs recomputed demo data
ClassPublishedRecomputedDeviation
A · USD142.8317142.8315+0.01bp
B · USD138.1042138.1044−0.01bp
C · GBP129.5560129.5561−0.01bp
D · EUR121.0244121.0212+0.26bp ⚠
recomputed daily from the verified fee schedule · deviations beyond tolerance open a break
AUM - performance vs flows demo data
$240m · +18.2% since inception · net flows +$31m
every chart with 1M · 3M · 6M · YTD · 1Y · ALL views · split into performance vs subscriptions
Attribution - where the P&L comes from demo data
Metals
+$612k
Livestock
+$338k
Energy
+$181k
FX
−$117k
Rates
−$243k
Top market: Gold · costs −$9.4k+$402k
daily P&L by sector and market from broker positions and journals - provably summing to the account's real move, residual shown honestly
Regulatory - working papers & deadlines demo data
FCA Annex IV - Q2 (AIF001/AIF002)DUE 19 DAYS
AR principal quarterly returnDUE 19 DAYS
NFA CPO-PQR - Q2DUE 48 DAYS
Audited financial statements (FY)DUE 80 DAYS
Regulatory AUM, exposure basis · gross 3.8x / commitment 1.9x$614m
Annex IV and CPO-PQR working papers assembled from vaulted source documents · nil-return reminders · new regime = configuration, not a project
Evidence on demand demo data
Reconciliation evidence packPDF ⬇
Allocator DDQ pack - 13 answers, live statePDF ⬇
Annex IV working paper - Q2PDF ⬇
Audit evidence pack - FY to 31 MarPDF ⬇
Investor factsheet - June, Class APDF ⬇
regenerated every 30 minutes from the same verified data - never stale, never re-keyed

Walk the live demo yourself.

A full demonstration fund - real controls, real generated documents, illustrative data. No call, no login, no card. Tell us who you are and you're in.

We use this only to follow up about MOBO - no list, no newsletter, and your details never leave Middle Back Office Limited.

Your data never mingles. Ever.

One instance per client

Your own container, database, document vault and encrypted portal. No shared tenancy, no pooled data. UK/EU hosted.

Your mailbox, your tenant

Ingestion reads via a Microsoft app registration you control - scoped to one mailbox, revocable any morning. Or a simple forwarding rule. We never see anything your providers didn't already send.

Disaster-ready by routine

Encrypted backups to two locations every night, watched by the platform's own controls. Restores are rehearsed and timed - the whole platform comes back from offsite backup in minutes, and the drill log is evidence you can hand an allocator.

Leave with everything

Every source document retained immutably; the platform can rebuild its whole state from them. If you leave, you take the full vault and database with you - that's in the contract.

Access and integrity

Every portal login sits behind mandatory two-factor authentication, per-user. Source documents are content-addressed by SHA-256, so a document that changed after the fact cannot pass unnoticed - the hash is the evidence, not our word for it.

The question ODD now asks

Cyber is no longer a "do you have a policy?" question. Your positions sit with your administrator, your brokers and your bank, so the honest answer depends on control environments you don't own. MOBO's own controls, hosting, backups and restore drills are documented and handed over as evidence - and the DDQ pack names which providers hold what, so the supply chain is on the page rather than left implicit.

Built by a fund manager, proven on his own fund.

MOBO runs in production on a $150m multi-vehicle futures manager - a Guernsey fund, a US fund and a managed account, across two administrators and three brokers. In its first weeks it surfaced a $250k stale figure in a published factsheet, an unnotified NAV restatement, and the unexplained custody movement that turned out to be share-class hedge P&L. In July 2026 it caught a missing 45-lot Bund sale from the broker's own daily statements - the position control opened a break the next morning, three days before the broker's back office confirmed lots had been mis-allocated in a give-up. Across the founder's own vehicles and client funds it now runs continuous oversight of over $400m in three jurisdictions, including daily shadow NAV on a platform-hosted fund and a live trial with a 45-fund administrator. Every number above is generated by the platform about itself - ask us to show you live.

"A 45-lot Bund sale simply never appeared on our clearing statements. The platform flagged the position break the next morning - the broker took three more days to confirm the booking error. Without it, we'd have found out at month-end. If at all."
- Fund CEO, $150m futures manager · MOBO's founding fund

What it costs, and what everyone else charges.

Verifying your own numbers has been priced as an enterprise project for twenty years. Here is what the alternatives actually cost, with the published figures where the vendor publishes one.

What you'd otherwise do Cost Live in Independently recomputes your NAV Generates your ODD evidence
Enterprise fund-ops platform $180,000 to $200,000 / yr 12 to 18 months Yes Partly
Venture-funded AI fund-ops entrants ~$175,000 / yr 3 weeks Yes Partly
Shadow accounting software on its own from $35,899 / yr Project Yes No
One middle-office hire £70,000+ salary 3 to 6 months Manually, once a month By hand, when asked
FCA compliance platforms £495 to £1,495 / mo Days No, not one number Compliance records only
MOBO £2,500 / month 48 hours Every class, every day Regenerated every cycle

Published list prices where the vendor publishes one; category figures from a 2026 buyer's guide for emerging-manager operations platforms and from press reporting of recently funded entrants. Checked 11 August 2026. Compliance platforms are included because managers often price them against this. They evidence that oversight happened, which is a different job from verifying the numbers underneath it. Worth having as well as, rather than instead of.

Founding rate · first ten funds
£2,500 /month

Everything on this page. All reports, all controls, unlimited users. No per-seat fee, no setup fee. Modules from £250/month on top.

The price is held for 24 months. No commitment is attached to it - leave on a month's notice whenever you like. The rate is locked, you aren't.

Pay when armed

Nothing is invoiced until your fund's controls are actually running against your own data. Calibration is free, however long it takes, and there is no trial clock to run out. If it never arms, you never pay.

Multi-vehicle and SMA structures, and funds above $250m, are priced on the shape of the structure - vehicles, jurisdictions and reporting formats. Ask and we'll quote on the call.

Who it's for

A monthly subscription sized to the structure, optional modules on top, free pilot month first - commercials on a call.

Emerging & mid-sized funds

Managers who need to answer the allocator oversight question properly but can't justify six-figure platforms or a dedicated ops hire - futures and macro funds especially.

Multi-vehicle managers & SMAs

Structures spanning offshore funds, US pools and managed accounts - one verified evidence base across every vehicle, administrator and broker.

Fund administrators

A branded, allocator-grade portal for every fund you administer, plus a pre-publication QC layer that catches anomalies before a NAV goes out. White-label or co-brand.

Brokers & FCMs

Your daily statements become each client's operational anchor - oversight, attribution and investor evidence tied to your records. A concrete cap-intro offer for emerging managers.

AR principals & regulatory hosts

Continuous, evidence-based oversight of every representative's funds - live controls and filing calendars instead of quarterly self-declaration.

Allocators & investors

Ask your managers for MOBO-grade evidence - or point them here. The DDQ answers you want exist as generated documents, never stale.

See your own numbers on it by Thursday.

One sample email from each provider, ten minutes from your IT, and your fund is live - free for a pilot month. If the first week doesn't catch something or save someone time, we part friends and you keep the reports.

Start the pilot

From the operator's desk

Written from running a live fund on the platform, not from a content calendar.