Case Study: Freestone Capital achieves streamlined management of complex alternative investments with Backstop Solutions

Using Backstop to Track and Manage Complex Alternative Strategies

Freestone Capital, a progressive wealth manager with more than $4.5B in assets under management, faced growing difficulty tracking, accessing and storing data and research across a wide range of alternative investments and reporting regularly to its investment committee. To solve this, Freestone adopted Backstop Solutions’ web-based platform (the Backstop cloud productivity suite) as a centralized repository for notes, documents, emails, transaction and performance data.

Backstop Solutions implemented a single, searchable system that Freestone uses to upload monthly values and transactions, quarterly performance, and meeting notes, run custom layouts and automated reports, and trigger monthly email reminders for property visits. The result: better, more consistent tracking and automation across the team, operational efficiencies managing 90+ real estate assets, an estimated savings of 15–20 hours per month (and avoidance of two to three additional hires), and a decade-long partnership that continues to expand Backstop’s use across the firm.

Freestone Capital

Sean Carr

Senior Associate – Investments