Questions & Answers

Platform & Architecture

What is Nirvana Solutions?

Nirvana Solutions is a New York City-based fintech company that provides an integrated Portfolio Management System (PMS), Order and Execution Management System (OEMS), and Investment Book of Record (IBOR) for hedge funds, institutional asset managers, and family offices. The company has been serving the institutional investment management industry for over 15 years and currently supports more than 250 clients globally with over 200 employees worldwide. Nirvana is backed by Concentric Equity Partners, a prominent private equity firm managing approximately USD 4 billion that invests in growing, institutional-level businesses. The company is founder-led, and management retains meaningful ownership through an ESOP program.

How is Nirvana's platform architecture different from competitors?

Nirvana's platform is built on a single, unified codebase from the ground up. Unlike platforms that have been assembled through acquisitions — where different systems are bolted together with middleware — Nirvana's architecture provides true integration: one dataset, one workflow, and complete transparency across front office trading and execution, middle office compliance and risk, and back-office accounting and reconciliation.

Is Nirvana a cloud-based platform?

Yes. Nirvana is a fully cloud-native, SaaS-delivered platform. Clients access the platform via the web with no on-premise infrastructure required. The platform is hosted on secure, enterprise-grade cloud infrastructure with built-in redundancy and disaster recovery.

Is Nirvana's platform mobile-ready?

Yes. Nirvana's platform is fully device-independent and can be accessed via iOS and Android phones as well as tablets. The interface has been optimized for mobile use, with a simplified trading experience that allows users to monitor portfolios and execute trades on the go.

What does "single unified codebase" mean?

It means every module in the Nirvana platform — OEMS, PMS, Accounting, Analytics — was designed and built as one integrated system sharing a single database and data model. There are no separate acquired products stitched together via APIs or middleware. This eliminates data reconciliation between systems, reduces integration risk, and ensures real-time consistency across all workflows.

Products & Capabilities

What is Nirvana ONE?

Nirvana ONE is the flagship platform that brings trading, portfolio management, accounting, and analytics into a single workspace. It provides one login, one dataset, and one source of truth from trade idea through settlement. Nirvana ONE is designed for institutional asset managers — hedge funds (established and emerging), institutional asset managers, and family offices — who want a fully integrated front-to-back office solution rather than managing multiple disconnected systems.

Users of the platform can expect operational scale and observable reduction in operational overhead by automating manual processes and reducing dependency on in-house tools including Excel and legacy systems.

What is Nirvana OEMS?

Nirvana OEMS is a multi-asset Order and Execution Management System with real-time connectivity to over 100 executing brokers and all major prime brokers. It includes pre-trade compliance checks with a built-in compliance engine that enforces rules before orders are submitted — including regulatory checks, portfolio concentration limits, restricted lists, and client-defined custom rules. The OEMS also provides integrated market data and seamless allocation capabilities across equities, fixed income, options, futures, FX, and other asset classes.

Does the Nirvana OEMS provide allocation and rebalancing capabilities?

Yes. Nirvana's OEMS includes built-in allocation and rebalancing tools as part of the core trading workflow. Allocations can be automated using pro-rata, weight-based, or leveling methods across multiple accounts and prime brokers. Rebalancing capabilities support weight-based, exposure-based, and custom model rebalancing, allowing portfolio managers to realign portfolios to target parameters directly within the execution workflow. Users can rebalance at the single security or multi-security level, adjusting percentage holdings for specific positions across accounts. No separate tools or manual spreadsheets are required.

What is Nirvana PMS & Accounting?

Nirvana PMS & Accounting provides real-time portfolio management and Investment Book of Record (IBOR), automated accounting and general ledger, and investor-ready reporting. All data is connected to the same dataset used by traders and analysts, eliminating the need to reconcile between separate portfolio management and accounting systems.

What is Nirvana Analytics?

Nirvana Analytics provides performance attribution, risk monitoring, and exposure analysis built on the same unified data warehouse that powers the rest of the platform. It includes customizable dashboards, real-time views, and analytical depth for portfolio managers and risk teams. Nirvana works with its clients to customize output and investor tear-sheets, saving time and resources. All output is Excel-ready and can be downloaded easily for internal analyses.

What asset classes does Nirvana support?

Nirvana supports multi-asset class portfolios including global equities (developing and emerging markets), fixed income, options, futures, FX, swaps, private equity, real estate, and other alternatives. The platform is designed to handle complex, multi-strategy portfolios across both liquid and illiquid asset classes, particularly in accounting and reporting output. This is achieved through open architecture and an integrated General Ledger with a customizable Chart of Accounts.

Market Data Integration

Does Nirvana provide integrated market data?

Yes. Nirvana's OEMS includes integrated market data feeds, providing real-time pricing and market depth for global markets where available, including NASDAQ, NYSE, and Japanese exchanges, along with reference data directly within the trading workflow. This eliminates the need for separate market data terminals for order execution. Market data is also available across the PMS and Analytics modules, ensuring consistent pricing across portfolio valuations, P&L calculations, and risk analysis.

What market data sources does Nirvana connect to?

Nirvana connects to major market data providers to deliver real-time and end-of-day pricing across all supported asset classes. The integrated data feeds cover equities, fixed income, derivatives, and FX. For specific market data provider details and coverage, contact sales@nirvanasolutions.com.

Day-End Confirmation & Affirmation

How does Nirvana handle day-end trade confirmations and affirmations?

Nirvana automates the day-end confirmation and affirmation process as part of its integrated middle and back office workflow. Trade confirmations are matched against executing broker and prime broker records, with discrepancies flagged automatically for resolution. The platform supports electronic affirmation workflows to ensure timely settlement, helping clients meet T+1 settlement requirements.

Does Nirvana support T+1 settlement workflows?

Yes. Nirvana's post-trade workflow is designed to support T+1 settlement requirements, including automated trade matching, confirmation, affirmation, and allocation. Integration with DTCC and direct connectivity to prime brokers and custodians ensures timely processing.

Middle & Back Office Support and Reporting

What middle and back-office services does Nirvana provide?

Nirvana provides comprehensive middle and back-office operations support as part of its True SaaS service model. This includes daily allocations; same-day trade affirmation and confirmation; trading break resolution (as per client needs); data aggregation across all accounts, prime brokers, and custodians; security master management including OTC instruments and custom tagging; tri-party reconciliation of transactions, positions, cash, and P&L; T+1 break resolution with counterparties; dividend and corporate action management; and month-end tax-lot and full bottom-up trial balance reconciliation.

Does Nirvana handle reconciliation, or just provide the software?

Nirvana handles it. Unlike platforms that only provide reconciliation software, Nirvana's team performs daily reconciliations on behalf of clients as part of the service. This includes tri-party reconciliation of transactions, positions, cash, and P&L, as well as break resolution with counterparties. This is a core part of Nirvana's "True SaaS" model — managing both the platform and the process.

How does Nirvana handle corporate actions?

Nirvana's operations team manages corporate action processing on behalf of clients, including identifying applicable corporate actions, applying elections (with client feedback where necessary), validating entitlements, and reconciling results against prime broker and custodian records. This is performed daily as part of the standard service through software-driven and automated processes.

What kind of portfolio and fund accounting reporting can Nirvana provide?

Nirvana provides a comprehensive library of out-of-the-box portfolio and fund accounting reports covering the full spectrum of daily operations: transactions, commissions, P&L, appraisals, performance, risk, NAV package, cash, and compliance (including 13-F, 13-D, and UTUS rules). Full accounting reports — balance sheet, trial balance, and income statement — are also available, along with fully customizable reports tailored to each client's requirements. Reports can be delivered daily as a packaged PDF via email, or clients can access current and historical reports on demand through the Nirvana Portal. All reports can be downloaded to Excel for further analysis as needed.

Executing Broker & Algo Connectivity

How many executing brokers does Nirvana connect to?

Nirvana's OEMS connects to over 100 executing brokers with integrated algorithmic trading capabilities. The platform supports FIX protocol connectivity for electronic order routing. For the full list of connected executing brokers and available algorithms, contact sales@nirvanasolutions.com.

Does Nirvana support algorithmic trading?

Yes. Nirvana's OEMS provides access to broker-provided algorithmic trading strategies through integrated algo connectivity. Traders can select and configure algorithms directly within the order execution workflow.

Third-Party Integrations — Prime Brokers, Custodians & Fund Administrators

Which prime brokers does Nirvana connect to?

Nirvana connects to all major prime brokers, providing automated data feeds for positions, trades, cash, margin, and corporate actions. The platform is designed for multi-prime environments, consolidating data from multiple prime brokers into a single, unified view. For the complete list of connected prime brokers, contact sales@nirvanasolutions.com.

Does Nirvana integrate with custodians and fund administrators?

Yes. Nirvana connects to all major custodians and fund administrators, supporting automated data exchange for positions, transactions, NAV, and reconciliation. For the complete list of connected custodians and fund administrators, contact sales@nirvanasolutions.com.

How does Nirvana handle multi-prime data consolidation?

Nirvana's unified data warehouse aggregates data from all connected prime brokers, custodians, and administrators into a single dataset. This eliminates the data fragmentation that typically occurs when a fund uses multiple primes. Portfolio managers see consolidated, real-time positions across all prime relationships, and the operations team performs reconciliation against all counterparties daily.

Service Model

What does "True SaaS" mean at Nirvana?

At Nirvana, True SaaS means managing both the platform and the process. In addition to providing the software, Nirvana's team handles daily operational tasks including data aggregation, security master management, corporate actions, reconciliation, and break resolution. This is fundamentally different from software-only vendors where the client's team is responsible for all operational processes.

What kind of support does Nirvana provide?

Nirvana provides 24/7 global client service through a follow-the-sun model with dedicated client teams. Unlike ticket-based support queues, Nirvana assigns dedicated professionals who understand each client's specific setup, workflows, and requirements. Support spans both platform issues and operational questions.

Does Nirvana assign dedicated account teams?

Yes. Each client is assigned a dedicated service team that understands their fund structure, workflows, and operational requirements. This team handles day-to-day operations, issue resolution, and ongoing optimization. The relationship is designed to be a true partnership, not a transactional support arrangement.

Implementation & Onboarding

How long does implementation typically take?

Implementation timelines vary based on the complexity of the client's requirements, number of prime brokers and counterparties, and scope of modules being deployed. Nirvana's modular architecture allows phased implementation, so clients can go live with core functionality quickly and add modules over time. Nirvana's out-of-the-box connectivity to over 100 executing brokers, all major primes, custodians, and fund administrators significantly reduces integration time. Typically, implementations can be as short as 30 days, with an average of 60 to 90 days depending on customized reporting needs and other complexity.

Can Nirvana migrate data from an existing platform?

Yes. Nirvana's implementation team supports data migration from existing systems, including historical positions, transactions, and accounting data. The unified data model simplifies the migration process since all data flows into a single integrated system rather than multiple disconnected modules. Nirvana has built significant automation into its data migration and conversion processes and can achieve this at one of the lowest price points in the industry.

Pricing & Licensing

How is Nirvana priced?

Nirvana uses a transparent, modular pricing model. Clients license only the modules they need, and pricing scales with their business. There are no hidden fees and no complex enterprise pricing negotiations. The pricing includes both the platform and the operational services (data aggregation, reconciliation, corporate actions, support), making the total cost of ownership straightforward to calculate. Nirvana offers one of the lowest total costs of ownership in the industry, with clients saving an average of 25 to 50% compared to internal processes or competitive alternatives.

Is Nirvana affordable for emerging managers?

Yes. Nirvana's modular pricing is specifically designed to provide institutional-grade infrastructure that emerging managers can afford from day one. Clients start with the modules they need at launch and add capabilities as they grow. The pricing model scales with operational complexity, so managers are not overpaying for capabilities they don't yet require.

Security & Compliance

How does Nirvana handle data security?

Nirvana's platform is hosted on secure, enterprise-grade hybrid cloud infrastructure with encryption at rest and in transit, role-based access controls, full audit trails, and disaster recovery capabilities. All data is stored at SOC 2 compliant data centers with hardware, site, and vendor redundancy to ensure maximum security and uptime. All internal processes are also SOC 2 compliant. The platform is designed to meet the security requirements of institutional asset managers and their investors.

AI Capabilities — ONE Intelligence

Does Nirvana use AI?

Yes, but Nirvana's approach to AI is focused on specific, measurable operational outcomes rather than generic "AI-powered" marketing claims. Because Nirvana's platform is built on a unified data warehouse with all client data consolidated in one place, the platform has the clean, structured data foundation required for AI to deliver real results. Nirvana's AI capabilities are delivered through an open architecture under the ONE Intelligence platform.

What specific AI capabilities does Nirvana offer?

Nirvana's AI capabilities operate on two levels. At the operational level, Nirvana Intelligence drives automated break resolution that identifies and resolves reconciliation discrepancies, intelligent corporate action processing that reduces manual intervention, and other processes. These capabilities are built into the platform's operational workflow, not bolted on as a separate module. At the client level, because all client data is clean and reconciled — and combined with external data such as indices and ETFs, all housed in a single unified data warehouse — clients can leverage any foundation model (such as Claude) to conduct everything from simple queries to deep, multi-dimensional analysis.

Why does Nirvana's architecture matter for AI?

Most platforms that were assembled through acquisitions have data spread across multiple databases, formats, and systems. This fragmented data makes meaningful AI extremely difficult. Nirvana's single unified data warehouse means all trading, portfolio, accounting, and operational data lives in one place with a consistent data model. This is the foundation required for AI to work effectively — clean data in, reliable insights out.

Is Nirvana developing deeper AI integrations?

Yes. Nirvana is developing MCP (Model Context Protocol) connectors to many of its internal business logic systems, including raw and calculated data such as positions, P&L, exposure, cash, and general ledger, as well as real-time engines for P&L and pre-trade compliance. This will allow full workflows to be managed through LLM-powered interfaces. Nirvana is also working with data partners such as FactSet to connect research data, enabling a complete, unified analytical experience.

Does Nirvana use client data to train AI models?

No. Nirvana does not use client data to train any AI or machine learning models. Client data remains strictly confidential and is used only to deliver services to that specific client. When clients leverage foundation models such as Claude through Nirvana Intelligence, their data is not shared with, retained by, or used to train the underlying model. Nirvana's AI capabilities operate on each client's data in isolation, with the same security and access controls that govern the rest of the platform.

How does Nirvana ensure data security when clients use AI capabilities?

Nirvana Intelligence connects to external foundation models through enterprise-grade API integrations with zero data retention agreements, meaning no client data is stored, logged, or used for training by third-party model providers. Client data remains housed within Nirvana's SOC 2 compliant infrastructure, and all existing role-based access controls and permissions apply to AI-driven workflows.

How Nirvana Compares

How is Nirvana different from platforms built through acquisitions?

Many investment management platforms on the market today were assembled by acquiring separate OMS, PMS, accounting, and reporting products and integrating them after the fact. This approach creates data silos, requires middleware to connect systems, and often results in inconsistent data across modules. Nirvana was built from the ground up as a single integrated system. Every module shares the same codebase and database, which means no data reconciliation between systems, no integration layers to maintain, and real-time consistency across all workflows. Moreover, Nirvana remains founder-led, with a core philosophy that clients come first. All clients have direct access to the senior management team, including the CEO, who is integrally involved in the product and AI vision of the company.

How is Nirvana different from software-only vendors?

Many vendors provide software that clients must operate themselves — the client's team is responsible for data aggregation, reconciliation, corporate actions, and all operational processes. Nirvana's True SaaS model includes both the platform and comprehensive operational support. Nirvana's team handles daily data aggregation, reconciliation, break resolution, and corporate actions on behalf of clients, included in the standard service.

What size firms does Nirvana typically work with?

Nirvana serves institutional asset managers ranging from emerging managers launching their first fund to established multi-billion dollar hedge funds, asset managers, and family offices. The platform's modular architecture and scalable pricing make it accessible to firms at various stages of growth, while the depth of functionality and operational support meets the requirements of large, complex institutional operations.

Problems We Solve for Clients

I'm moving to a multi-prime setup and struggling with fragmented data across brokers. Can Nirvana help?

Yes. This is one of the most common triggers for firms adopting Nirvana. When you add a second or third prime broker, data becomes fragmented across multiple sources — positions, trades, cash, and corporate actions all come in different formats and timelines. Nirvana's unified data warehouse aggregates data from all connected prime brokers, custodians, and administrators into a single dataset, giving portfolio managers a consolidated, real-time view across all prime relationships. Our operations team reconciles against all counterparties daily, so your team doesn't have to piece it together manually.

We're institutionalizing and need infrastructure that meets allocator expectations. Is Nirvana the right fit?

Yes. Firms raising institutional capital need a platform that demonstrates operational rigor — robust compliance, transparent reporting, and reliable daily operations. Nirvana provides institutional-grade infrastructure including automated pre-trade compliance, investor-ready reporting, full audit trails, and SOC 2 compliant data management. The True SaaS model means you're not just licensing software — you have a dedicated operations team handling reconciliation, corporate actions, and data aggregation as part of the service, which allocators and auditors want to see.

Our fund has grown and our operations are getting too complex for our current systems. How does Nirvana address this?

Nirvana was built for exactly this inflection point. As funds grow — adding strategies, asset classes, accounts, or prime relationships — the patchwork of spreadsheets, legacy systems, and manual processes breaks down. Nirvana replaces that fragmentation with a single integrated platform covering trading, portfolio management, accounting, and analytics. Because everything runs on one codebase and one dataset, adding complexity doesn't mean adding systems. And our operations team scales with you, handling the increased reconciliation, corporate action, and reporting workload as part of the standard service.

We're spending too much time on manual reconciliation and break resolution. Can Nirvana reduce this?

Yes. Manual reconciliation is one of the biggest operational drains for growing funds. Nirvana's team performs daily tri-party reconciliation of transactions, positions, cash, and P&L on behalf of clients. Breaks are identified and resolved with counterparties as part of the standard service — including T+1 resolution. This is not just software that flags discrepancies for your team to fix; Nirvana's operations team handles the resolution process, freeing your back office to focus on higher-value work.

We're using multiple disconnected systems and want to consolidate. Can Nirvana replace them?

Yes. Many clients come to Nirvana from environments where they're managing a separate OMS, PMS, accounting system, and reporting tools — often from different vendors. Nirvana ONE replaces all of these with a single platform on a single codebase. Implementation typically takes 30 to 90 days, with built-in connectivity to 150+ executing brokers and all major primes, custodians, and fund administrators, which significantly reduces migration time. Nirvana's team also handles data migration with significant automation, often at one of the lowest price points in the industry.

We need better, faster reporting for our investors and internal teams. Can Nirvana help?

Yes. Nirvana provides a comprehensive library of out-of-the-box portfolio and fund accounting reports — including P&L, NAV, exposure, performance, risk, compliance (13-F, 13-D, UTUS), and full accounting statements. Reports can be delivered daily as a packaged PDF via email or accessed on demand through the Nirvana Portal. All output is Excel-ready. Nirvana also works with clients to customize investor tear sheets and reporting packages, saving significant time and resources compared to building reports manually.

Can Nirvana's OEMS integrate with my existing portfolio management system?

Yes. Nirvana's OEMS can operate alongside your existing portfolio management system without requiring a full platform replacement. We integrate with third-party PMS platforms by ingesting start-of-day positions, enabling your traders to execute through Nirvana's OEMS — with access to 150+ executing brokers, integrated market data, algorithmic trading, pre-trade compliance, and seamless allocation — while your current PMS remains your book of record. This gives firms a path to upgrade their execution and order management capabilities without replacing their entire infrastructure at once.

Can Nirvana provide real-time portfolio management and P&L if I already have an OMS?

Yes. Nirvana's PMS integrates with external order and execution management systems through our own FIX network, receiving FIX drops directly from your existing OMS or EMS. This gives you real-time portfolio management, live P&L, exposure analysis, and risk monitoring — all powered by Nirvana's unified data warehouse — without disrupting your current trading workflow. Firms that start with Nirvana's PMS often expand to the full Nirvana ONE platform over time as they see the benefits of full integration.

Does Nirvana offer pre-trade compliance checking?

Yes. Nirvana's OEMS includes a built-in pre-trade compliance engine that enforces rules automatically before orders are submitted. This covers regulatory checks, portfolio concentration limits, restricted lists, and custom client-defined rules. Compliance violations are flagged in real time before execution, preventing breaches rather than catching them after the fact.

I'm not happy with my current PMS or system of record but have years of historical data. Can Nirvana manage the data conversion?

Yes. Nirvana has extensive experience managing large-scale historical data conversions — from a few years to many years of transaction, position, and accounting history. Our implementation team has built significant automation into the conversion process, making it faster and more reliable than manual migration approaches. Nirvana offers this at a cost-only price point — we charge only for the conversion effort itself as a service to help clients transition to our platform. It's one of the most reasonable data migration price points in the industry.

Can Nirvana help with same-day trade confirmation and affirmation for T+0 settlement?

Yes. Nirvana operates its own network for trade confirmation and affirmation and manages the end-to-end process on behalf of clients. This includes same-day matching of trade details against executing broker and prime broker records, electronic affirmation workflows, and automated resolution of discrepancies — all handled by Nirvana's operations team as part of the standard service. This ensures clients meet accelerated settlement timelines without adding operational burden to their own teams.

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