A family with three banks, two currencies and a private equity fund. Statements arrive by email, in Hebrew and English. Here is what the AI team does with them before the manager's first coffee.
Every bank has its own format. Nothing is standardised.
| Asset class | Value | Weight |
|---|---|---|
| Bonds | ₪2,233,786 | 27.3% |
| Equities (US) | ₪1,877,477 | 23.0% |
| Equities (IL) | ₪1,445,246 | 17.7% |
| Private equity | ₪1,092,920 | 13.4% |
| Cash | ₪770,034 | 9.4% |
| Deposit | ₪500,000 | 6.1% |
| Equities (EU) | ₪255,571 | 3.1% |
| Currency | Value | Weight |
|---|---|---|
| USD | ₪4,104,455 | 50.2% |
| ILS | ₪2,901,926 | 35.5% |
| EUR | ₪1,168,654 | 14.3% |
| Bank | Value | Weight |
|---|---|---|
| Bank Galil-Yam | ₪2,945,771 | 36.0% |
| Bank HaCarmel | ₪2,859,626 | 35.0% |
| Northbridge Securities AG, Zurich | ₪2,369,638 | 29.0% |
Checks run automatically on every new statement.
Capital income YTD: ₪671,939 (dividends, interest, realised gains, all banks). Remaining headroom below the ₪721,560 threshold: ₪49,621. Linear projection for 2026: ₪895,919, i.e. about ₪8,718 of additional tax (3% + 2%) on the excess.
→ Review with the client's accountant before any further realised gains this year. Other income (salary, rent) not included.
Harbor Growth Fund IV: USD 60,000 due 15/10/2026. USD cash at Northbridge: USD 35,200 (short by USD 24,800). USD cash at Galil-Yam: USD 86,400.
→ Transfer instruction drafted, awaiting the manager's approval.
Bank HaCarmel charges 0.25%/yr custody; the agreed rate in the client file is 0.15%. Estimated overcharge YTD: ₪2,145.
→ Draft claim letter to the bank ready for review.
Passport of Rachel Levi (Northbridge Securities AG) expires 14/11/2026.
→ Reminder to the client drafted in Hebrew, awaiting approval.
שלום רחל, לפי הרישומים שלנו, הדרכון שלך שמוגש ל-Northbridge Securities יפוג ב-14/11/2026. כדי שהחשבון ימשיך לפעול כרגיל, נודה לך אם תשלחי לנו צילום של הדרכון החדש ברגע שיהיה בידייך. תודה רבה, [שם מנהל התיקים]
Subject: Custody fee, account 12-345-678901 Dear Sir or Madam, Our client's mandate provides for an annual custody fee of 0.15%. The statement as of 25/09/2026 shows a rate of 0.25%, i.e. an estimated overcharge of ₪2,145 since January. We would be grateful if you could check the applied rate and credit the difference. Kind regards, [Portfolio manager]
Transfer instruction (draft, not sent) From: Bank Galil-Yam, account 31-020-445566 (USD) To: Harbor Growth Fund IV, L.P., account on file Amount: USD 60,000 Value date: 13/10/2026 (2 business days before the due date) Reference: HGF IV / Call 7 / Levi
✓ No advice. No decisions. No orders. The manager approves every output. Dedicated, isolated server per client (SOC 2 Type II, ISO 27001).