If you have decided to partner with a fund administrator for
your alternative investment fund, you’ve taken an important step. A
professional back-office infrastructure is a smart business decision, allowing
you to focus your team’s skills and resources on sales and investments. But a
working partnership that is likely to last for 3 to 5 years is something to be
approached carefully. These are the most important things you will need to know
before choosing a fund administrator.
1.
The History and Experience of
the Firm
Some providers have a lot more of the right kind of experience than others. Some firms are primarily transfer agents for exchange-traded funds who imagine that administering non-traded funds is relatively similar. It is not. There is a great deal of hands-on, manual work with investor data in alternative fund operations and many third parties and regulators to satisfy. Experience is key. The administrator to look for has many years of direct experience specifically in the alternative investment fund industry and has developed systems and procedures to address its many unique challenges.
Some providers have a lot more of the right kind of experience than others. Some firms are primarily transfer agents for exchange-traded funds who imagine that administering non-traded funds is relatively similar. It is not. There is a great deal of hands-on, manual work with investor data in alternative fund operations and many third parties and regulators to satisfy. Experience is key. The administrator to look for has many years of direct experience specifically in the alternative investment fund industry and has developed systems and procedures to address its many unique challenges.
2.
Breadth of Service Offering
Your administrator will manage all your investor data. The option of integrating other related services with that single provider may be invaluable. Does the administrator offer fund accounting, tax services, K-1/1099 preparation, sales reporting, printing and mailing, investor web portal account access? There is a significant efficiency in utilizing a single provider for all investorand asset related services. The more outside partiesyou and an administrator must work with the more potential for misunderstandings, errors, higher costs and lapses of data security.
Your administrator will manage all your investor data. The option of integrating other related services with that single provider may be invaluable. Does the administrator offer fund accounting, tax services, K-1/1099 preparation, sales reporting, printing and mailing, investor web portal account access? There is a significant efficiency in utilizing a single provider for all investorand asset related services. The more outside partiesyou and an administrator must work with the more potential for misunderstandings, errors, higher costs and lapses of data security.
Contact Details:
415-485-4500
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