What Is A Fund Administrator And How To Choose One?

-

As your business and its capabilities grow, it becomes even more vital to have someone handling your funds and other back-office functions. As you focus more on your core responsibilities, outsourcing to a fund administrator is the best call you can take. 

FUND ADMINISTRATOR
Best Fund Administrators


WHO IS A FUND ADMINISTRATOR?


In the language of a layman, a fund administrator is a third-party service provider who is outsourced to protect the interest of the investors by personally verifying their assets and their fund value. A fund manager is able to focus on his portfolio once the valuation of the assets and funds has been handed over to the fund administrator. 

WHAT IS THE ROLE OF A FUND ADMINISTRATOR?


Some of the best fund administrators in India are known to be experienced in the world of mutual funds and are potential partners with whom long-term business relationships can be made. The day-to-day functions of a fund administrator are something like this:

 

·        Calculation of the net asset value either daily, or weekly, or monthly. 

·    Calculating the income and expenses of the fund and checking the prices of securities at market value currently. 

·        Preparing the financial statement and audit liaison.

·        Opening and controlling the bank accounts related to the funds.

·        Reporting to shareholders.

·        Reconciliation of the broker, custodian, banker, and investment manager. 

·        Paying off fund expenses.

·        Settling daily purchases and sales of securities. 

·        Pricing the portfolio of the fund. 

·        Anti-money laundering monitoring and reporting.

·        Calculating, distributing, and paying dividends to the agent. 

·     Calculating the total returns and other performance factors associated with the fund.

·        Supervising that the fund is systematically liquidated and dissolved (if needed).

 

WHY SHOULD YOU OUTSOURCE FUND ADMINISTRATION?

 

Here are some easy and logical reasons as to why you need to outsource your fund administration:

1.      More focus on core responsibilities

2.      Ability to lower cost

3.      Increased Limited Partnership requirements and demands for oversight

4.      Expertise in the industry

5.      Reliable technology solutions

 

KEY FACTORS TO KEEP IN MIND WHEN SELECTING THE BEST FUND ADMINISTRATOR

 

Choosing the best global fuhttps://www.theascent-group.com/nd administrator for your funds is a tough call to make, as trust doesn't come so easily. But with these factors, you can take your call quicker:


·        STRONG STRUCTURE


With changing demands and requirements in the industry, it is important to have a provider who is privately-owned and can handle risks such as business uncertainty, key member turnover, or no support to your business platform.


·        CAPABILITY TO HANDLE MULTIPLE SERVICES


The role of a fund administrator keeps evolving with time, so it's important to have someone who provides a wide range of services and can apply them as per the situation. An all-around services fund administrator will successfully integrate all back-office functions within a single structure.


·        CONTROL AND OVERSIGHT


Having the best fund administrator working for you makes you worry less or nil about the operation of back-end services. It gives the partner good control of internal controls and governance. 


Outsourcing back-office operations to the best fund administrator are the key to a successful fund administration. Choosing a personalized fund administrator as per your needs and depending on the factors mentioned above will give you the confidence to outsource operations. If you’re in the selection process of outsourcing to the right fund administrator, visit https://www.ascentfundservices.com/. 


 

Location: Singapore

Comments

Post a Comment

Popular posts from this blog

What is Shadow NAV administration? How to manage Shadow NAV by the fund manager?

-
Image
Basically, a fund administrator is greatly acknowledged as an outsourced third party service provider that safeguards the choices of the investors by making the confirmation of the assets separately and appropriate assessment of the fund. With the aid of outsourcing process of the Fund Administration function, fund administrators and managers are permitted the liberty to concentrate mainly on the portfolio management appropriately. The prime responsibility of Fund Solutions Provider or fund administrator is to calculate the fund net asset evaluation. Ascent Fund Services What Is the Actual denotation of Shadow NAV? The Shadow NAV is the actual NAV calculation finished with the objective of confirming the official NAV.  It could be done successfully by the help of the hedge fund manager or it might be outsourced to an expert service provider. In fact, the fund could employ a second Shadow NAV Administrator to calculate the actual value of the shadow NAV. Some invest
Read more

How Variable Capital Company has Revolutionized the Global Fund Management

-
Image
The Variable Capital Company (VCC) is the latest and innovative fund management strategy which has brought Singapore to the forefront of global investment services. It has provided many opportunities for the VCC fund administrator to manage the fund and support the related activities. VCC is a legal framework provided for investment funds that need to be domiciled in Singapore. It intends to offer an alternative for the existing fund or collective investment schemes like partnerships, unit trust, cooperations, etc. Some of the notable key features of VCC includes:   VCC is set up as a single stand-alone fund or as a main VCC with multiple sub-funds.   VCC can be used as a traditional or alternate fund strategy in closed/open-ended forms.   In the tax aspect, it will still be considered a regular Singapore company. What has made Variable Capital Company so powerful?  Several reasons have made VCC the most powerful and stable fund strategy. It has been recognized as a well-run investmen
Read more

Hedge Fund Administrator, VCC Fund Administrator, Corporate Solutions Provider and Real Estate Investment Funds in a nutshell

-
Image
When it comes to savings and investment, it is very important to be well aware of the options as it involves money and trust, and investing money without proper research is like walking blindfolded in a room full of knives. We will be sharing the basics of Hedge Fund Administrator, VCC Fund Administrator, Corporate Solutions Provider, and Real Estate Investment Funds so that you make a well-informed decision. Basics of Hedge Fund Administrator A Hedge Fund Administrator is a service provider to the hedge fund and the main job of the administrator is to provide certain accounting and back office services to a hedge fund. The central service is the accounting of investor contributions and withdrawals. They also compute the profits and losses for the accounting period on a monthly or quarterly basis. The administrator may also provide other back end services such as handling the subscription documents and making sure checks are cashed or wires are appropriately taken care of. Some hedge
Read more