At Nottingham, we help investment funds save on their annual fund administration expense by preparing draft financial statements and utilizing our three decades of expertise to make the independent auditor’s job easier and reduce the cost of an annual audit.
Fund administration almost always includes shareholder recordkeeping as a transfer agent or participant recordkeeping for private funds. After the fund administrator calculates the net asset value, the NAV is allocated to shareholders as the value for each of their shares or allocated to participants as their percentage of the fund value.
The legal and compliance aspect of fund administration is more of an issue for registered investment funds, mutual funds and ETFs. Registered funds must comply with SEC reporting requirements on an annual and semi-annual basis, including updates to the fund prospectus and periodic financial data filings. Many fund administrators also fill the important role of Chief Compliance Officer (“CCO”) for the fund. Nottingham’s in-house legal team of attorneys and paralegals is an integral part of our client’s fund administration.
An administrator can cover everything except investment decisions and the core tasks of gathering assets. By outsourcing and receiving these services from Nottingham, you will benefit in several different ways. You will have more time to focus on other responsibilities, it will reassure investors, and you will receive insight and expertise to help your business run more efficiently.