Foreside Success Story
Supporting a new Mutual Fund start-up with a range of compliance and distribution services
Foreside was recently approached by a new money-manager to provide the compliance services that are required to start and maintain a new mutual fund. The advisor was already working with a board of trustees as well as a service provider for custody, accounting, fund administration and transfer agency. The advisor had also engaged fund counsel.
Foreside was quickly able to provide suitable executive management to the fund; these officers are also responsible for completing the critical Sarbanes-Oxley certifications along with all other regulatory filings. In addition to executive officers, Foreside provided candidates to the investment company's board for the positions of chief compliance officer and anti-money laundering officer.
Foreside was also able to provide its distribution services to the fund, as well as sales material & advertising compliance and dealer agreement review.
Foreside staff worked closely with the adviser and its other service providers to review and authorize the initial registration documents: prospectus and 'statement of additional information'. Foreside provided training and guidance to advisor staff on advertising material compliance requirements and prepared a comprehensive 38a-1 compliance program for the fund boards consideration and approval.
Foreside was able to provide a number of critical compliance services to help ensure that this new fund launch was completely successful. This is a major benefit to the adviser as it enables them to concentrate on building an efficient money-management process, knowing that Foreside will work closely with the fund's administrator to ensure that the fund operates effectively for the benefit of its shareholders.
For further information about Foreside's comprehensive range of fund compliance services, and how we can help an adviser to concentrate on money-management rather than worrying about maintaining a fund's complex regulatory compliance responsibilities, please contact either:
RICHARD J. BERTHY
President and Partner, Foreside Financial Group, LLC
News
Jul 1 2008
Foreside is pleased to extend its existing service relationship with RMR Advisors, Inc. more
Jun 16 2008
Foreside welcomes the Allstate Financial Investment Trust as a new client of our firm. more
May 27 2008
Rich Berthy will assume the role of President, Foreside Financial Group, LLC from May 30th, 2008. more
May 07 2008
Foreside leases new office space in Columbus, OH to meet expansion plans. more
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Success Stories
Read about the successful experiences that our clients have had with our services.