18 January 2011
For years now I have been sending the message that good quality fund administration for a fair price can help asset managers raise assets and grow their businesses. The reverse is also true in that poor fund administration can not only stop good managers growing their businesses but also cause fund redemptions.
I have also been insisting that the perceived headache of moving fund administration is worth it when it delivers lower costs and better service.
Today a client announced that as a result of switching fund administration to Apex in a seemless way they reduced their costs significantly and raised a meaningful amount of capital as a result.
There is no better reward than delivering what you promise and seeing clients grow assets as a result of good fund administration for a fair price.