SERIES TRUST VS. STAND ALONE

Organizing a registrant and launching a mutual fund is a complex process with a broad range of requirements. With a series trust, the regulatory, compliance and operational structure is already in place, simplifying the process for the advisor and fund sponsor.

Management of the Trust
Listed below are processes and tasks required to operate a mutual fund. With a stand-alone registrant, fund management is responsible for these tasks. In a series trust, the Board of Trustees manages these tasks, minimizing resource requirements, risk and time-to-market.

  • Establish and maintain the registrant

  • Establish an independent Board of Trustees

  • Manage the Board schedule

  • Establish fund policies and procedures

  • Contract with service providers

  • Manage service levels

Cost Savings
A series trust offers cost savings compared to a stand-alone trust.

  • Trust-level expenses, such as Board of Trustee fees, directors and officers insurance and Blue-Sky state registration fees are allocated across funds in the trust

  • A trust typically has negotiating power with service providers due to scale and standardization

THE TRUST MANAGES THE ACTIVITIES OF THE REGISTRANT; YOU FOCUS ON GATHERING ASSETS AND MANAGING PERFORMANCE.