Spectrum’s
Onshore fund administration services include the following
features:
- Fund Set-up: Establish accounts, connectivity to prime
broker(s), input contact information, etc.
- Investor Due Diligence: anti-money laundering and know
your customer activities, subscriptions and redemptions,
investor inquiries, etc.
- Calculate Net Asset Value (NAV) including full accruals
for operating expenses, incentive fees, commissions and
other fees.
- Prepare monthly bank account reconciliations and verify
that all expenses have been authorized by the fund(s).
- Create journal entries and post all transactions to
a general ledger. All subsidiary ledgers and statements
will be reconciled to the general ledger on a monthly
basis. Maintain the following subsidiary ledgers on a
monthly basis:
- Balances due to and from brokers
- Accruals and payables
- Other income, commissions and expenses
- Shareholder equity or partners’ capital
- Prepare monthly financial statements, including:
- Balance Sheet
- Income Statement
- Trial Balance
- Statement of Operations
- Statement of Changes in Partners' Capital
- Investor Relationship Management (IRM): a tool which
enables you to view such key information as subscription
history, capital balance, ROI, 3rd party affiliations,
etc.
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