Fund Services

Our fund services help you to enhance and oversee your investment process while helping you navigate Global financial markets.

Combining our global experience and commitment to client service, our full suite of services and innovative solutions support a wide range of fund structures and strategies and can help clients keep pace with the changing regulatory environment.

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Features

Fund Accounting

As one of the largest fund accounting providers, we are committed to setting the standard for technology solutions in our industry. We deliver an innovative solution focused on automation, STP enhancements and customized service level monitoring.

We support pooled investment vehicles in many of the world’s leading fund domiciles and our expertise encompasses virtually any security and product structure, including multiple class, master/feeder, hedge fund, multimanager, variable annuity, fund of funds, commingled funds and collective trusts.

Key features include centralized control, roll back and replay for an STP model as well as multi-currency multi basis which can help clients increase efficiencies by consolidating middle office (T0) and accounting (T1) onto a single platform.

Services include calculating and reporting NAVs, computing yields, reconciling accounts, maintaining expense files, coordinating bill payments, maintaining broker and commission ledgers, providing administrative support in connection with managers’ SEC requirements, maintaining certain fund records and responding to inquiries during account audits.

 

Fund Administration

BNY Mellon offers a full array of administration services to support your efforts to increase efficiencies and remain compliant with evolving industry regulations, so you can focus more of your resources on growing assets.

Putting our insight into the fund industry to work for you, we offer a full array of administration services including financial reporting, tax services, compliance and expense budgeting.

Our full-service capabilities allow you to make more efficient use of fund resources. We help you realize cost efficiencies by assuming routine fund administration responsibilities from your fund counsel and/or your internal staff.  Our team of experienced professionals prepares your fund’s documents with precision and in accordance with your specific deadlines. 

Providing comprehensive regulatory knowledge, we keep you current on technical matters and can help you address regulatory issues and developments via periodic calls, newsletters and regulatory alert communications.

 

Fund Start Up

BNY Mellon services a comprehensive, turnkey solution for a smooth, cost-effective mutual fund start-up that helps take the guesswork out of creating a new fund.

Whether established within FundVantage — a fund group created to launch and operate a fund in the most efficient manner possible — or as a stand-alone entity, the turnkey mutual fund solutions’ consistent approach can help provide a smooth, cost-effective start-up.

BNY Mellon can provide new fund consulting and has been approved to provide the fund accounting, administration, transfer agency and shareholder services, blue sky registration, custody and securities lending services.

Whether your goal is to diversify investment offerings, broaden distribution or embrace a new business strategy, we can help.

 

Tax Services

BNY Mellon’s automated suite of tax services offers an effective way to streamline your tax analysis process and provides an array of decision-support tools to help you to increase your accuracy and efficiency.

Leveraging our experience as a leading fund accounting provider, our tax services combine a staff of experienced professionals to assist you and analytical tools to help you make strategic portfolio investment decisions in a timely, efficient manner.

Through our modular and flexible technology architecture, our tax services are automated and integrated with our core accounting capabilities, or on a standalone basis. Whichever service model you choose, we offer a wide range of real-time functionality and compliance support features, including the ability to automatically process wash sales, perform excise tax calculations and analysis, and ready access to fiscal year-end information, tax adjustment calculations and analytical reports.

We also support preparation of all required federal and state income, excise and franchise tax returns for funds where we act as administrator.

 

Chief Compliance Officer Support

BNY Mellon offers chief compliance officer (CCO) support services designed to help comply with SEC Rule 38a-1 under the Investment Company Act of 1940.

Our integrated Rule 38a-1 compliance support covers many BNY Mellon services that touch your fund, whether you use our fund accounting and administration, regulatory administration, transfer agency or alternative investment services. Support services include:

  • 24 /7 access to BNY Mellon’s policies, procedures and summaries via a secure website 
  • Quarterly/annual certification letters relating to BNY Mellon’s activities under its 38a-1 compliance policies and procedures 
  • Periodic meetings with BNY Mellon to review policies and procedures and discuss industry best practices 
  • Annual CCO Forum providing interaction with industry experts 
  • Quarterly newsletters communicating relevant regulatory issues

 

Unregistered Funds Support

BNY Mellon’s support for pooled funds begins with product inception. Using our consultative approach, we work with you to assist in your development of product plans and provide information for your consideration in your decision making.

Our consultative approach to support your commingled fund offering provides implementation plans, sample documentation and personalized training related to our suite of supportive services. We work closely with other key service providers and can provide references for legal counsel, auditors, and others to support the launch of your new products.

As an experienced and skilled administrative partner, BNY Mellon can help you fully realize the advantages of commingled funds. We currently service the following fund vehicles: 

  • Delaware Statutory Trust 
  • New Hampshire Investment Trusts 
  • Limited Partnerships 
  • Limited Liability Companies 
  • Group Trusts 
  • Collective Funds 
  • Common Trust Funds 
  • Offshore Funds 
  • Mutual Funds 
  • Hedge Funds 
  • Turnkey Mutual Funds (FundVantage)

 

Insights

Mutual Fund Turnkey Solution

While many managers have the expertise to manage investments and risk and drive distribution, they often lack the capabilities to successfully launch a fund, including having administrative functions embedded in their operation. Brian Chorba, Head of U.S. Middle Market, discusses how BNY Mellon and the Mutual Fund Turnkey Solution help streamline new fund launches so managers can focus on their core competency.

Storm Clouds on the Horizon?

The SEC Transfer Agent Rules Release from a Mutual Funds Transfer Agent Perspective

Charles Hawkins, Vice President, Transfer Agent Regulatory Management, discusses the modernization of the SEC’s transfer agent rules.

celiing design

2016 Securities Lending Trends

After a bumpy ride in 2015, what trends can beneficial owners expect to see in the securities lending markets over the next 12 months?

A Powerful Solution for New Fund Launch

 

Recent market and regulatory changes have introduced new regulations making it increasingly complex to launch a fund. Discover the many advantages to using turnkey mutual fund platforms to launch new funds.

Recent market and regulatory changes have introduced new regulations making it increasingly complex to launch a fund. Discover the many advantages to using turnkey mutual fund platforms to launch new funds.

Navigating the DOL Fiduciary Standard Rule

 

The Department of Labor's (DOL) fiduciary proposal around retirement investment advice was released April 6, 2016. BNY Mellon is evaluating the much-anticipated final ruling to fully understand the implications for you and your business.

The Department of Labor's (DOL) fiduciary proposal around retirement investment advice was released April 6, 2016. BNY Mellon is evaluating the much-anticipated final ruling to fully understand the implications for you and your business.

Proposed Liquidity Risk Rules

Review of the proposed rule that would require mutual funds to establish and operate a board-approved liquidity risk program if the rule is adopted as proposed.

Our Thinking

"This 'big data difference' can drive a firm’s operational decision-making to evolve from a basis of historical analysis to data-driven prediction."

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