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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FEATURE

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Gain Efficiencies with Integrated Fund Services

Improve the oversight, security and management of your funds by integrating our Custody, Transfer Agency, and Fund Accounting services. Our core capabilities can help address your complex challenges, whether you need access to liquidity or enhanced data-driven insights to help drive better business outcomes.

Features

  • Our fund accounting and administration technology is built to meet business information demands for funds and streamline operations. We combine our proprietary technology with best-in-class third party applications to provide our clients with a robust and efficient platform.

    Our architecture can handle expanding transaction volumes across various fund types and asset classes. Running globally across time zones—NAVs are calculated at multiple valuation points catering to local market requirements across multiple jurisdictions. A single instance of core systems and a global control framework reduces risk and allows our clients to focus on allocating their resources to their key business priorities.

    We have built our accounting solutions to be exception-based and provide rich reporting functionality. Our investment in digital technology such as APIs, widgets and dashboards helps ensure that access to data and its utilization is optimized, whether for accounting or administration purposes.

  • 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.

     

  • An innovative, provider-agnostic, suite of solutions to deliver greater NAV oversight and contingency for the investment industry.*

    Our capabilities include oversight and back-up NAV calculation solutions to complement our existing fund accounting offering for funds serviced by BNY Mellon or other providers. It delivers independently calculated NAV to provide protection and resiliency, and increase efficiency in the event of a provider outage. These solutions help to reduce dependency on internal shadow book, internal oversight, contingency solutions and other third-party software.

    NAV Review
     

    • Provides additional NAV validation and oversight of your fund administrators
    • Performs automated NAV validation rules and maintains a full audit trail
    • Aggregates fund accounting data directly from one or more service providers, reducing the need for manual collation
    • Provides insights and analytics that identify and alert to exceptions


    Oversight with Expected NAV
     

    • Calculates expected NAV based on previous day valuation, and current positions, market prices, transactions and other fund data in parallel
    • Expected NAV to actual NAV comparison and daily movement analysis identifies valuation exceptions for escalation with drill down capabilities
    • Aggregates data from one or more fund accounting service providers, eliminating the need for manual collation
    • Performs automated NAV validation rules and maintains full audit trail


    Back-up NAV, leveraging the strength of BNY Mellon
     

    • Simple, transparent fail-over methodology
    • Reliable over a multi-day outage period
    • Operates off independent data sources
    • Independent of service provider availability and primary accounting platform
    • Alternative dissemination path

    *These solutions are subject to relevant regulatory approvals.

  • 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.

     

  • 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.

     

  • 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

     

  • 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)

     

Business Insights

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Addressing Best Practices for NAV Resiliency and Oversight

To avoid disruption of critical activities such as the calculation of net asset values (NAVs) for both in-house and outsourced operations, the efficient implementation of alternative operating models is a top priority. Find out what asset managers need to consider to address best practices for NAV resiliency and oversight.

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Global Tax and Regulation

The global tax and regulatory landscape continues to evolve and increase in complexity.  Our experts bring you the latest insights and perspectives so you can navigate the global markets.

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OUR THINKING SERIES

Greater Gateway to China

As Asia Capital markets open and grow, they offer foreign investors opportunities to diversify their investments. With myriad access schemes and programs, how can foreign investors make sense of these schemes and turn insights into opportunities?

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A Powerful Solution for New Fund Launch

Launching a new fund can be complex and labor intensive. Discover how Global Fund Access can help simplify the process, creates cost efficiencies over operating a stand-alone fund, and gets you to market quickly.

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Storm Clouds on the Horizon?

Charles Hawkins, Vice President, Transfer Agent Regulatory Management, discusses the modernization of the SEC’s transfer agent rules release from a mutual funds transfer agent perspective.

Our Thinking

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Achieving Operational Excellence: The Role of Big Data

"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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