LOOKING TO UNDERSTAND THE MARKET PLACE / COMPARISON OR POTENTIALLY CHANGE ACD
Once clients are working with an ACD we actively encourage all clients to review their ACD setup every couple of years due to the market place and the fact each ACD is so unique, developing all the time through technology and product development.
We never send out basic, standard RFPs or RFIs for clients, as the answers that come back are generic and don't help clients who are experienced with an ACD.
We do however investigate the current setup, assess what works well, what could be done better and any mistakes made along the way to provide value for the clients we work with.
On this basis we work with all ACDs to find the best solutions for clients and have developed a matrix based on the client criteria, requirements which clearly identifies the best 3 ACDs for selection based on weighting and a mathematical calculation.
Whenever we do an ACD review for clients it always consists of the ACD and ancillary services connected to them in order to ensure the client has the right setup for what they are looking to achieve which includes,
1. Fund Accounting
2. Transfer Agency
All ACDs and ancillary services can work with each other so the choice and options are really down to what is right for the client. This isn't always easy for a client to understand or select which is where Lloyd Expert Consultancy come in. We are experts in this field and have a number of examples where we have saved the client in the long run from making a mistake for the future.
Finally we ask any client who works with an ACD the following questions,
- Do you know how much Bps you are paying and how that compares to the market place?
- Are you on a tiered fee basis with minimum fees?
- What is the breakeven point?
- What is the minimum fee for the depository and custodian?
- What is your current OCF and how does that compare to the market place?
- Do you know what services you are paying for and how that relates to your funds and clients?
- What breaches have happened in the last 24 months reported or not?
If you have had to look up the answer to any of these questions it is worth getting in touch with us today.
If you are thinking of setting up a fund or want to know what is involved then look no further. We will explain what this means, how it works and what you need to think about when selecting an ACD.
We will help you to select the right ACD for your business, review your current setup, provide support if you decide to switch and setup funds from scratch.
We meet all clients initially free of charge to discuss the ACD process in more detail and the process for funds.
If any of the above is relevant for you then don't delay, please get in touch, firstname.lastname@example.org