Changing Fund Administrators Conversion Process

This whitepaper addresses the process of changing fund administrators and aims to dispel common misconceptions surrounding the conversion. It outlines the fears that fund management executives may have regarding the transition, such as concerns about time, resources, and potential disruptions. The document emphasizes that these fears are often exaggerated and presents the need for a new administrator as a sign of business growth. Key drivers for considering a change include cost, service quality, growth, investor expectations, and technology gaps. The paper details how a disciplined conversion process, supported by advanced technology, can facilitate a smooth transition. It stresses the importance of continuity during the conversion of historical data and the need for a provider with expertise in managing large volumes of unstructured data. The document concludes that switching administrators does not have to be complicated and can ultimately lead to improved service quality and operational efficiency.