Fund Accounting Cost Survey 2011

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Cost: $12000.00
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Mutual fund companies are increasingly concerned with understanding and controlling their costs, especially in the area of Fund Accounting.  Since 2007, Barrington Partners has conducted biennial surveys of leading fund companies, service providers and in-house/outsourced fund accounting operations.  Our just-published Fund Accounting Cost Survey 2011 is the third edition of this research.  Its broad purpose is to give the participants detailed information about their own costs compared with their peers.
 
Costs for fund administration, NAV calculation, legal and tax preparation (all covered in this survey) can vary significantly from one fund company to another.  These variations are caused by differing amounts of total assets under management, differing AUM per individual fund, differing numbers of classes and the like.  We have developed a number of approaches that together allow us to compare, in an apples-to-apples fashion, the fund accounting costs borne by disparate fund companies.

As in our 2009 survey, this 2011 edition measures participating firms on five key metrics:

  1. Volumes
  2. Automation
  3. Complexity
  4. Costs
  5. Quality

Each participant receives a report with their firm’s initials next to each data point in all charts and graphs.  For confidentiality, other firms are just numbered by the order they fall in each chart of graph.

Within each broad metric, we collect data about a number of key issues that together comprise a detailed look at that metric.  We then present these data points as benchmarks comparing all the participants.  Each participant receives a customized report that shows their specific benchmarks in comparison to the other, unattributed ones.  In 2009, the 11 participants were from both the US and Canada, with nearly $3 trillion in assets under management.

As with all Barrington industry surveys, results are published only to participating firms.  The cost to participate in this survey was $12,000.  The survey will be conducted again in 2013; firms interested in participating should contact Barrington Partners.

Confidentiality:

The information collected by Barrington Partners is sensitive. To protect participant confidentiality, each survey participant is identified in the Survey by letter or number. In certain instances, no identifiers are used. Where a participant’s response diverges so substantially from other participants that an overall finding would be skewed, that response is treated as an outlier. Client firms participating in the survey must agree to keep the documents confidential and not share information outside their immediate firms.

We welcome new participants in this valuable research. Interested firms should contact:
Hubbard Garber: +1 617.482.3300 or Ellen Pedro: +1 617.320.9918