The Situation

An investment team comprised of a portfolio management services company and a brokerage services company needed an additional platform to manage clients' assets. They were interested in diversifying their investment offerings and broadening their distribution opportunities. Starting a mutual fund would help them fulfill those goals but the investment team didn't have the start-up experience necessary for starting a mutual fund.

How Gemini Helped

Gemini brought the fund to market with our broad range of turnkey services. We handled everything from the beginning planning stages to regulatory compliance and registration to the fund becoming effective. The fund was started in Gemini's shared trust fund family to take advantage of operational efficiencies and reduced start-up fund expenses. Since the launch, Gemini continues to provide ongoing support for the fund through our administration, accounting and transfer agency services.

The Benefits

The investment team was able to provide more diversified investment offerings to their clients. Because Gemini handles the day-to-day operations of the fund, the investment team is able to focus their time on managing portfolios and raising assets.

By launching the fund in Gemini's shared trust, expenses for auditors, fund counsel, trustees, insurance and registration were reduced. The fund benefits from shared compliance and board oversight with other funds as well as operational efficiencies through Gemini's management of corporate, board and regulatory governance.