The 21 participants in the 2011 Survey represent more than $6.4 trillion in 1940 Act mutual fund assets under management, or 54.7% of US mutual fund industry assets at year-end 2010.
The Survey addresses a range of issues that include:
â¢ Cost analysis by transfer agency function
â¢ Comparisons of costs by distribution channel and function
â¢ Average account size by distribution channel
â¢ Servicing model cost analysis
â¢ Processing efficiencies
â¢ Self-service initiatives, capital expenditures and strategic initiatives
The Survey breaks down costs by 10 transfer agency functions in 7 different distribution channels.
The 2011 Transfer Agency Cost Survey results are presented in three components:
â¢ Board Report shows the results in a concise format that is designed to fit within the typical 20-minute board presentation format, and provides a high-level review of the Participantâs results.
â¢ Management Report can be viewed as an Executive Summary of the survey results; it explains the survey methodology and provides results in much greater detail than the Board report.
â¢ Survey Results â Analytical View is designed to accompany the Management Report and provides significant detailed survey data.
Each Participant receives a report identifying their firm next to each data in all charts and graphs. The results for all other Participants are identified only by number to ensure confidentiality.
As with all Barrington surveys, results are published only to participating firms. The survey will be conducted again in 2013, based on 2012 data.
The Transfer Agency Cost Survey will be conducted again in 2013.