It was increasing fund complexity that our client noted as a key reason for choosing to outsource their fund accounting processing to a third-party service provider allowing them to focus on their in-house areas of expertise. However, despite our client no longer performing their own fund accounting function having outsourced it to a TPA, they must still maintain oversight as they retain the responsibility to their clients to look after their best interests.
About Milestone Group
Milestone Group provides advanced software solutions to the funds management industry for asset managers, fund product manufacturers, fund distributors, life and pension companies, and fund service providers.