Investors can obtain all the details they require regarding their investments from the management reports of investment funds. They provide investment objectives, costs, holding details and performance – and numerous other aspects. Comprehensive reporting is essential for helping prospective clients find you and keeping existing ones.
Many family offices, investment managers and trustees rely on various ways to manage their investments and report on them. Some individuals employ Excel spreadsheets, while others utilize specialized software to monitor their funds. It’s crucial to have the right technology in place to ensure that the correct information is delivered at the right time.
In the ideal scenario, directors of investment funds should be provided with information and data which allow them to evaluate the adequacy of the fund’s fees and expenses, including those relating to the selection of portfolio securities. In addition, the independent directors of a fund should have the opportunity to read and review materials prepared by experts outside of the fund in connection with the evaluation of service contracts and fees.
To address these needs to address these needs, the Commission should consider whether it’s appropriate to require that certain fee-related information, such in dollars and included in fund account statements. Shareholders could then compare their fees to other funds and have personalized information.