Blogs

Asset managers, are you exploring ways to enhance the tax efficiency and operational benefits of your client portfolios? Converting SMAs to ETFs under Section 351 could be the strategic move you need. Not only does this conversion offer tax advantages, but it also streamlines processes and expands distribution capabilities for your strategies. However, careful planning, client approvals, and coordination with custodians are essential for a successful transition.  At Ultimus, we specialize in guiding asset managers through SMA to ETF conversions. Leverage our expertise and comprehensive ETF solutions to streamline the 351 process. Unlock new growth opportunities for your strategies and investors.

In the realm of private equity, success hinges on efficiency and expertise. As complexities grow in regulatory compliance, reporting standards, and data volume, many firms are seeking innovative strategies to enhance their operational management.

In the evolving world of private equity fund administration, offering client-focused services is essential, not just a competitive edge. With increasing competition, having a solid framework to understand and exceed client expectations sets you apart. Each fund manager is unique, with specific investment goals, risk profiles, and reporting needs.

On June 5, 2024, the United States 5th Circuit Court of Appeals issued a decision vacating the SEC private funds rule. The court determined that the SEC failed to justify the necessity and scope of the new requirements in relation to investor protection and market stability. The court’s ruling impacts all aspects of the previously established rule for private equity and hedge funds, effectively nullifying its application.

In recent years, many alternative fund managers have explored ways of enhancing operational productivity. Forward-looking firms have recognized that fund growth leads to increased operational volume, complexity, and operating expenses, and as with most things, one size does not fit all when it comes to outsourcing.

Regulatory change is here for Private Fund Advisers. As of August 23, 2023, the SEC implemented new regulations and updates known as the “Private Fund Adviser Rules” (Rules) under the Investment Advisers Act of 1940. The Rules represent the most notable regulatory influence on Private Funds since 2010. These regulations impact both SEC-registered and unregistered private fund managers.