--- title: Breaking Down Breaking Even in Mutual Fund Operations url: https://www.ultimusfundsolutions.com/insights/from-the-desk/blog/breaking-down-breaking-even-in-mutual-fund-operations/ updated: 2026-08-18T15:37:00Z --- # Breaking Down Breaking Even in Mutual Fund Operations Subscribe Authored by **Dave Carson** SVP, Director of Client Strategies **About Dave Carson** Dave Carson is Senior Vice President Client Strategies for Ultimus Fund Solutions. He is trustee of the Ultimus Managers Trust and Unified Series Trust and was formerly president of both series trusts. His primary responsibilities are providing expert assistance to investment managers considering starting a registered fund, counseling current clients and leading a team of seasoned relationship managers, in addition to his board service. × April 4, 2018 Early in the process of an investment firm contemplating starting a mutual fund, whether from scratch or by converting assets from another product, such as a SMA or private fund, the question of “break even” is almost certainly asked. Investment managers want to know when their investment in the operating costs of a mutual fund will pay dividends toward their own bottom line. What on the face seems like a simple question actually gives rise to many factors that need to be considered. But first, we need to address what does it mean to “break even”? * * * Ultimus’ Director of Client Strategies, Dave Carson, helps answer these questions in our latest insight article, **Breaking Down Breaking Even in Mutual Fund Operations.** **** Here, he discusses the various levels of break even, factors that play into breaking even, and best practices to help investment managers reach it sooner as they contemplate launching a fund. Read the full article [here](https://www.ultimusfundsolutions.com//insight-articles/breaking-down-breaking-even-in-mutual-fund-operations-why-there-is-no-blanket-answer-to-the-break-even-question/). ## Authored by **Dave Carson** SVP, Director of Client Strategies About Dave Carson Dave Carson is Senior Vice President Client Strategies for Ultimus Fund Solutions. He is trustee of the Ultimus Managers Trust and Unified Series Trust and was formerly president of both series trusts. His primary responsibilities are providing expert assistance to investment managers considering starting a registered fund, counseling current clients and leading a team of seasoned relationship managers, in addition to his board service.