Andrew Rogers Quoted in Money Management Executive:

Daunted by the increasing complexity of regulatory and technology demands, asset managers say they are turning to outsourced help, or at least are considering offloading administrative responsibilities.

“The barriers of entry to launching funds continues to get higher each year,” says Andrew Rogers, CEO of fund service provider Gemini Companies.

“The technology requirements for operations are very daunting, and the cost associated with operational software is too expensive for most asset managers. In addition, specialized services for compliance and distribution become more demanding each year. I believe most advisers would like to focus on managing and raising assets and adviser compliance.”

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