How To Ensure A Smooth Transition When Switching Third-Party Fund Administrator

Planning is key to a successful fund migration.

6 tips to ensure a successful migration to a new third-party administrator:

1. Audit your existing providers

Establish the parameters of the transition - which services and funds do you want to switch?

2. Research your incumbent fund administrator's notice periods

Ensure you have all the contact details and information they need to cooperate effectively with your new provider.

3. Research and shortlist new providers

Prepare a list of questions for them that covers any challenges that are unique to your company. Your due diligence should include a review of your new provider's migration process. The onboarding team should be able to tell you how they will deal with any specific challenges you foresee.