Three Hurdles Preventing Fund Managers From Switching Fund Administrator – And How They Can Be Overcome

Inertia is perhaps the main reason fund managers stay with fund administrators that no longer meet their needs in terms of service levels, technology, data quality and efficiency. This helps explain why switching proliferated after the COVID-19 pandemic when the markets calmed and there was time to reflect.

However, switching fund administrators does present challenges – though these can be overcome with the help of the right new provider. Our survey of fund managers identified the three largest concerns preventing fund managers from switching fund administrator.

What are the three main concerns preventing fund managers from switching fund administrator?

1.Speed and validity of migration of data (72%)