- June 27, 2020
- Posted by: Vincent Sarullo
- Category: Fund Administration, Hedge Funds, Management, New Funds, Switching to Tower
Hedge Fund Managers are Switching to Tower
Switching to a new hedge fund administrator is easier than you think.
This blog post explains why new funds choose Tower, and why existing hedge fund managers are switching to Tower at such a high rate and of the monthly total of 3-5 new clients, an average of 1/3 are hedge fund managers of existing funds switching to us from another administrator. The other 2/3’s are hedge fund managers launching new funds.
Why do newer funds choose Tower? We have a reputation as one of the most approachable, nurturing, and empowering fund administrators in the industry.
We make it our mission to provide our hedge fund managers with tools they need to launch and manage their funds. From Vincent Sarullo’s book, to inspirational words, and maybe even the occasional pep talk, Tower is on your side.
“Very positive experience transitioning to the Tower Fund Services platform from another administrator. Tower is excellent for an emerging manager and the team is extremely professional. After six months in, the service and delivery are both best of class. I would recommend to any new or existing manager to give Tower a try.” – Allen A., Hedge Fund Manager , Old Greenwich, CT
Why do Funds Switch to Tower?
Most clients switching to Tower report these top three reasons for switching:
1. Superior Customer Service
Tower prides itself on being accessible to our customers. By phone or by email, you will reach a fund associate when you need one. Our founders are always accessible to our clients as well.
2. Timely NAVs
Don’t worry that your NAV’s will be late. We provide timely NAV’s. No excuses.
Tower can save clients up to 75% off the average monthly fees they might be paying. It’s true. Try our quote generator for an instant quote emailed to you.
What does Tower Need to Switch Your Fund?
1. Your last NAV package
2. Fund Documents (which we would need were you a new client)
3. Bank Access
4. Broker Access
5. Scanned Investor Sub-Docs
Switching your administrator will cause no disruption to your investors and can be completed within days.
“We recently switched to Tower from a larger fund administrator and WOW, the experience has been night and day. Not only are they very price competitive, their expertise and excellent communication has dramatically simplified our monthly administration procedures. They have even offered to undertake extra tasks when we were pressed for time. We could scarcely have asked for a better service in any way.” – Summer T. Director of Investor Success for a Direct Lending Fund , Denver, CO
Generate a Quote
Still have questions about switching your fund from another administrator to Tower? Contact Vincent Sarullo, email@example.com. He is happy to answer your questions and ease your mind about the switch.