Surely there are ways to control these costs, but the bottom line is the costs are still material. With an independent fund group the promoter must also make distribution arrangements with the states in which the fund is to be sold. Using the Turn-Key approach, there is one fee for the establishment of the fund and the setup of all service arrangements. Assets are managed and marketed by the fund promoter. While the economies of scale are evident when fund assets reach higher levels, the start-up period for a fund is costly.
Cost is dependant on the type of fund and fund features.
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