Mutual Funds and Mutual Fund Advisers

Mutual Fund Compliance Services

Vigilant is an Award Winning and Industry Leading Compliance Firm that continues to remain Independent and Privately Held delivering Clients with end to end Solutions that they can trust. We provide Outsourced Chief Compliance Officer (“CCO”) or Compliance Support (“CCO Support”) for Open-End Mutual Funds, Closed-End Mutual Funds, and Multi-Series Trust.

Vigilant’s Mutual Fund Group currently serves as Outsourced CCO and CFO providing guidance and advising on regulatory, operational and governance matters that include the following:

  • Adviser CCO and CFO Support Services
  • Outsourced Fund CCO and CFO/PFO Services
  • Investment Adviser Compliance and Oversight
  • Fund Registration Support
  • Service Provider Selection and Due Diligence
  • Service Provider Integration and Coordination

In addition to our Mutual Fund Compliance process, an additional layer critical to the effective performance of the CCO function is oversight of Mutual Fund service providers such as,the Fund Adviser, Fund Accountant, Administration, Custodian, Transfer Agent, Distributor, and Principal Underwriter.

A Fund’s Compliance with the Investment Company Act of 1940, the Securities Exchange Act of 1934, the Securities Act of 1933, and other Regulations takes careful analysis and planning, and Vigilant brings both to Mutual Funds.

Protect Your Firm With Mutual Fund Compliance Services

Any firm that outsources SEC compliance to Vigilant helps reduce the risk of violating federal and state regulations and incurring costly penalties. Our Mutual Fund Compliance Services can also offer a host of additional benefits including:

  • Access to Expertise: Our Mutual Fund Compliance Consultants stay abreast of the regulatory changes, preventing your firm from committing an unintentional violation.
  • Cost Savings: Outsourcing is often more affordable than hiring and maintaining an in-house compliance officer or team. You’ll avoid paying for add-ons like fringe benefits and bonuses, and you won’t incur the costs associated with employee turnover.
  • Proactive Approach: Firms may not recognize a compliance violation until it’s too late. Our Mutual Fund Compliance Consultants have the experience to anticipate potential issues and implement preventive measures.
  • Dealing with Regulators: The SEC and other regulatory agencies have strict protocols for responding to inquiries, reporting and filing documents. Our in-depth knowledge of the system and how it works can save time and prevent costly mistakes.
  • Scaling Flexibility: As your firm grows, your compliance concerns and needs will likely increase. Vigilant has the resources to scale quickly to keep pace with your evolving requirements.

Stay Within SEC Regulation

Mutual Fund compliance requires Investment Advisers to abide by four primary securities laws, which are:

  1. Investment Company Act of 1940: This law regulates the operations and structure of mutual funds. It stipulates that investment firms and advisers maintain detailed records, take appropriate measures to protect portfolio security and file semiannual reports with the Securities and Exchange Commission (SEC).
  2. Securities Act of 1933: This act mandates the registration of all public securities offerings, including mutual fund shares. It also requires investment firms to provide their clients with a current prospectus describing the fund.
  3. Securities Exchange Act of 1934: The 1934 Act regulates anyone involved in selling mutual fund shares, including broker-dealers and principal underwriters. It requires them to maintain extensive records, segregate client securities in custodial accounts and file annual reports with the SEC.
  4. Investment Advisers Act of 1940: This act requires the registration of all mutual fund advisers. It contains numerous anti-fraud provisions to protect investors and mandates that advisers adhere to specific recordkeeping and reporting guidelines.

By Outsourcing Mutual Fund Compliance to Vigilant, you’ll benefit from expert guidance to help you follow these regulations. You’ll gain a peace of mind and have more time to focus on what matters most — serving your clients.

We Have the Knowledge and Skills You Need

With team members in New YorkPhiladelphiaBoston, Texas, Metro Washington, D.C., Pittsburgh, Tennessee, Georgia, Florida and around the nation, Vigilant is well positioned to help your business create and sustain an effective Mutual Fund Compliance Program.

Contact Vigilant today to learn more about how we can help with a new Fund launch or on-going Compliance.