Launching a fund administration business is not much different than starting any other entrepreneurial venture. It’s important to understand why the particular business is of interest to you, determine the upside potential, and be realistic about the barriers to entry and resources needed to get it off the ground and ensure long-term viability.
Industry veteran Eric Warshal should know. As president of Fund Associates, a fund administrator based in Georgia, he has had firsthand experience launching a fund administration business. To best position the business for success, Warshal recommends five key considerations: weighing strategic factors, selecting technology, identifying the target market, establishing service offerings, and determining how to differentiate your business from competitors.Read More