Hedge Fund and Limited Partnership Services
Hedge Fund - Limited Partnerships have unique compliance and organizational
requirements. Clients are helped in identifying individual needs, and then
provided customized services tailored to meet those needs. These customized
services may include:
Start-up Requirements:
- Identify federal and state Investment Adviser registration requirements
of General Partner.
- Prepare Form ADV; ensure consistency with offering material. Prepare
Investment Adviser registration materials for all states, as required.
Provide start-up files for registration documents.
- Identify Blue Sky filing requirements of the investment vehicle. Prepare
filings, or work with attorney, to ensure all filings are completed in a
timely manner.
- If appropriate, provide both ERISA and non-ERISA advisory agreements for
separately manage accounts.
- Assist professionals to schedule and prepare for required FINRA
examinations, if required.
- Train personnel in all aspects of day-to-day operations and the trading
cycle -- including placing trades, tracking settlements, reconciling broker
statements, record keeping, and portfolio accounting. Establish effective
filing systems for regulatory compliance in all areas.
- Develop personal security transaction policy and insider trading policy
based on existing trading practices; provide required regulatory
documentation.
- Review partnership agreement and offering material for compliance with
investment adviser regulations and reasonable operational requirements.
- Work with attorney to ensure that all partnership and corporate filings
(if appropriate) are submitted to regulatory agencies in a timely manner.
Ongoing Support:
- Respond to most compliance and organizational questions surrounding the
investment advisory and hedge fund environments.
- Provide compliance calendar and timely reminders of regulatory filing
requirements; identify regulatory filing requirements for partnership and
investment adviser in additional states; complete filings or provide
assistance in preparation of filings.
- Provide expertise in day-to-day portfolio accounting and trading issues;
work with brokers (including prime broker) to establish accounts and good
working relationships; work with bookkeepers and accountants to facilitate a
smooth audit.
- Review ongoing compliance with investment advisory and other regulatory
requirements; review executed subscription agreements as received for
compliance with offering material and regulations.
Exams:
Generally, the fund managers must register as Registered Investment Advisers
-- requiring a Series 65 exam or a combination of the
Series 7 and
66 exams.
If the fund is going to trade commodity futures contracts, the
Series 3 exam is often required.
Passing the exam is not the only step; you must complete the entire
registration process and pass all exams before any solicitation begins.
Contact us at (800) 648-7277.
Need a test application form U-10?
Click here
Click here to
order or to see a description of the study programs.
|
