NorthStar Blog

25
Oct

How to Change Your 13F & ADV Reportable Settings

It’s almost Halloween! Time to be on the lookout for ghosts, goblins and of course, the spookiest of them all... regulatory filings! Find out how to exclude items from your13F and form ADV filings in this week's Tech Tip.

The post How to Change Your 13F & ADV Reportable Settings appeared first on Orion Advisor Services.

18
Oct

Tech Tip Thursday: How to Link ByAllAccounts and Make Hard-to-Get Data Less Hard to Get

In today’s Tech Tip, learn how to improve efficiency by linking your accounts from ByAllAccounts with your corresponding accounts in Orion without submitting a request for manual processing!

The post Tech Tip Thursday: How to Link ByAllAccounts and Make Hard-to-Get Data Less Hard to Get appeared first on Orion Advisor Services.

17
Oct

Millennials Ruin Everything

Content Provided by Michael Hadden – Investment Research Analyst Seriously. Just go online and look. In fact, this article cites 70 different things millennials have “killed,” an impressive feat for a generation spanning the ages of 22 to 37. So, if millennials are so great at destroying things we know and love, are they also...
12
Oct

The Question Advisors Need to Ask Fintechs: What About Your Funding?

When fintech companies seek to launch or grow, one question often becomes paramount: Where will the funding come from?

The post The Question Advisors Need to Ask Fintechs: What About Your Funding? appeared first on Orion Advisor Services.

11
Oct

Tech Tip Thursday: How Orion Can Help Advisors Seeking GIPS Verification

In this week’s Tech Tip, we highlight three tools available now at Orion to help your firm easily compile the data you will need during the GIPS verification process.

The post Tech Tip Thursday: How Orion Can Help Advisors Seeking GIPS Verification appeared first on Orion Advisor Services.

09
Oct

The Right Path

Content provided by Robyn Murray, Freelance Writer Colin Maloy always figured he’d be a dentist. His dad’s a dentist. His grandfather was a dentist. But when he finally got to dentistry school and sat down in class, he realized he hated biology. “It was the most painful thing in the world,” he recalled. “I did...
02
Oct

Launching a Registered Fund: Is it Right for You?

This is part one of a series about determining if you’re a fit to start a registered product and how to get it off the ground.

You have a successful investment strategy idea. Perhaps you’re currently using it in your SMAs. You’ve done the math and know that you’re missing out on revenue by turning away smaller accounts. You know there’s demand for your strategy, but you’re hesitant to start a registered fund (mutual fund or ETF) because you don’t know if it’s right for your firm and because you’re concerned about the resources you’ll need to get it off the ground. That’s understandable, and it’s wise to critically evaluate your business and all potential scenarios before taking the leap into fund management.

What to consider

What benefits might I gain?

Recouped revenue
As you know from using our mutual fund calculator, creating a mutual fund can help you alleviate that pain of turning away assets because they don’t meet your SMA minimums. A fund may help you recapture or gain some of that recurring revenue you might be missing out on.

Potential efficiencies
In addition to extra revenue you may earn from operating a fund, you may also realize efficiency benefits such as reduced trading costs/activity and the ability to leverage research and investment ideas across your fund clients.

What’s it going to cost?

  • Setup and organization: $45,000 to $100,000, depending on the fund’s complexity and service providers selected. These expenses may be recouped by the advisor from the fund, subject to certain conditions.
  • Annual fund operational expenses: variable, but average approximately $200,000 based on a minimum fee structure. These are considered fund expenses and are generally paid by the shareholder, subject to the fund’s expense cap.
  • Distribution: extremely variable, depending on if your primary objective is to gain operational efficiency or if you are looking for additional distribution opportunities. Please contact us to discuss.

If my objective is to grow my business, how is operating a fund going to help me find new clients?

It’s all about distribution. No matter how strong your strategy is, distribution is truly key to the success of your fund, and one for which you must budget adequately. Beyond setup and ongoing operational costs, much of your investment should be earmarked for continuous sales and marketing. These costs are variable and, beyond compulsory platform fees, the amount you want to allocate to them depends on your desire to make your fund available to new investors through new channels. Although they don’t involve a defined cost, these dedicated distribution resources will be instrumental in your fund’s growth. Along with a great idea, to expand your distribution, you must have an entrepreneurial spirit and be committed to building a sales-driven organization.

Before considering a fund, it’s important to evaluate common characteristics of accounts you’re regularly turning away or not efficiently managing, as recording this type of demand in the planning stages will go far toward understanding the potential market for your fund. You will need to have a firm understanding of your potential target audience, taking into account varying market conditions, investment trends, and shortages in market offerings. Understanding your target client and how they approach investing is a crucial step in developing your fund; this is an area you can’t overlook. Good ideas must be marketed to a specific, appropriate group.

Check back next week, when we’ll go into more detail about how we help you determine appropriate fund structures, fee structures, and distribution platforms.

7756 GFS 10/1/2018 | 2139-NLD-10/2/2018

02
Oct

Tech Tip Tuesday: Billing Lockdown

Today’s Tech Tip Tuesday will help you solve for one of the most common quarter-end questions: how do I take my database out of lockdown once finished with billing?

The post Tech Tip Tuesday: Billing Lockdown appeared first on Orion Advisor Services.

01
Oct

It’s Time to Simplify Your Regulatory Filings with the Compass App

Organize your reporting data now and make your next regulatory filing simple using the latest dashboard available in Orion’s Compass app.

The post It’s Time to Simplify Your Regulatory Filings with the Compass App appeared first on Orion Advisor Services.

25
Sep

Tech Tip Tuesday: Quarter-End Dashboard Customization

In today’s Tech Tip Tuesday, learn how to customize your quarter-end process with Orion’s Quarter-End Dashboard to better fit your firm’s unique processes.

The post Tech Tip Tuesday: Quarter-End Dashboard Customization appeared first on Orion Advisor Services.