With a fully integrate fund administration system and our dedicated team of Bain experts supporting your fund and a single point of contact, we strive to deliver timely, accurate and independent portfolio administration through the use of cutting edge technology and highly qualified personnel.
Bain Financial Service provides the following fund administration services:
Portfolio Accounting
-
Preparation of daily/weekly/monthly/quarterly net asset values
-
Bookkeeping & maintenance of accounting records
-
Provision independently priced and valuation of portfolio
-
Bookkeeping and Maintenance of accounting records
-
Preparation of audit requests
-
Monitoring and recording fund expenses and all corporation actions
-
Customized reporting, risk reporting and forecasting
Investor Accounting & Services
-
Maintenance of investor registers and documents
-
Preparation and distribution of financial statements
-
Processing of all distribution notices and capital calls
-
Investor communication
-
Distribution of investor reports
-
Process of fund expenses and investment
US Tax Services
-
Preparation and review of US and state tax returns
-
Maintenance of tax basis of investments and capital accounts
-
Work with investors to understand tax implictions
-
Preparation of Schedule K-1 documents and distribution
Directorship Services
-
Appointment of experienced Independent Director(s)
-
Board meeting attendance in person and via teleconference
-
Regular review of performance and financial statements
-
Review and approve annual audited financial reports and related documents
Fund Valuation
-
Full trade and cash reconciliation to prime broker records;
-
Preparation of independent pricing and fund valuation;
-
Processing of corporate action and dividend reconciliation;
-
Monitoring fund expenses and timely payments;
-
Calculation and allocations of NAV
-
Preparation of audit requests.
Fund Formation & Structuring
-
Assistance and guidance on fund formation
-
Review of offering documents, agreements and procedures
-
Coordination of the establishment with lawyers, auditors, tax advisors and bankers.
-
Assistance with search and appointment of non-executive directors
-
Liaison with investors and assistance with anti-money laundering requirements
FATCA Services
-
Identification of entities
-
Registration FFI with IRS and Obtain GIIN
-
Provide due diligence assistance, reviews and support
-
Onboarding and ongoing maintenance to documents will be organized and kept on file to support FATCA compliance.
Cayman Exempt Fund Services
-
Provide a comprehensive package of services including a director or officer, registered office and fund administration services
-
Provide customized unit pricing operations
-
Reduce operational risk and portfolio valuations