Advanced Fund Administration (AFA) recognized for “Best Offshore Fund Administration (2015) – Cayman Islands” by AI Offshore

1User Contributed News – We are extremely honoured to have been recognized for Best Offshore Fund Administration – Cayman Islands.

AFA is a SOC I compliant fund administration firm offering a boutique service approach, providing comprehensive and cost effective solutions to all types of fund structures and investment strategies.  AFA values each client relationship, partnering with clients throughout the fund lifecycle and beyond to address the complexities and challenges of their business and design solutions that meet client needs.

AFA Fund Administration services include fund accounting, investor services, cash management, year-end services, shadow accounting services, FATCA and regulatory reporting, registered office, and outsourced compliance services.

AFA Legal Resources provides offshore legal and fiduciary services to Cayman Islands and BVI domiciled fund structures.  Services include fund document preparation and incorporation of offshore entities, directorship services, corporate secretary services, virtual office services, private client and trust services, and liquidation services.

AFA Advisory Services provides fund managers with assistance in the development of websites and monthly hosting, design of pitch books and tear sheets including monthly maintenance of marketing materials, and assistance with business development opportunities for capital raise.

AFA’s client service model is built on a fully integrated accounting and reporting platform, allowing for straight-thru-processing and complete transparency.  Our state-of-the-art technology is designed to support our fund accounting and investor service teams, providing a scalable and efficient infrastructure to address client demands.  AFA’s Executive Management Team understands every aspect of a client’s business to deliver a high quality service, while remaining readily accessible to address client needs.

The financial services industry continues to undergo significant regulatory change, placing additional pressure on clients.  Transparency to investors and client counterparties, as well as adherence to varying levels of compliance requirements are critical, and have resulted in clients requesting additional support from their service providers.

AFA’s Executive Management Team has over 40+ years of combined experience in the financial services industry, including fund administration and auditing.  Our client service team consists of CPAs and Chartered Accountants having previous work experience at fund administration firms and audit firms serving the financial services industry.

Working in an offshore jurisdiction however, does not come without its challenges.  The consistent policy changes by the G20 group of countries, and other regulatory bodies such as the OECD and FATF, have significantly increased the expected output by offshore fund administrators.  As a result of these policy changes, clients are experiencing increased compliance costs, which in turn places additional pressure on fund administration fees and their ability to charge for these additional outputs.  AFA’s dynamic approach in offering clients a turnkey solution reduces the overall cost to our clients when compared to using several third party service providers.

AFA recently launched its Emerging Manager Platform (both US Onshore and Cayman Offshore) to offer early stage fund managers a comprehensive and cost effective turnkey solution, providing the necessary infrastructure to support new fund launches while minimizing fund start-up costs.  Fund managers receive a high quality service from top tier SOC I compliant service providers at significantly reduced fees.  Services on the platform include legal, prime brokerage, fund administration, cash management, advisory, audit & tax, and compliance.

Receiving an Offshore Excellence award further strengthens our position in the financial services industry as a recognized service provider, and differentiates AFA from its competitors.  In today’s heightened regulatory and compliance environment, being selected as Best Offshore Fund Administration – Cayman Islands, in conjunction with our SOC I certification, provides additional comfort to clients and investors conducting due diligence on our firm.


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