Accounting for Separately Managed Acs

Discussion in 'Professional Trading' started by JTrader7, Jan 9, 2007.

  1. JTrader7


    Hi can anyone pls recommend a reputable, reasonably priced accountant (preferably asian based) to assist with preparing NAV, incentive and management fees for separately managed accounts (commodities & Asian equities). Minimum ac size is $500K so costs are a key consideration. An indication of typical cost for the above on a $500K - $2M account would be very helpful.

    Also, the administrators & accountants I've spoken with are suggesting monthly rather than daily NAV calculations so as to keep costs down - is this standard practice with SMAs, and will investors likely accept / be happy with this arrangement?

    Finally any thoughts on how the above stacks up against purchasing inhouse software would be useful - My lawyer advises against, due to potential conflict of interest in case of fee calculation disputes.

    All thoughts welcomed

    Thanks in advance