Fund Services means services as Distributor, Investment Advisor, call management, fulfillment and marketing services (even if not provided in a role as Distributor), fund accounting services, custody services, transfer agent services, fund administrative services, shareholder services, cash management services and the etc.
Fund Services In South Africa
IQ-EQ provides a full-fledged fund administration services to South African funds, including the performance of fund accounting services, acting as transfer agents and registration agents for such funds.
Handling investor queries and requests for copies of investor reporting
TRANSFER AGENCY
• Maintaining the register of shareholders, members, unitholders or partners and processing any change requests submitted by investors
• Delivery of investor communications such as fund notices, financial statements or other materials in accordance with the policies of the fund or as requested by the fund manager
• Processing all investors’ cash flows in and out of the fund in respect of capital calls and distributions.
• Establishing the tax status of investors in line with FATCA and OECD CRS requirements
• Perform AML/ KYC checks on investors in the fund on behalf of the fund in line with applicable anti-money laundering and counter terrorist financing legislation
• Processing all drawdowns, distributions and transfer instructions (as applicable) when received from investors or fund managers
• Processing foreign exchange transactions in relation to investor activity
• Issuing capital accounts and quarterly reports to investors
FUND ACCOUNTING
Net Asset Value (NAV) calculation and accounting
• Preparation of quarterly and annual accounts
• Maintenance of the fund’s financial books and records
• Payment of the fund’s expenses
• Calculation and payment of dividends and distributions
• The backup and maintenance of documents underlying the books
• Supervision of the orderly liquidation and dissolution of the fund
• Audit liaison
CORPERATE SERVICES
Establishment services
• Provision of registered office
• Company secretarial services
• Bank account opening
• Tax computation and filing
What fund services do?
Fund administration
Cash and securities transactions accounting.
Securities pricing and portfolio valuation.
Income, expense and capital accounting.
Net asset value (NAV) calculation.
Client reporting.
Cash and securities reconciliation with custodians.
Preparation of GAAP financial statements and audit support.
How do I become a fund manager in South Africa?
A diploma or degree is usually necessary for entry into the profession of fund management. Qualifications in business studies, management, statistics, finance, mathematics, accounting or economics can be helpful, as can an MBA or similar professional qualification.
What qualifications do I need to be a fund manager in South Africa ?
This career is open to both graduates and school leavers. Graduates will need a 2.1 degree in any subject, though business studies, management, statistics, finance, mathematics, accounting or economics can be helpful, as can an MBA or similar professional qualification.
How long does it take to become a fund manager in South Africa ?
t will take you 4 years to obtain a bachelor’s degree and 1-2 years to get a master’s degree. You can consider seeking an internship during your last year in university to get that on-job experience.
What is the duty of a fund manager in South Africa ?
A fund manager is responsible for implementing a fund’s investment strategy and managing its trading activities. They oversee mutual funds or pensions, manage analysts, conduct research, and make important investment decisions