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Following is a list of typical operational costs on an
annual basis for a mutual fund.
Take, for example, a $15 million dollar mutual fund - The $15
million dollar fund with total operating expense ratio of 1.5% generates
$225,000 per year in revenue netting $92,800 after expenses. As the fund grows,
the net income to the advisor can increase as a percentage of operating costs
since service provider fees are reduced as size increases. This scenario is used for example purposes only.
Our experience has shown that a fund can cover all of its expenses
except management fee with $10-$15 million in assets. Commonwealth will work with the
advisor to contain costs for the first year or two of operation.
To learn more about starting a mutual fund or to obtain a quote for
startup services, please contact us at (800) 651-0424 or complete the form on
Commonwealth Fund Services, Inc. | 8730 Stony Point Parkway, Suite 205 | Richmond, VA 23235 | 800.651.0424 | All Rights Reserved