NEW YORK & MIAMI--(BUSINESS WIRE)--Kaufman Rossin Fund Services LLC (KRFS), a top-rated fund administrator, today announced the successful preparation and filing of Form PF with the U.S. Securities and Exchange Commission (SEC) on behalf of their Registered Investment Advisor clients.
KRFS extended its proprietary software, KRFS LIVE TM, to accommodate Regulatory Reporting Services. KRFS is one of a handful of fund administrators who chose to tackle this regulatory requirement using an in-house solution. The flexibility of the Regulatory Reporting module of KRFS LIVE TM combined with KRFS experienced personnel allows clients to effectively meet their compliance obligations. The Regulatory Reporting Services are also being expanded to include other compliance requirements in addition to Form PF such as Form CPO-PQR.
“As a full service fund administrator providing vital support services to approximately 300 private funds, KRFS is in the optimal position to ease the burden of additional regulatory reporting for our clients,” noted Joshua Altchek, Director at KRFS. “The vast majority of the data required in Form PF is a natural by-product of our core systems," added Altchek. “The few data points that we may not have captured before Form PF are now seamlessly integrated into our workflow. This flexible solution also allows us to include and aggregate funds seamlessly, even those that we don’t administer.”
KRFS completed the forms and submitted them via an XML file to the SEC utilizing the Private Fund Reporting Depository (PFRD) which is a new electronic filing system that facilitates investment adviser reporting of private fund information. KRFS LIVE also generates a user friendly PDF output for ease of review and incorporates a custom built validation procedure prior to submission to ensure the integrity of the data.
In the words of KRFS client Doug Bonnette of Crestone Capital Advisors LLC, “We are thrilled to be able to outsource the production of Form PF to KRFS, this is a perfect example of a value-add service we expect from our fund administrator.”
About Kaufman Rossin Fund Services
Established in 1994, Kaufman Rossin Fund Services (KRFS) is an independent full-service provider of administration services to the investment community. Born out of one of the nation's top CPA firms, KRFS maintains top-tier technical skills, quality control practices and technology. KRFS "Goes Beyond" its competition by delivering expertise in the complex areas of taxation, accounting standards and financial statement preparation. Clients worldwide rely on KRFS for startup, accounting and valuation, back-office outsourcing, investor services, tax services, customized reporting and corporate services. KRFS has offices in New York, Boston, San Francisco, Dallas, Cayman and Miami. For more information, visit www.krfs.com.
