Why Kensington?

When it comes to choosing a fund administrator, there are many factors that fund managers need to consider. Cost, quality of service, responsiveness, and ownership structure are just some of the important considerations. One firm that stands out in all these respects is Kensington Fund Services.

One of the key advantages of working with Kensington is their commitment to providing an excellent client-focused service. Unlike larger firms that may prioritize profits over client needs, Kensington has built their business on the principle of putting clients first. This means that they are highly responsive to queries and are always willing to go the extra mile to ensure that their clients are satisfied.

Another advantage of working with Kensington is their ability to set their fees lower than their competitors. This is possible because of their lean operating model and lack of overheads associated with larger firms. This means that clients can benefit from the same high-quality service as larger firms, but at a much lower cost.

Of course, cost is not the only consideration when it comes to fund administration. Quality of service is also a critical factor. With Kensington, clients can be assured of a high level of expertise and professionalism. Their team of experienced fund administrators has a deep understanding of the industry and is able to provide tailored solutions to meet the unique needs of each client.

Kensington uses PFS-PAXUS which is a leading fund administration accounting platform and is used by some of the largest fund administrators in the industry.  For pricing portfolios, Kensington uses Bloomberg.  Kensington does not compromise when it comes to technology and insists on using the best software available.

Finally, the fact that Kensington is privately owned is also an important consideration. Unlike larger firms that may be beholden to shareholders or other stakeholders, Kensington is able to make decisions based solely on what is best for their clients. This allows them to be more agile and responsive to changing market conditions, which is particularly important in the fast-paced world of fund administration.

In conclusion, there are many reasons why funds should consider engaging Kensington Fund Services as their fund administrator. With their focus on providing an excellent client-focused service, their ability to set fees lower than their competitors, their responsiveness to queries, and their status as a privately owned firm, they offer a unique combination of benefits that is hard to find elsewhere in the industry. By choosing Kensington, fund managers can be confident that they are getting the best of both worlds – high-quality service at a lower cost.

For more information on engaging Kensington as your fund administrator, please contact Graham MacDonald.