FUND ACCOUNTING: Business Statistics - Full-Service Providers

1 Min Read

Partner Insights from

Fund Accounting: Business Statistics - Full-service providers.

View Table

Printer Friendly Version

FUND ACCOUNTING: Business Statistics - Full-Service Providers

	ALPS, A DST Co.	Atlantic Fund Services	BNY Mellon	Brown Brothers	Citi	Gemini Fund Services	J.P. Morgan
FULL-SERVICE FUND ACCOUNTING ASSETS ($ MILLIONS)

40 Act Open-End Mutual Funds — full service	41,100	7,223	2,439,949	342,259	162,911	49,838	1,633,130
40 Act Closed-End Mutual Funds — full service	9,600	55	26,612	5,021	0	1,296	2,509
40 Act Unit Investment Trusts — full service	1,900	0	83,654	N/A	469,062	0	N/A
Non-US domiciled funds — full service	0	0	2,037,540	983,426	1,013,745	485	3,565,000
Pension Funds/Master Trust Funds — full service	0	0	5,381,155	3,547	138,454	0	3,124,511
Bank Common/Collective Funds — full service	0	56	520,839	N/A	47,003	0	223,996
Exchange-Traded Funds — full service	14,600	0	408,267	51,986	6,285	962	47,388
All other funds — full service	1,900	357	3,607,576	115,558	14,290	4,771	41,869
Total Full-Service Assets	68,100	7,691	14,505,594	1,501,796	1,851,750	57,352	8,638,404

TOTAL FUND ACCOUNTING ASSETS ($ MILLIONS)

40 Act Open-End Mutual Funds	41,100	7,223	6,284,557	342,259	162,911	49,838	1,633,130
40 Act Closed-End Mutual Funds	9,600	55	258,748	5,021	0	1,296	2,509
40 Act Unit Investment Trusts	1,900	0	83,654	N/A	469,062	0	0
Non-US domiciled funds	N/A	0	3,447,023	983,426	18	485	3,565,000
Pension Funds/Master Trust Funds	N/A	0	5,761,767	3,547	152,834	0	3,124,511
Bank Common/Collective Funds	N/A	56	520,839	N/A	683,255	0	223,996
Exchange-Traded Funds	14,600	0	413,043	51,986	6,285	962	47,388
All other funds	1,900	357	3,730,216	115,558	1,028,019	4,771	41,869
Total Assets	68,100	7,691	20,499,848	1,501,796	1,851,750	57,352	8,638,404

CLIENT INFORMATION
Total # full-service funds	219	71	33,951	4,011	7,426	510	20,044
Total # full-service fund complexes	67	37	2,991	153	274	115	678

BUSINESS ESSENTIALS
# of trades per year	300,000	51,000	**	**	**	1,400	N/AV
# of trades/accountant/year	10,000	3,400	**	**	**	**	N/AV
# of funds/accountant	7.5	4	**	**	**	3.59	N/AV

% total firm revenue from full service	N/A	62	**	**	**	24	N/AV
% total FA revenue from full service	100	100	**	**	**	100	N/AV

% for proprietary funds	14	0	**	**	0	0	N/AV
% for third party funds	86	100	**	**	100	100	N/AV

# offices outside of the US	0	0	83	9	16	0	11
# offices in Europe	0	0	26	5	5	0	5
# offices in North America (Non-US)	1	0	17	1	0	0	0
# offices in Asia	0	0	27	3	8	0	5
# offices in Australia	0	0	3	0	1	0	1
# offices in South America	0	0	4	0	2	0	0

PERSONNEL
# of accountants	55	15	**	**	**	116	N/AV
% of staff with specialized designations	5	20	**	**	**	1	N/AV


	Northern Trust	SEI	State Street Corp.	Ultimus Fund Solutions	UMB Fund Services	U.S. Bancorp Fund Services
FULL-SERVICE FUND ACCOUNTING ASSETS ($ MILLIONS)

40 Act Open-End Mutual Funds — full service	224,260	265,828	5,301,106	40,792	50,976	412,510
40 Act Closed-End Mutual Funds — full service	949	N/A	192,198	5,577	5,579	5,578
40 Act Unit Investment Trusts — full service	0	N/A	22,866	0	N/A	0
Non-US domiciled funds — full service	915,633	35,400	2,752,561	0	N/A	0
Pension Funds/Master Trust Funds — full service	467,600	6,000	6,173,700	0	N/A	0
Bank Common/Collective Funds — full service	546,788	82,096	156,631	111	2,987	0
Exchange-Traded Funds — full service	13,700	14,262	1,193,372	0	394	8,654
All other funds — full service	226,030	395,532	7,251,688	5,275	706	57,669
Total Full-Service Assets	2,394,960	799,118	23,044,122	51,755	60,642	484,411

TOTAL FUND ACCOUNTING ASSETS ($ MILLIONS)

40 Act Open-End Mutual Funds	224,260	265,828	5,885,351	40,792	50,976	412,510
40 Act Closed-End Mutual Funds	949	N/A	192,198	5,577	5,579	5,578
40 Act Unit Investment Trusts	0	N/A	22,866	0	N/A	0
Non-US domiciled funds	915,633	35,400	2,834,519	0	N/A	0
Pension Funds/Master Trust Funds	467,600	6,000	6,173,700	0	N/A	0
Bank Common/Collective Funds	546,788	82,096	156,631	111	2,987	0
Exchange-Traded Funds	13,700	N/A	1,193,372	0	394	8,654
All other funds	226,030	395,532	7,257,742	5,275	706	57,669
Total Assets	2,394,960	799,118	23,716,379	51,755	60,642	484,411

CLIENT INFORMATION
Total # full-service funds	5,586	7,435	63,333	264	228	687
Total # full-service fund complexes	501	431	4,094	89	73	220

BUSINESS ESSENTIALS
# of trades per year	N/A	N/A	58,685,000	440,473	N/AV	275,836
# of trades/accountant/year	N/A	N/A	N/A	11,591	N/AV	1,524
# of funds/accountant	5.5	N/A	**	6.95	5	3.8

% total firm revenue from full service	N/A	N/A	85	25	N/A	N/AV
% total FA revenue from full service	N/A	N/A	85	100	N/A	100

% for proprietary funds	15	N/A	N/A	0	0	N/AV
% for third party funds	85	N/A	N/A	100	100	N/AV

# offices outside of the US	21	N/A	53	0	0	0
# offices in Europe	9	N/A	24	0	0	0
# offices in North America (Non-US)	1	N/A	5	0	0	0
# offices in Asia	9	N/A	16	0	0	0
# offices in Australia	2	N/A	2	0	0	0
# offices in South America	0	N/A	0	0	0	0

PERSONNEL
# of accountants	1,039	N/A	N/A	38	47	181
% of staff with specialized designations	N/A	N/A	N/A	8	23	31

** Not reported
N/A Not Applicable
N/AV Not available