Not all advisors to a family of small proprietary funds are content to just nurture and grow their funds. A few that are familiar with the challenges facing small funds are offering back office services to managers of other small funds in an effort to develop a new source of revenue stream.

Premier Fund Solutions of San Diego is the newest entrant to the business of servicing fledgling start-up funds. Premier, which officially started its business last October, recently helped start up Check Capital Management's Blue Chip Investors Fund. The Costa Mesa, Calif., advisor launched the no-load fund December 31, 2001, and became the new company's first client.

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