Platform & Services
Independent Service Providers and State of the Art Technology Interfund utilizes a network of service providers that includes a portfolio manager to manage the assets, a network of brokers to execute trades, and custodians /prime brokers to custody the positions, verify the existence and accuracy of trading information and independently calculate the net asset value of portfolios. These service providers work together but are functionally independent. They play a major role in providing operational transparency and safeguarding our investors’ assets from fraudulent activities.
Prime Brokerage Services Our prime broker is Ridge Clearing Services, a division of Broadridge Financial Solutions, a $1.65 billion company spun out from ADP in 2007, which includes Bank of America’s former clearing business. Ridge received “Top Overall Honors” in “The Black Book of Outsourcing” in 2008 among the industry’s top brokerage process service providers. In addition, we employ a secondary layer of outsourcing to interface with Ridge Clearing’s margin department, and access to Bank of America’s InstaQuote through Triad Securitites Prime Brokerage Service. Interfund has had over fifteen years of exemplary service from this dedicated team of traders and operational support staff.
Legal & Accounting Services Legal counsel is provided by Foley & Lardner LLP, a top five firm peer-reviewed by Martindale-Hubbell. Accounting is provided by Stevens Pierce & Associates, an AICPA peer-reviewed accounting firm. Bookkeeping is provided by Sage Bookkeeping. Periodic investment audits have been conducted by RSM McGladrey, the nation’s fifth largest accounting firm.
Compliance and Regulatory Support
Interfund provides the compliance and regulatory infrastructure, as well as the back office support needed for advisors to manage clients’ assets effectively. Portfolios are monitored by Interfund’s investment committee, as well as Interfund’s compliance department.