Innovative. Leading. Dedicated. As the second largest full-service fund accounting provider in the United States, we’re consistently right on the money. With PFPC, you’ll have a team of trained professionals focused exclusively on your business. Client customization is standard. Our level of accuracy, extraordinary.

We lead the industry in mastering innovative and complex fund structures, including multi-class, master/feeder, hedge fund, multi-manager, variable annuity and fund of funds. It all adds up to PFPC’s unique ability to service any client innovation.

Financial Accounting & Recordkeeping

PFPC maintains fund accounting records in accordance with the 1940 Act, prepares fund balance sheets and statements of operations, calculates expense accruals and determines net income, capital gains/losses and dividend distributions.

Pricing & Corporate Actions

PFPC computes the net asset value and offering price, obtains security market quotes, executes security pricing, calculates the market value and cost value of investments and determines fund appreciation/depreciation. We also research and post corporate action events electronically to ensure the accuracy of the net asset value.

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Daily Interface with Advisor,
Custodian & Transfer Agent

PFPC provides investable cash balances and tax lot detail to portfolio managers. We verify the accuracy of security purchases and sale transactions and reconcile cash and security positions with the fund custodian daily. PFPC receives shareholder activity information from the fund transfer agent and reports NAVs and dividend factors to the transfer agent and other parties electronically.

Financial & Regulatory Reporting

PFPC assists with preparation and filing of Form N-SAR registration statements and filings, provides monthly financial statements and tax information. We assist in preparing proxy materials, file Rule 24f-2 notices, develop and coordinate the printing, mailing and filing of prospectuses, annual and semiannual shareholder reports.

We electronically report net asset value and income factors to NASDAQ and the transfer agent, as well as electronically communicate statistical data to reporting services.

Tax Services

PFPC assists with preparation and filing of federal, state and excise tax returns and obtains tax identification numbers for funds. We calculate the dividend distributions needed to ensure that income and net capital gains are distributed in compliance with Subchapter M. We also calculate and monitor foreign withholding taxes and tax reclaims.

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Compliance Monitoring

PFPC assists in monitoring compliance with 1940 Act provisions and with fund policies and limitations. We monitor compliance with Subchapter M, perform monthly testing and assist in preparing for regulatory examinations.

State Blue Sky Compliance

Through our affiliate, Automated Business Development Corporation (ABD), PFPC maintains fund registrations in accordance with state Blue Sky laws and monitors sales against registered amounts. ABD is the leading provider of Blue Sky compliance services to the mutual fund industry.

Administration Expertise

PFPC coordinates regular board meetings and prepares the agenda, materials and meeting minutes. We maintain your fund's corporate calendar to ensure the fund performs all functions required by the 1940 Act. As administrator, PFPC manages the interaction between all fund service providers.

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A member of The PNC Financial Services Group

 
 
 
 
 

Services

Financial Accounting & Recordkeeping

Pricing & Corporate Actions

Daily Interface with Advisor, Custodian & Transfer Agent

Financial & Regulatory Reporting

Tax Services

Compliance Monitoring

State Blue Sky Compliance

Administration Expertise