In this series we will be discussing on Types of Mutual Funds where in we will discuss in detail about
Mutual FUND Groups
Fund Board of Directors
Investment Advisor
Fund Officers
Fund Distributor (Principal Underwriter)
Broker-Dealer
Custodian
Transfer Agent
Financial Data Services
Also as the initial shareholder of the fund, the management company selects the first board of directors, which in turn approves the investment management contract, often with the management company which just formed it.
· overseeing the performance of the various service providers
· handling certain tax filings for the fund
· providing the facilities for fund personnel
· supplying general accounting servicesdeveloping internal controls