Paramus, N.J. (PRWEB) March 05, 2012
Broadscope reunites the senior management team of Palmeri Fund Administrators, the first independent firm to provide comprehensive outsourced fund administration to the private equity industry.
Broadscope combines deep industry knowledge and experience with a new generation of technology to deliver a premium service model uniquely equipped to address the challenges of private equity fund administration in today’s complex environment.
“As one old friend put it—the band is back together,” says Frank Palmeri, founder of Palmeri Fund Administrators and now Managing Member of Broadscope. “As the entire financial landscape changed, it brought new issues of regulation, compliance, transparency and technology. The more complex things get, the more we bring to the table.”
“Over 20 years ago, during the early years of PFA, I spent most of my time with potential clients explaining the benefits of outsourcing. The industry has evolved so dramatically that now fund managers are searching for independent third party fund administrators that deliver superior services. What they need most and what their investors are demanding are independent checks and balances and transparency provided by experienced fund administrators with solid expertise and integrity. This is Broadscope.”
“Access to senior management with deep industry experience and expertise is a unique part of our business model”, adds Broadscope Managing Member Kevin O’Neill. “But Broadscope is also about the latest and best thinking in fund administration using the right tools to provide the data and access required by today’s investors. From accounting to process control to tax management to CRM, we’ve identified the best technology out there, to give clients a suite of services that can truly be called next generation.”
For more information, please contact Frank Palmeri, Kevin O’Neill, Rick Palmeri or visit http://www.BroadscopeFA.com.
About Broadscope Fund Administrators
Broadscope Fund Administrators is an independent third party fund administrator, providing a full range of fund administration services for the Private Equity industry. Managing Members, Frank Palmeri, Kevin O’Neill and Rick Palmeri were the core management team of Palmeri Fund Administrators (PFA). They bring 70 years of collective experience to Broadscope – expertise in a broad range of complex fund administration issues and proven process control systems – that is unmatched in the industry. PFA was founded in 1991 as the first independent firm to provide a comprehensive third-party fund administration solution for the private equity industry. After a 17-year history, establishing a reputation as the leading service provider in the industry, PFA was acquired in 2007 by one of the world’s leading providers of financial services to institutional investors.