In 2017, the Securities and Exchange Commission (SEC), made a change for security settlements. The SEC adopted an amendment to the settlement cycle rule, Rule 15c6-1(a) under the Securities Exchange Act of 1934, to shorten the standard settlement cycle for most broker-dealer transactions from three business days after the trade date (T+3) to two business days after the trade date (T+2) standard. On September 5, 2017, that change became effective. 

Taking the easy or hard way is certainly your choice when entering the financial market—we would advise that you choose the easy way and have more time to focus on what you do as an asset manager. When launching a fund, there are many reasons an advisor should consider a series trust rather than creating their own trust. Obstacles like being new to the retail space or navigating the legal and compliance requirements, are among several factors when making your decision.