Today, a large global fund complex is likely to be working with multiple transfer agents in its mutual fund business alone. It is not unusual for such firms to work with 10 or 12 transfer agents, and with different arms of the same organization. Some are dedicated to a single domestic market, while others service funds distributed in many countries from multiple domiciles. Engaging high numbers of transfer agents has a significant impact on the cost and complexity of operations, and impacts the visibility of the investor profile and the funds they hold.
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