The mutual fund advisory contract review process: Simplifying complexity

This paper provides insights into the current environment, working practices and ongoing challenges trustees face in the advisory contract review process, and based on PwC's experience, includes recommendations for trustees and the advisor to consider, including:

• Periodically reviewing resource requirements to meet growing information needs;
• proactively providing support and information to the trustees throughout the year, including details of regulatory compliance;
• engaging the portfolio manager and chief compliance officer (CCO) in discussions with the trustees surrounding service quality; and
• providing the trustees perspectives on the advisors’ compensation programs to attract and retain talent.

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