Digital Assets Report


Like this article?

Sign up to our free newsletter

Gemini launches Northern Lights Fund Trust III

Related Topics

Gemini Fund Services has launched its third shared mutual fund trust, Northern Lights Fund Trust III (NLFT III). The new fund trust was established in response to increased demand for assistance from small- and mid-sized funds.

NLFT III, like its two predecessors, is a shared mutual fund trust of independent and separately managed funds. The original Northern Lights Fund Trust has grown to include 83 funds and more than USD7 billion in assets under management. Northern Lights Fund Trust II, launched in June 2011, now includes 12 funds and USD243 million in assets under management.

Advisors who join NLFT III will be able to obtain economies of scale, regulatory compliance and board oversight, fund sales and operational efficiency at levels they would not be able to achieve on their own. Membership in NLFT III will also entitle advisors to assistance with their distribution and marketing plans, as well as introductions to broker/dealers.

The board of NLFT III is composed entirely of independent trustees, all of whom are well-versed in the regulatory framework with which investment companies must comply.

"The new trust’s independent board of trustees will provide advisors with much-needed expertise in how to navigate the present regulatory environment," says Andrew Rogers (pictured), President of Gemini. "With small- and mid-sized funds struggling to compete in a highly regulated and expensive environment, the advice dispensed by Northern Lights Fund Trust III’s independent board will be especially helpful to those who join the trust."

The trustees include James Jensen, who has served as counsel to boards of directors and managements of large and small businesses for over 40 years; Anthony Payne, a retired bank executive and Executive Director of the Iowa West Foundation; John Palancia, who has spent over 36 years working for financial services companies such as Merrill Lynch; Mark H Taylor, Professor of Accounting at the Weatherhead School of Management at Case Western Reserve University, who has over two decades of academic experience in the auditing and accounting fields; and Jerry Vincentini, who has over 45 years of experience as a manager and leader in the school supply business.

Like this article? Sign up to our free newsletter

Most Popular

Further Reading