Northern Lights Fund Trust is a shared mutual fund trust comprised of independent
funds, all managed by separate investment advisors. Advisors have joined the trust,
administered by Gemini Fund Services, LLC ("Gemini"), to counteract the increasing
costs of doing business and increased level of regulatory compliance in the mutual
fund industry. Fund trusts have proven to be a successful way for the small- to
mid-sized mutual fund to compete and remain profitable.
The trust offers many advantages achievable through the Trust on a scale not otherwise
achievable by a solo mutual fund. They include:
- Operational efficiencies because funds in the trust share directors/trustees, chief
compliance officers, Presidents and other officers required by SEC regulations
- Ability to attract extremely qualified board members that possess the expertise
to provide proper Board compliance and oversight
- Reduction in operating costs as expenses are now shared by a group of advisors –
these include reduced auditor, fund counsel, insurance, legal, trustee, blue sky,
and other expenses
- Frees the advisor to focus on portfolio and relationship management, which may result
in better overall fund performance