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On this page you will find information about service providers used by emerging managers. Choosing service providers is very important, even for the simplest stockpicking operations.
Below you will find:
Another source of service providers: an emerging manager once told us he looked at the SEC form ADVs of other similar investment firms he respected, to source potential high quality service providers.
Of course, you must do your own evaluation of service providers do determine who is the best fit for your firm.
If you're actually looking to start a fund, please make sure you fully understand the risks and challenges of doing so, especially of raising capital. A starter dose of straight talk can be found on the "New Manager Challenges" page.
Below please find a list of key service providers used by MIT's current emerging managers. In cases where more than 1 manager uses the service provider, we've noted that. *This does not constitute a recommendation by MIT. You must vet and select service providers on your own.*
ACA Compliance Group (commonly used)
Optima Partners (commonly used)
Duff & Phelps
Note: smaller investment firms exempt from full registration often use their lawyers as compliance consultants
Middle office support
*more to come over time*
In spring 2021 we conducted a survey of emerging managers via Twitter. The purpose of this survey is to help emerging manager stockpickers identify service providers that work well with newer, smaller stockpicking firms. We hope you will find at least one tidbit of information here that makes your firm better. All views contained in this document are expressed by emerging managers who filled out the survey, not MITIMCo, and MITIMCo does not endorse any views contained within.
Do you have a service provider you highly recommend? Please feel free to email it to me via the link on the contact page.
Sorted by location of the recommending emerging manager
OUTSOURCED BACK OFFICE
Below is a list of other tools used by emerging managers who responded to the survey from March 2021, and updated August 2022
A further list created by Conor Mac https://investmenttalk.substack.com/p/resources-resources-resources?r=66q6l&utm_medium=ios
If you're going to spend a lot of time alone reading, a comfy chair may be very worthwhile. But which to get? We asked a bunch of managers to tell us about office chairs they highly recommend and here is what we got. There is a range from low end but comfortable to higher end chairs for those looking to make an investment.
Many rave reviews of Herman Miller chairs though people concede they aren’t cheap
Herman Miller - Eames Lounge Chair + Ottoman -https://store.hermanmiller.com/living/lounge-chairs-and-ottomans/eames-lounge-chair-and-ottoman/5667.html?lang=en_US
Herman Miller - Aeron Chair - $1,395 https://www.hermanmiller.com/products/seating/office-chairs/aeron-chairs/
Herman Miller – Embody Chair - $1,395 https://www.hermanmiller.com/products/seating/office-chairs/embody-chairs/
Herman Miller – Mirra Chair - $795 https://www.hermanmiller.com/products/seating/office-chairs/mirra-2-chairs/
secretlab titan - $400+ https://secretlab.co/collections/titan-series?utm_source=google&utm_medium=cpc&utm_content=brand_titan&utm_campaign=us-s-brand-Exact&gclid=EAIaIQobChMIwf-c5reS8AIVi4zICh3bUAnTEAAYASAAEgJ2L_D_BwE
More Budget (but still good) range:
Staples Flexfit Hyken - https://www.staples.com/staples-hyken-technical-mesh-task-chair-silver-53293/product_24328579
Ikea Millberget - $70 - https://www.ikea.com/us/en/p/millberget-swivel-chair-bomstad-black-40331705/
Trideer exercise ball (available on Amazon)