SOURCE: Gemini Fund Services

May 05, 2008 09:46 ET

Gemini Fund Services, LLC Enhances Northern Lights Fund Trust

Advisory Council Provides Support for Advisors and Increased Distribution Opportunities

LONG ISLAND, NY--(Marketwire - May 5, 2008) - Gemini Fund Services, LLC (Gemini) today announced the formation of the Northern Lights Fund Trust Advisory Council. Comprised of the advisors managing independent funds within the Trust, this common bond allows for an environment that enables advisors to network and interact with each other to share marketing and distribution ideas. They are able to coordinate joint trade show appearances, market their funds through the Northern Lights web site, join together in executing marketing plans, and possibly bring their funds together to form a more comprehensive fund family.

The Northern Lights Fund Trust was created in 2005 to counteract the increasing cost of doing business and increased level of regulatory compliance in the mutual fund industry. By participating in the Trust, mutual funds are able to increase their operational efficiencies by sharing directors/trustees, chief compliance officers and other officers required by SEC regulations. In addition to increased efficiencies, members also benefit from significant operating cost reductions as the Trust enables them to share the cost for insurance, their audit, fund counsel, and other expenses.

"Through the Northern Lights Fund Trust, we have provided advisors with a network to interact with each other and share their ideas," said Andrew Rogers, President of Gemini Fund Services. "In addition, because funds in the trust share directors, and compliance and operational costs, managers are free to concentrate on what they do best -- managing money and focusing on shareholder returns."

In order to better align themselves with the Trust, Aquarius Fund Distributors, LLC has been rebranded as Northern Lights Distributors, LLC. They serve as the broker/dealer and mutual fund distributor for the Trust. Northern Lights Distributors, LLC provides advertising review for the funds in the trust, establishes selling agreements on their behalf, obtains the funds clearing numbers through their membership in the NSCC, and oversees the licensing and training of the funds' registered representatives.

In addition, Fund Compliance Services, LLC, a team of chief compliance officers available on an independent basis, has changed their name to Northern Lights Compliance Services, LLC and acts as the chief compliance officer for the Trust. With over 20 years of expertise, the compliance team brings a tailored program that meets the needs of fund groups who cannot hire an expert COO on a full-time basis.

For more information on the Northern Lights Fund Trust, its partners, or to speak with Andrew Rogers please contact Jennifer Connelly at (973) 625-1130. Information on all three Northern Lights services: the trust, distributor, and chief compliance officers, can also be found by visiting www.northernlightsfund.com.

About Gemini Fund Services, LLC

Gemini Fund Services partners with investment companies to deliver successful, comprehensive mutual fund and alternative investment solutions. With over 25 years of experience behind them, Gemini specializes in established products with assets ranging from $50 million to $2 billion and in partnering with investment advisors to start a mutual fund or alternative investment product.

Contact Information

  • Contact:
    Jennifer Connelly
    JC Public Relations, Inc.
    (973) 625-1130
    Email Contact