Investment Business Advisors creates COO center

Tax and fund administration provider Fund Tax Services and Investment Business Advisors, which advises institutional investors and asset managers on industry best practices, have teamed up to provide strategic, management and best practice advice to LPs and GPs.

The COO center is being led by Paul Ehrhardt, managing member of Investment Business Advisors and is available to both firm’s clients.

Its purpose is to help managers access and enhance the effectiveness and transparency of the investment process and create true alignment of investor and manager interests. 

Investment Business Advisors is offering advice on governance, organization structure, transparency, succession planning, strategic planning, best practice assessments, due diligence readiness and lessons learned from the 2008-09 global financial crisis.

It’s the second joint venture the firms have undertaken, after entering into a strategic alliance with marketing firm RT Hausler Strategic Marketing and consulting firm Spurwink River Consulting, in September.

Together they formed a new advisory service offered by Fund Tax Services called FTS Plus, which provides strategic advisory, marketing and distribution consulting services to private equity, real estate and hedge fund firms.