Case Studies : ERShares ’40 act funds
ERShares is an investment firm that specializes in identifying and investing
in publicly traded companies led by entrepreneurial leaders.
The firm was founded by Dr. Joel Shulman, a financial economist and entrepreneur, who also developed the firm’s proprietary Entrepreneur Factor®
– a model that evaluates the impact of entrepreneurial leadership on company performance.
Overview
ERShares has partnered with Apex Group and leveraged Apex Single Source,
a comprehensive infrastructure designed to handle the full lifecycle of registered funds.
This includes fund creation, issuance, administration, custody, and connectivity to multiple distribution channels
The challenge
ERShares, under the leadership of Dr. Joel Shulman, experienced operational inefficiencies and service limitations with previous fund administrators.
These challenges included:Â
- Delayed NAV reporting, impacting daily fund operations and investor transparency.
- Inconsistent communication and slow response times from client service teams.
- Limited support for international expansion and cross-border fund servicing, which was critical for ERShares’ global strategy. Lack of integrated technology, resulting in manual processes and increased error risks.
The solution
Due to these ongoing issues, ERShares decided to transition to Apex Group, a global financial services provider known for its scalable infrastructure and strong service culture.
Apex offered:
- Improved technology platforms with real-time reporting. Dedicated client service teams with faster turnaround times.
- Global reach and expertise, supporting ERShares’ international investor base and fund operations.
- A more holistic and responsive approach to fund administration, custody, and compliance services.
The result
The switch to Apex Group allowed ERShares to streamline operations, improve transparency, and better serve investors – all aligned with their growth and innovation-driven philosophy.
About Apex Group
We are dedicated to driving positive change in financial services while supporting the growth and ambitions of asset managers, allocators, financial institutions, and family offices. For over two decades, we have continually disrupted the industry through our investment in innovation and talent.
Today, we set the pace in fund and asset servicing and stand out for our unique single-source solution and unified cross asset- class platform which supports the entire value chain, harnesses leading innovative technology, and benefits from cross-jurisdictional expertise delivered by a long-standing management team and over 13,000 highly integrated professionals.
Why Apex?
As a result of the successful onboarding and improved experience, ERShares has since awarded Apex Group the administration of their ETF business – further deepening the partnership.
Additionally, Apex will tokenize one of ERShares’ funds, showcasing its ability to support traditional and digital asset strategies within a unified framework.
Why Single Source
This relationship demonstrates a core strength of Apex Group: once clients are onboarded, they tend to expand their engagement across multiple products and channels, leveraging our comprehensive, single-source capabilities to simplify operations and scale their business.
