What is an all-in fee?

In general, this is a fee that covers all costs. In the case of funds, this means in particular that all the costs of setting up the fund are covered: Implementation of the fund idea, name clarification with the Commercial Register, preparation of all legally required documents (prospectus, trust agreement or articles of association, KIID) and contracts with the custodian, asset manager and any advisors, coordination and discussions with the custodian, auditor and authorities, submission of the formal application for authorisation to the Liechtenstein Financial Market Authority. The all-in fee covers the day-to-day administration of the fund, including fund accounting, regulatory reporting, pricing (NAV), investment compliance and fund publishing.