Serving Local Government Investment Pools (LGIPs) isn’t just about accuracy or uptime anymore—it’s about helping public finance clients meet increasingly complex demands. For fund administrators, asset managers, and investment advisors who provide LGIP servicing, the market is growing—but so is the pressure.
Today’s LGIP boards want faster turnaround. Participants expect transparency and digital convenience. And operations leaders at firms providing services to LGIPs are grappling with aging infrastructure and a wave of experienced talent nearing retirement.
According to S&P Global, the number of AAA-rated LGIPs continues to rise, reflecting both growing sophistication and higher expectations around oversight, compliance, and performance.
This blog explores what’s changing in LGIP servicing—and how investment operations leaders can meet the moment by modernizing workflows, capturing institutional knowledge, and delivering the kind of experience public sector clients now expect.
That means rethinking legacy operations and embracing integrated, modular solutions like Linedata’s—designed to meet evolving needs without the disruption of a full system replacement.
Operational Headwinds in LGIP Fund Servicing
Across the LGIP servicing landscape, firms are running into challenges that slow growth, strain teams, and expose risk.
Manual NAV production creates bottlenecks during end-of-day and month-end close. Spreadsheet-driven workflows increase the chance of errors and slow responsiveness to participants.
Siloed systems limit visibility. Disconnected accounting, shareholder services, and participant communication tools make oversight difficult and increase risk.
Compliance and reporting requirements keep growing. From state and municipal regulations to public board scrutiny, LGIP servicing now requires more documentation, more transparency, and more rigor.
And the talent gap is real. Many firms still rely on institutional knowledge—how a report gets generated, who owns which checklists—that’s stored in people’s heads, not systems. As senior team members retire, the risk of disruption grows.
What LGIP Sponsors and Participants Expect—and How to Deliver
Sponsors of Local Government Investment Pools and their public sector participants are holding service providers to a higher standard. It’s no longer acceptable to manage LGIP operations behind the scenes with manual workflows and slow turnaround. Transparency, control, and responsiveness have become the baseline.
LGIP participants want secure, real-time online access to account balances, trading and trade confirmations, transaction histories, and downloadable statements, without relying on emails, phone calls, or spreadsheets.
Oversight boards and treasurers expect fast, audit-ready reporting and easy access to compliance data. And everyone involved wants reliable service that scales smoothly as fund complexity and participant numbers grow.
Linedata helps fund administrators, asset managers, and investment advisors meet these expectations through an integrated suite of solutions that cover the full LGIP servicing lifecycle. We support modern fund and shareholder accounting needs, automate workflows and exception handling, and provide intuitive, self-service access for public sector participants in real time.
Whether you need to modernize fund operations, improve reporting and oversight, or deliver a better participant experience, our flexible platform adapts to your goals—without requiring you to replace your existing systems.
How Linedata Supports Scalable, Compliant LGIP Services
Linedata’s modular technology supports fund administrators, asset managers, and investment advisers serving LGIPs and other public sector pooled funds. Whether you provide operational support, investment management, or fiduciary oversight, our solutions streamline NAV production, improve compliance, and enable scalable, audit-ready fund operations.
Fund and Shareholder Accounting
We offer scalable solutions for both fund and shareholder accounting. Whether you need a robust fund accounting engine, a hosted platform that includes participant servicing, or both, we can tailor the delivery model to match your firm’s needs.
- Automated NAV calculation and exception processing
- Real-time oversight and customizable reporting templates
- Support for pooled funds, LGIPs, and CITs
Workflow Automation and Oversight
Our automation and oversight tools digitize critical processes and institutional knowledge. They can be added on top of your current stack or bundled with our accounting platform—offering:
- Workflow design with rules-based execution and task routing
- Dashboards for real-time visibility into processes and exceptions
- Built-in audit trails and compliance controls
Participant Experience and Self-Service Access
Public sector participants expect transparency and control. Our Participant Portal enables you to offer:
- Secure, 24/7 real-time access to balances, transaction history, and downloadable trade confirmations and statements
- The ability for participants to place online trades—including contributions, redemptions, and participant transfers—and to update their profile information
- Role-based permissions for compliance and governance
Supporting Every Stakeholder in the LGIP Service Chain
Whether you’re the Head of Fund Accounting focused on NAV accuracy, the COO responsible for scaling service delivery, or the CTO concerned with integration and security, Linedata delivers. We also support the fund accountants and operations teams who manage the day-to-day complexity of LGIP servicing—providing intuitive workflows, automated checks, and audit-ready processes that make their jobs more efficient and less error-prone.
While service provider CFOs may focus on ROI and operational margins, your clients—the CFOs and finance executives at LGIPs—care about financial transparency, auditability, and a great participant experience. Linedata helps you deliver on both fronts.
By aligning your service operations with LGIP expectations, our technology helps you grow your footprint, differentiate your offering, and maintain strong compliance, all without overburdening your teams.
Let’s Talk About Your LGIP Servicing Strategy
Whether you manage LGIPs directly or support them through fund administration or advisory services, Linedata helps you modernize fund operations, simplify NAV oversight, and enhance service delivery—without adding overhead or compromising control.
Download our brochure or schedule a conversation to learn how Linedata can help your firm modernize, scale, and stand out in the LGIP servicing space.
About the author
Justin Hayes is the Global Product Manager for Linedata’s transfer agency solutions. Linedata is a vendor of asset management solutions for the front, middle and back-office, including transfer agency. Justin has been with Linedata for nearly 15 years, having previously worked in fund administration with SEI.
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