Structure and Cost
Low Cost Overhead Structure
- Pay For Only What Is Needed
- Ocean Ridge maintains a small core staff that is utilized on an “as needed only” basis
- – It is not necessary for us to keep large staff occupied
- Structured To Utilize And Maximize Internal “Stay Team” Resources Of Estate
(if available) To Reduce Costs To The Trust, Which Maximizes Recovery
to the Beneficiaries
- Internal “Stay Team” can provide discrete value-added resources and knowledge that can accelerate the recovery process and reduce third
party costs
- – The use of, or access to, former employees is beneficial to maximizing recovery to creditors
- – Knowledge base that can be leveraged
- – Reduces steepness of learning curve in respect of system access, payment pressures, background to litigation opportunities, residual asset details, etc.
Learning Curve Is Steep For New Players
- Owing to timing pressures (statute of limitations, plan deadlines, sale deadlines, etc.), “fire drills” do arise and experience is critical to anticipating demands, avoiding mistakes and ensuring a smooth process
- Ocean Ridge’s wide ranging industry experience as a Trustee AND its principal’s historical experience as an active investor, results in the ability of Ocean Ridge to anticipate the concerns and needs of the constituents
