Working with us
How it works
Initial discussion
We discuss the fund’s structure, strategy, investor base and service providers, and the services required.
Proposal
We provide a written proposal setting out the scope of services and fees.
Client due diligence
Before accepting any appointment, we carry out due diligence on the fund, its directors, its investment manager and its beneficial owners. Our onboarding documents are provided at this stage.
Administration agreement
Once due diligence has been approved, the administration agreement is signed.
Set-up
Dealing, valuation and reporting arrangements are agreed, accounts and the register are set up, and, for a transition, records are transferred from the previous administrator.
Commencement
We begin administering the fund from the agreed date.
Timeline
The time from initial discussion to commencement is usually four weeks. It depends mainly on how quickly complete due diligence documents are received.
A new fund that has not yet obtained its own regulatory approval will take longer, and a timetable will be agreed at the outset.
Documents we will ask for
Certificate of incorporation, memorandum and articles of association.
Offering memorandum and any supplements.
Evidence of the fund’s licence or registration with the Financial Services Authority.
Details of the fund’s bank, custodian, auditor and legal counsel.
Latest audited financial statements (existing funds).
Shareholder register, NAV history and investor files from the previous administrator (transitions).
Register of directors and details of beneficial owners.
Identification and proof of address for directors and beneficial owners.
Investment management agreement and details of the investment manager, including its regulatory status.
Onboarding documents are provided after the initial discussion and are not available for download from this website.