Annual Statement on Slavery and human trafficking

This statement is made on behalf of Smith & Williamson Holdings Limited and on behalf of all companies within the Smith & Williamson group, as relevant (together, “Smith & Williamson”) pursuant to section 54(1) of the Modern Slavery Act 2015 which requires organisations to publish a statement each financial year to set out the steps, if any, it has taken to protect against slavery and human trafficking.

Smith & Williamson are independent providers of investment management, accountancy, tax, corporate and financial advisory services to a range of clients, including private clients, corporates, professional practices and non-profit organisations. The Smith & Williamson group have offices in the UK, Ireland and Jersey only.

We are committed to ensuring our business and supply chain are free from any slavery or human trafficking. As we operate in the financial services sector, many of the service providers we encounter are UK-based entities. They are often themselves regulated by governing bodies such as the ICAEW, FCA or SRA and therefore our due diligence processes for these suppliers in relation to modern slavery are minimal. The other main types of service provider relate to essential office services, such as security, catering, cleaning.

Our office services are outsourced to organisations with their own due diligence procedures for employees and contractors. Our tender process for these contracts now includes confirmation of the steps the potential suppliers take to ensure their businesses are free from modern slavery and human trafficking. The due diligence includes verifying that they have sufficient policies and procedures in place to ensure fair treatment and pay of workers, adequate whistleblowing procedures and confirming that all those employed in the provision of services have the necessary documentation to legally work in the UK. In the last year we have contracted with new cleaning and Mechanical and Electrical suppliers using this enhanced process. We are also working with other service providers, in areas where there is greater risk in respect of slavery and human trafficking, to review their policies and procedures to ensure compliance with the Act.

Contractors working in our premises also have the right to protection under Smith & Williamson’s whistleblowing policies.

Existing policies in relation to the employment, recruitment and outsourcing policies have also been reviewed to ensure that we have sufficient procedures in place to protect against any modern slavery occurring in our supply chain.


Andrew Sykes

29 September 2016
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