Setting up and running an OEIC or AUT involves adherence to considerable regulation, administration and time. The specialist expertise and resources required to administer funds on a day-to-day basis mean that outsourcing this to an experienced third party is usually the preferred option.
Our fund administration team is particularly well placed to provide the range of expertise required in the set-up and ongoing administration of OEICs and AUTs.
With over 30 years’ experience, 170 funds under management with a value of £12.8bn (as at 30 September 2018), we offer an efficient and professional service at competitive rates tailored to the specific needs of our individual clients.
Set-up services: Preparing an application for authorisation; appointing a depositary and facilitating selection of a custodian; appointing investment manager(s); applying to the Financial Conduct Authority (FCA).
Ongoing services: Management of the scheme; maintenance of scheme documentation; valuing and pricing shares/units; calculating income and distribution payments; maintaining accounting and other records; preparing annual audited and half-yearly accounts plus long reports; providing a review of tax provisions and submitting tax computations to HMRC; maintaining a register of shareholders and unitholders; dealing and settlement.
We provide expertise in the set up and ongoing administration of open-ended investment companies (OEICs) and authorised unit trusts (AUTs).
Smith & Williamson's fund administration business has reached over £10 billion in assets under administration
Unit trusts and OEICs can offer a flexible investment vehicle which high-net-worth individuals and their families may wish to consider.
Smith & Williamson’s full year results to 30 April 2017 report strong increases in operating income and adjusted operating profit
We can assist with the set up and ongoing operation of open-ended investment companies and unit trusts.
Full audit, tax, business outsourcing, fund structuring and specialist risk and regulation services for the financial services sector.