Smith & Williamson announces that its fund administration business has reached over £10 billion in assets under administration.
Smith & Williamson has provided standalone fund administration services since 1983 and now acts as authorised fund operator for more than 160 funds for investment managers, family offices and private individuals.
The full service host authorised corporate director (ACD) and fund administration business operates from both Glasgow and London offices. The business has grown significantly in recent years, with assets under administration standing at double the level reached in 2015*.
James Gordon, head of Smith & Williamson Fund Administration Limited commented:
“As we continue to grow our host ACD and associated fund administration business, reaching £10 billion in assets under administration is a major milestone for the business.
“We remain committed to providing a fully integrated in-house service to our client base through market leading technology complemented by teams who have proven expertise in operational and regulatory matters.
“Due to the success of our in-house operational model, the business has been able to build significant market share. Today’s announcement is evidence that we, as a business, continue to put clients first and focus on delivering the right solutions”.
By necessity, this briefing can only provide a short overview and it is essential to seek professional advice before applying the contents of this article. No responsibility can be taken for any loss arising from action taken or refrained from on the basis of this publication. Details correct at time of publication.
Notes to editors
Smith & Williamson is an independently owned professional and financial services group with over 1,700 people. The group is a leading provider of investment management, financial advisory and accountancy services to private clients, professional practices and mid-to-large corporates. The group has twelve offices; these are in London, Belfast, Birmingham, Bristol, Cheltenham, Dublin (City and Sandyford), Glasgow, Guildford, Jersey, Salisbury and Southampton.
Smith & Williamson Fund Administration Limited
Authorised and regulated by the Financial Conduct Authority