Financial services businesses operate in an extremely intricate environment that has grown more intensely regulated and often changing.
The number of funds under management in the UK has escalated over the last ten years from around 200,000 to over 600,000 and some do not have in-house compliance expertise.
Smaller investors and family offices tend to seek structures that are tax efficient and meet all the regulations, but which do not cost an arm and a leg to administer.
Larger fund managers fall under increasingly intense pressure to demonstrate effective fund administration and pursuit of reasonable cost saving initiatives. At the same time, they have to attract and retain a team that can perform consistently well.
“Financial services” HOW WE HELP
We help our financial services sector clients meet their regulatory obligations and keep abreast of new law. Flexibility and experience are key.
Our role is not just to have the experience and industry expertise to carry out efficient fund audits and tax compliance. We also:
offer advice on record keeping and tax-efficient remuneration planning,
help high net-worth family offices establish and run their own funds in a cost-effective way, and provide assistance on statutory returns, capital adequacy tests and systems controls.
We also possess a specialist team that looks after funds and Financial Services businesses such as authorised corporate directors, corporate directors, unit trust managers, fund managers, investment advisers and other intermediaries.
Our track record of success and reputation lead to us now auditing some 90 investment funds with net assets of around £4bn. These funds specialise in areas such as fixed income, equities and derivatives.
We also issue a periodic Financial Services Update bulletin which includes the newest news and developments for the sector. Copies are available on this page in the financial resources section.
CAN WE HELP?
https://machinerylove.com/category/sectors/
If you wish to discuss how we can help your organisation, please contact one of our team of experts listed on this page.