Lloyd Experts have been advising clients for a number of years now on the right and best selection for Authorised Corporate Director (ACD) services when starting up or running funds.
Working on the selection of an ACD as a new entrant to the fund industry, reassurance of the existing setup, a light touch verification or if clients are open to and looking to switch we really are experts in this area.
Currently (as of October 2023) 10 x external independent ACDs are in the marketplace. As a result it can be difficult to understand and select the best ACD for any business.
Lloyd Experts simplify this process giving management at both board and senior management, a level of comfort and detailed breakdown why a list of shortlisted ACDs are suitable for the business.
A review of the Investment Management Agreement (IMA) and Sponsorship agreement is incredibly important to understand and negociate. Lloyd Experts work with a dedicated lawyer who is well versed and excellent at explaining to clients the pitfalls of any agreement.
Please read some testimonials for what our clients say about us,
The partnership of an ACD and a client should never be underestimated or seen as a letterbox for giving regulatory oversight as to the management of funds. The FCA are very clear in their requirements and expectations from the firm and ACD in this respect and as a result when signing up with an ACD, clients should ask themselves the question,
- Is this ACD suitable to manage the fund in the best interest of the investor?
If an ACD makes a mistake or doesn't deliver what is required then it is the firm who is managing the funds reputation and if different the DFM who's reputation that will be impacted. An ACD should be seen as an extension of any business as the actions of an ACD can have the same consequences for a client who acts in the same way internally. For this reason the selection process and understanding of an ACD, services provided and setup should never be taken lightly.
Full consideration should always be given in every aspect of an ACD and as such we provide a detailed level of due diligence for clients as a service that provides comfort and reassurance, many members of management or a firm are looking for before signing on the dotted line.