UK Authorised Corporate Director (ACD) Services
Our ACD services are designed to meet your specific demands, providing fund management companies with a comprehensive and high-quality level of service.
At Waystone, our UK authorised corporate director (ACD) approach is unique. We offer proactive recommendations on product development and focus on helping you to develop your commercial objectives. We examine ways to meet investor priorities, such as negotiating innovative fee structures, cross fertilisation opportunities or how to take advantage of future legislation and regulation. From the outset, our planning is specifically tailored to achieve the desired investment objective. We work extensively with developing UK UCITS, NURS and AIF funds to assist with their launch as UK regulated investment funds.
We also work with the best suppliers in fund accounting, fund administration, transfer agency, marketing and fund distribution. Our European Fund Solutions are managed and operated by some of the most talented names from within the investment management industry.
By carefully selecting our product partners, we host, deliver and launch specifically designed European investment funds to meet the needs of investors, institutions and private clients advised by an authorised financial advisor.
Waystone’s extensive experience in financial product development, operations and oversight means that we are uniquely placed to develop, host, launch, operate and maintain UK Financial Conduct Authority (FCA) Authorised Collective Investment Schemes. We apply a specialist approach to designing investment funds and we work with leading law firms, fund administrators, fund accountants and transfer agents to tailor our ACD service to each individual client.
As part of our commitment to assisting clients in delivering investment products, Waystone offers both independent fund hosting and product development services, enabling clients to launch UK regulated investment funds.
We differentiate ourselves from competitors by operating open-ended investment funds and continuing to work with our clients to add value in delivering the commercial success of their product. This is achieved through our experience, knowledge, attention to risk and regulatory detail and the complete product development service that we offer.
Our ACD services include:
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- Regulatory and operational management
- Communications with the UK FCA
- Investment and borrowing powers monitoring
- Prospectus, key investment information and fact sheet creation and development
- Risk monitoring & management
- Risk committee management
- Distribution and platform registration
- Creation of new share classes & price publications
- Monthly fund reporting packs
- Management accounting/planning
- Audit oversight
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As part of a move to strengthen fund governance, the UK Financial Conduct Authority (“FCA”), has required asset managers to conduct an annual review of UK-domiciled funds to assess whether they provide fair value to their underlying investors.
This Assessment of Value report is aimed at individuals who invest within the UK-domiciled funds, or their financial advisers. It outlines each fund’s assessment and concludes on whether the ACD Board believes that the fund has demonstrated good value. Where relevant, Waystone also outlines the measures that we, as the ACD, are putting in place in the event that the ACD Board believe the value provided does not meet our own high standards.
Waystone believes the Assessment of Value exercise should make it easier for investors to evaluate whether or not their investment manager is providing them with value, in order that they can make more informed decisions when choosing investment providers.
Find out more about the Waystone approach to Assessment of Value reporting and read our insights on future developments.
ACD Services Shift from DMS Investment Management Services (UK) Limited to Waystone Management (UK) Limited
As of 22 March 2021, the DMS Group changed its name to Waystone Management (UK) Limited. Information in respect of the Authorised Corporate Director and the sub-funds it manages that was previously available at dmsgovernance.com will be available from waystone.com. Our email addresses changed to the [email protected]
To reflect the change of name of name of the ACD, certain of the Open-Ended Investment Company (OEICs) and sub-funds changed their names to replace reference to ‘DMS’ with ‘WS’ and these are listed below. Please note that the DMS Charteris UCITS ICVC amended its name to reflect that it is a UK UCITS.
The ACD has written to the investors of each OEIC informing them of the relevant name changes for the relevant funds that they are invested into.
The name change will not change the legal status of the ACD or the ACD management services we offer and does not impact our existing business arrangements. Sub-funds will continue to be managed in the same way as before.
Should you have any queries, please do not hesitate to reach out to [email protected]
UK UCITS ICVS FUNDS
| Old Name | New Name | |
|---|---|---|
OEIC Scheme Name |
DMS Charteris UCITS ICVC |
WS Charteris UK UCITS ICVC |
| Sub-Fund | DMS Charteris Strategic Bond Fund | WS Charteris Strategic Bond Fund |
| Sub-Fund | DMS Charteris Premium Income Fund | WS Charteris Premium Income Fund |
| Sub-Fund | DMS Charteris Gold and Precious Metals Fund | WS Charteris Gold and Precious Metals Fund |
| Sub-Fund | DMS Charteris Global Macro Fund | WS Charteris Global Macro Fund |
| Sub-Fund | DMS Charteris Property Fund | WS Charteris Property Fund |
VERBATIM MULTI-INDEX FUNDS
| Old Name | New Name | |
|---|---|---|
OEIC Scheme Name |
DMS Verbatim Multi-Index Funds |
WS Verbatim Multi-Index Funds |
| Sub-Fund | DMS Verbatim Multi-Index Portfolio 3 Fund | WS Verbatim Multi-Index Portfolio 3 Fund |
| Sub-Fund | DMS Verbatim Multi-Index Portfolio 4 Fund | WS Verbatim Multi-Index Portfolio 4 Fund |
| Sub-Fund | DMS Verbatim Multi-Index Portfolio 5 Fund | WS Verbatim Multi-Index Portfolio 5 Fund |
| Sub-Fund | DMS Verbatim Multi-Index Portfolio 6 Fund | WS Verbatim Multi-Index Portfolio 6 Fund |
VERBATIM FUNDS
| Old Name | New Name | |
|---|---|---|
OEIC Scheme Name |
DMS Verbatim Funds |
WS Verbatim Funds |
| Sub-Fund | DMS Verbatim Portfolio 3 Fund | WS Verbatim Portfolio 3 Fund |
| Sub-Fund | DMS Verbatim Portfolio 4 Fund | WS Verbatim Portfolio 4 Fund |
| Sub-Fund | DMS Verbatim Portfolio 5 Income Fund | WS Verbatim Portfolio 5 Fund |
| Sub-Fund | DMS Verbatim Portfolio 5 Growth Fund | WS Verbatim Portfolio 5 Growth Fund |
| Sub-Fund | DMS Verbatim Portfolio 6 Fund | WS Verbatim Portfolio 6 Fund |
| Sub-Fund | DMS Verbatim Portfolio 7 Fund | WS Verbatim Portfolio 7 Fund |
SEQUEL INVESTMENT FUNDS ICVC II
| Old Name | New Name | |
|---|---|---|
OEIC Scheme Name |
DMS Sequel Investment Funds ICVC II |
WS Sequel Investment Funds ICVC II |
KLEINWORT HAMBROS GROWTH FUND
| Old Name | New Name | |
|---|---|---|
OEIC Scheme & Fund Name |
DMS Kleinwort Hambros Growth Fund |
WS Kleinwort Hambros Growth Fund |
| Sub-Fund | DMS Sequel Global Target Income Strategy Fund | WS Sequel Global Target Income Strategy Fund |
| Sub-Fund | DMS Sequel Cautious Income Strategy Fund | WS Sequel Cautious Income Strategy Fund |
| Sub-Fund | DMS Sequel Cautious Target Return Strategy Fund | WS Sequel Cautious Target Return Strategy Fund |
| Sub-Fund | DMS Sequel Balanced Target Return Strategy Fund | WS Sequel Balanced Target Return Strategy Fund |
| Sub-Fund | DMS Sequel Growth Target Return Strategy Fund | WS Sequel Growth Target Return Strategy Fund |
KLEINWORT HAMBROS MULTI ASSET FUNDS UMBRELLA
| Old Name | New Name | |
|---|---|---|
OEIC Scheme Name |
DDMS Kleinwort Hambros Multi Asset Funds Umbrella |
WS Kleinwort Hambros Multi Asset Funds Umbrella |
| Sub-Fund | DMS Kleinwort Hambros Multi Asset Balanced Fund | WS Kleinwort Hambros Multi Asset Balanced Fund |
KLEINWORT HAMBROS INCOME FUNDS UMBRELLA
| Old Name | New Name | |
|---|---|---|
OEIC Scheme Name |
DMS Kleinwort Hambros Income Funds Umbrella |
WS Kleinwort Hambros Income Funds Umbrella |
| Sub-Fund | DMS Kleinwort Hambros Equity Income Fund | WS Kleinwort Hambros Equity Income Fund |
| Sub-Fund | DMS Kleinwort Hambros Fixed Income Fund | WS Kleinwort Hambros Fixed Income Fund |