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.

      We work with the best suppliers in fund accounting, fund administration, transfer agency, marketing and fund distribution. Our investment products 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 investment funds such as UK UCITS, NURS and AIF funds, to meet the needs of investors, institutions and private clients advised by an authorised financial advisor.

      At Waystone, our 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.

      Independent Fund Hosting Services for FCA Authorised Collective Investment SchemesAtoms / Icons / plusExpand

      Waystone’s extensive experience in financial product development, operations and oversight means that we are uniquely placed to develop, host, launch, operate and maintain 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 fund hosting and product development services, enabling clients to launch UK regulated investment funds.

      We differentiate ourselves from competitors by operating 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 services include:

        • Regulatory and operational management
        • Communications with the 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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      UK Assessment of Value SummaryAtoms / Icons / plusExpand
      As an Authorised Corporate Director (“ACD”), Waystone carries out Assessment of Value reporting for its UK-domiciled funds.

      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 funds, or their financial advisers. It outlines each fund’s assessment and concludes on whether the 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.

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      With effect from 22 March 2021, the DMS Group will re-brand as Waystone. Subject to the approval of the UK Companies House, it is intended that DMS Investment Management Services (UK) Limited) (the ACD) will change its name to Waystone Management (UK) Limited. Information in respect of the ACD and the sub-funds it manages that was previously available at dmsgovernance.com will be available from waystone.com. Our email addresses will change to the [email protected]

      To reflect the change of name of name of the ACD, certain of the OEICs and sub-funds will change their names to replace reference to ‘DMS’ with ‘WS’ and these are listed below. Please note that the DMS Charteris UCITS ICVC will also amend its name to reflect that it is a UK UCITS. Such changes are expected to take effect upon the change of name of the ACD taking effect which shall be in or around 22 March 2021.

      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 services we offer and will not impact our existing business arrangements. The re-brand does not affect the way your investment is run. Your sub-fund 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]

      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
      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
      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
      Old Name New Name
      OEIC Scheme Name DMS Sequel Investment Funds ICVC II WS Sequel Investment Funds ICVC II
      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
      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
      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

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