This part of the website may contain communications that are directed only at (1) investment professionals per the meaning in Article 19 of The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (“the FPO”); (2) High net worth companies, unincorporated associations etc. per the meaning in Article 49 of the FPO; (3) other persons to whom the communications may lawfully be made (together, the “Permitted Persons”).
The regulated services provided by Altum Depositary (UK) Limited (FRN: 1019005) and Altum Fund Services (UK) Limited (FRN: 1018994) are only available to Permitted Persons, and any communications in this part of the website must not be relied on or acted upon by other persons.
Why Altum Group for Fund Operator Services
The operation of collective investment schemes in the UK is restricted under the Financial Services and Markets Act 2000. This typically includes limited partnerships and limited liability partnerships which have long been a popular choice amongst both domestic and international investors wishing to partner with others in closed-ended fund structures whilst preserving their own tax status.
The role of the FCA authorised operator is to take overall responsibility for the administration of the fund and have oversight of the financial aspects, ensuring in particular that investors’ cash and assets are properly safeguarded.
Our London team of chartered surveyors, accountants, administrators and company secretaries includes acknowledged experts in this field, having been responsible collectively for provision of operator services to funds.
Based on our detailed technical understanding of the risk profile associated with a wide variety of individual real estate investment and development strategies, we align our activities to our clients’ commercial objectives. We focus on delivering regulatory compliant solutions with the minimum of interference in day-to-day operations, enabling clients to focus on core fund management activities.
Our principal services that move you forward
We adopt a pro-active and forward-looking approach, tailoring our services to match requirements at specific points in the fund life cycle.
- Maintaining formal investor registers
- Admitting investors and transferring interests
- Overseeing fund bank accounts
- Approving drawdowns & distributions
- Maintaining financial records
- Approving asset management reports
- Convening investor meetings
- General communication with investors
- Approving the appointment of auditors
- Monitoring fund and GP conduct
- Verifying fund asset holdings
- Reporting to the FCA as necessary
Why clients trust Altum
