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DHP Finance Consultants

Responsible Entity Services

We are currently the Responsible Entity/Trustee for more than 200 managed investment schemes. We can offer a unique solution in the market: should the investment manager wish, members can undertake the Responsible Entity, Custody, Registry and Fund Administration services for a fund or, alternatively, the investment managers can choose a single service or combination of services.

We have worked with numerous investment managers to establish registered schemes in a variety of asset classes and the team is well-positioned to assist investment managers looking for a qualified and experienced Responsible Entity for hire. We operate a number of Responsible Entities. Each of these entities holds an Australian Financial Services License and is licensed, pursuant to the Corporations Act, to operate financial services businesses and to act as a Responsible Entity for registered managed investment schemes.

Each registered managed investment scheme is governed by a constitution. The constitution must be lodged with Australian Securities and Investment Commission. A compliance plan must also be prepared for each registered scheme which describes the key processes, systems and structures that the Responsible Entity will apply to ensure compliance with the Corporations Act, the scheme’s constitution and financial services laws. The compliance plan is required to be audited annually and the audit report is lodged with the Australian Securities and Investments Commission. The role of the Responsible Entity includes responsibility for compliance with the managed investment scheme constitution and compliance plan, and ongoing satisfaction of legislative and regulatory requirements.

When acting as a responsible entity for hire, DHP Finance Consultants can include:

  • Scheme registration
  • Production of offer/disclosure documents
  • Designing compliance plans
  • Monitoring of compliance with the Corporations Act, PDS, constitution and compliance plan
  • Liaison with ASIC
  • Managing adherence to legislative and regulatory requirements
  • Custody services
  • Appointment and monitoring of external service providers

Back-office solutions (in-house or outsourced), including:

  • Scheme administration
  • Fund accounting
  • Unit registry
  • Portfolio valuation
  • Unitholder reporting
  • Complaints monitoring and resolution

A Responsible Entity’s role is similar to that of a Trustee with a wholesale managed investment scheme, however a Responsible Entity has additional obligations and responsibilities.

We act as Responsible Entity assisting investment managers with listed and unlisted funds with wholesale and/or retail investors. Should you be seeking a Responsible Entity to assist with the establishment of a registered managed investment scheme, please contact us.

As well as acting as a Responsible Entity for hire for registered schemes, we can also offer its trustee services for unregistered schemes.