Funds Transitions & On-Boarding

Our consultants are considered thought leaders with subject matter expertise across the investment management life cycle. Our consultants have conducted many in-depth peer group and strategic reviews, advising the operational and executive boards of investment managers.

The Brief

The client commissioned ISC to provide several resources with Programme and Project Management expertise to manage the transition of their Private Client book of business to another asset manager, including all assets, clients, personnel, data and records.

Project Scope

The project engagement only began once the sale had been agreed with the buyer, and was to a very aggressive timeframe. All aspects of the private client book of business needed to be transferred from the client, to the buyer, and this required a close working relationship to be established between the two organisations. Transfer of both Onshore and Offshore clients and their assets required extensive communications and legal co-ordination in the novation of agreements, and (in some cases) transfer of legal entities. Certain personnel also needed to be transferred from the client to the purchaser, and their employment terms were in scope of the project. A key major component of the transfer was the records and data associated with the clients and legal entities included with the sale.

Our Role & Value

ISC’s placed several resources into the project, including the overall programme manager, and several project managers for different streams of the transition. At programme management level, it was key to ensure that all streams were progressing, and any obstacles removed, as well as close communication with the buyer, and co-ordination of their own plans with those of the seller. Project managers appointed via ISC dealt with the specific peculiarities of the Offshore business transfer, and co-ordinating the communications and novations of all client contracts, and striving to keep any terminations to a minimum.

The Outcome

The client achieved the transfer of business on the agreed date, with higher than expected retention rates of business transitioning to the new manager. From the client’s and from the buyer’s perspective, the project was deemed to have been a great success. This enabled the seller (ISC’s client) to re-focus their remaining business and streamline their activities into a more efficient business model.

Consultant Reflections

“I have been working at ISC since 2010, since day one I have had amazing support to develop and grow within my role. The directors of ISC are extremely dedicated to their employee’s progression which sets them apart from other consultancies."

Kelly Goldie, ISC Head of Operations

ISC: SFDR Deadline Approaching

ISC: SFDR Deadline Approaching SFDR (Sustainable Finance Disclosure Regulation) will apply to products marketed and sold in the EU, and the first imminent deadline of 10/3/2021 is fast approaching. Whilst it is true that regulators may be re-thinking the stringency of the immediate regulations, have you classified your products under the various articles, have you…

READ MORE

ISC: Regulatory Forum -Inaugural Meeting

ISC: Regulatory Forum – Inaugural Meeting ISC hosted its inaugural regulatory forum where Heads of Regulatory Change gathered to share their experiences and challenges implementing regulatory change within the investment management landscape. Topics discussed included: Operational Resilience regulation SFDR/ESG challenges Regulatory Reporting – not just new regimes but also remediation of existing regime reporting Brexit…

READ MORE

Fundipedia and ISC announce partnership to deliver data software solutions and consultancy to asset and wealth managers

Fundipedia and ISC announce partnership to deliver data software solutions and consultancy to asset and wealth managers Fundipedia and ISC are pleased to announce that they have entered a strategic partnership by joining forces to deliver Fundipedia and associated data consultancy services to global financial firms. The two organisations provide complimentary services and their partnership…

READ MORE

ISC: Remote working through the Covid-19 pandemic

ISC: Remote working through the Covid-19 pandemic ISC are a virtual office so remote working is not new for us but as we are not able to meet in person, we have been doing lots of teams/zoom calls to keep in touch. It is important that as a team we make that our communications with…

READ MORE

ISC celebrates 15 years

ISC is 15 years old ISC is celebrating 15 years of offering consultancy services to the Investment Management Industry! This November ISC celebrates our 15th anniversary in a different fashion from previous years: From Home. As with most of the investment management industry, working from home is the new normal and we are adapting to…

READ MORE

ISC: World Autism Day

ISC: World Autism Day Raising awareness about autism is something very close to the heart of Simon Harris, Director of ISC. Simon’s daughter is profoundly autistic and unable to communicate. Furthermore, there are other ISC Directors with children who have different challenges also on the autistic spectrum. Raising awareness is never easy, so Simon has…

READ MORE

ISC: Understanding the 2020 Global Investment Performance Standards

ISC: Global Investment Performance Standards 2020 The new GIPS(R) 2020 standard was released on the 30th June 2019. In the turmoil of today that seems an age ago and a world away. However, the asset management industry continues to play an important role providing a vital avenue for Investors and Retirees. GIPS(R) play its part in that framework. ISC can…

READ MORE

ISC: IR35 & the Investment Management Industry

ISC: IR35 & the Investment Management Industry As we all know changes to the disguised employment regulation commonly known as IR35 come into force from 5th April 2020. The government has recently announced a review into its implementation, but this is not expected to halt the changes.   Companies within the investment Management sector have grown used…

READ MORE

ISC: Trading has changed, have you?

ISC: Trading has changed, have you? The world of sell side trading has undergone considerable change over the last ten years. Driven by increased regulation and margin compression the sell side has significantly reduced market making inventory and capital-intensive trading activity. For the buyside, this sell side evolution, coupled with the introduction of MiFID II…

READ MORE

Michael Smeal joins ISC

Michael Smeal joins ISC September 2019 ISC are pleased to announce that Michael Smeal has joined ISC. Mike brings a wealth of experience and knowledge to ISC having worked at a number of asset managers in the UK and Europe. Contact us We listen to your needs We understand your challenges We provide solutions We…

READ MORE
We listen to your needs

We listen to your needs

We understand your problem

We understand your challenges

We suggest a solution

We provide solutions

We help with implementation

We help with implementation

Contact us to find out more

ISC is all about helping our clients be successful. Clients receive a personal relationship with our talented and pragmatic consultants, whose goal is to help them achieve success.