Recommended WordPress Plugins and Intro to Inbound Marketing Webinar
Inbound webinar presentation
Transcript of Inbound webinar presentation
![Page 1: Inbound webinar presentation](https://reader033.fdocuments.net/reader033/viewer/2022051404/58ecb4721a28abd6348b4647/html5/thumbnails/1.jpg)
1
Webinar - Gateway To Europe Cordium’s inbound solutions for US Fund Managers
The webinar will begin shortly…
You can join either by VoIP or dial in by telephone
Follow call in details if you select to use Telephone audio
![Page 2: Inbound webinar presentation](https://reader033.fdocuments.net/reader033/viewer/2022051404/58ecb4721a28abd6348b4647/html5/thumbnails/2.jpg)
Questions
2
You can submit your questions using the Questions area in the GoToWebinar console
![Page 3: Inbound webinar presentation](https://reader033.fdocuments.net/reader033/viewer/2022051404/58ecb4721a28abd6348b4647/html5/thumbnails/3.jpg)
April 1, 2016CORDIUM POWERPOINT MASTER 3
![Page 4: Inbound webinar presentation](https://reader033.fdocuments.net/reader033/viewer/2022051404/58ecb4721a28abd6348b4647/html5/thumbnails/4.jpg)
4
Moderated by:
Sarah Donnelly - Sales Director, Cordium
Philip Naughton -Compliance Cordium
Matthew Crisp - Financial & Regulatory Accounting Cordium
Sutha Kanagarajah - Tax
Joe Vittoria - Mirabella
Karthik Iyer - Asset Management & Capital Markets
Sector Lead, UK Trade & Investment
Webinar - Gateway To Europe Cordium’s inbound solutions for US Fund Managers
![Page 5: Inbound webinar presentation](https://reader033.fdocuments.net/reader033/viewer/2022051404/58ecb4721a28abd6348b4647/html5/thumbnails/5.jpg)
5
Webinar - Gateway To Europe UKTI – Financial Services Organisation (FSO)
The UKTI FSO acts as a single body for Financial Services companies to engage with, as they plan to grow in and from the UK.
What are UKTI FSO Overarching Objectives?
o The UKTI Financial Services Organisation (FSO) is comprised of a team of dedicated professionals with a sector specific approach to financial and related professional and businessservices.
![Page 6: Inbound webinar presentation](https://reader033.fdocuments.net/reader033/viewer/2022051404/58ecb4721a28abd6348b4647/html5/thumbnails/6.jpg)
6
Webinar - Gateway To Europe UKTI – Financial Services Organisation (FSO)
UKTI FSO takes strategic direction from HM Treasury & the Financial Services Trade & Investment Board (FSTIB) and is accountable for delivering some of its initiatives. We also have 3 principal aims:
1. To attract and retain high value Foreign Direct Investment (FDI) into the UK;
2. To help UK based companies grow their business through international trade; and
3. Develop and maintain relationships with existing investors in the UK for the purposes of encouraging further long term investment into the UK.
![Page 7: Inbound webinar presentation](https://reader033.fdocuments.net/reader033/viewer/2022051404/58ecb4721a28abd6348b4647/html5/thumbnails/7.jpg)
7
Webinar - Gateway To Europe UKTI – Government Commitment to the Sector
What is the Investment Management (IM) Strategy?
The UK Investment Management (IM) Strategy was launched in Budget 2013 and committed the UK to improve its international competitiveness in the IM industry.
It is the government’s job to create the right environment and support firms to gain market share, especially in emerging market economies where new investors, savers and markets are appearing.
“That is why I have established the Financial Services Trade and Investment Board (FSTIB)-to bring together the best that our public and private sectors have to offer to strengthen the UK’s performance in financial services at home
and abroad.”
- Chancellor George Osborne (2013)
![Page 8: Inbound webinar presentation](https://reader033.fdocuments.net/reader033/viewer/2022051404/58ecb4721a28abd6348b4647/html5/thumbnails/8.jpg)
What is the UK Investment Management Strategy
(IMS)?
The UK Investment Management (IM) Strategywas launched in Budget 2013 and committed theUK to improve its international competitiveness inthe IM industry.
This strategy focuses on three main components:
1. Taxation: government will work hard to ensure a tax regime which is simple, fair and streamlined.
2. Regulation: government will ensure a regulatory environment that applies high internationally consistent regulatory standards and that remains responsive.
3. Marketing: government will work closely with key industry bodies to carry a co-ordinated marketing approach to all corners
of the globe.
8
![Page 9: Inbound webinar presentation](https://reader033.fdocuments.net/reader033/viewer/2022051404/58ecb4721a28abd6348b4647/html5/thumbnails/9.jpg)
The big numbers for UK asset management
Source: EFAMA & TheCityUK
9
![Page 10: Inbound webinar presentation](https://reader033.fdocuments.net/reader033/viewer/2022051404/58ecb4721a28abd6348b4647/html5/thumbnails/10.jpg)
Average AUM per manager & Concentration
of Top 5 managers
Source: EFAMA Asset Management Report 2015
10
![Page 11: Inbound webinar presentation](https://reader033.fdocuments.net/reader033/viewer/2022051404/58ecb4721a28abd6348b4647/html5/thumbnails/11.jpg)
11
Webinar - Gateway To Europe UKTI – Financial Services Organisation (FSO)
Key Messages for Investment Management from UK
![Page 12: Inbound webinar presentation](https://reader033.fdocuments.net/reader033/viewer/2022051404/58ecb4721a28abd6348b4647/html5/thumbnails/12.jpg)
12
Webinar - Gateway To Europe UKTI – Financial Services Organisation (FSO)
If you are thinking of the UK as place to do business in, with or from, help is available to make the process easier!
A One Stop Shop Concierge Service gives you all the help you need to set up in the UK.
1. Set up: Help navigating the process of setting up an investment management company
2. Introductions: to the ecosystem of professional services providers and advisors.
3. Accessing market opportunities: Bespoke research.
4. Helping select the best market location
5. Tax Advice
6. Support with visas and entry into UK
7. Finding quality staff
8. Ongoing government support
Once in the UK, UKTI FSO can help your business grow internationally from the UK
![Page 13: Inbound webinar presentation](https://reader033.fdocuments.net/reader033/viewer/2022051404/58ecb4721a28abd6348b4647/html5/thumbnails/13.jpg)
13
Welcome to London
Webinar - Gateway To Europe Cordium’s inbound solutions for US Fund Managers
![Page 14: Inbound webinar presentation](https://reader033.fdocuments.net/reader033/viewer/2022051404/58ecb4721a28abd6348b4647/html5/thumbnails/14.jpg)
14
The Piccadilly Line: Heathrow to the West End
Webinar - Gateway To Europe Cordium’s inbound solutions for US Fund Managers
![Page 15: Inbound webinar presentation](https://reader033.fdocuments.net/reader033/viewer/2022051404/58ecb4721a28abd6348b4647/html5/thumbnails/15.jpg)
15
Let’s simplify it a little
The Piccadilly Line: Heathrow to the West End
Webinar - Gateway To Europe Cordium’s inbound solutions for US Fund Managers
![Page 16: Inbound webinar presentation](https://reader033.fdocuments.net/reader033/viewer/2022051404/58ecb4721a28abd6348b4647/html5/thumbnails/16.jpg)
16
The Piccadilly Line: Heathrow to the West End ….…is like your Journey to being Fully Operational
Webinar - Gateway To Europe Cordium’s inbound solutions for US Fund Managers
![Page 17: Inbound webinar presentation](https://reader033.fdocuments.net/reader033/viewer/2022051404/58ecb4721a28abd6348b4647/html5/thumbnails/17.jpg)
So let us begin our journey ……..
17
Webinar - Gateway To Europe Cordium’s inbound solutions for US Fund Managers
![Page 18: Inbound webinar presentation](https://reader033.fdocuments.net/reader033/viewer/2022051404/58ecb4721a28abd6348b4647/html5/thumbnails/18.jpg)
18
Do I need to be regulated?
What activities require FCA regulation?
There are various examples, such as:
o Marketing, for Managed Account management services, AIFs and UCITS
o Managing with discretion
o Corporate Finance activity
Legal advice required to confirm definitively activities being undertaken
![Page 19: Inbound webinar presentation](https://reader033.fdocuments.net/reader033/viewer/2022051404/58ecb4721a28abd6348b4647/html5/thumbnails/19.jpg)
19
What else needs to be set up?
UK tax and Financial Regulatory Reporting
People
o Employment status
o Payrolls
o Contracts and Handbooks
Structure
o LTD or LLP?
V.A.T.
o Registering
o Reclaims
Business as usual
![Page 20: Inbound webinar presentation](https://reader033.fdocuments.net/reader033/viewer/2022051404/58ecb4721a28abd6348b4647/html5/thumbnails/20.jpg)
20
Baseline reporting schedule – Full-Scope AIFM: CPMI (BIPRU) Typico
What else needs to be set up?
![Page 21: Inbound webinar presentation](https://reader033.fdocuments.net/reader033/viewer/2022051404/58ecb4721a28abd6348b4647/html5/thumbnails/21.jpg)
21
Preparing and submitting an FCA Application
The principal steps are:
o Determine what permissions you need
o Prepare a Business Plan
o Understand minimum regulatory financial requirements with forecasting in FCA format
o Preparation of the application itself
![Page 22: Inbound webinar presentation](https://reader033.fdocuments.net/reader033/viewer/2022051404/58ecb4721a28abd6348b4647/html5/thumbnails/22.jpg)
22
Waiting for FCA Approval
o Current waiting time for FCA Case Officer is 22 weeks.
o Which Case Officer is allocated to your application can make a difference
o Case Officer will ask questions, responding quickly is important, but knowing how to respond is critical since poor responses can lose time.
o Once the Case Officer is satisfied you will be “Authorised Subject to” a few final conditions, the most important will be proof of capital.
o You will decide which exact day your firm will be authorised.
![Page 23: Inbound webinar presentation](https://reader033.fdocuments.net/reader033/viewer/2022051404/58ecb4721a28abd6348b4647/html5/thumbnails/23.jpg)
23
Getting FCA Authorisation
o Your firm will appear on the FCA Register, which will details matters such as your permissions/licence, contact details, approved persons and for what function.
o Make sure you get your MiFID passports in quickly, if required. Otherwise you can’t do business with the rest of EU.
o You can’t apply for MIFID passports as part of your application. You apply separately and these will be received 1 month from request. If you are an AIFM passporting you would need to register with the regulator in each jurisdiction you wish to market in.
![Page 24: Inbound webinar presentation](https://reader033.fdocuments.net/reader033/viewer/2022051404/58ecb4721a28abd6348b4647/html5/thumbnails/24.jpg)
24
Starting Regulated Activities
Compliance calendar – Full-Scope AIFM:
![Page 25: Inbound webinar presentation](https://reader033.fdocuments.net/reader033/viewer/2022051404/58ecb4721a28abd6348b4647/html5/thumbnails/25.jpg)
25
Starting Regulated Activities
Cordium can help you to deal with this:
o Compliance Infrastructure (should be in place at authorisation)
o Compliance Monitoring
o PILOT
o ELF
o Financial and Regulatory Reporting/GABRIEL
o Annex IV service
o Projects
![Page 26: Inbound webinar presentation](https://reader033.fdocuments.net/reader033/viewer/2022051404/58ecb4721a28abd6348b4647/html5/thumbnails/26.jpg)
26
Being Authorised
This is not the end of the story:
o You must keep up with all new regulations
o Maintain your infrastructure
o You must review your capital on an ongoing basis (yes daily!)
o You must undertake ongoing and appropriate training
o For Portfolio Managers there are significant AIFMD obligations
Of course there are non-regulatory activities, such as
Companies House, HMRC, and VAT filings, and annual
financial audits.
![Page 27: Inbound webinar presentation](https://reader033.fdocuments.net/reader033/viewer/2022051404/58ecb4721a28abd6348b4647/html5/thumbnails/27.jpg)
27
Fully Operational
The good news is that your UK firm is fully operational.
Congratulations!
![Page 28: Inbound webinar presentation](https://reader033.fdocuments.net/reader033/viewer/2022051404/58ecb4721a28abd6348b4647/html5/thumbnails/28.jpg)
28
6-9 Months
1 Month
But is there an easier way?
![Page 29: Inbound webinar presentation](https://reader033.fdocuments.net/reader033/viewer/2022051404/58ecb4721a28abd6348b4647/html5/thumbnails/29.jpg)
29
Benefits of Regulatory Hosting:
o Skip the long wait for authorisation.
o Enable you to hire people with the certain knowledge that you can start on time.
o No FCA reporting requirements.
o No FCA capital requirements.
o Compliance and Risk outsourced to experienced people.
Regulatory Hosting with Mirabella
![Page 30: Inbound webinar presentation](https://reader033.fdocuments.net/reader033/viewer/2022051404/58ecb4721a28abd6348b4647/html5/thumbnails/30.jpg)
30
Regulatory Hosting with Mirabella
Mirabella by-the-numbers:
o Currently over 110 FCA Approved Persons, and over 800 since inception
o Currently managing over $5b in Assets, for 16 mandates
o Currently has over 40 Appointed Representative firms, over 100 since inception.
o Exclusively hosting since 2004, no in-house activity
o Client facing team of 13 professionals
Mirabella has been trusted by major investors, including SWF, major global seeding firms, and large pension funds.
Meetings in NY/CT available week of April 11th.
![Page 31: Inbound webinar presentation](https://reader033.fdocuments.net/reader033/viewer/2022051404/58ecb4721a28abd6348b4647/html5/thumbnails/31.jpg)
31
Summary
Summary by Sarah Donnelly
We thank you for your kind attention
![Page 32: Inbound webinar presentation](https://reader033.fdocuments.net/reader033/viewer/2022051404/58ecb4721a28abd6348b4647/html5/thumbnails/32.jpg)
Questions
32
You can submit your questions using the Questions area in the GoToWebinar console
For more information or sales enquiries please contact [email protected] for UK.