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Responsible Entity and Trustee
Columbus has an Australian Financial Services Licence which authorises us to act
as responsible entity to registered managed investment schemes and to act as
trustee to unregistered managed investment schemes. We provide independent
responsible entity and trustee services - sometimes called a responsible entity
for hire.
We act for both wholesale and retail schemes with a wide variety
of asset classes, such as:
Australian Equities, Bonds and Cash
International Equities, Bonds and Cash
Direct Property and Property Related Assets
Other Securities, including Derivatives
As responsible entity or trustee, Columbus will be responsible for your scheme
and the comprehensive range of services that we will provide will include any or
all of the following:
- scheme documentation, eg. constitution, product disclosure statement;
- ASIC requirements;
- compliance monitoring;
- regulatory reporting;
- complaints resolution membership;
- financial resources and insurance; and
- full back office solutions, including, if required:
- Scheme administration
- Unit registry
- Portfolio valuation/accounting
- Unitholder reporting
- Transaction settlements
Columbus is authorised to provide custody and depository services, where these
are incidental to the provision of trustee services.
When we act as responsible entity for registered schemes, custody is always
outsourced to a specialised custodian.
Product Design and Implementation
Our staff have extensive experience in the design and structure of investment
products. We are able to work with fund managers and promoters to develop a
scheme and to ensure that it is structured in a cost effective way with
efficient operations and administration.
By getting the structure right at the outset the benefits for the scheme flow
through to the managers, promoters and to the investors.
Implementation services include:
- Regulatory and licensing advice
- Administration and operation structures
- Outsourcing - selection, appointment, documentation and administration
- Project managing the drafting, design and production of offer documents,
- Due diligence and verification processes
AFS Licence Applications
Even when Columbus is acting as responsible entity or trustee for a scheme, the
promoter or manager of the scheme may also be required by law to hold its own AFS licence or to act as an authorised representative of an AFS licence holder.
Staff at Columbus have made many successful applications to ASIC on behalf of
clients for an Australian Financial Services Licence. We can assist clients to make
their own application or we can make the application on their behalf.
Compliance and Risk Management
Compliance and risk management structures are vital elements in the
establishment and administration of a scheme and are a prime focus of our
regulators. Through our experience, Columbus is able to provide advice and
assistance in the development, documentation and implementation of appropriate
compliance and risk management structures for clients and, if required, to
provide ongoing monitoring and supervision.
Why Columbus?
- Unique experience and expertise in the financial services industry
- Small and dynamic business with the ability to understand and the flexibility to respond to the needs of clients
- Focus on working with clients as partners in the success of the business
- Tailored services and solutions to meet the individual clients' needs
- The highest standards of professionalism and integrity
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