Establishing and growing your business

We not only understand that the financial services industry has its own language, we speak it fluently.

Our Financial Services team (formerly Rees Pollock) has a deep knowledge of Financial Conduct Authority (FCA) regulations, sector-specific tax issues and structuring considerations. This means that you can be assured you have an advisor who not only understands how this all works but who can also identify potential issues.

Our team of almost 70 people have been working with private equity and venture capital managers and funds, wealth managers and advisory firms for over 30 years, providing high-quality, bespoke advice to help them establish and grow their business.

We act for more than 180 FCA-authorised firms, including some of the UK’s leading hedge fund managers, private equity houses and corporate finance advisers. Our key financial services clients include some of the longest established hedge fund managers in the UK and several of the largest in Europe, as well as a number of the most successful launches of recent years.

We can advise regulated firms on legal structures regarding the relationships between the funds they manage and the ways that the managers are remunerated. Equally, we know that the personal tax of those managers is often complex due to these same remuneration policies, and we are well placed to advise on this too.

We are here to act as an extension of your team, identify any issues and ensure your tax and accounting issues are taken care of so that you can focus on growing a successful financial services business.

Phil Vipond - Partner 2

"We have grown to become one of the leading Financial Services teams in the UK by combining specialist technical knowledge with a practical, partner-led approach to client service.”

Phil Vipond

Partner 

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How we can help you

Outsourcing for regulated businesses

  • Bookkeeping and management accounting
  • FCA reporting via GABRIEL and RegData
  • VAT registration and compliance
  • Payroll processing and RTI filing
  • Regulatory capital calculations and advice
  • Budgets and forecasting
  • Staff training and software support

Audit & Assurance

  • Statutory audits of companies and LLPs
  • Client Asset (CASS) Reporting to the FCA
  • Fund audits for UK-based structures
  • Accounts preparation and accounting support
  • ISAE 3402 Internal Controls reports

Tax

  • Tax structuring advice for funds and managers
  • UK tax compliance for companies, LLPs, and LPs
  • VAT partial exemption and special methods advice
  • Tax planning for individuals
  • Advice on Disguised Investment Management Fee rules and Income-based carried interest
  • Indirect tax
  • Advice on the Reporting Fund Regime

Your team

Alex Macpherson - Partner
Partner

Alex Macpherson

Andrew Snook - Partner
Partner

Andrew Snook

Daniel Edgson - Partner
Partner

Daniel Edgson

Neal Desai - Partner
Partner

Neal Desai

Peter Scott - Partner-1
Partner

Peter Scott

Phil Vipond - Partner
Partner

Phil Vipond

Shaun-Melvin_Headshot
Partner

Shaun Melvin

Stephen Kenny - Partner
Partner

Stephen Kenny


Client stories
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Financial services companies should be excluded from the G7 tax proposals

Financial services companies should be excluded from the G7 tax proposals writes Phil Vipond, Partner and Head of Financial Services.

Read here

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What are cryptoassets and how are they treated for tax purposes?

Following HM Revenue & Customs’ (HMRC) recently published manual on cryptoassets, Stephen Kenny from our Financial Services team provides guidance on what they are, how they’re used and how they’re treated for tax purposes.

Read here

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Guidance for investors on the Reporting Fund Regime

Stephen Kenny (Partner, Financial Services) takes a look at the Reporting Fund Regime and provides guidance on what UK investors and individuals need to be aware of.

Read here

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Salaried Member Rules: What you need to know            

If you’re a member of a Limited Liability Partnership (LLP), you need to ensure that you're not caught out unexpectedly by the Salaried Member Rules. Stephen Kenny from our Financial Services team looks at the rules in more detail and explains what you need to know.

Read here

 

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The benefits of Limited Liability Partnerships vs Limited Companies

What are the benefits and disadvantages of a Limited Liability Partnership and a Limited Company and what is the most appropriate structure for your business?

Read here