Who are your fund management and service providers?

As one of the most regulated business activities under Australian law, Wholesum contracts with a number of reputable and highly-experienced fund service providers to ensure ongoing compliance with financial services regulations.

The table below outlines the key parties that Wholesum has appointed and their role in the funds management process.

# Service Provider Overview Wholesum’s Fund Services Partner
1 Legal Advisor Wholesum’s Legal Advisor has helped prepare and review all fund documentation such as the Information Memorandum, the Trust Deed, the Investment Management Agreement and the Corporate Authorised Representative Agreement as required under Australian Corporations and Investments Law and Regulations and the contracting framework with the Fund’s Trustee, Boutique Capital.

They also provide legal sign-off that Wholesum’s fund and consumer-facing documentation and investment strategy are compliant with the relevant laws and regulations.

Name: PMC Legal
Overview:
3 Corporate Authorised Representative (CAR) of an Australian Financial Services License (AFSL) holder In Australia, the Australian Securities and Investments Commission (ASIC) is the regulatory body responsible for issuing the Australian Financial Services License (AFSL). ASIC assesses and grants AFSLs to entities that meet the necessary requirements and standards to provide financial services in Australia. The AFSL allows the licensee to legally offer financial investment services and operate in the Australian market. It ensures that investment service providers adhere to regulatory obligations and protect the interests of consumers.

To operate investment services, Wholesum can obtain the status of a Corporate Authorised Representative (CAR) of an AFSL holder. Where the AFSL holder is ultimately responsible to ASIC, they will audit and review Wholesum’s activities and Wholesum must comply with the AFSL holder’s directives.

Name:
Overview:
2 Trustee The Trustee is like the caretaker of the investment fund. They are responsible for making sure that the fund is managed in line with the rules and regulations set out by the government. They help protect the interests of the investors and ensure that the fund operates honestly and transparently. Name: Boutique Capital Pty Ltd (ABN, AFSL)
Overview:
4 Custody Custody refers to the safekeeping of the fund’s assets, such as stocks, bonds, fund allocations, and cash. A custody provider is responsible for holding and safeguarding these assets on behalf of the fund. They ensure that the assets are securely stored, accounted for, and protected from theft or loss. Name:
Overview:
5 Administrator The Administrator helps with the day-to-day operations of the fund. They handle tasks such as maintaining records, calculating the fund’s value, processing transactions, and preparing reports. The administrator plays a vital role in ensuring that the fund’s operations run smoothly and efficiently. Name:
Overview:
6 Registry The Registry keeps track of the investors in the fund. They maintain a register or database that records the details of each investor, such as their personal information, investment amounts, and transaction history. The registry helps ensure accurate record-keeping and facilitates communication between the fund and its investors. During the registration process for new investors, the Registry runs checks to ensure they meet Anti-Money Laundering / Countering the Financing of Terrorism regulations through personal ID verification. Name:
Overview:
8 Accounting & Audit Accounting are important for ensuring the accuracy and transparency of the Wholesum’s financial records. An accountant helps with preparing financial statements, tracking income and expenses, and ensuring compliance with accounting standards. Name: Hannan
Overview:
These service providers work together to ensure that we, Wholesum, as the manager and our fund, the Wholesum Responsible Fund, operate smoothly, comply with regulations, and protects the interests of all of our stakeholders.