Trustee and Responsible Entity Services
Holding an Australian Financial Services Licence (AFSL) enables Rhodes Asset Management to act as a Trustee or Responsible Entity (RE) for various investment schemes.
This means we can provide the crucial oversight and governance required to protect investor interests and ensure regulatory compliance.
Choosing Rhodes as your Trustee or RE gives you the confidence and peace of mind that your scheme is being managed with the highest level of professionalism and integrity.
What is a Trustee/Responsible Entity?
A Trustee or Responsible Entity plays a vital role in the management and governance of investment schemes, including:
- Unit Trusts: The Trustee holds the assets of the trust for the benefit of the unit holders.
- Managed Investment Schemes: The Responsible Entity is responsible for the overall operation and management of the scheme.
Scheme Administration
We oversee the administration of the scheme, ensuring its smooth and efficient operation. This includes:
- Appointing Service Providers: Selecting and monitoring key service providers, such as custodians, administrators, and auditors.
- Financial Reporting: Reviewing and approving the scheme’s financial reports.
- Unit Holder Communication: Overseeing communication with unit holders, ensuring they receive timely and accurate information.
Governance and Oversight
We provide independent oversight of the scheme’s operations, ensuring it is managed in accordance with its constitution (trust deed) and all applicable laws and regulations. This includes:
- Monitoring Compliance: Regularly reviewing the scheme’s activities to ensure adherence to regulatory requirements and internal policies.
- Risk Management: Identifying and assessing potential risks and implementing strategies to mitigate them.
- Conflict of Interest Management: Establishing and maintaining procedures to identify and manage any potential conflicts of interest.
- Independent Reviews: Conducting periodic reviews of the scheme’s performance and operations.
Why Choose Rhodes Asset Management?
- AFSL Licensed: Our AFSL demonstrates our expertise and commitment to regulatory compliance.
- Experience and Expertise: We have a team of experienced professionals with a deep understanding of trust and responsible entity services.
- Independent Oversight: We provide independent and objective oversight of your scheme’s operations.
- Client-Focused Approach: We are committed to providing personalised service and building long-term relationships with our clients.
- Strong Governance Framework: We have a robust governance framework in place to ensure the highest standards of integrity and accountability.
Fiduciary Duties
We act in the best interests of the scheme’s investors, fulfilling our fiduciary duties with the utmost care and diligence. This includes:
- Acting Honestly: Always acting honestly and in good faith.
- Acting with Care and Diligence: Exercising reasonable care and diligence in all our actions.
- Avoiding Conflicts of Interest: Prioritising the interests of the scheme’s investors over our own.
Compliance and Regulatory Expertise
Our AFSL demonstrates our commitment to regulatory compliance. We possess in-depth knowledge of the relevant legislation and regulations governing investment schemes, including:
- Corporations Act: Adhering to the requirements of the Corporations Act 2001.
- ASIC Regulations: Complying with all relevant ASIC regulations and guidelines.
Contact us today
to discuss your Trustee or Responsible Entity needs and learn how Rhodes Asset Management can help you achieve your investment objectives.