Our Services
Our Services include:
- Regulatory hosting for Appointed Representatives
- Compliance and governance services and support
- FCA compliant systems and training
- Fund management for GP/LP, S/EIS, and carry vehicle funds
- SPV operator for angel syndicates and arrangers
- Fund structuring and regulatory approval
- Financial Promotions marketing systems
- Investor onboarding and fund closings
- Investment Committees, investment deployment and management
With our partner law firms, fund administrators and accountants, we deliver a wraparound service that enables our clients to concentrate on raising and deploying capital into early-stage businesses, while we support them in developing their own compliance and governance structures so that they are ready to secure direct authorisation in the future.
You can see a full list of the services TFI is authorised to provide on the FCA register.
FAQs
How does regulatory hosting work?
Regulatory hosting allows your firm to perform regulated financial services activities without the need to become directly FCA authorised.
TFI provides you with the regulatory permissions and compliance infrastructure to operate your investment business. We do this by onboarding you as an Appointed Representative and acting as your Principal.
For emerging managers, TFI is the manager of the fund and you are appointed to advise us in making investments. Where you are providing advice to – for example – an AngelList or other fund, we provide you with the regulatory permission to advise the fund on investments.
For investment services arranging investments, you are appointed to fundraise and deploy capital into companies.
For angel groups, TFI has the permissions to operate the SPVs that hold your syndicates’ investments.
What are the benefits of regulatory hosting?
Running a fund or arranging investments is complex – as well as deal sourcing, investor relations and portfolio management, there are strict regulatory requirements from the industry regulator, the Financial Conduct Authority. TFI’s more than 20-year track record in managing funds and other investment vehicles, and our expertise in compliance, governance and investments, mean that we support our clients in meeting those requirements.
Applying to the FCA can take up to 12 months and is a costly process both in terms of application fees and compliance resources, particularly when no fund or investment has yet been raised.
Particularly for smaller funds, and for emerging managers, regulatory hosting is time-efficient, cost-effective and delivers a high-quality back office – meaning that you can concentrate on sourcing deals that drive your performance.
How long does becoming a TFI client take?
Usually, our onboarding process takes around a month. FCA consent takes up to a further six weeks to process an Appointed Representative application. We recommend that you begin this process once you think you are around three to four months from a first close of your fund.
We are happy to work with you for as long as it takes before starting the formal onboarding process – because we understand that investor conversations take time, and getting service providers, operations and processes set up can also be time-consuming. We are here to help and to make everything as straightforward as possible.
Before you are onboarded as a client, we are able to offer tips, tools and guidance that will make your progress towards raising and closing investment into your fund smoother and – crucially – start building your internal compliance and governance systems to navigate the world of regulated financial services.
What do I need to set up a fund?
You will need TFI as your regulatory host, and lawyers, fund administrators and accountants – TFI works with many well-regarded firms and is pleased to be able to recommend other service providers. Once we understand your requirements and your preferences as to how you like to work we will suggest a shortlist.
If you have any more questions, please do get in touch
