Due diligence

As a client or potential client of a boutique investment manager, it's often difficult to know what procedures and controls have been implemented. Most of these managers are unlikely to produce an internal controls report. Their external audit is usually limited to the financial requirements and reports required under their AFSL.

In addition, many of the traditional back and middle office roles may be outsourced and you're not sure of the level of service provider monitoring and management that occurs. For these reasons, you may want to conduct due diligence on your boutique investment managers to ensure that they are meeting their operational and compliance requirements and are compliant with their AFSL

Alternatively, you may be looking to acquire an equity stake in a boutique investment manager and want to know what potential issues you may be inheriting.

Harbridge conducts investment manager due diligence (AFSL compliance and operational) for industry and super funds looking to comply with their APRA licensing requirements, family offices and other potential institutional investors, as well as potential equity partners in boutique investment managers.

Boutique investment management companies and family offices can also take advantage of our due diligence services offered to do a health check on their existing operational and compliance arrangements.