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Capital Advisory
PMS Compliance & Support
Registration, net worth certification, compliance monitoring, reconciliation and audit support for Portfolio Management Services providers.
Overview
A portfolio manager operates under continuous supervisory attention, with prescribed net worth, disclosure and reporting obligations and a client-facing fee model that has to be computed exactly as disclosed. The operational load - client-wise accounting, performance reporting, fee computation and reconciliation with the custodian - is where most findings arise.
What this covers
How we help
Registration support
Application, documentation and regulatory correspondence for PMS registration.
Net worth certification
Certification of net worth against the prescribed requirement.
Compliance monitoring
Ongoing testing against applicable regulations and the disclosure document.
Client accounting and fee computation
Client-wise accounting, performance measurement and verification of fees against the agreed basis.
Reconciliation
Reconciliation with custodian and broker records.
Audit and regulatory reporting
Audit support and periodic reporting to the regulator and to clients.
Common questions
PMS Compliance & Support — questions we are asked
No. Portfolio management is a SEBI-registered activity. We provide compliance, accounting, certification and audit support to registered portfolio managers. We do not manage portfolios, hold client assets or give investment advice.
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Talk to us about pms compliance & support
A short conversation is usually enough to establish whether this is the right route, and what it would involve.