Fund establishment
Constitution to first close.
Managed investment scheme and unit trust establishment for sponsors. We carry the scheme from constitution through to first close.
On this line
Scheme establishment is a sequence: constitution, RG 46-style disclosure, custodian and trustee appointment, AML/KYC framework, ASIC registration where applicable, target-market determination and the periodic reporting cadence. Each step is documented before it is executed.
The constitution is drafted to the scheme; the trustee is appointed under a written instrument; the custodian arrangement is signed before any subscription is taken. By first close the scheme is operating on the documented terms with the operations cadence already running. The deliverable is a signed constitution, a trustee instrument, a custodian agreement, an offer document for the wholesale client base and an operations manual setting the scheme cadence.
The sequence
Scheme establishment is six steps in order.
Each step is documented before it is executed. By first close the scheme is operating on the documented terms with the operations cadence already running.
- 01
Constitution
Scheme deed drafted to the strategy, with the trustee and investment manager roles named on instruments.
- 02
Disclosure
RG 46-style disclosure pack drafted to the wholesale client base. No retail PDS, no DDO compromise.
- 03
Trustee + custodian
Trustee appointed under written instrument. Independent licensed custodian arrangement signed before subscription is taken.
- 04
AML/KYC
AML/CTF framework documented and executable. Designated services scoped against AUSTRAC Rules.
- 05
ASIC registration
Where applicable. Target-market determination filed before the offer document is distributed.
- 06
First close
Scheme operating on documented terms with the operations cadence already running. Reporting register filed from day one.
In scope
What this line covers.
Wholesale-only client base
Schemes whose client base sits wholly inside the wholesale or sophisticated investor definition.
Executable investment policy
The sponsor has an executable investment policy and a clearly written target-market determination at engagement.
Independent custodian available
An independent licensed custodian arrangement is available for the asset class — we separate trustee from custodian by structure.
Out of perimeter
What this line doesn’t do.
The boundary is written into the engagement letter, the deed, and the compliance plan. We surface it on the public site so the conversation can start at the right place.
Retail managed schemes
Out of perimeter. We do not establish registered (retail) managed investment schemes.
In-house portfolio management
We do not manage the assets ourselves. The sponsor or an external manager runs the portfolio.
Performance-fee participation
A flat establishment + responsible-entity fee is the engagement. We do not participate in performance fees on schemes we are responsible-entity for.
Constitution before subscription. Each step documented before execution.
Reach the firm
Briefings for this line are short and dated.
Email briefings@stoneleafcapital.com.au. We respond the same business day from Brisbane.