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Company Profile:

Abacus is one of the Isle of Man's leading Fund Administration and Trust and Company service providers. Abacus has been operating in the Isle of Man since the mid-1970's and is one of the premier offshore fiduciary and financial administration providers. Abacus was founded as the international trust company arm of Coopers & Lybrand and today is a truly independent company owned by six former partners of Coopers & Lybrand.

Within the Group are two operating companies:

• Abacus Financial Services Limited, which provides full-service concept development and administration solutions for a range of third-party equity, cash and alternative asset class investment funds.

• Abacus Trust Company Limited, which provides professional trustee, trust administration and company administration solutions for both private and corporate clients.

Our goal is to provide our clients with high levels of integrity and professionalism combined with innovative solutions tailored to their financial needs.

Abacus is a member of Nexia International, a worldwide network of independent accounting and consulting firms.


Fund Administration

Our fund accounting team’s function includes maintenance of independent books of account for the company, reconciliation of accounting records to investment adviser records, pricing the assets of the fund, calculation and payment of fees, preparation and dissemination of official net asset value and preparation of annual financial statements. We utilise cutting edge software which provides for automated trade and pricing feeds and can facilitate web reporting access for Manager and Shareholders at the discretion of the Fund board. We work closely with all of the major accounting firms in the island noted that the big four accounting firms are represented, however both smaller network firms and independent firms are available dependent on each clients specific requirements.

Our investor shareholding services team undertakes all ‘Know Your Client’ compliance in accordance with anti-money laundering regulations as well as dealing with subscriptions and redemptions, client enquiries and reporting distribution.

Our statutory team ensure the fund is fully compliant with all ongoing maintenance of statutory records and documentation, providing registered Agent and or corporate services to the Fund vehicle. We are able to host board meetings on site as required, and will compile and collate minutes for board sign off and retention within the company’s local recordkeeping requirements.

We focus on providing a tailored service, and can advise clients on structuring of all types of fund vehicle – from private ‘family and friends’ type funds to Institutional and fully retail fund structures. Where appropriate we work closely with our Abacus trust colleagues to structure shareholder and or holding companies as may be required for use as special purpose trust and or company vehicles to support the overall fund structure.


Fund Launch Services

We have extensive experience in consulting on start-up situations and use this to ensure the launch process is as smooth as possible. We provide a project management hub in advising on the best fund type and legal form (company, limited partnership, unit trust etc) engaging professional legal and tax advice, concluding agreements with third parties and drafting scheme documentation. We work closely with the major legal firms specialising in Fund establishment and are pleased to assist with arranging quotes for set-up and ongoing legal oversight of local regulation.


Technical Services

To complement our administrative platform we have considerable in-house technical capabilities gained from the Abacus group’s tax and accounting background. We are supported by an in-house tax team to assist in determining the appropriate structure for tax purposes as well as providing tax compliance services. These skills are invaluable, particularly in respect of complex hedge funds and alternative investment vehicles.

Area of Expertise:

Administrators, CSP

Contact Details:

Postal Address:
Sixty Circular Road
Douglas
Isle of Man IM1 1SA

Telephone: 01624 689 750

Fax: 01624 689 602

Website Address: http://www.abacusiom.com

Email: