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Retail Funds

Monday, 21 August 2017

We act for clients on both the establishment of UCITS funds and on a broad range of regulatory, marketing, distribution, investment and operational issues arising for clients operating retail, regulated funds.


Image for Sam Kay

Head of Investment Funds

Sam Kay

Email Sam
+44 (0)20 7295 3334

Sam joined Travers Smith as a trainee in 1998 and he became a partner in 2008. Sam heads up the Investment Funds group and specialises in fund formation work for a wide range of private funds.

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We advise clients on the most appropriate structure for their business, handle all aspects of fund formation including the authorisation process with the UK regulator (for both the fund and the operator), the investment management and advisory agreements, the depositary or trustee agreement and agreements with other third party service providers.  We also advise clients on marketing and distribution arrangements, platform services, tax wrappers such as ISAs and Junior ISAs.

We provide wide ranging advice on all regulatory matters associated with operating and managing UCITS funds.

Our team is characterised by its commercial, proactive approach and in depth knowledge of the UK retail funds sector.

Recent experience includes:

  • establishment of the Fundsmith Equity Fund
  • advising on the creation of a UCITS master-feeder structure and the utilisation of the UCITS management company passport
  • advising on a change in the fund hosting service provider for a management group
  • advising clients on UCITS IV and the implications for their businesses