Maples Fund Services Selected as Administrator for Beacon Trust Portfolios PLC
Maples Fund Services, a leading independent global fund services provider and division of MaplesFS, has been selected by Beacon Trust Portfolios PLC as administrator for their sub-funds, the Beacon Cautious Fund and the Beacon Growth Fund.
Maples Fund Services will provide full administration services, including fund accounting, registrar transfer agent services and FATCA services for both sub-funds. The firm was awarded the business as a result of its depth of expertise and experience in working with fund of funds and its ability to offer customisable solutions and sophisticated infrastructure to meet clients’ requirements.
“We are delighted to be working with Maples Fund Services, given their focus on delivering a comprehensive and quality service to their clients” said Sean Blake, Investment Director at Beacon Trust Portfolios PLC.
Beacon Trust offers a unique approach to investing by combining investment managers who are asset class specialists, with a portfolio structure that delivers both management and tax efficiency. Investors benefit through access to fund managers, who can deliver a superior return relative to their risk profile. The Beacon Cautious Fund will adopt a cautious investment approach by investing principally in a diversified portfolio of Collective Investment Schemes (“CIS”) with exposure to fixed income securities and money market instruments. The Beacon Growth Fund will adopt a moderate growth investment approach by investing principally in a diversified portfolio of CIS with exposure to global equity securities.
"Our new relationship with Beacon Trust is a testament to the recent growth in the fund of funds space and investor demands for excellent service and fee flexibility,” said Stephen Lewis, Maples Fund Services’ Regional Head of Sales and Relationship Management - Europe. “With our core pillars of technology, experienced staff, tried and tested process and a reputation for stability and innovation we are well positioned to support this growth and look forward to working with Beacon Trust as its funds grow and its offering develops”.
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