The guiding principle of IIMI is that boutiques are beneficial for the entire ecosystem of asset management within the UK. They facilitate greater diversity of investment options, competition, and specialisation that ultimately benefit investors. In tandem we also focus our efforts on trying to ensure that these small companies, whose structures are often designed to facilitate relatively easy setup and nimbleness, are also fit for purpose when protecting their clients, employees and partners. The purpose of this paper is to review the corporate structures which many IIMI members have adopted – highlighting their merits whilst cognisant of potential pitfalls – and to help inform decisions around choice and evolution in corporate structures”.
IIMI members are comprised of several different corporate structures. See figure 1. For a chart of those in Limited Liability Partnerships vs Limited Company Structures.