Asset and Wealth Management in Ireland

The funds industry is a continually changing landscape. We have the knowledge and experience to assist you with your audit, tax, risk assurance services and advisory needs.

Making asset management in Ireland a success

Ireland is a global leader in asset management

The Asset and Wealth Management industry in Ireland has grown significantly since the establishment of the Irish Financial Services Centre in 1987. Today, Ireland has a deserved international reputation for its robust and effective regulatory framework. It is a global leader in the asset management industry. Due to the variety of fund structures and investment strategies established in Ireland, Irish fund administrators have deep experience and expertise across all types of investment funds.

  • In 2019, the total assets under management in Ireland were worth €4.7tn
  • The number of funds domiciled in Ireland is 7,415
  • Ireland has a 58% share of European ETFs
  • The net UCITS assets in Ireland is €1,971tn
  • The net AIFs assets in Ireland is €672bn
  • Ireland is a global centre for fund services

How to set up a fund in Ireland

Why choose PwC Ireland?

At PwC Ireland, we know that our clients need market-leading expertise. Our specialist asset and wealth management group, the largest in Ireland, works with our extensive global network to provide you with world-class support. Our integrated approach offers market insights and experience that are second to none across all kinds of asset managers, fund service providers and products. Our expertise extends to hedge funds, private equity, UCITS, ETFs, money market funds, real estate funds, Islamic funds and more.

Whether your focus is on growing revenue, integrating successfully, operating globally, improving efficiency or reducing costs, our cross-functional asset management advisory, assurance and tax services can help you.

What we can offer

We provide clients with a broad range of services that cater to the wide-ranging needs of firms in the asset management industry, including:

  • Asset management consulting
  • Audit
  • Fund distribution support
  • Governance and risk management services
  • Internal audit services
  • Regulatory advisory services
  • Tax consulting services
  • Third-party assurance services
  • Setting up a management company in Ireland
  • SOC 1 or ISAE 3402 reporting

View the services we offer

Solving the biggest issues in asset and wealth management

Operating in the asset management space can bring up a variety of challenges, whether it be setting up a management company or navigating the complexities of Brexit. Whatever your issue, we have the expertise and experience to support you.

Setting up a management company or investment firm in Ireland

Whether you choose to set up a fund, investment firm, UCITS management company, or an AIFM, you must obtain authorisation from the Central Bank of Ireland (CBI).

Our team has the industry knowledge to guide you through the authorisation process and have the ability to support firms throughout the entire authorisation life cycle.

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Brexit

Brexit is a complex, multifaceted issue that becomes more important every day as the UK nears its Article 50 extension date deadline on 31 October 2019.

We can offer our extensive understanding of the topic to help you address many of the risks posed by Brexit. We can achieve this through our ability to assist companies in different business areas ranging from but not limited to commercial, financial, and tax considerations.

Contact us today to discuss this further

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CP86 (Fund Management Company Effectiveness)

The CBI  is currently in the process of the review of the implementation of their Fund Management Company Effectiveness Guidance (CP86). Applicable firms must be aware that compliance with this guidance is one of the CBI’s priorities.

Our Asset Management Regulatory Advisory team can provide clients with a detailed understanding of the requirements of the legislation in place. We can examine the current regulatory structures within companies, and provide a detailed analysis and recommendation of areas that require further improvement.

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Environmental, Social and Governance (ESG)

There is an increasing appetite within the asset management industry for investment approaches that integrate Environmental, Social and Governance (ESG) factors. Driven both by increasing regulatory or compliance obligations and growing market demand from investors, ESG is moving from a niche activity to a mainstream solution for asset managers. Our global network has been drawing on their expert subject knowledge to assist asset managers across the world in all areas of their ESG strategy.

You may be focused on strategy development, implementation, due diligence, monitoring and assessment, or managing increasing reporting demands. Our multidisciplinary team has in-depth knowledge and expertise to help you navigate the risks and opportunities in this quickly evolving area.

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Changing international tax

The international tax landscape is changing at an unprecedented rate to reflect the changing nature of international business. With significant changes driven by the OECD, the European Union, the US and other local tax authorities, tax is now more than ever a key consideration in cross-border investment.

There is an increased focus on tax transparency. Bearing down on international tax avoidance and evasion has seen the introduction of a range of international measures to tackle offshore non-compliance.

As the only dedicated asset and wealth management tax team in Ireland, our expert team can guide asset managers and investors through the entire investment process and help navigate changes to global and local tax rules.

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Contact us

Marie Coady

Partner, PwC Ireland (Republic of)

Tel: +353 1 792 6810

Fiona Gaskin

Partner, PwC Ireland (Republic of)

Tel: +353 1 792 6923

Dervla McCormack

Partner, PwC Ireland (Republic of)

Tel: +353 1 792 8520

Trish Johnston

Partner, PwC Ireland (Republic of)

Tel: +353 1 792 8814

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