The ID Register partners with KPMG

The ID Register has named KPMG in the Crown Dependencies (KPMG firms collectively across the Channel Islands and the Isle of Man) as its new alliance partner.

KPMG leverages its tax and advisory experience to help firms shift to digital and grow quicker, with lower risk and smoother onboarding. Alongside KPMG’s wider advisory capabilities, The ID Register alliance enables:

• Investors to be approved once in a private profile, increasing privacy and eliminating hassle
• Funds and trusts to offer clients a smoother onboarding experience at a lower cost
• Service providers to rely on The ID Register, reducing risk, overheads and barriers to growth

“Paper-based, repetitive client onboarding is increasingly untenable,” said Tony Mancini, tax partner at KPMG in the Crown Dependencies. “We have watched The ID Register earn the trust of clients, grow to over 25,000 investor profiles and become regulated in a sophisticated and mature jurisdiction like Guernsey. Through this alliance, our clients can now benefit from a smoother, more cost-effective onboarding service fit for purpose in the 21st century, allowing them to focus on growing their businesses and serving their investors and clients.”

The ID Register announced in February that it had received a licence from Guernsey Financial Services Commission to carry on controlled investment business. Shortly after the announcement, the firm named StepStone Group as an alliance partner. 

Last September, The ID Register spun out of Apex Group, following its MBO led by founder Tim Andrews and backed by Perscitus LLP. At the time, the firm said it would seek to expand its base of alliance partners and clients, further its regulated services and invest in its tech and operating model.