Wheelhouse partners with RFA

Tax consultancy Wheelhouse Advisors has partnered with RFA to support investment firms with their specific reporting and compliance needs.

The partnership aims to help investment firms with specific compliance requirements such as Annex IV reporting and the new prudential regime for investment firms (IFPR). To achieve this, RFA is further digitising Wheelhouse’s internal processes to support automation and efficient work processes.

The partnership began with a review of Wheelhouse’s data estate and recommendations of how the business can best use its own data. Once completed, the partners will jointly develop a set of solutions which can be taken to market.

“Our partnership with Wheelhouse Advisors gives us an invaluable insight into the detail and nuances of regulation which our clients are dealing with,” said George Ralph, global managing director and CRO of RFA. “We see real value for clients by bringing together RFA’s technical expertise and understanding of the client’s digital ambitions with Wheelhouse Advisors’ extensive knowledge of the specific regulations governing alternative investment managers. Business process is complex and can be challenging to managers whose time is better spent elsewhere.”

News of this partnership comes after Wheelhouse received an investment from ThinCats in June. At the time, the firm explained the fresh capital will be used to address its growth strategy, extend its client proposition and the firm’s digital transformation.