A four-stage process, designed for clarity at every step.

Our engagement model is deliberately structured. Every investor and every corporate client moves through the same four-stage framework — because consistency is the foundation of trust.

Process

The four stages of an FCMA engagement.

From the initial exploratory conversation to ongoing stewardship once capital is deployed, each stage is owned by a senior practitioner and each deliverable is documented. No stage is skipped, regardless of referral source or commercial urgency.

I

Discovery

Exploratory conversation, non-binding and confidential. We understand your objectives, liquidity profile and context before discussing any product.

II

Structuring

Suitability review and instrument selection. Where appropriate, we prepare a tailored subscription proposal with all commercial terms set out in writing.

III

Execution

Formal onboarding: KYC, source-of-funds, subscription agreement and investor documentation. Capital is received into the SPV under governed controls.

IV

Stewardship

Scheduled reporting, coupon cycles, governance communications and access to a dedicated contact throughout the life of the investment.

Governance

Six operating principles that govern our practice.

These are internal standards — not marketing claims. They are how partners at the firm assess whether we are doing our job, and they inform every client decision.

01 Suitability before subscription

No commercial conversation proceeds until we have a genuine view that our product is appropriate for the prospective investor. Where it is not, we decline courteously and without prolonged discussion.

02 Contract as the source of truth

What an investor is owed and when is defined by the subscription agreement — not by marketing material, verbal representation, or illustrations. We write agreements in plain language so this is practical.

03 Separation of roles

The advisory practice, the issuing SPV and the trading entity are separate legal persons with distinct responsibilities. This architecture is maintained even when it creates operational friction — because it protects investors.

04 Proportionate compliance

We apply institutional onboarding standards even to modest subscriptions. The argument for scaling compliance down for small tickets is the argument we explicitly refuse.

05 Scheduled, not reactive, reporting

Investors receive reporting on a published cadence, not in response to market events. Reactive reporting invites reactive behaviour; scheduled reporting supports long-horizon decision-making.

06 Honest language

“Fixed” describes a contractual rate, not an unconditional guarantee. “Target” is not a synonym for “return”. Language is the first line of investor protection, and we hold ourselves to it.

Confidentiality

Discretion is a deliverable, not a courtesy.

Every engagement is handled in confidence. Client information, subscription volumes, and any commercial terms are treated as strictly confidential by default — governed by internal protocols and, where appropriate, by written NDAs executed at the outset of the engagement.

We do not publish client names, case studies or testimonials. Our preference is for referrals within a defined trust network, supported by the demonstrable governance framework described here.

A client who has asked for discretion should not have to ask twice.
FCMA Operating Standard
Common questions

A few things prospective investors typically ask.

What does “fixed return” actually mean in this context?

It means the coupon payable to the investor under the subscription agreement is a pre-agreed contractual rate, applied to the subscribed capital over the agreed term. It is not a market-linked variable, and it is not a forecast. It remains subject to the terms of the subscription agreement, including the rights and obligations of the SPV.

Is the return guaranteed?

No. The return is contractual, not guaranteed. Capital placed into the SPV is subject to counterparty and operational risks disclosed in the offering documentation. Investors should read the subscription agreement in full and take independent advice before committing capital.

Who is eligible to invest?

The FCMA proposition is directed at sophisticated investors, high-net-worth individuals and family offices. Eligibility is assessed during onboarding and is subject to jurisdictional requirements. Where an applicant does not meet the appropriate criteria we are obliged to decline.

What is the typical subscription term?

Terms vary by engagement and are set out in each investor’s subscription documentation. We are happy to discuss typical structures during an introductory conversation, without any obligation to proceed.

How is investor capital protected?

Capital is held within FCMA SPV Ltd, a ring-fenced Special Purpose Vehicle with its own governance. This does not eliminate risk — no structure does — but it provides legal separation from the trading entity and establishes a clear investor rights framework. The full risk profile is disclosed in the offering documentation.

Begin the conversation

Arrange a discreet, no-obligation consultation with our advisory team.

All enquiries are handled in confidence. Consultations are offered on an appropriate-investor basis and are subject to onboarding checks.