“Aliier” has an old French meaning, “to partner and become something greater.” Aliier PassportTM is about doing just that.
The world is becoming more interconnected every day. Nowhere is this more evident than in the capital markets throughout the world. Investors everywhere are increasingly recognizing that to be truly diversified they must invest outside their domestic market.
Yet today, that goal is becoming more difficult. We are seeing an environment in which every country in the world is increasing the regulatory, tax, and monetary burden for the financial services industry. In the United States (U.S.), H.R. 4173 (111th) Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”) is not even halfway implemented and has already significantly added to the regulatory burden (i.e., cost). The reach of Foreign Account Tax Compliance Act (“FATCA”) is growing and cross-border taxation policies are becoming increasingly aggressive and complex as nations struggle to raise revenues. The United States is not alone in these changes. Scandals around the world during the recent financial crises have prompted heightened regulatory scrutiny in many markets.
New heightened international compliance requirements are making it increasingly likely that managers who venture internationally will find themselves under the scrutiny of multiple jurisdictions. This growing regulatory and compliance burden can quickly become an overwhelming cost, both direct and indirect, for any manager. It adds significant business risk, requires specialized international compliance staff, distracts from the important skill set of managing money, and growing costs will only add additional pressure to already shrinking margins.
Aliier Passport provides an alternative. We take on the regulatory burden for you. Aliier Passport is an international platform providing fund management firms direct access to various global financial markets. Being listed on the Aliier Passport platform allows portfolio managers and funds to be available for institutional mandates, channel opportunities and financial markets in any country in which we operate that would otherwise be unavailable.