Key benefits
- Open architecture
- Investors and investments from many jurisdictions
- No VAT
- Tax transparent
- Fund manager retains control
- Quick to establish
- Bank account included, does not require separate audit and tax returns
- FCA regulated
- Award-winning reporting
How does it work?
- GP enters into custody agreement with Apex Unitas
- GP enters into an advisory/ investment management agreement with each investor, which sets out investment parameters
- Investors pay money to Apex Unitas, which performs onboarding procedures
- Each investor has an individual (or multiple) segregated account
- GP directs the acquisition of direct investments or fund investments on behalf of the investor
- Under the GP’s direction, Apex Unitas pays monies for fund or direct investment
- As directed by the GP, Apex Unitas pays the GP’s fees and settles invoices from cash received/ held in the accounts
- Apex Unitas receives share certificates into custody
- Apex Unitas reports on assets to the GP and to the investor and its advisors
Notes: In order for a GP to put this arrangement in place, it would need permission to ‘arrange safeguarding and administration’ and ‘advise/arrange’ (or manage investments on behalf of) individual clients as well as funds. If this is not the case, a third-party umbrella fund manager with appropriate permissions can be used to provide appropriate cover – and we can make introductions. For the avoidance of doubt, the investment platform is not a collective investment scheme. Apex Group has no discretion, and it will only act on instruction from a GP (or, where agreed, an investor). There is no pooling of assets – all are held in separate accounts for the benefit of each investor.
Apex Unitas is managed by Apex Unitas Limited, an independent custodian, regulated by the Financial Conduct Authority (“FCA”).
