Flows That Are Common Across Investment Vehicles
The following flows apply to all investment vehicles:
initial fund/offering setup
transfers
A fund/offering needs to be in place on the platform before transactions can occur. Once a fund/offering is active, initial investments can proceed. By default, only investing organizations that have received and accepted assignment to the exclusivity list for a security are allowed to participate. The optional flow for adding a service provider, such as a fund administrator, is valid at any point before close.
The following table lists the necessary steps to perform the outlined tasks.
1
AM - Create and Launch Offering
2
AM/FA - Add Investing Org to Fund
3
Inv - Accept Fund Assignment
4
Inv - Retrieve Fund Information
Optional Workflow
AM - Assign Fund Administrator (optional)
FA - Accept/Reject FA Assignment (optional)
Transfers apply when:
A life event, such as death or divorce, results in the need to move shares to a different account.
An advisor moves to a different firm, requiring transfer of shares for those clients who choose to follow the advisor.
The Integration API refers to shares as assets.
The following table lists the necessary steps to perform the outlined tasks.
1
Inv - Request Transfer (Receiving Org)
2
AM/FA - Approve Transfer
3
Inv - Allocate Assets (Sending Org)
4
AM/FA - Complete Transfer (Sending Org)
