Fund Onboarding Overview

Congratulations on starting a fund with Avestor! 🎉 We are excited to partner with you on creating your own Customizable Fund™. One of the first questions we get is “What are the next steps”. Starting a private fund is a complex process but we have made it simple by working closely with you at every step.

Below is a simple 3 phase checklist of what we will be doing along the way.

Phase 1 - 📄 Initial Setup

1. Complete Onboarding Questionnaire: Onboarding Questionnaire

2. Complete your Legal Questionnaire:

• Please review the following short videos to help you fill out the legal questionnaire:
  • Fill out the form to the best of your abilities if there are areas where you are unsure, no worries.

    • Select the Legal Questionnaire form that meets your payment plan:

Pro Plan
Scalable Plan

2. Forms: Complete the following forms

• Each fund manager must fill out the Bad Actor Events Questionnaire
• One fund manager needs to fill out Bank Authorization Form

3. Book Call

• Once you’ve completed all your forms. You will also have a call with our team to review your legal questionnaire and address any outstanding items. 📅 Book Time

4. Slack Access

• Join our Avestor Slack Group to connect with other fund managers and share tips. It’s a great resource for advice, collaboration, and staying updated on Customizable Fund™

5. Login

• After you complete your Legal Questionnaire, our team will review your submission, set up your account on the Avestor Portal, and include you in our Mastermind Invites.
• 💡When you log in, be sure to check our Member Benefits

6. Two-Day Accelerator Program

• Ready to take your education to the next level? Our two-day accelerator program offers an in-depth, hands-on experience that dives deeper into the platform and advanced onboarding topics. Available at no cost based on your contract. Details are on the website click RSVP NOW

Phase 2 - ⚖️ Legal & 🏦 Banking

1. Attorney Engagement

• After completing the Legal Questionnaire, we’ll arrange a call with one of our partner attorneys to help finalize your legal and fund documents.

• Your Customizable Fund™ will require:
  • Two legal entities: the Fund entity and the Fund Manager entity
  • EIN docs
  • A Private Placement Memorandum (PPM)
  • Fund Operating Agreement
  • Subscription Agreement
  • Manager Entity Operating Agreement
  • Form D filing with the SEC
• Once your PPM, Operating Agreement, and Subcription Agreement is completed, Avestor will upload them to your account, making them available for your investors during registration.

2. Bank Account Setup

• We’ll assist you with setting up your fund and management entity bank accounts through our trusted banking partner, Meow. If you’d prefer to bank with someone else, please let us know.
• We’ll help you add ACH and Wire details to your portal for seamless transactions.

3. Portal Training (Banking & Docs)

• Once your legal documents and bank accounts are set up, you can log-in and access our Get Started Videos on the support site. This section will teach your everything you need to know! It’s broken down into chapters, covering the most commonly used features of the platform.

Phase 3: 💻 Portal & Fund Readiness

1. Submit Professional Graphics & Pitch Deck

• To set up your investor portal, we’ll need professional logos for your fund branding. Once ready, submit it through a support ticket. (Refer to the pdf below for sizes)
  • Avestor_Graphic__506c_Bio.pdf
• If you have an active deal, start working on your pitch deck. Once you’re ready to post your deal, refer to Chapter 1-5 of the Get Started Videos for assistance.
• For 506c funds only:
  • A bio and headshot for each fund manager (usually pulled from your bio from your PPM, but feel free to send additional info).
  • Your fund will be listed in the Avestor Marketplace.

2. Final Portal & Bank Account Setup

• With your legal documents and graphics in place, we’ll work with you to finalize your fund’s bank accounts and integrate the ACH and wire transfer information into the portal.

3. Review Your Account & Final Checks

• 🎉 Almost There! Once your bank accounts are ready and all portal setups are complete, the team will review everything to ensure your account is set up perfectly.
• When everything looks good, you’ll receive a “Fund Ready to Launch” email. This means you can now invite investors to register for your fund and start fundraising!

4. Book Call

• After your account is launched, you can schedule an Onboarding Wrap-Up Call. This session is for any final questions or to go over any last-minute details. It’s a great opportunity to ensure everything is in place before moving forward. 📅 Book Time