Fund Onboarding Checklist

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

• 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

  • You will also have a call with Sanjay Vora to review your legal questionnaire and address any outstanding items. Once you’ve filled out the questionnaire, 📅 Book a time directly on his calendar.

• Forms: Complete the following forms:
  • Each fund manager must fill out the Bad Actor Events Questionnaire
  • One fund manager needs to fill out Attorney Authorization Form
  • One fund manager needs to fill out Bank Authorization Form
• Intro Meeting
  • 📅 Schedule an Intro Meeting with the Customer Success Team. They will go over the onboarding process.

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.

• 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. Bio, Professional Graphics & Pitch Deck

• To set up your investor portal, we’ll need a few key assets from you:
  • A bio and fund description for 506c funds
  • Professional graphics for your fund branding
  • A pitch deck for your deals
• Get Started: Click below to download the list of required graphics. Once ready, submit it through a support ticket.
  • Avestor_Graphic__506c_Bio.pdf

2. Marketplace Setup (506c Funds Only)

• If you’re managing a 506c fund, we’ll gather additional information to display your fund on the Avestor Public Marketplace. This gives you added visibility for attracting investors. We’ll also need a headshot of you and all the other fund managers.
  • Avestor_Graphic__506c_Bio.pdf

3. 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 funds.

4. 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.

5. Review Your Account & Final Checks

• 🎉 Almost There! Once your bank accounts are ready and all portal setups are complete, Jojo and Tony 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!