Caruso enables fund managers to efficiently transfer units between investing entities.
To start a transfer, go to the relevant investing entity and access their Holdings tab. Click on ellipses icon (...) beside the desired holding, and select Transfer Units.
Transfer Units
In the Transfer Units modal, specify the transfer date, the recipient investing entity, and any other required details including:
Tags
Related party (NCBO) - This tag can be applied when there is no change in beneficial owner
Related Fund
Tags will be visible on;
Admin App Reports that surface transactions; All Holding Movement Reports and Fund Holding Movement Reports. This allows you to view and include or exclude tagged transactions.
Confirm
Review the transfer details, notification preferences and click "Confirm" to execute the transfer.
Notifications
Fund managers can choose to notify investors with an email and or statement.
Email Notifications: A Unit Transfer Notice will be sent to both parties on the transfer.
System Statement: Unit Transfer Notice saved on the investing entity record
If the statement is not published to the investor portal, it will still be available on the admin application for that investing entity.
Note:
Transfers with a past date will update holdings in real time.
Transfers with the same date as the transaction will update the following day.
The completed unit transfer will also be recorded in the Transactions tab