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.
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.
Review the transfer details and click "Confirm" to execute the transfer.
After confirmation, both the transferor and transferee investing entities will receive an email notification about the transfer.
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