Caruso enables fund managers to efficiently transfer units between investing entities.
Step 1: Start the Transfer
Navigate to the relevant investing entity
Open the Holdings tab
Click the ellipses (...) icon next to the holding you want to transfer
Select Transfer Units
Step 2: Enter Transfer Details
In the Transfer Units window, provide the following information:
Transfer date – the effective date of the transfer
Recipient investing entity – select the entity that will receive the units
Tags (optional)
Related party (NCBO) – use this tag when there is no change in beneficial owner.
Related Fund - use this tag when the transaction or investor relates to a different but connected fund.
Note: Tags will appear in Admin App reports that show transactions, including all Holding Movement Reports and Fund Holding Movement Reports. This helps you filter and include or exclude tagged transactions.
Step 3: Confirm the Transfer and Set Notifications
Carefully review all details before confirming.
Understand how transfer dates work as it is an important process:
Transfers with a past date update holdings immediately.
Transfers dated the same day as the transaction will update the following day.
Choose whether to notify investors by email and/or statement:
Email Notification: A confirmation email capturing details of the transfer will be sent to both parties.
System Statement: A Unit Transfer notice will be generated and recorded against both entity's document tab with the option to publish on the portal.
Note: The email notification and unit transfer notice will display the name of the transferor and transferee entity.
Click Confirm to complete the transfer.
Step 4: Review the Transfer
The completed transfer will appear in the Transactions tab of both entities.
Investors can access the Unit Transfer Notice if published.
Fund managers can download reports that reflect the updated holdings.
If you have any questions or need help at any stage, please contact our Caruso Support team either by email or live chat.