Fundlater account management
There is a maximum of one Fundlater non-recourse loan per investor.
You can either have an InvestSMART Professionally Managed Account using a Fundlater non-recourse loan in your name as an individual or an account in joint names.
You cannot have multiple accounts in your own name.
An InvestSMART Professionally Managed Account using a Fundlater non-recourse loan is only available for
- individual and joint accounts
- individual trustee and joint trustees for a child
Investors must be over the age of 18. However, there is no maximum age limit.
Adults can open a Fundlater account as trustees for a minor.
No, there are no credit checks. Investors will need to invest a minimum of $4,000 to fund their InvestSMART Professionally Managed Account and InvestSMART will credit their account with a further $6,000 via a Fundlater non-recourse loan.
The minimum amount you need to provide is $4,000.
The maximum amount InvestSMART will loan is $6,000.
Yes, you can fund with any amount, minimum $4,000, and still be credited $6,000 or less if you desire.
Each investment portfolio requires $10,000 so as long as this total is met, you can alter the amounts.
For example, you can fund with $5,000 and be credited $5,000 or fund with $7,000 and be credited $6,000.