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.
Investors must be over the age of 18. However, there is no maximum age limit.
Currently, the account type where adults can be a trustee for a minor is not available for Fundlater.
Adults can open a standard InvestSMART Professionally Managed Account as trustee 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.