Please note: this article is intended for self-service clients who do not engage Verivest for Fund Administration or Investor Servicing.
Allocations and Distributions are located in your Sponsor dashboard, under Offerings.
To allocate income(loss), select Allocations > New allocation group.
Enter the name of the allocation group, for example Q4 2021, select the security that relates to the allocation group (note: each security will have its own group), and enter the effective date (generally the last day of the period). Select Save.
Select your newly created allocation group and select Add allocations.
Select your type of allocation, method, pay to date and memo (note: the memo appears on the Portfolio and Statements). Select Create.
To distribute, select Distribute funds > New distribution.
Enter the name of the distribution. distribution and effective dates, as well as a memo (note: the memo appears on the Portfolio and Statements). Select Create.
To finalize your distribution, select Complete. At this point you have the option to notify investors of the new distribution via email.
For details on payments due to investors, select Export to download a copy of the distribution audit report. Payments are split out by those investors who have elected to receive checks vs ACH.
Next up, prepare and send statements to your investors.