Oftentimes, investors want to give their partners, accountants, and other relationships access to their investment accounts. For instance, there might be a group of investors who formed an LLC and invested in your last project. As such, they want to ensure that all the members of the LLC have visibility to the investment account/entity. You can facilitate this scenario in InvestNext by adding Relationships to the given investing Account.
The Relationships feature allows multiple people to be linked to an Investing Account, with the ability to monitor their Investments together. One individual would be the Primary Contact and multiple individuals would be the Relationship Contacts.
Step-by-Step Instructions:
Step 1. Navigate to the Accounts tab.
Step 2. Navigate to the Account by clicking on the Name.
Step 3. On the lefthand side, scroll down to Relationships and click the '+' symbol.
Step 4. Choose the Contact and Relationship Type (Broker, Partner, Accountant or Financial Advisor), then click Add Relationship.
NOTE: Contacts listed as an additional Relationship will have limited access to the investing Account.
The following applies to all four relationship types:
Ability to view:
Documents section in the Investor Portal
General
Tax
Statements
Position details in Investment section
Metrics
Class
Transactions
Capital balance
Updates from Sponsor
Receive notifications for:
New documents uploaded by Sponsor
New distributions*
New portal updates (Partners only)
Unable to view or edit Account settings from Investor portal (bank account, SSN, address, etc.)
Unable to create a commitment with the Account
If the Contact creates a commitment, they will not have the option to use this Account
Step 5. The Contact will now appear under the Relationships section.
To remove a Contact listed under Relationships, hover over their name and click the X.
