Unkar Systems offers a range of fund administration services.
With over 30 years of experience, Unkar Systems can work with new start-up funds and accounts. We will review your fund documents and offer our opinion on any information that may be missing or helpful. We will work with you to design your fund's investor statements. We will also provide you with possible fund expenses you may incur on an annual basis, as well as explain the various methods of amortizing these costs to your fund.
Unkar Systems can assist your fund with the processing of investor subscriptions. Once an investor decides to subscribe to your fund, Unkar Systems can verify the subscriber. We will run a terrorist list check of the investor, ensure the percentage of IRA subscribers is within the fund's limit, and check the suitability of the subscriber. Unkar System can also maintain correspondence with the fund's subscribers. We can accept and track the subscriptions, send acknowledgement of receipt of subscription documents, and send a fund welcome package to the subscribers.
Unkar Systems can act as a “Gatekeeper” or “Secondary Signer” for your fund. By selecting this service, Unkar Systems provides your investors an extra safeguard that monies leaving the fund are being paid to qualified vendors and fund investors with redemptions. All withdrawals or vendor payments from the fund’s brokerage and bank accounts are initiated by the fund’s General Partner and will be verified by select Unkar Systems’ staff. The disbursing institution must have appropriate verification from both parties before disbursing funds.
A vendor must be on the fund's list of qualified vendors and a written request for payment must be received by Unkar Systems. An investor must be on the list of fund investors and a redemption confirmation letter must be received by Unkar Systems.
Unkar Systems has a select list of banks which will work with you to allow this service and extra security for your fund.
Similar to the Gatekeeper Services, Unkar Systems can also serve to verify your fund's disbursements. The procedure is the same, except that the letter is issued by Unkar Systems to the fund for its records. The bank can still make disbursements without authorization by Unkar Systems.
Distribution of Reports to Investors
Your investors can opt to receive their investor statements, newsletters and audited financials via any or all of the following distribution methods:
- first class mail
- email with the statement as an attachment
- by downloading from a secure website using a login and password
These methods are not mutually exclusive, an investor can elect to receive their statement via first class mail, an email attachment and have the statement archived on our website. Additionally the investor can have their statement available to an unlimited number of interested parties, such us their accountant or financial advisor.