Transfer Agent Services

Shareholder management and investor relations at scale with an emphasis on high-touch personalized service.

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Services for Retail Investor Funds

Phoenix American provides end-to-end transfer agent services for private capital funds of any investor count. From investor onboarding to capital calls, distributions and tax documents, services are customized for an optimal investor experience. The revolutionary STAR-XMS shareholder record keeping system centralizes back-office functions in a single database for peak transfer agent operational efficiency. Fund management can access STAR-XMS for shareholder reference, incoming capital updates and sales reporting that helps drive new sales.

  • SEC-registered transfer agent
  • SOC 1, Type II Audited Processes
  • Processes adhere to Securities Transfer Association (STA) guidelines

New Investment Onboarding

Multiple efficient cost-effective options for entry of new investment data to the shareholder registry of record.

Subscription Document
Processing

Straight-Through
Processing

API
Connectivity

AIP
Platform

Investor
Management

Your transfer agent team is a group of experienced professionals who understand your goals and serve the needs of your fund with responsive attention to detail. A deep bench of operational backup ensures uninterrupted partner-oriented services.

  • Tenured and Knowledgeable Staff
  • All US-based Account Teams
  • Specialized Technology
  • SEC-registered Transfer Agent
  • SOC 1, Type II Audited Processes

Administration
Technology

Phoenix American’s STAR-XMS transfer agent technology centralizes and streamlines all back-office functions. Housing the shareholder database of record including all related historical information, STAR-XMS seamlessly integrates transfer agent operations with fund accounting, tax, cash management, the investor web portal and printing operations to facilitate and standardize all transfer agent processes.

Learn more about our technology

Industry
Connectivity

Direct digital connections to transaction participants, industry platforms and data aggregators streamline new investment and transfer execution.

Customizable direct connectivity with any industry entity to maximize fund visibility and facilitate transfer agent processes.

Cash
Management

Advanced systems and proven processes ensure the efficient movement of funds for all purposes.

  • New Investments
  • Capital Calls
  • DRIPs
  • Distributions
  • Payouts
  • Secondary Market Sales
  • Redemptions
  • Corporate Actions
  • Add-Ons

Direct banking integration enables speed and accuracy of cash flow execution.

Compliance
Services

Our systems and services are designed to meet your regulatory requirements and PPM/LPA commitments.

  • Blue Sky Tracking
  • OFAC Checks (Patriot Act)
  • AML
  • KYC
  • Accreditation Services (506b, 506c)
  • Feeder Fund Liaison Services (Offshore Funds)
  • Escheatment/Lost Investor Tracking
  • Critical Infrastructure Protection (CIP)

Compliance for funds of any structure, strategy or life cycle stage.

Forms
Processing

Prompt and accurate completion, processing and archiving of physical forms saves everyone time and frustration.

  • New Investment Processing
  • Confirmations
  • Transfers
  • Redemptions
  • Notifications
  • Secondary Market Sales

Investors, advisors and sponsors appreciate the accuracy and reliability Phoenix American brings to transfer agent processes.

Learn why industry leaders trust us for their transfer agent needs

Let’s discuss how Phoenix American can elevate your investor experience

Recent Blogs

Transfer Agent Technology: A Portrait of Modern System Efficiency

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I n the competitive landscape of private equity, raising capital from retail investors demands efficiency,…

Transfer Agent Case Study: Enhancing Data Flow for Financial Advisors

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P hoenix American, always an innovator in transfer agent services, has recently integrated its Account…

The Transfer Agent for 506(c) Funds

| Blog, Transfer Agent | No Comments
T he introduction of Rule 506(c) under the JOBS Act revolutionized how investment funds can…

Frequently Asked Questions

What are the advantages of using a third party transfer agent for investor services?

  • Professionalism– A third party transfer agent frees management to focus on capital raising and asset acquisition.
  • Efficiency– An experienced fund services provider using specialized systems maximizes return on your operational dollar.
  • Credibility– Institutional-class outsourced transfer agent services infrastructure fulfills the due diligence requirements of institutional and ultra-high-net-worth investors.
  • Compliance– Audited back-office services satisfy regulators, managing broker-dealers and investment platforms. Also, the compliance capabilities of advanced transfer agent systems streamlines investor qualifying, validation and clearing.
  • Integration– A single provider of fund accounting, investor services and tax document production saves on costs, minimizes errors and maximizes data security.
  • Scalability– A fund benefits throughout its life cycle from a fund administration platform that can expand and adapt as the fund grows and changes.
  • Reputation– Responsive investor services and customized informative deliverables promote confidence in your investment brand among investors and advisors.

How is Phoenix American more cost effective?

Fund administration services has been our primary line of business for over 40 years. We have the talent, technology and economies of scale to maximize efficiency and affordability. With Phoenix American’s menu of offerings you choose the level of service that suits your needs. Whether you choose our full transfer agent services package or our application-only system solution, you leverage our skilled personnel and technological infrastructure to compliment your own capabilities more efficiently addressing your investor services needs. Either way, you save time and money.

How much do Phoenix American transfer agent services cost?

Your contract will be tailored to the individual needs of your business. There will be a one-time implementation fee and a monthly administration and system acces fee thereafter. You will find the value and ease of working with Phoenix American far superior to the expense and difficulty of purchasing the equipment and maintaining the staff to perform transfer agent functions in-house.

How will I access my investor services information?

Phoenix American provides multiple VPN (Virtual Private Network) solutions for secure access to your data in our transfer agent system. We maintain strict controls regarding access to all investor services applications, networks, servers, and databases. Only authorized Phoenix American staff and your designated employees will have direct access to your investor data. The STAR-XMS system has security settings that limit your personnel to accessing only the investor services data they need.

How is my account handled by Phoenix American?

An investor services account manager is assigned as your day-to-day point of contact for transfer agent functions. Your account manager will respond to any questions, investigate concerns, oversee account activity and coordinate any adjustments that might be needed. A knowledgeable backup account manager will also be assigned to your team to ensure that answers and services will always be available.

Won't our investors or shareholders become concerned if a new service provider is appointed?

No. Your investors will not be aware of the transition to Phoenix American unless you choose to inform them. Your company will retain full management control at all times. Phoenix American is engaged solely as your administrative provider and can act transparently as a white labelled service for any range of investor, accounting or transfer agent services. We provide you the flexibility to outsource any aspect of your investment administration, leaving you in complete control.

How can Phoenix American's services save me money?

Phoenix American eliminates the overhead and staffing issues of full-time in-house administration operations. Our unique regimen of operational checks and balances eliminates back office problems and accelerates your workflow. Phoenix American transfer agent services are a customized solution built around the way you work. The STAR-XMS system minimizes errors, accelerates processes and connects with offices and entities throughout the industry. You not only save on operational costs but gain accelerated processing, visibility of your fund across the industry and sales reporting capabilities that help drive new sales. The experience of our personnel, the power of our technology infrastructure and our operational economies of scale give you a significant advantage over any other transfer agent solution.

We are a general solicitation fund. Can you provide investor accreditation services?

Yes. Phoenix American provides accreditation services as part of out transfer agent services package in strict compliance with SEC rule 501 establishing qualification by annual income or net worth for 506(c) and Regulation A+ funds. Employing automated and manual systems as needed, we accept submitted documentation and direct contact with investors to establish the qualification of each investor. A Phoenix American Accredited Investor Certificate (with attorney signature) is then issued to the investor by your account team. This certificate is valid accreditation for use with any alternative investment for 90 days as specified under federal law.

The STAR-XMS system includes an accreditation module for clients where the accredited investor information for a fund is available and searchable along with all supporting documentation. This information is accessible for audit support and to streamline the process of re-accreditation of investors for future programs.

We are a Reg D fund. Can you perform ongoing re-accreditation of our investors?

Yes. This is a standard feature of our transfer agent offering. Revisions to the registration requirements under Section 12(g) of the Exchange Act mandate an annual test for accredited investor status. Issuers must establish a reasonable belief, at the end of each fiscal year, that they do not have 500 investors that are not accredited.

The Phoenix American investor web portal makes the process easy. When investors log in to their online account, they will be prompted, each year, to check a box verifying that they remain accredited investors. Re-verification will be tracked and reported on an ongoing basis in the accreditation module of STAR-XMS, the system of record.

Phoenix American can conduct mail, email or telephone campaigns on your behalf encouraging investors to log in to their online account and verify their status.

We are a crowdfunding platform. Do you provide transfer agent and investor services for special purpose vehicles (SPVs)?

Yes. For crowdfunding platform operators, Phoenix American offers a complete transfer agent solution utilizing the STAR-XMS system for the administration of special purpose vehicles. Automated new business entry, distributions, transfers, accounting and K-1 processing are available in a package tailored to the needs of crowdfunding platforms. Phoenix American solutions for crowdfunding portals streamline operational efficiency while remaining invisible to the investor.

Can Phoenix American process capital calls and proxies?

Yes. Phoenix American processes capital calls and proxies as part of our full transfer agent package. The STAR-XMS system is designed to manage timely capital call calculation, notification and outreach as specified by you. We provide end-to-end proxy preparation, delivery and tabulation services, all performed in our secure headquarters facility in San Rafael, CA. Multiple modes of solicitation and voting are available and we provide follow-up solicitation as needed to ensure you achieve the required participation.

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