How do I distribute funds to investors after the raise has been completed?

North Capital offers distribution payment services via ACH and Wire transfer only. For any investors that invest via credit card, you will need to collect information for their physical bank account in order to process an ACH or wire transfer.

North Capital offers distribution payment services via ACH and Wire transfer only. For any investors that invest via credit card, you will need to collect information for their physical bank account in order to process an ACH or wire transfer.

To get started, you will need to open a custodial account with North Capital Private Securities. You will want to open this account in the name of the entity that is issuing the distributions. It is important that an authorized signer for the entity fill out the account application which can be found here.

Once the account has been opened, North Capital's custody operations team will share instructions with how to fund the account. The following steps are required to initiate a distribution to investors:

1. Fund the custodial account with the total amount of the investor distribution plus any fees. (Please contact custody-ops@northcapital.com to get a fee schedule)
2. Submit the distribution request through the online form. There are templates included on the form for customers that are using TransactAPI and customers that are not using TransactAPI.
3. Once the form has been received, North Capital will send a DocuSign to the authorized signer which lists the distribution amounts and applicable fees.
4. Once the DocuSign has been signed, North Capital will issue the distribution to investors and transfer any applicable fees from the account.

If you have any other questions, please reach out to your Relationship Manager and/or custody-ops@northcapital.com.