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. In the North Capital Portal navigate to the Brokerage tab. Then select the ACH Distribution Request from the dropdown. On the top right click the button ACH Distribution Submission. This will bring you to the form you will need to fill out to receive a distribution. You will need to upload a file showing the investors to be included in the distribution and the amounts they are to receive. The file you will upload can be in either .csv or .xlsx format. Once you submit the request our Custody Ops team will begin our review and reach out if there is anything further needed.
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.