Global Fund Investing on Vested
What protections (e.g., SIPC or equivalent) cover the fund units in this custody arrangement? What happens if vested ceased operations? How do I access the bought units
SIPC insurance and similar protections do not apply to these funds, as they are domiciled in Europe—specifically Luxembourg—rather than the United States. Regarding scenarios where Vested or DriveWealth cease operations; we are actively developing a ...
Are the fund units held in my name or via an omnibus account?
Global Funds are held in the User's name only.
Which legal entity is going to be holding the mutual fund units? Is it DriveWealth or another entity?
DriveWealth is our clearing broker, helping with the processing of Orders and Unit allotment. The actual Global Fund units are held with the custodian. In our case the custodian is AllFunds (https://allfunds.com/en/). They are one of the largest, if ...
Can investors from India invest in the Global Funds? Is it even legal/possible?
Yes, Indian residents can invest in the Global Funds, as long as the total annual amount is less than US$ 250,000 per year per individual. This is as per the RBI’s Liberalized Remittance Scheme guidelines. To read more about this topic, you can read ...
How is Vested's Global Fund offering different from other US and global brokers?
Vested distinguishes itself among its competitors by offering a comprehensive end-to-end US investing experience. We place a strong commitment to customer support and you can reach us effortlessly through various channels including chat, email, and ...
What is the minimum investment for global funds on Vested?
$10. Yes, you read it correctly! You can start investing in Global Funds managed by top Asset Managers of the world with an investment amount as low as $10.
Am I eligible for dividends if I invest in fractions in Global Funds?
Yes you are entitled to receive fractional dividends as well. For example, if a $10 dollar dividend per unit is announced, and you own 0.5 units you will get $5 as dividend in your Vested account. Please note if the dividend amount is less than a ...
Where is the domicile for these Global Funds?
Luxembourg and GIFT.
How do I migrate my US Brokerage account from US and global brokers like eTrade, IBKR, Robinhood etc. to Vested?
If you have an account with a US Broker other than DriveWealth, you should follow the process below: You can initiate the transfer from our Vested portal. Log in to your Vested account using the Email ID registered with Vested Click on "Transfer & ...
What are the fees for outgoing Global Fund transfers?
You will need to reach out to the receiving broker/ platform as they will be able to assist you in moving the funds/ stocks from Vested to the receiving broker. Before initiating the transfer from your broker, please note that: There are certain ...