Broker-dealers
WealthForge
WealthForge is a managing broker-dealer for sponsors of alternative investment products, carrying the regulatory and processing work between a sponsor and the broker-dealers and RIAs that sell its offerings.
The engagement covers sponsor and offering due diligence, advertising review, syndicate administration under selling agreements, supervision of production-compensated wholesalers and national accounts staff, creation and submission of regulatory filings, escrow agent services at no additional cost, subscription package review for in-good-order status, and commission payments as soon as 48 hours after trade approval. Its Altigo straight-through processing platform removes paper from subscription documents, sends them to the transfer agent or custodian, and gives the sponsor a dashboard tracking subscriptions and funding in progress.
It works with sponsors of 1031 exchange Delaware Statutory Trusts, private and non-traded REITs, qualified opportunity zone funds, syndicated Regulation D private placements, Regulation A placements, and 40 Act funds, and provides outsourced broker-dealer administration for managers that already have internal BD staff. Its compliance team cites due diligence experience across more than 1,500 offerings. WealthForge Securities, LLC and WealthForge Distributors, LLC are affiliated broker dealers, both FINRA and SIPC members, wholly owned by WealthForge Holdings, Inc.
WealthForge says it does not administer direct-to-investor offerings and is not currently working with sponsors in cannabis, conservation easements, offerings that include EB-5 investors, Regulation CF offerings, or capital formation using crypto or blockchain. It describes its best fit as sponsors that already have distribution and in-house wholesaling.
Best for
Established sponsors of DSTs, non-traded REITs, QOZ funds, or Reg D placements with existing distribution through independent broker-dealers and RIAs. Not for direct-to-investor raises, or cannabis, conservation easement, EB-5, Reg CF, or crypto offerings.
What they do
- Managing broker-dealer services
- Sponsor and offering due diligence
- Advertising and marketing review
- Syndicate administration and selling agreements
- Supervision of wholesalers and national accounts staff
- Regulatory filing preparation and submission
- Escrow agent services
- Altigo straight-through subscription processing
- Investor processing and subscription review
- Commission calculation and payment
- Outsourced broker-dealer administration
Details
| Attribute | Value |
|---|---|
| Memberships | FINRA member, SIPC member |
What stands out
- Compliance team cites due diligence experience across more than 1,500 offerings.
- Pays commissions as soon as 48 hours after trade approval.
- Provides escrow agent services at no additional cost or delay to closings.
- WealthForge Securities, LLC and WealthForge Distributors, LLC are FINRA and SIPC member broker dealers.
Common questions
- What does a managing broker-dealer do for a sponsor?
- It handles sponsor and offering due diligence, investor processing, syndicate administration, and timely commission payments, and supplies regulatory supervision for the sponsor's wholesaling and national accounts team. WealthForge also gives sponsors dashboard access to their distribution team's transaction flow, from entry through approval.
- Which offering types does WealthForge support?
- Sponsors it works with include 1031 exchange Delaware Statutory Trusts, private and non-traded REITs, qualified opportunity zone funds, syndicated Regulation D private placements, Regulation A placements, and 40 Act funds.
- Who is not a good candidate to work with WealthForge?
- WealthForge does not administer direct-to-investor offerings. It says it is not currently working with sponsors in the cannabis industry, conservation easements, offerings that include EB-5 investors, offerings relying on Regulation CF exemptions, or capital formation using crypto or blockchain technology.