Yes. Before making an investment in the iSelect Fund, each investor must complete a subscription agreement, specifying which company offerings the investor wants to purchase. The subscription agreement requires the investor to provide certain information that is necessary to confirm the investor’s status as an “accredited investor” (see WHO CAN INVEST IN THE ISELECT FUND?). In addition, the subscription agreement sets forth fees and other transactional terms related to the investment and includes an investment allocation form for the investor to complete to indicate his or her investment choices. The subscription agreement also includes a form that establishes the investor’s personal series LLC, which will hold the securities of the companies selected by the investor (see FUND STRUCTURE: WHAT DOES AN INVESTOR OWN?). Your financial advisor may require other documentation.
Please note the answers contained in these FAQs are for general descriptive purposes only, and that the terms and conditions set forth in the documents described above will control in all instances. iSelect may also amend the documents in its sole discretion.