Take our license - Single Accounts

This operating model is the easiest and fastest way to get the Investments API up and running - with full end user level functionality, operation and licenses out-of-the-box.

INFO

These are the core benefits of TOL Single Accounts model:

  • The use of Upvest licenses ensures a fast go-to-market.
  • Clients do not need to build back-end logic to enable end-to-end brokerage, settlement and custody services for users (e.g., tax processing and reporting).
  • Clients do not have to develop own functionalities or manage the integration of multiple providers.

Legal setup

Upvest provides full legal coverage across brokerage, settlement, and custody, while staying in the background.

Setup Upvest Client Application
Investment brokerage (RTO¹) ✓ The client distributes investments by accepting and transmitting orders from end users via their investment product (e.g., app).
Deposit taking or credit business Optional Optional Upvest or the client keeps the end cash of the end users in debit and/or credit accounts.
Financial brokerage (EXO²) ✓ Upvest places and executes orders on behalf of end users.
Securities custody ✓ Upvest maintains and safekeeps securities of end users.
Crypto custody ✓ Upvest maintains and safekeeps crypto assets of the end users.
Proprietary trading (DOOA³) ✓ Upvest executes orders and holds securities on its own account to offer fractional investments and manage risk.
End-user contractual relationship Upvest acts as the contractual counterparty for securities investment services and is part of client terms & conditions.

¹ RTO = Reception & transmission of orders
² EXO = Execution of orders
³ DOOA = Dealing on own account

Functional setup

Upvest provides end-to-end services for brokerage, settlement, and custody for the end user.

In the following table you can see which services Upvest offers and which can be optionally offered by the customers or by Upvest, where applicable:

Functionality Upvest Client Application of Investment API
End user & account management ✓ The client sets up securities accounts for end users via the API, submitting KYC checks to Upvest for verification.
Investment solutions ✓ The client creates and configures portfolios, savings plans and rebalancing logic via API to offer them to end users.
Order executions ✓ End users submit their orders via a client interface; Upvest executes (fractional) orders on the exchanges across all asset classes.
Payments & cash accounts ✓ Optional End users provide or withdraw funds (from Upvest or client) through cash accounts via API integration and instructions.
Clearing, settlement & custody ✓ The client receives reconciled transactions for end users from Upvest including treasury reports for net buy/sell transfers.
Reporting (end user & regulatory) ✓ The client delivers end user/account statements, invoices, tax and regulatory reports to end users via the API; Upvest handles regulatory reporting.
Tax administration ✓ The client can transfer the proceeds minus taxes to the end users via the API, which are deducted and reported to the German tax authorities (may differ with international setup).
Corporate actions processing ✓ The client can offer digital corporate action processing for the end user via the API (e.g., dividend distributions to eligible end users).
Instrument & price data ✓ Optional The client can use instrument data, price data, valuations and performance calculations via the API, and enrich them with additional data.
Client support ✓ The client receives support responses via the API for end user, account, reporting or transactions issues.

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