Bring your own license - Single Accounts
The BYOL - single accounts operating model provides functional support - you benefit from Upvest's single account functionality in brokerage, custody and settlement. At the same time, it gives you the freedom to manage your own relationship with your end user.
These are the core benefits of BYOL Single Accounts model:
- Clients want to use their own licences required to provide investment services and want to manage the end user relationship themselves.
- Clients need the full functionality of Upvest to minimise the back-end effort on their side. Upvest provides end-to-end brokerage, settlement and custody services at the end user level (e.g., tax processing and reporting).
- Clients do not have to develop their own functionality or manage multi-vendor integrations.
Legal setup
The client provides legal coverage for brokerage, settlement and custody to end-users and chain commission to Upvest.
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 end users.
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:
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