Veritas Group Investment Platform Review

In this review, we will take a detailed look at Veritas Group’s features, products, investment offerings, and costs to figure out if it’s a worthy investment platform.

Choosing the appropriate investment platform is vital in the ever-changing financial climate to reach your targets.

If you’re also interested in investing alternatives, you can check this article for a roundup of investment fund reviews.

If you want to invest as an expat or high-net-worth individual, you can email me (advice@adamfayed.com) or use these contact options.

This includes if you are looking for a second opinion.

Some facts might change from the time of writing, and nothing written here is financial, legal, tax, or any other kind of individual advice, or a solicitation to invest.

For updated guidance, please contact me.

Who is Veritas Group?

Investment solutions from Veritas Group are tech-driven and designed primarily to serve the needs of the global adviser market. They are dedicated to creating long-lasting partnerships with their clients and advisers through creative problem-solving and the provision of individualized web-based services.

Veritas, which began life as Gravitas Finance LLC in 2014, has distinguished itself as a premier global investment marketplace. In order to better serve its customers, the investment firm consistently communicates with trustees and adviser firms to learn more about their needs and develop products accordingly.

Veritas contends that the international investing platform, with its VIP Account and IIP Account options, places it among the most sought-after professional investing platforms available on the market today due to the breadth and depth of its services and technology.

This system streamlines the investment procedure by making everything easily accessible online and providing powerful consolidation capabilities and smooth back-office connection. Advisers can spend less time on administrative tasks and more time on providing service to current clients and finding new ones.

Veritas takes pride in being not just highly responsive to clients’ demands but also proactively identifying industry trends and consumer preferences thanks to their global reach and sector-specific expertise.

Veritas Group executes trades through various prime brokers and custodians in a number of different jurisdictions, such as Euroclear and Allfunds, depending on the nature of the investment and the client’s request.

Euroclear’s total assets under custody stood at almost 36 trillion euros, according to it full-year 2022 results.

Meanwhile, Allfunds Bank’s assets under administration was 1.336 trillion euros based on its first-quarter 2023 update. Allfunds provides access to more than 57,000 funds from 1,200 fund managers. Local offices for Allfunds can be found in strategic places like Spain, Italy, the UK, Chile, the United Arab Emirates, Luxembourg, and Singapore.

What does Veritas Group offer?

• Explicit and understandable pricing structures.
• Benefit from an array of account management tools at your fingertips whenever and whenever you go online.
• Enjoy safe and convenient online access to check account information, conduct trades, and keep tabs on your holdings whenever you choose.
• Reduce your time away from the market with near-instantaneous switching and processing of your transactions.
• Simplify your financial management by picking a plan that allows you to invest regularly and take money at regular intervals.
• Evaluate your investment plan and bring it in line with your goals with the help of consolidated reports.
• Access a complete statement and communication history in one convenient location online, making it simple to look up any transaction.

What are the key features of the Veritas Group Investment Platform?

Single Solution Platform, Platform and DFM (Discretionary Fund Management), and Platform, DFM, and Insurance Wrapper are just some of the solutions that can be found on Veritas Group.

Investors benefit from its open architecture’s adaptability. It has an international clientele and accepts both one-time and ongoing premium investments. The platform allows users to buy and sell digital investments online and provides them with a consolidated reporting system and access to numerous custodians. Clients’ accounts can be maintained in any currency they desire, and they can access them quickly and easily via the website.

The platform’s administrators have a solid track record, and it’s available online around the clock. It ensures privacy and is GDPR compliant so that users can conduct business from wherever in the world.

Other features include safe client data storage, multiple account types (including General Investment Account, Trust, and Regular Savings Account), real-time price feeds, and unitiser and lead CRM modules. The automatic risk profiling and modern user interface of its integrated client management administration platform are only two of its many selling points.

If you open a platform account, you can take advantage of the following:

• Consolidating Investments: By centralizing your investments, you can respond rapidly to market changes or personal needs.
• Real-Time Monitoring: You may easily track your investments and get current appraisals.
• Diversification: The ability to invest across several asset classes and markets is one of the main benefits of using a platform. You can also hire a professional model portfolio service or a discretionary fund manager to diversify your investments for you.
• Access to Specialized and Wholesale Funds: Ease of gaining entry to wholesale and other specialized funds that may have been out of reach otherwise. The minimum investment in many wholesale funds is often at least $500,000, despite having cheaper management expenses. The initial investment threshold is typically lower on a platform, typically starting at just $1,000.
• Efficiency; With the help of the platforms’ exclusive technology, you may safely and quickly handle a range of financial transactions online, saving you time and effort. Accounts can be opened, funds added, trades executed, and withdrawals made without ever touching a piece of paper.
• Cost-Effective: In most cases, platform fees are easier to understand and cheaper than those associated with more conventional forms of financing.

What asset classes are invested in?

Veritas Group allocates investments across fixed income securities, mutual funds, equities, structured products, money market, and alternative investments.

Products and Services

Over the past few years, the investment firm has continuously increased its asset management skills, with a particular emphasis on providing clients all over the world with opportunity to benefit from those capabilities.

Clarity

To help people get started building money, the business has developed Clarity, a cutting-edge and reasonably priced solution. Clarity allows consumers to save how, when, and where they want by combining cutting-edge technology with the knowledge of renowned fund managers.

To open an account, a one-time deposit is required, or you can begin by making regular payments. The minimum opening deposit is 500 USD, GBP, or EUR. You can put in additional lump sums whenever possible, or save consistently on a monthly, quarterly, or yearly basis. The minimum amount of any additional contributions is 500 USD, GBP, or EUR.

The ability to withdraw funds from your investment on short notice is a major perk. Your withdrawal options and timing are completely flexible.

Explore a comprehensive array of investing options, such as top-tier fund manager and exchange-traded fund (ETF) offers. Customized asset allocation allows you to avoid making complex investment decisions by letting you choose a Model Portfolio that is in line with your risk tolerance.

You can keep your portfolio in sync with your changing life and financial goals through periodic rebalancing or asset adjustments. You can also use trusts, insurance, or a life insurance company to maximize tax savings and succession planning opportunities.

The investment also offers a dedicated support staff available 24/7 to answer your questions and help you along the road.

Who is eligible to invest?

Whether you’re an expat or a local resident, representing a company or trust, if you fall within the age range of 18 to 89, and you have an interest in investing on either a regular or occasional basis with a medium to long-term horizon, Clarity offers an investment solution tailored to your specific risk tolerance and objectives.

Clarity’s design emphasizes flexibility and adaptability to accommodate the various stages of your life journey, aligning with your future aspirations. This investment product lets you move your investments between countries and alter your investment plan as you reach your financial goals.

Veritas Group offers a simple, affordable price structure so you can choose your financial path.

What are the charges?

Contributions Structure:

• The first three months of a recurring payment must be paid in full at the outset via electronic funds transfer. After the fourth month’s contribution is made, or when the account is created, the full investment allocation of 100% will begin.
• When payments are late, the first three months’ worth of contributions are taken out of the savings account. The fourth payment initiates the full allocation to investments.

Investing a Single, Large Sum of Money:

• Fees for single or one-time investments are 3% of the entire amount invested.

Breakdown of Other Costs:

• The Gravitas Platform Fee is 0.4% of the account balance each year and is charged monthly in arrears.
• The administration charge for Clarity is 0.3% each year, payable monthly in arrears.

Ongoing Adviser Fees:

• Your financial adviser has the option of charging you an annual charge for their services, with a cap of 1%.

Model Manager Portfolio Service

Discretionary advisers, private banks, asset managers, trust companies, and discretionary fund managers (DFMs) can all benefit from their Model Portfolio Management Tool (MPM), which allows them to take full control of their model portfolios and manage them digitally.

Main Characteristics:

• Users have the option of working with a DFM to develop model portfolios or coming up with their own.
• There is no maximum number of portfolios, thus it may be tailored to the exact requirements of each given business.
• There is the option for ad hoc rebalancing, and automated rebalancing can be set up on a monthly, bimonthly, quarterly, semiannual, or annual basis.
• Subject to investment minimums and mutual fund usage guidelines, trading and rebalancing are free of charge.
• The platform facilitates automatic portfolio reconciliation and bulk trading.
• For more efficient administration, a single dealing instruction can be used for all clients.
• In addition, Veritas Group’s platform for managing funds automatically helps assigned model managers with things like electronic trading and rebalancing.

Each underlying investor is serviced by its Discretionary Fund Management Service, which runs on the International Investment Platform’s segregated account infrastructure. The solution can be tailored to meet the requirements of individual organizations, thanks to in-depth conversations guided by a Veritas representative.

Unitised Portfolio Services

Comparable benefits to those of Model Manager portfolio services can be had with Unitised Portfolio Services. In addition to the aforementioned advantages, this service offers you access to a group of roughly 60 administrators who handle daily fund accounting for the portfolios and daily Net Asset Value (NAV) calculations.

Units in a unitised portfolio managed by a sophisticated fund accounting staff in Malta are provided to clients under this arrangement. It permits portfolio management in a fashion analogous to that of a supervised investment pool. Once sufficient capital is raised, a fund vehicle can be properly established, and the track record can be transferred without any interruption, all while being subject to stringent auditing.

In addition, clients receive full daily valuation files that detail the methodology behind the NAV computation in an open and accessible format.

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Adam es un autor reconocido internacionalmente en temas financieros, con más de 830 millones de respuestas en Quora, un libro muy vendido en Amazon y colaborador de Forbes.