Fundify Advisors LLC
Relationship Summary
Fundify Advisors LLC is registered with the Securities and Exchange Commission (SEC) as an investment
adviser. Brokerage and investment advisory services and fees differ, and it is important for you to understand
these differences. Free and simple tools are available to research firms and financial professionals at
https://www.investor.gov/CRS, which also provides educational materials about broker-dealers, investment
advisers, and
investing.
What investment services and advice can you provide me?
We offer investment advisory services to retail investors. We primarily advise on investments in pre-initial public
offering companies, recommending portfolios of securities issued by pre-seed, seed, early stage, and later stage
private companies. Portfolio investments include (but are not limited to) preferred and common equity, debt
instruments (such as convertible loans), and other investments (such as Simple Agreements for Future Equity),
either directly through the applicable issuer or an associated crowdfunding vehicle. Portfolio investments are
generally offered through third-party and affiliated crowdfunding portals and platforms and generally rely on
exemptions from registration pursuant to Regulation D, Regulation CF, and Regulation A. We then implement
the portfolio on an initial and ongoing basis by purchasing and selling portfolio investments in your account
through third-party and affiliated crowdfunding portals and platforms and by purchasing securities directly from
issuers. We interact with you predominantly through a software application that is available through the
interactive mobile application and/or website; our advisory services are delivered solely through such interactive
mobile application and/or website. We recommend securities in accordance with your investment needs, as
identified to us during onboarding, and if/when your needs change (by you informing us of a change). We have
discretionary authority to manage assets on your behalf. Such discretionary trading authority permits us to buy
and sell securities without your prior approval and consent. In certain cases, we recommend investments in
portfolio companies through proprietary crowdfunding vehicles. We do not impose requirements to open or
maintain an account (e.g., minimum account size or investment amount).
For additional information, please see Item 4 of our Disclosure Brochure, available at
https://adviserinfo.sec.gov.
Ask your financial professional:
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Given my financial situation, should I choose a brokerage service or investment advisory service? Why
or why not?
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How will you choose investments to recommend to me?
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What is your relevant experience, including your licenses, education, and other qualifications? What do
these qualifications mean?
What fees will I pay?
Fundify's advisory fee is determined based on the “portfolio fee value” of your portfolio, which is the lower of
either: (a) the “cost basis” of your portfolio (that is, the original cost of current portfolio assets); or (b) the “current
market value” of your portfolio (that is, the market value of the current portfolio assets). The value of cash is
included in these calculations. The method used for calculating the initial fee is determined based on the amount
of your initial deposit. If you have a portfolio fee value of less than $2,500 as of the subscription date (as defined
below) you will pay a monthly subscription fee that varies in accordance with the following fee schedule:
Monthly Investment |
Subscription Fee |
Example |
Less than $100 |
5% of current monthly deposit amount |
monthly investment = $40
subscription fee =
$40 * .05 = $2
total monthly deposit =
$40 + $2 = $42
|
$100 or more |
$5 flat fee |
monthly investment = $200
subscription fee = $5
total monthly deposit =
$200 + $5 = $205
|
Subscription fees are assessed and charged monthly, in advance, on the “fee date,” which, for a given month,
is the monthly anniversary of the date the client having already connected their bank account, then also having
confirmed their monthly investment amount, the “subscription date.” In the event you terminate our services,
the subscription fee is not refunded for the current month. Clients with a total portfolio fee value greater than or
equal to $2,500 on the fee date pay an asset-based fee. The annual asset-based fee is two percent (2%) of
current assets being managed by us. The asset-based fee is charged monthly, in advance, on the fee date,
based on the portfolio fee value of current assets being managed by us. The monthly asset-based fee is 2%
(annual) divided by 12 (months) multiplied by the total cost basis. In the event you terminate our services, the
asset-based fee is not refunded for the current month.
We have an incentive to recommend additional investments to increase the amount of fees we earn under the
asset-based fee arrangement described above. In addition, you will incur certain charges and fees payable to
third parties. These include, but are not limited to securities transaction fees, third-party portal fees, account
setup and maintenance fees, and termination fees. You will pay fees and costs whether you make or lose money
on your investments. Fees and costs will reduce any amount of money you make on your investments over
time. Please make sure you understand what fees and costs you are paying.
For additional information, please see Item 5 of our Disclosure Brochure, available at
https://adviserinfo.sec.gov.
Ask your financial professional: Help me understand how these fees and costs might affect my investments. If
I give you $10,000 to invest, how much will go to fees and costs, and how much will be invested for me?
What are your legal obligations to me when acting as my investment adviser? How else does your firm
make money and what conflicts of interest do you have?
When we act as your investment adviser, we have to act in your best interest and not put our interest ahead of
yours. At the same time, the way we make money creates some conflicts with your interests. You should
understand and ask us about these conflicts because they can affect the investment advice we provide you.
Here is an example to help you understand what this means:
We buy and sell certain investments through our affiliate, Fundify Portal, LLC, a FINRA and SEC-registered
funding portal. Fundify Portal will likely receive financial compensation as a result of us investing our clients in
opportunities on Fundify Portal. Specifically, Fundify Portal may receive compensation in the form of cash and/or
equity for our clients' transactions. This presents a conflict of interest because we have an incentive to engage
in additional transactions through the Fundify Portal and to recommend particular investments that offer Fundify
Portal such compensation. We have policies and procedures in place to ensure that our recommendations are
in client's best interest, notwithstanding this incentive. For additional information, please see Item 10 of our
Disclosure Brochure, available at https://adviserinfo.sec.gov.
Ask your financial professional: How might your conflicts of interest affect me, and how will you address them?
How do your financial professionals make money?
Our financial professionals are compensated through salaries, discretionary bonuses, and/or equity in our
company. This gives them an incentive to maximize the revenue of the company. No compensation is based
on the performance or selection of specific securities.
Do you or your financial professionals have legal or disciplinary history?
No, visit https://www.investor.gov/CRS for a free and simple search tool to research you and your financial professionals.
Ask your financial professional: As a financial professional, do you have any disciplinary history?
For what type of conduct?