Bring your own license - Omnibus
This operating model allows you to scale your investment services whilst owning the core of the investment tech stack.
Core benefits
Use your own licences to provide investment services at scale (fractional trading, top level execution). Upvest acts as an intermediary custodian and trading gateway.
You build and manage the sub-account functionalities of the user accounts. Only trading and corporate actions processing are offered by Upvest.
Upvest enables you to quickly scale your offering of new investments services.
A typical Omnibus client has one account linked to one user and one account group. All these accounts are created by Upvest for the client. Once created, these are not normally updated.
Some Omnibus clients will have more than one account. This is due to the tax treatment of dividends (different domiciles).
Legal setup
You provide legal coverage for brokerage, settlement and custody to the end user.
¹ RTO = Reception & transmission of orders
² EXO = Execution of orders
³ DOOA = Dealing on own account
Functional setup
Upvest provides services for brokerage, settlement, and custody on your omnibus account.
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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