You must be a 'wholesale client' as defined by the Australian Securities & Investments Commission (ASIC) in order to participate in investments on the GXE platform.
'Wholesale client' status (also commonly known as "sophisticated investor" and "wholesale investor" status) can be verified in a number of different ways but the most common is by asking your qualified accountant to attest to your certification by completing a verification form.
There are few ways that we can verify your wholesale client status:
Generating a certificate for your accountant to review and sign
This is the preferred method as it significantly reduces errors.
GXE's investment platform can automatically generate the necessary form for your accountant to review and sign.
Either:
Click here - https://portal.gxe.com/v/account/entities/verify-status
Or, proceed to your account (by clicking on Your Name -> Account details), then click the 'Entities' tab and click on 'Verify Wholesale Status'.
Now follow the steps
Using your existing wholesale certificate
Before completing this method, you MUST verify that your wholesale certificate contains the following:
Dated within the last two years
Completed by a qualified accountant and details the authorising accountants information – Defined by ASIC here
Certificate explicitly names your investing entities. Examples of the most commonly used options:
Individual (eg. John Doe)
Trust (eg. Trustee Pty Ltd ACN 123 123 123 ATF Family Trust)
Company (eg. ABC Company ACN 123 123 123)
and/or
SMSF (eg. Example Superannuation Pty Ltd as trustee for Example Superannuation Fund ABN 12 123 123 123)
If your certificate contains the above four key details then we can likely accept it. To upload your certificate, follow these steps:
Click here - https://portal.gxe.com/v/account/entities/verify-status
Now, follow the instructions
Alternative Validation
There are a variety of alternative criteria to satisfy the wholesale client test as defined in the Corporations Act 2001 which you can use if applicable.
Getting additional help
If you are still running into trouble or have any questions then please contact us at support@gxe.com for assistance.
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The material on this page is provided by GXE Management Pty Ltd (ACN 652 482 598), a corporate authorised representative (CAR No. 1292543) of GXE Fund Services Pty Ltd (ACN 162 966 609, AFSL 460870).
This material is for information purposes only and should not be construed as an offer or solicitation or recommendation to buy or sell any financial products. The information in this presentation or communication is directed and available to residents of Australia only deemed to be Wholesale Clients under section 761G of the Corporations Act 2001.
This information is intended to be general in nature and is not personal financial product advice. Any advice contained in this document is general advice only and has been prepared without considering your objectives, financial situation or needs. Before acting on any information, you should consider the appropriateness of the information provided and the nature of the relevant financial product having regard to your objectives, financial situation and needs.
You should seek independent financial advice and read the relevant disclosure statements or other offer document prior to making an investment decision (including a decision about whether to acquire or continue to hold) about a financial product.