The Private Investor Club is a place where investors get together to share due diligence, source deals and negotiate discounts on alternative investments.
They partner with Assure to create feeder funds. When one of the deals requires a high minimum, such as a million dollars, they can create an investment fund or a feeder fund. Within that fund, an individual investor in the club can invest a smaller amount, for example $25,000, rather than the full amount.
Private Investor Club, to date, has 13 funds, each with roughly 100 investors. “If we were managing all of that internally,” says Ian Ippolito, Founder and CEO of Private Investor Club, “it would require customer service people that I would have to hire. I would have to be dealing with a lot of people, or be managing someone to deal with them. Having Assure takes all of that off my plate.”
When Ian Ippolito, the Founder and CEO of the Private Investor Club, was starting the group in 2015, he researched a variety of partners to handle the legal processing around feeder funds.
“When it became apparent that we were going to do this process, I probably looked at maybe five or six different vendors and I liked Assure because of the ease of use versus the other ones. It seemed much more approachable,” said Ian.
Ian also felt that a lot of Assure’s competitors were using somewhat antiquated processes. “A lot of them are running on these older processes where it’s not online. Assure has Glassboard, so they can onboard people online. They don’t have to mail documents. Some of the competitors have a very slow process. And because it’s slow, it’s also more expensive.”
EXCELLENT, DEDICATED SERVICE—“I have a dedicated account manager (a deal coordinator) that I have been working with. They’re organized, on top of things, and have good communication skills,” said Ian.