Hello,
I am looking for brokers in Europe, or Asia with the option for a tripartite agreement (custodian broker, investment manager, client). Please let me know if you are aware of any. Are these agreements popular among FX brokers?
Just found this site, they offer tripartite agreements,
This is the link
this is what it says:
ASSETS MANAGERS - OVERVIEW
Institutional Clients
ActivTrades welcomes Money Managers who need a robust application to manage their clients’ funds, in a fully automated environment. As such, we propose the Managed Accounts Allocation Manager to Money Managers.
MANAGED ACCOUNTS ALLOCATION MANAGER (MAAM)
ActivTrades Trading Solution for Asset Managers
Asset managers understand the market and customers’ needs. ActivTrades offers relevant modules and market access to support them with their individual investment strategies, providing a variety of trading instruments. Through a partnership with ActivTrades, the Asset Managers can achieve their investment objectives.
The Managed Accounts Allocation Manager (MAAM) is the ActivTrades tool enabling asset managers to operate their client’s investments. The MAAM provides access to major trading instruments through our customised interface, and is fully integrated into the MetaTrader 4 and 5 platforms. This technology allows one Master Account to simultaneously trade on several client accounts (the Slave Accounts). The Master Account will reflect the aggregate balance, equity and margin available on the Slaves Accounts.
The MAAM is based on a post allocation trading system which guarantees the same execution price to all clients. Trades executed on the Master Account are split automatically between the Slave Accounts depending on the available margin (the allocation process). Orders can only be placed by the MAAM account onto the Slave Accounts, both transactions and orders are immediately displayed in the Slave Accounts.
*Asset Managers must obtain express consent from each client using ActivTrades Limited Power of Attorney Form before they are able to manage client investments. Any Individual or company wishing to act as an asset manager must have a license to manage client funds from the relevant regulatory body in their jurisdiction. If the potential asset manager believes no such license is required, a fully qualified and recognised lawyer from that jurisdiction must provide a legal opinion verifying this fact.
Anyone knows of any similar services by FX brokers please let me know