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Hi Roch,
Welcome!
on boarding
Open an account here: https://portal.midlandtrust.com/
Below you will see all of the paperwork to be filled out and completed.
Submit your paper work, via the submit paperwork button.
Once all documentation is completed you will get a login for the investor portal. Review the PDF attached below.
- Go to Money Concepts EPIC dashboard. Under education/training section, click on the Green FactRight app.
- If you have not used FactRight in the past then you will not have a login yet and you will have to contact FactRight directly and they will help you get set up and assign the Warhawk One training course. The phone number to call is (866) 905-5511, representative Ashley H can help.
- Enter the EPIC opportunity and answer Reg BI (would do that in the same manner that you're doing it with any other account that you're opening through Money Concepts).
- On the EPIC dashboard go to “EPIC Home” at the top of the page. Within the Epic dashboard, search your client, go to their contact page, and then you're going to create a new account opportunity. The date that you're uploading the paperwork, you can select that as the opportunity name, and then I would name it Warhawk one. You are onboarding the client. Put in the expected amount that you're funding.
- Opportunity is created, you can go into this related tab to the opportunities, open up the opportunity. And then you would answer each of the RBI questions. If it's a new business that you're opening with, an initial deposit product name would be Warhawk one Capital.
- Then you answer how the clients needs of circumstances compared to other investments and then the account type of recommendation for all of the Reg BI. Then save the opportunity.
- Enter the EPIC opportunity and answer Reg BI (would do that in the same manner that you're doing it with any other account that you're opening through Money Concepts).
- On the EPIC dashboard go to “EPIC Home” at the top of the page. Within the Epic dashboard, search your client, go to their contact page, and then you're going to create a new account opportunity. The date that you're uploading the paperwork, you can select that as the opportunity name, and then I would name it Warhawk one. You are onboarding the client. Put in the expected amount that you're funding.
- Click on the box that says “Search For Forms.” Then click on the box that says “filter by:” and sort by broker dealer. Then click on the box that says “company” and select Money Concepts. Then, in the search box to the right of “form title” search for the following forms that you would need for Money Concepts:
- Then you will need to search for the forms that are needed for Warhawk One. Instead of filtering by broker dealer like in the last step, filter by “RIA” and scroll to the bottom in the “Company” drop down list to find “Warhawk One Capital LP” where you will see 9 forms that are required (11 forms if it is an IRA). All required forms and their overview is on the next page.
Warhawk One Capital Fund LP Money Concepts Client Disclosure
- Send the nine Warhawk One required forms to us via mail or online through this secure link
- Once we receive the paperwork, it will take Warhawk One two to three business days to process it.
- After all of the paperwork has been processed and properly verified, your account will be funded and active.
- Once the account is funded, the advisor will receive an email from us to sign in and subscribe to the advisor portal.
warhawk one paperwork
Statement values
If you have questions on paperwork please contact us
discover what makes warhawk one different
Faq
Individual/Joint Accounts:
- Money Concepts Alternative Investment Account Form
- Money Concepts Customer Profile
- Money Concepts Client Investment Disclosure for Warhawk One
- Money Concepts Switch Authorization Form (if applicable)
- Warhawk One Registration Agreement
- Warhawk One Disclosure Statement
- Warhawk One Subscription Agreement
- Warhawk One Joinder Agreement
- Warhawk One General Eligibility Questionnaire
- Warhawk One Investor Questionnaire
- Warhawk One Bad Actor Appendix
- Warhawk One New Issues Appendix
- Warhawk One Email Authorization
- Warhawk One Private Placement Memorandum (deliver to client)
- Warhawk One Limited Partnership Agreement (deliver to client)
Individual Retirement Accounts (IRA)s:
- Money Concepts Alternative Investment Account Form
- Money Concepts Customer Profile
- Money Concepts Client Investment Disclosure for Warhawk One
- Money Concepts Switch Authorization Form (if applicable)
- Warhawk One Registration Agreement
- Warhawk One Disclosure Statement
- Warhawk One Subscription Agreement
- Warhawk One Joinder Agreement
- Warhawk One General Eligibility Questionnaire
- Warhawk One Investor Questionnaire
- Warhawk One Bad Actor Appendix
- Warhawk One New Issues Appendix
- Warhawk One Email Authorization
- Warhawk One Midland Trust IRA Application Form
- Warhawk One Private Placement Memorandum (deliver to client)
- Warhawk One Limited Partnership Agreement (deliver to client)
Trust/ Corporations/ LLC/Partnerships:
- Money Concepts Alternative Investment Account Form
- Money Concepts Customer Profile
- Money Concepts Client Investment Disclosure for Warhawk One
- Money Concepts Switch Authorization Form (if applicable)
- Warhawk One Registration Agreement
- Warhawk One Disclosure Statement
- Warhawk One Subscription Agreement
- Warhawk One Joinder Agreement
- Warhawk One General Eligibility Questionnaire
- Warhawk One Investor Questionnaire
- Warhawk One Bad Actor Appendix
- Warhawk One New Issues Appendix
- Warhawk One Email Authorization
- Warhawk One Beneficial Ownership Form
- Warhawk One Private Placement Memorandum (deliver to client)
- Warhawk One Limited Partnership Agreement (deliver to client)
Submit or upload your paperwork here.
Non-IRA/Formidium
Bank Name: Northbrook Bank & Trust
Bank Address: 1100 Waukegan Road, Northbrook, IL 60062
ABA or SWIFT: 071926184
Account Name: Warhawk One Capital LP.
Account Number: 8705205654
Midland Trust
Bank Name: Centennial Bank
ABA: 082902757
Credit Name: Midland Trust Company
Credit Account: 1030311
Further Credit: Client Name, Midland Acct #
GP of the fund is Warhawk One Capital. Warhawk One Capital is hired as the investment manager by Warhawk One Capital LP to manage the investments of the fund. Fairly simple structure with the LP delegating duties and responsibilities to the GP to diligently maximize the value of the investments in the LP. The LP works with strongly vetted service providers to help manage other operational services like Fund Administration, Tax, Brokerage, and Legal Services. The scope of responsibilities and limitations for both the GP and LP can be found in the Limited Partnership Agreement and aspects of the private offering itself can be found in the Private Placement Memo. Both of which are attached.
The all in total fee to the client would be 2% management fee and 20% performance fee. The performance fee is assessed only if the client's account value increases and is subjected to a high watermark.
The incentive fee of 20% for gains is assessed once a year based on performance. If Warhawk One is able to generate gains for your client's account, the gains will be charged a 20% fee. For example, if the fund returned 10% before the incentive fee, your client would have a net gain of 8% once the performance fee is assessed. As a reminder, this fee is only assessed for the gains in the account, not on the whole account value. (Eg: if a $1,000,000 account returned 15%, the gain is $150,000. This performance fee will be based on 20% of the $150,000 gain, not on the $1,150,000 account value)
Also, this performance fee will only be assessed if the account value is above the level it was the last time a performance fee was charged. For example, if your client started with $1,000,000 and ended with $1,500,000 in year one, a performance fee is charged. However, in year 2, the value falls from $1,500,000 to $1,300,000, there won't be any performance fees charged in year 2. In fact, there won't be any performance fees charged until the account value is back above $1,500,000 again. This is commonly referred to as a previous high watermark.
The $3,000 was not fees but it's cash balance reserved in the account to handle fees in the future so that we do not have to sell anything to cover fees; less than 1% of the total account value.
Set aside 1% of the amount in cash at Midland to handle the fees and will subscribe the remaining to the hedge fund
3k (7 years of fees)
- $325 annual maintenance fee
- $155 one-time setup fee
The all in total fee to the client would be 2% management fee and 20% performance fee. The performance fee is assessed only if the client's account value increases and is subjected to a high watermark. Of the 2% management fee, half of it (eg: 1%) goes to your GDC grid as the advisor. We send this fee to you/Money Concepts quarterly.
2% management fee that the client pays, 1% goes to you as the advisor and the other 1% goes to Warhawk One. The 1% that goes to you as the advisor will hit your commissions grid at Money Concepts. The fee will be paid to you quarterly.
The prospectus is the
- Private Placement Memo
- the Limited Partnership Agreement
For Money Concepts Advisors, they can find it in Laserapp, they are labelled as "Private Placement Memo" and "Limited Partnership Agreement".
MC reps don't automatically have logins to FactRight for the training. They need to contact FactRight directly at 866-905-5511 and them establish the login and assign the Warhawks One course.
Ask for Ashley H
Midland Investor’s Hotline: (239) 900-1221
Call to verify the transfer and purchase of Warhawk One; confirm you want to invest in Warhawk One. Their hours of operation are between 8-5pm ET Mon-Thurs, and 8-4pm ET on Friday. Takes no more than 30 seconds
Transfers for Qualified accounts need to have a wet signature vs an electronic one
Here is the link to upload to Midland Trust.
The valuation date of the fund happens monthly so the values get updated monthly not daily. The investor cannot see the updated account values within the first 3 business days of every month. Our fund admin audits and reconciles the numbers, we review and approve it, and it gets posted to the portal each month.
The statements are not finalized yet because we have to audit and approve the numbers each month. Statements are expected to be finalized and distributed within the first 5-7 business days of each month because of this process.
Ongoing contributions to the account but only once a month when the investing window opens. There are limits to minimum contributions however of $50,000 per contribution. We are able to waive that minimum limit depending on the circumstances. What I would recommend if a client wants to do ongoing contribution is to do it quarterly instead of monthly to make it operationally easier for you, your client, and your back office.
The only reason it wouldn’t get approved is if $250k is more than 15% of Mary Anne's liquid net worth. We are confident Mary Anne meets those requirement so I am confident that her application will get approved.
