You can rest assured that your investments will continue to exist even if Sunbrick Equity were to be dissolved. All of our investments exist in bankruptcy-remote vehicles. In the event of a liquidation, all Sunbrick Equity’s investments are fully shielded from claims by any creditor.
You can sell your shares on Sunbrick Equity’s platform, subject to a 90-day holding period and availability. When selling shares, Sunbrick Equity charges a redemption fee of 10%, or as otherwise indicated, which helps cover the costs and risks associated with buying back the shares. The selling price may vary from the buy price due to market factors and demand on the platform.
Cash Balances are custodied in an omnibus account with JPMorgan Chase Bank, N.A. in the name of Sunbrick Equity Liquidshares for the benefit of (“FBO”) customers. JPMorgan Chase is one of the largest financial services companies in the world, is ranked as the world's most systemically important bank by the G20 Financial Stability Forum, and has the highest capital requirements among the largest banks in the US.
Additionally, your Sunbrick Equity account is protected by Two-Factor Authentication (2FA), which requires two sources of verification to sign in to your account: something you know (your password) and something you have (a one-time verification code). This step helps protect your account, even if someone knows or guesses your password.
To be able to fund your investment, you will need to make a deposit to sunbrickequity. This will be added to your cash balance.
Deposits will be available once it has been approved by your account officer.
Investors can leverage their current Sunbrick Equity equity by selecting shares as a funding source when making a purchase order, enabling them to invest in new shares with a different company. With this feature you are selling existing holding and you will be able to see how much proceeds will be used, as well as their value per share for the new purchase before executing the trade order. Note that shares are used first for a purchase, and cash in your account can cover any remaining balance.
Orders are executed and settled immediately, so they cannot be canceled or revised once submitted.
We typically only see rejections or returns for ACH and wire deposits.
ACH deposits are most frequently rejected due to insufficient funds, the account not supporting ACH transfers, the account being closed, or the payment being stopped. In the event of a rejection, we will notify you via email.
Wire transfers are typically rejected due to incorrect wiring instructions. Generally we see that the routing number or the Swift/BIC code is used incorrectly. Domestic transfers need to use the account and routing number whereas international transfers need to use the account number and Swift/BIC code. In the event of a rejection, the wire confirmation (which can be received from your bank) will outline all the details used and can be compared to your Sunbrick Equity wiring instructions.
If you have questions regarding a failed transfer, contacting your bank is the best place to start.
For instructions on how to initiate a sell order, Click on sell shares from your portfolio.