Vault - Legal
  • Terms & Conditions
    • 1. Appointment
    • 2. Our standard of care
    • 3. Client categorisation
    • 4. Service Overview & Account Handling
    • 5. Scope of our advice
    • 6. Your personal circumstances
    • 7. Maintaining the balance of your Recommended Allocation
    • 8. Instructions to Vault and Power of Attorney
    • 9. Your obligations
    • 10. Instructions and communication
    • 11. Delegation and use of third parties
    • 12. Lending, borrowing and underwriting
    • 13. Valuations and Reporting
    • 14. Dealing and counterparties
    • 15. Potential conflicts of interest and disclosures
    • 16. Fees and Charges
    • 17. Currency Conversion
    • 18. Referrals
    • 19. Taxation
    • 20. Liability
    • 21. Complaints
    • 22. Termination & Vault Account Suspension
    • 23. Consequences of Termination
    • 24. Inurement and Estate
    • 25. Confidentiality
    • 26. Data Protection
    • 27. Recording
    • 28. Force Majeure
    • 29. Joint Vault Accounts
    • 30. Amendments and Assignments
    • 31. General
    • 32. Governing Law
  • Schedule 1: Scope of Services and Fee Structure
  • Conflict of Interest Policy
Powered by GitBook
On this page

Terms & Conditions

These terms and conditions apply to the provision of certain investment services to you by Vault Wealth Limited (“Vault”, “us”, “our”, “we”), in relation to your Vault Account. Vault is a company incorporated and registered in Abu Dhabi Global Markets (“ADGM”) and regulated by ADGM Financial Services Regulatory Authority (“FSRA”). Vault is licensed to engage in the Regulated Activities of: (i) Arranging Deals in Investments; and (ii) Advising on Investments or Credit, each as defined in the Financial Services and Markets Regulations 2015 (as amended). Vault holds FSRA Financial Services Permission number 220092. Our registered office is located at Office 108, 14th Floor, Al Khatem Tower, Al Maryah Island, Abu Dhabi, United Arab Emirates. Vault is a wholly owned subsidiary of Vault Wealth Holdings Limited, a holding company domiciled in the ADGM.

The terms and conditions contain important information regarding the services that we will provide to you. For your own protection, you should read them carefully before accepting them. If you do not understand any clause herein, please visit www.vaultwealth.com and contact us for further information. These terms and conditions and any attachments thereto form an agreement between you and Vault (the “Agreement”). This Agreement constitutes your client agreement for purposes of the FSRA Conduct of Business Rulebook (“COBS Rulebook”) and contains the key information required to be provided to you in your capacity as a Vault client under Rule 12 of the COBS Rulebook and will come into force when you indicate your acceptance of its terms by typing in your full name and clicking the “Submit” button at the bottom of the screen.

Definitions:

  1. “Broker” means any person, entity, or firm that is a broker dealer registered with the Securities and Exchange Commission and member of the Financial Industry Regulatory Authority.

  2. “Broker Account” means the Broker account opened by you and maintained with said Broker pursuant to the Broker Account Terms for use with your Investment Strategy.

  3. “Broker Account Terms” means the terms and conditions applicable to your Broker Account.

  4. “FSRA Rules” mean the rules and guidance issued by the FSRA from time to time.

  5. “Investment Arrangement” means the process by which Vault arranges for a transaction to take place in accordance with your Investment Strategy.

  6. “Investment Portfolios” means a portfolio of investments that Vault may offer or structure on your behalf from time to time.

  7. “Investment Strategy” means the strategy adopted to structure and allocate investments in your Investment Portfolio(s) in accordance with your investment goals.

  8. “Priority Accounts” means a Vault Account that holds (held through the corresponding Broker Account) between USD100,000 and USD1,000,000.

  9. “Private Accounts” means a Vault Account that holds (held through the corresponding Broker Account) more than USD1,000,000.

  10. “Professional Client” means investors with at least USD1,000,000 in net assets and currently, or has worked in the last two years, in a regulated financial institution or has sufficient experience and understanding of relevant financial markets, products and associated risks; or an investor that otherwise meets the criteria for a Professional Client as defined in the COBS Rulebook.

  11. “Recommended Allocation” means an allocation of investments in your Investment Portfolio informed by your risk appetite.

  12. “Retail Client” means an investor who is not a Professional Client.

  13. “SmartCash Monthly Platform Fee” means the fee charged for the provision of the Vault SmartCash service, as more particularly described in ‎Schedule 1.

  14. “Tiered Annual Platform Fee” means the annual fees charged for the provision of the Vault Core Services, as more particularly described in ‎Schedule 1.

  15. “Vault Account” means the account opened by you and maintained with us pursuant to this Agreement, including your Broker Account.

  16. “Vault Alternative Investment Arranging Fee” means the fees charged for the Vault Alternative Investment Arranging Services, as more particularly described in ‎Schedule 1.

  17. “Vault Bespoke Advisory Hourly Fee” means the fees charged for the Vault Bespoke Advisory Services as more particularly described in ‎Schedule 1.

  18. “Website” means www.vaultwealth.com.

Defined terms not otherwise defined in this Agreement shall have the meanings ascribed to them in the FSRA Regulations and Rules available here.

Last updated 27 days ago