Common questions about working with Fundviews.

Fundviews Capital is an outsourced fund-operations platform for RIAs, family offices, and emerging asset managers. We coordinate the legal work with counsel (Riveles Wahab LLP by default, or your chosen firm) and run the back- and middle-office of your private investment fund — fund admin, audit, tax, compliance filings, investor onboarding, and ongoing reporting — under one engagement at a published operator fee. Our model is operator-led: every partner has run private fund operations directly, so we're building the platform we wished had existed.

Fundviews Capital LLC was founded on April 1, 2021 in Florida by Greg Poapst, alongside founding partners Chris Tayeh and Simon Riveles. The firm is headquartered at 3785 NW 82nd Ave, Suite #304, Doral, FL 33166, with additional offices in Palm Beach Gardens, Florida and Montevideo, Uruguay (which handles much of our Latin America operations).

Yes. Fundviews Capital LLC is registered as an Exempt Reporting Adviser with the U.S. Securities and Exchange Commission. Our SEC CRD number is 325229, and our Form ADV is publicly available on the SEC's Investment Adviser Public Disclosure website at adviserinfo.sec.gov/firm/summary/325229. Greg Poapst currently serves as Chief Compliance Officer.

Three founding partners — Greg Poapst (Founding Managing Partner), Simon Riveles (Default Legal Counsel via Riveles Wahab LLP), and Chris Tayeh (Wealth Management) — plus an operations bench across Florida and Uruguay (Ben Powers, Vanina Dalto, Carolina Menache, Alejandro Bentancour), Molly Canfield (Executive Assistant), Thomas Aliberti (Cybersecurity, via TAAUS Secure Technologies), and Julio Ramirez (Web & Brand). Across the team we have 50+ years of combined fund operations and structuring experience. Full bios are on the Team page.

Assets Under Service (AUS) reflects the total assets of funds for which Fundviews provides outsourced operational, administrative, and back-office services. AUS is not Assets Under Management — Fundviews does not exercise investment discretion over assets reported as AUS. The investment discretion stays with the GP, RIA, or family office that engaged us. For Fundviews Capital LLC's Regulatory Assets Under Management as defined under the Investment Advisers Act, see our Form ADV on the SEC's IAPD website. We currently report approximately $788M in AUS as of the most recent quarter.

We publish three operator-fee tiers: 0.30% per annum for an SPV (single-deal vehicle), 0.50% for a Fund or Fund-of-Funds, and 0.25% for a Family Office Vehicle (including a single-family Fund-of-Funds, which sits in the same tier as any other family-office vehicle). The operator fee is what Fundviews charges; it does not include third-party costs (formation, fund admin, audit, tax preparation), which are billed by the relevant providers at standard rates and disclosed in your launch plan. Fundviews also has a minimum operator fee of $15,000 per year, typically waived for the first 6–12 months while the fund ramps. The full fee schedule, plus an interactive calculator that estimates your all-in cost by structure and AUM, lives on the Pricing page.

Included: ongoing back- and middle-office operations for the fund — fund admin coordination, shadow NAV reconciliation, audit process support, tax preparation oversight, investor onboarding (KYC/AML on the Fundviews platform), partial compliance filings (Blue Sky, Form D, state notices, BOI), investor reporting, technology setup and licensing, and ad-hoc operational support. Not included: legal fees for fund formation and ongoing securities counsel, fund administrator fees, audit fees, tax preparation fees, custodian and bank fees, and any other third-party vendor costs. Those third-party costs are negotiated by us on your behalf and disclosed up front.

Yes. The Fundviews operator fee can be written into the fund's PPM as a fund-level expense, meaning it's paid out of the fund itself rather than out of the GP's management fee or carry (or out of an RIA's advisory fee). For most managers and RIAs, this preserves your top-line economics while still giving the fund a fully-operated back- and middle-office. The right structure depends on your fee posture, regulatory profile, and LP base, and we'll walk through the options with you and counsel before anything is drafted.

There isn't a hard floor, but the economics start to make sense around $5–10 million in equity capital (for real estate managers, that's equity capital, not gross asset value). Below that, the fixed third-party costs (admin, audit, tax) begin to weigh heavily on the total expense ratio relative to fund size. Fundviews also has a minimum operator fee of $15,000 per year, which is typically waived for the first 6–12 months while the fund ramps. The pricing calculator at /pricing/calculator shows the all-in cost at any AUM level so you can decide whether the math works for your situation. The right structure (SPV vs. Fund) is driven by the number of investments the vehicle will hold, not by size — we'll walk through both questions on a 20-minute call.

Yes. The published fee is the starting point of the conversation, not the end of it. For multi-fund relationships — multiple strategies under a Series LLC, multi-vehicle launches over time, or a full alts platform with several sleeves — we discount accordingly and write the relationship-level economics into the engagement. The same applies to family offices that want to bring multiple existing entities under Fundviews ops simultaneously.

Day 1 to first close in 30 days for an SPV or a single-strategy Fund or Fund-of-Funds, and 21 days for a Family Office Vehicle. Diversified vehicles with multiple share classes, side letters, or master-feeder structures typically take 45–60 days. These are calendar days, not business days, and they are real timelines from funds we have launched. We disclose the expected timeline at kickoff; anything that takes longer because of a specific complexity (offshore blocker, unusual investor base, regulatory wrinkle) is flagged before you sign an engagement letter.

Fundviews does not structure funds — that's the job of independent securities counsel (Riveles Wahab LLP by default, or another firm of your choosing). What Fundviews does is operate the back- and middle-office for funds that have been structured in Delaware, the Cayman Islands, or the British Virgin Islands. Delaware is the default for U.S.-only LPs because of its mature LLC and limited-partnership statutes, deep precedent, and low cost. Cayman is the standard choice when you have non-U.S. LPs or U.S. tax-exempt LPs that need a blocker, because of the long history of Cayman in alternative investments and the well-developed regulatory regime. BVI is similar to Cayman for many use cases but typically less expensive on formation and ongoing maintenance, which can be attractive for smaller offshore vehicles. The right choice depends on the LP base, tax posture, and strategy. We make a recommendation as part of your launch plan; counsel makes the final structuring decision and files the documents.

You can use your own counsel. Riveles Wahab LLP is our default legal partner because Simon Riveles, the firm's founder, is also a Fundviews partner and has launched 800+ funds since 2011, which makes the coordination clean. But Fundviews-coordinated launches work the same way with any qualified securities firm of your choosing — we coordinate the legal workstream as part of the operator engagement regardless of which firm is doing the drafting.

Yes, that's our Outsourced COO (OCOO) service. If you have an existing fund or alternatives platform that's already running and you want to migrate operations to Fundviews — taking over fund admin coordination, audit support, tax oversight, compliance filings, and investor reporting — we run that as a separate workstream from a new-fund launch. The transition typically takes 30–60 days depending on the cut-over date for the next fund admin period and any custodian or banking changes. Several of our active client relationships started this way.

No. Fundviews provides outsourced operations and administrative services. We do not provide investment advice (the GP, RIA, or family office stays the investment decision-maker), legal advice (independent counsel handles fund formation and securities matters; Riveles Wahab LLP is our default partner, or you can use your own firm), tax advice (independent CPAs handle returns and tax positions; we coordinate the relationship), or compliance advice (we handle filings and operational compliance support, but the regulatory advice itself comes from counsel).

No. Fundviews coordinates the relationship with a third-party fund administrator who handles the official books and records, NAV calculations, and capital activity. We work with several established administrators depending on the engagement, structure, and jurisdiction. Fundviews runs a parallel shadow NAV reconciliation against the administrator's books to catch errors early, but the administrator of record is always a regulated, independent third party.

Yes. Investor onboarding runs through the Fundviews technology platform. We coordinate KYC/AML reviews on each investor (the fund administrator handles the underlying verification, and we run additional background checks via CLEAR by Thomson Reuters, which covers adverse media, sanctions, PEP, and OFAC screening). Sub docs are distributed to LPs through the portal, capital is collected, and the new investor is onboarded into the fund's records cleanly. For family-office and high-touch engagements, we handle onboarding in a more concierge style with named POCs for trustees and family members.

Partial compliance, coordinated alongside counsel and/or compliance advisors. We handle Blue Sky filings, Form D, annual ADV updates (where applicable), Beneficial Ownership Information (BOI) filings under FinCEN, FATCA where applicable, and ongoing state notice filings. Securities-law advice and complex regulatory positions sit with counsel; we run the operational machinery around filings (deadlines, drafts, submissions, recordkeeping). Fundviews also has industry partners that can act as Outsourced CCO or compliance advisors to managers who need that layer (we can introduce you). For SEC examinations or enforcement matters, our role is limited to operational support; the firm's General Counsel, outside counsel, and OCCO handle the substantive response.

Cybersecurity and infrastructure security at Fundviews are managed by TAAUS Secure Technologies (Thomas Aliberti, our Cybersecurity partner), with 20+ years of enterprise security experience. We maintain a Written Information Security Program (WISP), encrypted transport (HTTPS / TLS) and at-rest encryption for sensitive data, role-based access controls on internal systems, multi-factor authentication on cloud accounts that hold sensitive information, and documented incident response procedures. Specific vendor and infrastructure details are available to clients and prospects under NDA as part of our DDQ.

Three primary audiences. First, registered investment advisers (RIAs) and wealth managers — including SEC-registered RIAs and state-registered firms — who want to add a real private-fund offering for their clients (single feeder, multi-strategy Series platform, or a branded vehicle as a service) without becoming a fund manager themselves. Second, family offices structuring pooled vehicles or running alternatives platforms across multiple family branches at family-office economics. Third, emerging asset managers and GPs launching their first or next fund who want admin, audit, tax, and compliance under one operator fee instead of building an in-house ops team or stitching together vendors.

We're not the right partner for every situation. We don't service 1940 Act registered investment companies, ETFs, broker-dealer activities, or retail-only crowdfunding platforms. We also don't take on crypto or digital-asset funds, or SPVs that hold coin directly or handle complex on-chain transactions, with limited exceptions: private lending or equity strategies that happen to be backed by crypto assets, or coin held with an institutional counterparty or qualified custodian. If we're not the right fit, we'll usually know in the first call and we'll point you toward someone who is.

Two paths. If you'd like a tailored 1-page launch plan based on your strategy, fund size, and LP base, fill out the launch-plan intake at /launch-plan and we'll send a plan within one business day (covering structure recommendation, jurisdiction, operator fee tier, expected timeline, and an indicative all-in cost range). If you'd rather just talk, book a 20-minute call directly with Greg or our BD team using the scheduler in the header. Either way, there's no obligation and no calls between you and counsel until we've agreed there's a fit.