How it works
One adviser of record, four clearly defined parties.
NextReg Advisors carries the advisory relationship. The fintech partner owns the product experience. The custodian or broker executes and holds assets. The end client receives the service through the partner's product.
The relationship
Fintech partner
Customer experience, interface, distribution
NextReg Advisors
Adviser and fiduciary; the control layer
Custodian / broker
Selected integrations execute and hold assets
End client
Receives the advisory service
Who is responsible for what
Responsibilities are allocated in writing before a program launches.
| Area | NextReg Advisors | Fintech Partner |
|---|---|---|
| Advisory role | Acts as the investment adviser and fiduciary to end clients. | Delivers the customer-facing product experience. |
| Investment decisions | Owns investment methodology and portfolio construction. | Does not independently change investment advice or exercise advisory discretion. |
| Documents and marketing | Approves disclosures, advisory agreements, fees, and marketing. | Submits materials for approval and uses approved language. |
| Technology and distribution | Defines the approved journeys and integration boundaries. | Provides the technology interface and distribution. |
| Supervision | Supervises the program on an ongoing basis. | Operates within the approved framework and reports as agreed. |
| Records and complaints | Handles complaints and maintains advisory and regulatory records. | Routes client complaints to NextReg Advisors and supports recordkeeping. |
| Positioning | Is identified as the investment adviser. | Does not present itself as the investment adviser. |
Partners do not provide individualized investment advice.
Engagement path
- 1
Evaluate fit
We assess whether the proposed product is a match for NextReg Advisors' platform and regulatory model.
- 2
Design the approved program
Journeys, strategy, disclosures, and integrations are defined and approved.
- 3
Launch
The program goes live inside the controlled framework.
- 4
Operate and scale
The program runs under ongoing supervision as volume and features grow.
Evaluate Your Use Case
Tell us what you're building and we'll assess fit against the platform and regulatory model.