FCX makes complex transactions seamless for Future Group
The client
Future Group is a collective of super funds and financial services businesses dedicated to a single cause: to lead the movement to use the power of money to invest, advocate and campaign for a future worth retiring into. People use Future Group’s products and services to use the power of capital to build the future they want to see. The Group has over $13.4 billion in funds under management and advice, supporting over 383,000 members, a team of 172 people and more than 200 investors.
The brief
Future Group is one of Australia’s fastest-growing super funds, with an evolving shareholder base. The superannuation platform business, best known for its retail super offering Future Super, required a sophisticated, secure approach to maintaining shareholder records, managing investor relations, and settling increasingly complex corporate transactions.
With transparency and accessibility central to its mission, Future Group also needed a solution to provide shareholders and employees with direct access to view and maintain their investment-related information.
Need for automation
“We knew that with a large shareholder register, we couldn’t complete another capital raise and other mission-critical transactions the manual way. It would just be too complex and expensive,” said Future Group Founder and Chief Executive Simon Sheikh.
Future Group’s brief was clear: it was looking for a platform to improve the process for its team and its shareholders. After reviewing FCX’s platform, Future Group appointed FCX as its partner to manage its company capital, records and transactions.
Working closely with Future Group’s legal and investor relations team, FCX was able to quickly migrate its 100+ shareholders onto the FCX platform.
FCX also supported Future Group with the rollout of its new Employee Shareholder Programme, awarding a further 85 employees with equity.
Major savings, long-term setup
FCX supported Future Group through its Series C capital raise, allowing the team to focus on critical items and spend less time on administration.
All Future Group shareholders and employee equity holders have direct access to view and manage their holdings and associated documentation on the FCX platform, cutting down requests and requirements for Future Group to liaise with shareholders on an individual basis. Future Group can also send necessary communications and documentation to shareholders directly on the platform.
Dean Jagger, General Manager for FCX said, “We pride ourselves in the agility of our processes and platform, and creating a tailored solution for Future Group was no different. We were able to keep pace comfortably and support this fast-moving company with its transaction while developing bespoke features to suit their business needs.”
Future Group’s Simon Sheikh continues, “Adopting FCX as a platform allows us space and time to continue to scale with much lower administrative and compliance costs. We now have a sophisticated tool to help us manage our registry and shareholder communications end-to-end. Ultimately, this will support the company to stay private for longer should that be the pathway we choose.”
FCX makes complex transactions seamless for Future Group
The client
Future Group is a collective of super funds and financial services businesses dedicated to a single cause: to lead the movement to use the power of money to invest, advocate and campaign for a future worth retiring into. People use Future Group’s products and services to use the power of capital to build the future they want to see. The Group has over $13.4 billion in funds under management and advice, supporting over 383,000 members, a team of 172 people and more than 200 investors.
The brief
Future Group is one of Australia’s fastest-growing super funds, with an evolving shareholder base. The superannuation platform business, best known for its retail super offering Future Super, required a sophisticated, secure approach to maintaining shareholder records, managing investor relations, and settling increasingly complex corporate transactions.
With transparency and accessibility central to its mission, Future Group also needed a solution to provide shareholders and employees with direct access to view and maintain their investment-related information.
Need for automation
“We knew that with a large shareholder register, we couldn’t complete another capital raise and other mission-critical transactions the manual way. It would just be too complex and expensive,” said Future Group Founder and Chief Executive Simon Sheikh.
Future Group’s brief was clear: it was looking for a platform to improve the process for its team and its shareholders. After reviewing FCX’s platform, Future Group appointed FCX as its partner to manage its company capital, records and transactions.
Working closely with Future Group’s legal and investor relations team, FCX was able to quickly migrate its 100+ shareholders onto the FCX platform.
FCX also supported Future Group with the rollout of its new Employee Shareholder Programme, awarding a further 85 employees with equity.
Major savings, long-term setup
FCX supported Future Group through its Series C capital raise, allowing the team to focus on critical items and spend less time on administration.
All Future Group shareholders and employee equity holders have direct access to view and manage their holdings and associated documentation on the FCX platform, cutting down requests and requirements for Future Group to liaise with shareholders on an individual basis. Future Group can also send necessary communications and documentation to shareholders directly on the platform.
Dean Jagger, General Manager for FCX said, “We pride ourselves in the agility of our processes and platform, and creating a tailored solution for Future Group was no different. We were able to keep pace comfortably and support this fast-moving company with its transaction while developing bespoke features to suit their business needs.”
Future Group’s Simon Sheikh continues, “Adopting FCX as a platform allows us space and time to continue to scale with much lower administrative and compliance costs. We now have a sophisticated tool to help us manage our registry and shareholder communications end-to-end. Ultimately, this will support the company to stay private for longer should that be the pathway we choose.”