At Midlands, we take the responsibility of looking after your hard earned dollars very seriously. We have layers of enhanced security measures and processes in place that are designed to help protect your investment and to give you peace of mind.
How We Protect Your Money
World Class Cyber Security Protection
We comply with ‘Essential 8’ cyber security protection, developed by the Australian Government’s Intelligence Agency (ASD).
The Fund’s Assets Are Held In A Trust
The Fund’s assets are held separately, in a trust by an independent custodian.
Verified Bank Accounts For Withdrawals
Withdrawals of funds will only be transferred into a verified bank account.
2 Factor Authentication For Additional Online Security
We use 2 Factor Authentication to access all our important online investor portals.
24/7 Active Monitoring
We have 24/7 “eyes on glass” monitoring of our platform which means experienced security analysists are always watching over our online platforms.
We’re Licensed, Supervised & Regulated
To uphold our licence to operate, there are many compliance requirements we must meet, designed to protect investors and their investment.
A structure designed to
protect our investors...
1. Midlands Smarter PIE Fund
If you invest with Midlands, you are investing into the Midlands Smarter PIE Fund (Fund). The Fund is a ‘trust’ established as a ‘group investment fund’ under the Trustee Companies Act 1967. This means that the assets of the Fund are held separately to Midlands Funds Management Limited, ‘in trust’ by an independent custodian company (more on this below).
2. Midlands Funds Management Limited (Midlands)
Midlands is a standalone management company. It has been granted a licence by the Financial Markets Authority (FMA) that allows it to manage the Midlands Smarter PIE Fund. Midlands makes lending decisions, adheres to the regulatory framework and does everything else to run the Fund to the best of its ability. Midlands does NOT take ownership of your investment or own the assets of the Fund, and your investment does not go into Midlands’ bank account. Midlands receive fees from the Fund for its management services.
3. FM Custodians Limited (FM Custodians)
FM Custodians is a custodian company that is completely separate to Midlands. FM Custodians is appointed by our independent supervisor, Trustees Executors Limited, to be responsible for the ‘custody’ or safekeeping of the Midlands Smarter PIE Fund’s assets. When you invest with Midlands, your money goes into FM Custodians’ bank account and the assets of the Fund also sit within FM Custodians, where they are held ‘in trust’. It means that your money is always kept separately from Midlands Funds Management Limited and it isn’t mixed up with the money used for the day to day running of our business.
Furthermore, all bank transactions in and out of FM Custodians’ bank account are verified and authorised by our independent supervisor. That is, Midlands staff members cannot make any withdrawals or payments out of the FM Custodians bank account without authorisation from the independent supervisor. It’s an extra check that adds a layer of protection for our investors.
This clever structure ensures that if anything were to happen to Midlands Funds Management Limited, the assets of the Midlands Smarter PIE Fund would not be directly affected because they’re held completely separately with FM Custodians Limited, in a trust.
