Welcome to KappaVest

Purpose:

A long term investment group, operating as a separate entity from Kappa Alpha Psi Fraternity, that will invest monthly contributions’ from its partners into the stock market (via a mutual fund) for a return and pay your local and province dues from a portion of the proceeds. All partners must be recognized members of Kappa Alpha Psi Fraternity.

Process:

Review the partnership agreement and bylaws and execute the Kappa Vest Agreement Form.

Pay an initial application fee of $30 (which could be annual) plus a minimum capital investment of $30. You can choose to invest more than $30 per month in increments of $10. You are then a partner in Kappa Vest. There are various ways you can pay your monthly investment amount (i.e. a one time annual payment, monthly payment via check, automatic withdrawal, etc.). Automatic withdrawal is the preferred method of payment. Monthly payments must be received on or before the 15th of the month. Your money is then “pooled” with other partners’ contributions and invested into a mutual fund. On an annual basis (late October) a redemption from the mutual fund is taken on behalf of each of the partners ($300) and paid to the respective partner’s selected Chapter of Kappa Alpha Psi Fraternity, Inc. This covers your local ($260 for Alpharetta/Smyrna) and province dues ($40). The balance of your account stays invested year after year.

Sign-up Period:

You can sign-up at any time. However, you must accumulate enough into the account before a redemption can be made on your behalf. This is determined based on when you sign up and if you are going to pay monthly. For example, if you joined in October, you would have to pay an initial application fee of $30 plus a minimum capital investment ($30 per month]) continuously. You will then have capital contributions of at least $360 in your account by September 30 of the following year after you join; there must be a minimum balance of $60 in capital investment left in your account before the $300 redemption for dues can be made on your behalf. If you join in January, you would follow the procedure outlined above; between January and August of that year you would have contributed $240 (based on $30 per month contribution scenario); however, in September of that year you would have to make an additional capital contribution of$120 in order to have $360 of capital investment to your account before the $300 redemption can be made on your behalf. The plan can be modified depending on the required redemption necessary to pay your respective chapter’s local and province dues-so long as there is a minimum balance of $60 in capital investment beyond the amount of redemption you take.

Withdrawals

Kappa Vest is a long-term investment group (10 years minimum) for serious investors. Early withdrawals are allowed based on extenuating circumstances, approval from the majority of the partners, and a possible payment of an early withdrawal penalty.