Hi there! We have a member withdrawing from our stock club,
however when i look at our member report her stocks are
priced at a higher amount than when she wrote her letter of
withdrawal. We requested a check from Scottrade in the
amount of what her stocks were worth on the date of her
letter (at this present time, they are worth more) How will
I be able to sync up Bivio with this withdrawal if its not
the total amount in this particular partners acct. Also, the
rest of the members in the group, paid extra money this
month, so that our monthly deposit will be the same as
always, including the withdrawing members shares. (Basically
we bought her shares). Will this all work out?? And what do
I have to do??

First, you need to review your partnership agreement and determine exactly how you are supposed to process a withdrawal. If your PA follows the model BI agreement, then you value her withdrawal as of the official valuation date that follows receipt of her withdrawal letter. Regardless of what happens to the value of the club portfolio (or the stocks you may be giving her as part of the withdrawal) after that date, her withdrawal is fixed. That is, she will receive x shares of company ABC and $y, which total her value (less any withdrawal fee) using the stock prices on the valuation date. Any change in value after the valuation date is at the risk of the member. You process the withdrawal using the withdrawal screens and bivio will handle the rest.

 

You did not buy her shares. You are investing whatever amount you decide to invest. Her decisions/actions are independent of yours.

 

Ira Smilovitz