Client agreement – Execution Only Service

This agreement sets out the terms under which we’ll provide our execution only services to you, including what we do and how we change you for it. We would ask that you read them carefully and if there’s something you don’t understand, please contact us to explain it, as these terms form the legally binding agreement between us.

If you have a question or concern about any aspect of our services, please contact us at:

This agreement sets out our respective obligations and explains about our Investor Portal powered by GrowthInvest. It explains what we do and how we charge.

Section 10 (useful information about our services) includes details of the protections available to you under UK financial services regulation. The services we have agreed to provide are shown in section 3 (our service) & section 4 (our investor portal & GrowthInvest). The cost for those services are shown in section 7 (our charges).

1. What we do - our Execution Only service

Boardwalk Alternative Capital Limited (‘Boardwalk’) acts in a capacity of intermediary and arranger, providing the following service:

  1. We will introduce you to, promote and provide pitch information on the following ‘Investments’ - Private Equity funds and partnerships, Venture Capital funds and partnerships, private equity shares (including start up and early stage businesses), private company debt & bonds, Venture Capital Trusts (VCTs), Enterprise Investment Schemes (EIS), Seed Enterprise Investment Schemes (SEIS), Inheritance Tax Products (IHT), discretionary management services, Business Relief products or other products made available on the platform;

  2. Access to pitch information on investments for experienced investors to assess and make your own informed decisions about whether to invest in such opportunities. ‘Pitch’ information includes private placement documents, fund prospectus documents, key information documents, information memorandum and other material produced by third parties to promote their investment opportunities;

  3. Information will only be made available to investors who register for our Investor Portal found at By registering for our Investor Portal, you consent to these terms and consent to have information provided in this way. The Investor Portal is powered by GrowthInvest. By registering for our Investor Portal, you also register to use the GrowthInvest platform. GrowthInvest’s terms and conditions can be found at

  4. We will assist you with applying for and arranging (on your behalf) investments. Should you decide to proceed with an investment we will facilitate the processing of the application for you.

  5. We provide an Execution Only service where we do not provide any advice or exercise any judgement as to the merits or suitability of the transaction for you. Any decision to invest is your own.

The Investments and the service we provide may not be suitable for all investors and the promotion of such investments is restricted to specific types of investor. You will be required to declare the basis on which you are able to receive such promotions during the account opening process and annually thereafter.

Appropriate advice, such as financial, legal and tax, should be sought in respect of any proposed course of action before making an investment decision. If you require financial advice before making an investment decision, this may be provided by Artorius Wealth Management Limited (, our associated company, subject to their agreement with you.

2. Our obligations

Our Execution Only service

Under this agreement we will not provide any advice or exercise any judgement as to the merits or suitability of the transaction for you the client. We’ll instead arrange the Investment transactions on your behalf on an execution only basis.

Some products promoted to you may be ‘complex’. Complex products include those promoted by Boardwalk, such as unregulated collective investment schemes and non-readily realisable securities which are infrequently traded or in which there is no market. We’ll inform you in each promotion for an investment if it is considered to be complex.

Where your instructions relate to a complex product, it may be necessary for us to obtain further information from you to determine whether the transaction is appropriate. For clients of Artorius Wealth Management Limited (‘Artorius’), our associated company, you CONSENT to Boardwalk obtaining relevant information from Artorius and you AGREE that Artorius can provide such information in order to assess the appropriateness of the investment. If, having obtained this information, we conclude that the transaction would not be appropriate, we shall warn you of this fact and we’ll then need to agree between us whether or not to proceed.







3. Our Service



4. Our Investor Portal and GrowthInvest

We have partnered with GrowthInvest to deliver our Investor Portal. GrowthInvest is a tradename of EIS Platforms Limited (FRN: 694945), an appointed representative of Sapphire Capital Partners LLP (FRN:565716) which is authorised and regulated by the Financial Conduct Authority in the UK.

The Client Portal, powered by GrowthInvest provides the following services:

In selecting GrowthInvest to provide the Investor Portal and its services direct to you, we have exercised due skill, care and diligence in their selection. Boardwalk is not responsible for liabilities, losses, costs or expenses suffered by you for the service provided by GrowthInvest and its appointed custodians.

5. Risks

6. Your Obligations

This section sets out your obligations in agreeing to receive our services.




7. Our Charges

Charges for our Execution Only services are as follows:

Boardwalk will not charge for access to the Boardwalk Investor Portal, or for making Pitch Information available to you.

In most cases, for promoting investments to you, we will be paid (a commission) by the party seeking to raise investment. Typically, this will be a one-off charge, paid as a percentage of the assets you invest, and ranges from 1% to 6%. For example, for a £100,000 investment, we may receive a payment ranging from £1,000 to £6,000. A £500,000 investment into a company, we may receive a payment from the company ranging from £5,000 up to £30,000.

Although you may pay nothing to us upfront, that does not mean our service is free. You still pay us indirectly through these commissions. Commissions may or may not reduce the amount left for investment and this would be fully explained at the outset. For example, your proportional ownership or share allocation into a private company would be unaffected however the value of that investment would be proportionally reduced by the reduction in the cash amount paid for commissions.

On occasions the Investment may request, and we may agree to being paid to an equivalent amount due by way of allocating shares in the Investment rather than receive cash. In such scenarios, we will full assess any conflicts of interest and disclose such payment to you.

Prior to you investing in a promoted Investment, we will fully disclose to you the basis of remuneration we have agreed with that Investment.

Any payment we receive from an investment will result in no further fee being due from you and you will not be due to pay any VAT.


Depending on the services we provide, there may be costs and charges (including taxes), not charged by us, but related to the Investments we arrange for you. These charges may be one-off charges (payable up front) or charges payable on an ongoing basis. For example:

8. Cancellation & Amendments

Ending this agreement



9. Your Client Classification

10. Useful Information About Our Services


Boardwalk Alternative Capital Limited is authorised and regulated by the Financial Conduct Authority (FCA), 12 Endeavour Square, Stratford, London, E20 1JN. Our firm reference number is 914892.

Our permitted business is arranging deals in investments and making arrangements with a view to transactions in investments.



Please note that if you have been classified as a professional client you may lose your right of FSCS protection.

The majority of Investments promoted by Boardwalk are not themselves covered by the FSCS.




Investing in start-ups and early stage businesses involves risks, including illiquidity, lack of dividends, dilution and loss of investment. Investments promoted by Boardwalk are targeted exclusively at investors who understand the risks of investing in early stage businesses and can make their own investment decisions.

Pitches for investments are not offers to the public and investments can only be made by members of Boardwalk on the basis of information provided in the pitches by the companies concerned. The valuations of the businesses have not been independently verified unless stated otherwise. We take no responsibility for this information or for any opinions made by the companies. We cannot provide advice.

This website is not directed at or intended for publication or distribution to any person (natural or legal) in any jurisdiction where doing so would result in contravention of any applicable laws or regulations.

The investment opportunities offered on this platform are not covered by the Financial Services Compensation Scheme.

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