For Financial Advisors

Give your clients the names
they actually ask for — and grow your book doing it.

Your clients already want SpaceX, OpenAI, Anthropic, and Stripe. Limen Markets Private gives the advisors who serve them curated, single-name pre-IPO access through institutionally structured vehicles — not a commoditized feeder fund.

You keep the relationship and the economics. Choose the track that fits your license: stay fully fee-only, or take a placement commission through our broker-dealer agreement.

It's the same direct sourcing, transparent pricing, and consumer-grade workflow that powers our marketplace — extended to the professionals who manage serious capital, with reporting that drops straight into the systems you already bill from.

And when your client elects shares, the capital comes back to your book — appreciated and billable.

Talk to our partnerships team → Explore the marketplace

28 Private companies live on the platform today

2 Compensation tracks — pick the one your license allows

3 Reporting feeds: Addepar, Black Diamond, Orion

100% Holdings independently verifiable by your client

The partner program

One program. Two ways to participate.

We don't force a single comp model — that's the mistake that loses the best advisors. You pick the track that fits your registration; the program adapts to you.

Track A

Fiduciary / Fee-Only

Keep your fee-only status — take nothing from us.

The headline track, built to beat the big alts platforms head-on. You take zero commission from Limen, so your fee-only and fiduciary standing stays fully intact.

Bill your own advisory fee on the position throughout the hold
Position reporting feeds straight into Addepar, Black Diamond, and Orion, so it's billable AUA — not a dead gap
We subsidize your client's entry load, so they get in for less than through a typical feeder
No solicitor entanglement — the cleanest possible compliance posture

Track B

Commission / Registered Rep

For BD-affiliated reps whose firm approves the product.

For registered representatives, a tiered placement program rewards the partners who introduce real volume — structured to stay firmly inside the lines.

Paid as a placement commission routed through a registered broker-dealer selling agreement
Never paid directly to the individual — the routing is what keeps it clean
Tiered by volume, with the top band reserved for high-volume partners
Requires your firm's approval of the product before any placement

The differentiator no competitor matches

The capital comes back — bigger.

At a liquidity event, your client elects how their position returns: registered shares delivered in-kind to their brokerage account, or cash. When they elect shares, appreciated, billable equity lands back on your book — it doesn't leave your AUM, it grows it.

AUA billing bridges the hold; the share election grows the permanent base. It's a pitch the platforms and the secondary marketplaces simply can't make: your client's capital comes back to your book as appreciated, registered shares. Cash-electing clients don't return AUM — so the round-trip is a feature, not a promise.

Why advisors choose Limen

Built for fiduciaries. Proven, not promised.

Access

The names nobody else has on tap.

Curated single-name pre-IPO exposure — SpaceX and beyond — through institutionally structured vehicles. Scarce supply, not a commoditized feeder fund.

Fiduciary-first

Keep your fee-only status.

Take zero commission and bill your advisory fee on the position throughout the hold, with reporting that feeds straight into Addepar, Black Diamond, and Orion.

Lower cost

Your client pays less to get in.

We subsidize the entry load, so your client's cost basis starts lower than it would through the big alternatives platforms.

Verifiable

Prove it — don't promise it.

Every position is independently verifiable through Fund Base Camp's hash-anchored records. Your client can check the holding themselves — transparency no SPV competitor offers.

How it compares

The combination nobody else offers.

The category splits in two — big alternatives platforms and secondary marketplaces. Each leaves a gap. Limen is built across both.

	Limen Markets	Big alts platforms	Secondary marketplaces
How the advisor participates	Client advisory fee (Track A) or placement comp (Track B)	Client advisory fee only	No advisor relationship layer
Advisor keeps fee-only status	Yes — Track A	Yes	n/a
Scarce single-name access	Yes	Limited / feeder funds	Yes
AUM round-trip to your book	Yes	No	No
Independent holdings verification	Yes — Fund Base Camp	No	No
Client entry load	Subsidized / low	Feeder fee	Transaction fee, often split

Comparison reflects common structures across the alternatives and secondary-market categories and is for general illustration only; specific competing offerings vary.

Advisor enablement

Everything you need to run it like a pro.

As serious as the institutional platforms — with a trust layer none of them can match.

Investor portal

Subscription, e-sign, accreditation, and position reporting through Cash Flow Portal — the workflow your clients expect.

Reporting that bills

A position feed into Addepar, Black Diamond, and Orion, so Track A advisors can actually bill the position as AUA throughout the hold.

Verifiable holdings

Fund Base Camp hash-anchored verification — independently checkable holdings your clients can confirm themselves. Your trust trump card.

Co-branded support

Co-branded materials, a full diligence package so you can discharge suitability, and a dedicated partner contact.

How it works

From introduction to allocation.

Introduce

Tell us about your practice and your registration. We align on the right track and the names most relevant to your clients.

Onboard & verify

Your accredited clients complete subscription, e-sign, and accreditation verification through the portal. We wire up your reporting feed.

Allocate & report

Bring selected positions to your clients. The holding shows up as billable AUA — and returns to your book at liquidity when they elect shares.

The compliance spine

Built to keep you on the right side of the line.

Track A pure fee-only advisors take nothing from Limen, so there's no solicitor issue at all — the cleanest possible posture. Where any fee is paid to an advisor, it's a disclosed solicitor arrangement under the Marketing Rule, and all commission-based compensation is routed through a registered broker-dealer selling agreement rather than to any individual.

Offerings are made under Reg D Rule 506(c) to accredited investors only, and accredited-investor verification is mandatory — the advisor channel feeds verification through the portal. Every investor receives mandatory disclosure of the forward-purchase structure (no title to the underlying shares), counterparty risk, illiquidity, and lockups. Best-interest and suitability remain your obligation as the advisor; we supply the diligence pack so you can discharge it.

Ready when you are

Give your clients pre-IPO access.
Grow your book doing it.