SPV Management Services

WSFS SPE Services, LLC is a provider of comprehensive solutions for special purpose vehicles (SPVs), also known as special purpose entities (SPEs). Our SPV management services offer independent director, commercial domicile, and registered agent services. Our solutions for special purpose entities include corporate record keeping, bank account maintenance and reconciliation, and board meetings and minute preparation.

Our Services

Independent Director Services

An independent director plays a crucial role in the functioning of SPV by serving on its board of directors. WSFS SPE Services, LLC can provide you with an independent director that can assist your SPV in a wide variety of SPV transactions, including structured finance, credit, real estate, or asset-backed securitization transactions.

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Commercial Domicile Services

A commercial domicile is the headquarter of an SPV in which management discusses and manages business activities. Our services help SPVs set up commercial domiciles by offering office space, employees, officers, directors, and administrative services. This service is available in both Delaware and Nevada.

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Registered Agent Services

A registered agent is a person or business who can accept legal documents and government notifications on behalf of a special purpose entity. WSFS SPE Services, LLC can serve as your registered agent to ensure that your SPV is functioning in accordance to the law. This service is available in both Delaware and Nevada.

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Our SPV Management Solutions

Corporate Governance Services:

Springing and special members
Independent Director
Company formation/qualifications
Corporate administrative services
Preparation for local and state filings
Corporate record keeping
Conference room facilities
Mail processing and forwarding

Entity Management Services:

Bank account maintenance and reconciliation
Board meetings and minute preparation
Telephone answering and message services
Shared or private office space

Trust us to create and manage an SPV that can meet your goals and become a successful component of your planning strategy.

How Do SPVs Work?

Also known as a special purpose entities (SPE), the SPV must conduct business in its own name, hold itself out as a separate entity and maintain an arm’s length relationship with any affiliates.

Special purpose vehicles are formed in conjunction with:

real estate finance transactions
tax and risk management strategies
project finance transactions
trademarks and intellectual property protection
bankruptcy remote entities
holding company investment portfolios
asset-backed securitizations
collateralized debt obligations
life insurance securitizations
and other types of special purpose vehicles

The SPV’s organizational documents and/or transaction documents should include separateness covenants designed to provide legal comfort that the SPV will operate as an independent entity.

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Frequently Asked Questions

What is SPV Management?

SPV management is the administration of necessary business functions to keep the parent and subsidiary companies separate from each other, in order to fully meet all legal requirements.

What is an SPV and why is it established?

An SPV is a subsidiary created by a parent company to isolate financial risk. Its legal status as a separate company makes its obligations secure even if the parent company goes bankrupt. The SPV's assets, liabilities, and equity will be recorded on its own balance sheet so the financial information of the SPV may not appear on the parent company's balance sheet as equity or debt.

What are examples of an SPV?

A company operating in the SBA sector enters into a securitization to collateralize SBC (small balance commercial) loans. The issuing entity is a Delaware Statutory Trust (DST) and a Delaware/Nevada SPV is the Depositor. The Depositor purchases the loans from the Originator. The Trust issues certificates to the Depositor for the loans and the Depositor sells the Certificates to investors.

Why Choose WSFS?

Serving our communities since 1832, WSFS Bank is one of the ten oldest banks in the United States continuously operating under the same name. How do you get to be nearly 200 years old in a world that's constantly changing? For us, the answer has always been the same: create a team of Associates who are passionate about serving the community, and success will follow. Our Mission and Values serve as essential reminders about who we are and how we do business.

Investment Products: Are Not FDIC Insured | May Lose Value | Are Not Bank Guaranteed