Mandates
Three tiers. One limit framework. The stop, the record and your right to walk away are identical whether you pay us the least or the most — because charging for those would be indefensible.
Two things legitimately differ between a principal with one mandate and a reserve desk with forty: how much you are holding, and how much of our operating team is reserved for you. Those are the only two axes we price on.
Pick by how many mandates you intend to hold in force, not by which protections you think you can live without.
One mandate, held properly
Principals and single-entity holdings establishing a first continuous mandate.
A book of mandates, under one roof
Funds, treasuries and offices running several independent mandates at once.
Institutional scale, by arrangement
Sovereign allocators, reserve desks and institutions with bespoke governance obligations.
Figures are in USD and exclude any taxes that apply where you are established. Annual engagements are available at every tier and are quoted in writing before anything is signed.
If a vendor sells you a stronger stop at a higher tier, they have told you what they think a stop is for.
In every tier
Nobody receives a weaker stop for paying less. Ceilings, tolerances and automatic stand-down are identical across all three tiers.
In every tier
Append-only, attributable, complete, and exportable without asking us. There is no premium tier of accountability.
In every tier
You can leave at the end of any term, with your full record, and without a retention conversation. Portability is not a lever we pull.
No hidden row, no footnote that reverses a column. If it is included, it says included.
| Commitment | Steward | Sovereign | Reserve |
|---|---|---|---|
| Live mandates | 1 | Up to 12 | Unlimited |
| Limit framework | Complete | Complete | Complete |
| Automatic stand-down | Included | Included | Included |
| Append-only record | Included | Included | Included |
| Export on demand | Included | Included | Included |
| Scoped administration | — | Included | Included |
| Committee reporting | Standard | On your cycle | On your cycle |
| Escalation path | Standard | Priority | Dedicated |
| Onboarding | Self-serve | Named lead | Named team |
| Contractual terms | Standard | Standard | Negotiated |
A mandate behaves the same whether it is your only one or your fortieth. Growth adds mandates; it does not alter how any single one is held.
Limit parity across tiers
Every tier receives the identical limit framework and the identical automatic stand-down.
Record parity across tiers
Append-only, attributable and exportable, at every price point without exception.
Authoring a mandate costs nothing. Holding one in force is the thing you are paying for, and you choose when that starts.
Service commitments are contractual at Reserve and published as standard terms at Steward and Sovereign. In all cases they are the same document you would be shown after signing.
The platform is engineered and measured against a 99.99% availability target.
When a decision belongs to a person, you are told promptly and told what for.
The record is append-only. We cannot revise your history, and neither can anyone else.
Export in full, at any time, without a request to us and without a fee.
The arrangement you agree to is the arrangement that persists for the term. Nothing contingent is introduced after signature, and no figure changes mid-term.
Both available at every tier. Annual engagements are quoted in writing.
Pricing holds for the full term, without exception or adjustment clause.
Leave at a term boundary with your record and without a penalty.
We started on one mandate deliberately, to see whether the stop behaved as advertised. It did, so we moved up.
Director of Investments
Endowment · United Kingdom
Twelve mandates, twelve separate records, one review meeting. That arithmetic is why we are on Sovereign.
Treasurer
Industrial group · Germany
The negotiation at Reserve was about obligations, not discounts. That told us more than the price did.
Deputy Head of Reserves
Sovereign institution · Asia-Pacific
Begin
Open an account, write your first mandate, and read it back until every limit is exactly as you intend. Arm it when you are ready — not before.
Gold AI is operated by Ventureship. Markets carry risk; every limit is yours to set.