[ad_1]
Opto Investments introduced a brand new “strategic” relationship with Service provider Funding Administration this week.
Opto, which got here out of stealth mode in September 2022 and on the identical time introduced $145 million in Collection A funding, was co-founded by serial entrepreneur Joe Lonsdale (additionally founding father of Addepar and co-founder of Palantir).
“The engagement provides Service provider’s accomplice registered funding advisors entry to Opto’s unique non-public market alternatives and complete software program, permitting them to raised serve their high-net-worth and ultra-high-net-worth purchasers,” in response to an announcement. “The Opto platform supplies an end-to-end resolution for RIAs to craft tailor-made non-public market funding portfolios comprising funds from coveted non-public credit score, non-public fairness, actual property, enterprise capital and infrastructure managers.”
Service provider, a self-described “non-public partnership that’s an working firm” with greater than $100 billion in property amongst its corporations, has been investing closely within the registered funding advisory sector because it launched in 2017.
Since September 2022, Opto “has grown quickly, constructing relationships” with greater than 150 RIAs throughout the nation.
“The agency will now present Service provider’s advisors with an intuitive framework for personal markets entry, enabling them entry to well-vetted managers,” in response to the corporate.
Pontera Companions With Benjamin F. Edwards
Wealth administration agency Benjamin F. Edwards introduced they have been partnering with fintech firm Pontera this week.
Pontera’s know-how permits advisors to securely and compliantly handle their consumer’s 401(ok)s, 403(b)s and different generally held-away accounts. Its platform is client-permissioned and permits advisors to handle held-away property whereas stopping them from acquiring consumer credentials or straight accessing accounts.
Final week, New York-based Pontera introduced its integration with the Envestnet | Tamarac platform. Pontera has already developed integrations with Advyzon, Carson Group, GeoWealth, Morningstar Workplace, Orion, and SS&C (Black Diamond, Wealth Platform, APX, Axys and Geneva).
Benjamin F. Edwards, the Clayton, Mo.-based brokerage, was began by the great-great-grandson of A.G. Edwards’ founder. Benjamin F. Edwards has over 700 workers, together with practically 300 advisors in 92 areas in 32 states and manages or advises on greater than $12 billion in property.
In Might 2019, the brokerage introduced they have been going after unbiased, fee-only advisors and launched a custody-agnostic company registered funding advisor, Edwards Wealth Administration.
IMTC Lands Three Funding Companies
On Feb. 1, BLB&B Advisors, LMCG Investments and Reynders McVeigh Capital Administration introduced they have been including New York-based fintech supplier IMTC’s platform “to modernize fastened earnings portfolio administration processes and allow environment friendly development,” in response to an announcement.
The three corporations have been searching for a know-how accomplice for managing fastened earnings portfolios with out rising workers.
IMTC’s know-how platform incorporates a proprietary portfolio optimization engine and rules-based allocation instruments, which might help waterfall methodologies.
THE WEALTHTECH REVOLUTION IS NOW. Obtain bolder know-how methods which might be powering a brand new technology of growth-oriented advisors at WealthStack.
[ad_2]