Kingswood U.S., a network of wealth management firms that oversees more than $2.1 billion in client assets, has launched a digital retail alternative investments platform powered by WealthForge’s Altigo.
Built by financial technology provider WealthForge, Altigo provides financial advisors and their clients an online portal to enter information and upload required documents that generates subscription documents and delivers them via DocuSign to all relevant parties for signature.
According to the company, the all-digital process integrates alternative investment procurement and compliance, while reducing the administrative burden associated with subscriptions and mitigating the risk of not-in-good-order (NIGO) errors and related delays.
“Alternative investments are surging in popularity, and advisors are being asked more and more to include them in client portfolios,” said Douglas Blake, Kingswood U.S. managing director, who also leads Benchmark Investments Inc.’s alternative investments and insurance services arm. “However, the laborious processes that regulators require to participate in these assets can discourage both advisors and investors from considering them, and the extensive due diligence and intricate integration of these products can discourage broker-dealers and RIAs from carrying them.”
He added, “With Altigo, Kingswood U.S. has the technology to reduce the burden on compliance and operations professionals, as well as advisors and investors. This broadens the scope of investments our firm can provide, empowering our advisors to better help their clients attain their financial goals.”
Kingswood U.S. is a network of wealth management firms that includes two registered investment advisors and two broker-dealers collectively overseeing more than $2.1 billion in assets. The firm has more than 160 advisors across the United States.