Vestech Securities, a full-service brokerage based in St. Louis, has selected Altigo as its technology service provider to “streamline and de-risk” its alternative investment program.
In a joint statement, the companies said that the partnership supports the broker-dealer’s goal to significantly expand its representative base, concurrent with expectations that alternatives will continue to expand in importance to its business.
Vestech says all their representatives will use Altigo when allocating to alternatives to deliver investment solutions that align with their clients’ needs and goals.
“The home office is prioritizing automation of our core capabilities to scale up our services and provide a singular, centralized alts subscription process for both our new and existing representatives,” said Marco Ramirez, Vestech’s chief compliance officer. “The quick, 30-day turnaround time from signing up with Altigo to our representatives going live on the platform exceeded our expectations, and our representatives are completing transactions in minutes. Straight-through processing has already lowered our operational burdens as Vestech representatives have begun using Altigo.”
Vestech joins Altigo’s community of more than 300 sponsors, broker-dealers, and registered investment advisors that utilize the platform.
Altigo has also integrated with Redtail CRM to allow for a more efficient integration of client data into the platform.
“Altigo’s mission is to reduce the friction traditionally associated with alternative investments and help firms like Vestech connect representatives with a broad range of high-quality products and sponsors that can help investors reach their financial goals,” said Bill Robbins, Altigo’s and WealthForge’s chief executive officer. “We’re excited that Vestech representatives can now help their clients more easily explore the potential of crucial alternative asset classes.”
Vestech is headquartered in St. Louis and offers full-service brokerage and corporate advisory services to small and mid-sized businesses, registered representatives, investment advisors and their clients.
Altigo is an open network alternatives subscription technology used by a community of 300+ sponsors, broker-dealers, and RIA firms. The platform enables secure electronic alternative investment transactions between asset managers, wealth advisors, custodians, and transfer agents.