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ImpactAssets Drops Investment Minimums, Fees, Adds New Funds: Portfolio Products

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ImpactAssets slashed investment minimums on its private debt and equity investment options to $10,000 and flattened administrative fees to 0.40%.

The changes, which went into effect March 1, are designed to break down the barriers to deep impact investing for donors within the ImpactAssets Giving Fund, its donor advised fund.

In addition to dropping fees and minimums, ImpactAssets added two new private debt funds to it growing roster of investment solutions that open access to impact investments in ecoforestry, climate change solutions, sustainable food and agriculture, underserved small business owners, the growing middle class in emerging markets and more.

Ecotrust Forests III (EFIII) is a new long-term investment vehicle targeting commercial forestland in the western U.S. that have unique social and environmental attributes.

The other new fund is Community Investment Management (CIM), an institutional impact investment firm providing strategic debt capital to scale and demonstrate responsible innovation in lending to small businesses and underserved borrowers in the United States.

Northern Trust Strengthens Private Equity Audit via Blockchain Technology with PwC

Northern Trust, which launched the first commercial deployment of blockchain technology for private equity in February 2017 , announced that audit firms can now carry out audits of private equity lifecycle events directly from the blockchain.

The latest enhancement allows an audit firm to have its own blockchain node, providing access to relevant fund data to enable real-time audit capabilities.

Northern Trust, working with PwC and other audit firms in Guernsey, has proved that auditors can now access fund data held on the private equity blockchain to audit specific events.

This development gives audit firms access to a “golden copy,” or immutable master record, of the fund’s data from their own offices.  Audit firms can then either transfer the required data into internal applications to complete the audit process or develop new tools that allow them to complete the audit directly from the blockchain itself.

Continuing development of the audit capabilities and the automation of the audit process by PwC will allow audits to be completed in real time as lifecycle events occur. This will help ensure that audits are more streamlined and efficient, increasing transparency of the underlying transactions to the audit firms.

AlphaCore Capital Launches New Wealthtech Tool

AlphaCore Capital launched factorE, a wealthtech tool built for intelligent investing.

Powered by machine learning, factorE uncovers the risks and exposures of multi-asset portfolios through visual simulations on a single, easy-to-use interface. AlphaCore designed factorE to help advisors, portfolio managers and analysts better understand the factors impacting today’s diverse portfolios.

The factorE tool allows advisors to build and analyze portfolios with easy to digest visuals that instantly illustrate the risk factors of a portfolio and expose risks that previously may have been hidden.

factorE allows users to look at a variety of risk factors including equity, duration, momentum, value, and credit, along with alternative risk factors like trend following, illiquidity, and hedge fund crowding. This new tool augments more traditional returns-based analysis with machine learning capabilities, enabling users to handle traditional strategies alongside alternative strategies such as long/short equity, relative value, event driven, managed futures and option writing.

factorE has been beta-tested by a cross-section of financial advisors, broker-dealers, bank trusts, family offices and turnkey asset management platforms and is available now at a monthly and annual subscription.

RobustWealth Adds Powerful Direct Indexing to Digital Wealth Platform

RobustWealth, a digital wealth management platform built by and for financial advisors, will offer direct indexing on its platform in May 2018.

The new feature will be available to all advisors and enterprises on the RobustWealth platform.

The RobustWealth direct indexing tool will allow advisors’ clients to invest directly in pooled securities, like an ETF or mutual fund, while minimizing potential fees or lost tax benefits.

The direct indexing interface enables individual investors to identify the security characteristics that are important to them. From there, the advisor monitors the automated portfolio construction and rebalancing tasks through the RobustWealth platform, which carefully screens all securities to eliminate potential risks and ensure the client’s desired criteria is met.

Oranj Expands Suite of Diverse Investment Solutions for Advisors

Four asset managers — First Ascent Asset Management, Marsico Capital Management, OppenheimerFunds, and SpiderRock Advisors — now host model portfolios and funds on the OranjMAX platform developed by Oranj.

OranjMAX is a free, end-to-end wealth management software providing advisors with access to a solution that can help reduce some product and technology fees.

OranjMAX combines Oranj’s client-facing engagement and account aggregation tools with institutional-grade trading and rebalancing software from TradeWarrior Software, which Oranj acquired majority ownership in April 2017. In addition, OranjMAX can remove multiple layers of fees by offering direct access to model portfolios and funds from investment managers, along with powerful portfolio management tools to incorporate these strategies into investor portfolios, on a single platform.

Other asset managers hosting model portfolios and funds on OranjMAX include BlackRock, Direxion, ETF Securities, and Frost Investment Advisors.

Dynasty Financial Partners Launches Seminar and Thought Leadership Program ​

Dynasty Financial Partners launched “The Next 5,” an educational seminar series and thought leadership platform designed to help existing RIAs increase their growth, profitability and enterprise value.

The Next 5 seminar and networking event series will take place across the U.S. beginning in Spring 2018 and will include panel discussions and one-on-one workshops.

The Dynasty Financial Partners Next 5 platform provides growth-minded RIAs with insight and guidance on five different tactical areas of their practice:

  • How to achieve greater organic growth
  • How to strategically access the expanding M&A market
  • How to enhance productivity, profitability and the client experience through technology
  • How to use succession planning and equity ownership as a catalyst for growth
  • How to institute a financial foundation to ensure long-term sustainable growth and success while maintaining control of your company

Dynasty Financial Partners now has more than 40 network advisory firms who advise on more than $25 billion in client assets.

Check out  T. Rowe Price Launches Multi-Strategy Total Return Fund: Portfolio Products on ThinkAdvisor.


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