Close Close

Portfolio > Portfolio Construction

AllianzGI Joins Oranj's Model Marketplace: Portfolio Products

Your article was successfully shared with the contacts you provided.

Allianz Global Investors joined Oranj’s model marketplace for financial advisors, adding active asset management to the growing wealth management technology platform.

AllianzGI is a “valuable addition to the Oranj wealth management platform,” according to Oranj CEO and founder David Lyon. “Their commitment to active asset management has enabled them to develop deep and long-term relationships with clients that create and share value,” he said in the announcement.

Active asset manager AllianzGI has more than 790 investment professionals in 25 offices globally and manages $608 billion in assets for individuals, families and institutions, the companies said.

The Oranj platform “directly complements our mission to provide the best possible client experience for the RIA community,” according to Will Abbott, head of RIA US at AllianzGI.

 Kentucky Whiskey Fund To Launch

Los Angeles RIA and asset management firm Wave Financial Group joined forces with Kentucky-based Wilderness Trail Distillery to create the Wave Kentucky Whiskey 2020 Digital Fund.

The tokenized U.S. whiskey barrel fund will enable investors to “diversify into an asset that is not normally considered investable, but offers attractive potential returns as bourbon whiskey goes through the ageing process in barrel,” the companies said in a joint announcement.

The fund will be made accessible alongside Wave’s other digital asset funds, with a tentative launch date of April 30, according to the fund’s website. Fees will include an acquisition fee of 5% upfront, a management fee of 1% a year and a performance fee of 15% a year. The minimum investment will be $100,000 for qualified investors and $250,000 for accredited investors.

Since 2010, sales of whiskey have “consistently grown year-on-year, driven by consumer preferences shifting towards higher end spirits and growing global demand,” the companies said.  Kentucky bourbon production capacity has been “notoriously scarce due to the spirit’s growing demand,” Wave and Wilderness Trail Distillery said.

The two firms are “creating a brand new market for the trading of aging whiskey,” they said. To do this, the Wave Kentucky Whiskey 2020 Digital Fund will hold newly filled barrels of premium Kentucky Bourbon whiskey and store them throughout the aging process, they said.

Voya to Offer Student Loan Debt Solution

Voya Financial will offer Vault’s student loan benefit platform as an optional service to its workplace clients.

The initiative is part of Voya’s “broader focus and efforts to address the financial wellness needs of Americans,” it said. The new capabilities “build on Voya’s existing digital retirement planning services, including its financial wellness offering” and myOrangeMoney online interactive educational offering, according to Voya.

The new relationship “comes at a time when more Americans are seeking resources to help pay off debt as fast as possible — without sacrificing saving for retirement,” Voya said.

Voya’s research has found that 96% of people with student loan debt would be “likely or very likely to save more for retirement if they felt like they had their student debt under control,” according to Charlie Nelson, CEO of Retirement and Employee Benefits at Voya Financial.

— Check out last week’s portfolio product roundup here: TradePMR Enhances Fusion Custodial Platform for RIAs: Portfolio Products


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.