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Kingswood US launches digital alternative investments platform for retail investors

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Kingswood US, a network of wealth management firms that oversees more than USD2.1 billion in client assets, has launched an enhanced retail alternative investments platform. 

The new platform is part of the firm’s broader strategy for investing in cutting-edge resources that elevate the financial advisor service experience, while enabling its advisors to seamlessly deliver the widest possible array of institutional-quality investment solutions that align with their clients’ needs and goals. The fully digitised platform is powered by fintech WealthForge’s alternative investments subscription solution, Altigo.
 
Mike Nessim, President and Managing Partner of Kingswood US, says: “Through our new strategic partnership with WealthForge, we are delivering significant value add to our financial advisors in the form of our new, fully digitised retail alternative investments platform. With interest rates nearing zero and extreme valuation swings across public equity markets, retail investors are increasingly demanding investment solutions from their financial advisors that generate yield, create increased diversification and drive enhanced risk management. By streamlining access to institutional-quality alternative investments, we are providing advisors with the tools they need to more effectively serve their clients and grow their business on a scalable basis.”
 
Built by financial technology provider WealthForge, Altigo provides financial advisors and their clients an online portal to enter information and upload required documents that automatically generates customised subscription documents and delivers them via DocuSign to all relevant parties for signature. The all-digital process integrates every aspect of alternative investment procurement and compliance, while significantly reducing the administrative burden associated with initiating 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,” says Kingswood US Managing Director Douglas Blake, 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. With Altigo, Kingswood US 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.”

WealthForge CEO Bill Robbins says: “Our mission is to reduce the friction traditionally associated with alternative investments and connect advisors with a broader range of products and sponsors that can help investors attain their financial goals. We are excited that Kingswood US advisors are now able to help their clients more easily explore the potential of crucial alternative asset classes.”

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