Sanctuary Wealth says it has rolled out an alternative investments platform for hybrid registered investment advisor practices.
The new platform, built with the software firm +Subscribe, offers a product menu, product education, capabilities for onboarding investors, electronic subscriptions, compliance controls and integrated order workflows, according to Sanctuary.
The platform “integrates with any fund manager, third-party custodian, reporting provider, or other vendor to ensure an easy and seamless workflow,” Rafay Farooqui, founder and chief executive officer of +Subscribe, said in the announcement.
The goal of developing the platform was to scale Sanctuary’s in-house manager selection across private equity, private credit and real assets and offer it to retail and institutional clients, Patrick McGowan, managing director and head of alternative investments for Sanctuary, said in the announcement.
“With our new platform, Sanctuary Wealth becomes the first hybrid RIA to offer this kind of digital access to alternative investments, where everything has been sourced and vetted by our own team rather than outsourced to a third-party vendor,” Jim Dickson, CEO and founder of Sanctuary, said in the announcement. “We believe this will be a real game-changer for our advisor partners and their clients, particularly in the current environment where traditional investments have been volatile.”
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