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[INFOGRAPHIC] Altigo Embraced by the Alts Community

Post on: February 16, 2021 | Heather Acey | 0

Altigo is gaining significant traction in the alternative investment community. It has experienced tremendous growth since its mid-2019 launch, with $246 million in transactions representing 810 subscriptions submitted through the platform. The alternative investment offerings available on Altigo represent nearly 50 well-known sponsors including Inland, Bluerock, Cantor Fitzgerald, Capital Square, Greenbacker, and more. While DSTs represented a significant portion of investment product in its early days, Altigo currently supports over 100 offerings spanning a range of alternatives—such as Non-Listed REITs, Qualified Opportunity Zone Funds, Non-Listed Preferreds, Direct Private Placements and BDCs.

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2021-Altigo-Momentum

The Altigo platform has matured over the past year to include a robust feature set designed for reps, advisors, and their firms. Broker-dealers can now provide reps with access to all firm-approved offerings in one place, which facilitates increased rep productivity and compliance control. Additionally, Altigo recently completed a SOC 2, Type II audit, demonstrating the platform’s commitment to data security. This high security standard and ease of use has attracted over 60 broker-dealer and RIA firms to the platform, including Coastal Equities, Colorado Financial Services, Durbin Bennett, Emerson Equity, Great Point Capital and Provident Wealth Advisors.

Altigo’s success and high rate of both sponsor and advisor adoption is due to the meaningful results it provides. The platform reduces NIGO (not-in-good-order) error rates from 30-60 percent down to a mere 4 percent and boasts investment cycle-times of 2 days, compared to approximately 3-4 weeks on average using paper processes. Orders can be completed in 20 minutes or less, with 70% submitted for acceptance by the sponsor the same day.

In addition to a growing community of users, Altigo continues to roll out new features and integrations. The automation of custodian forms was recently announced including Pershing, RBC Wealth Management, Equity Trust Company, Mainstar Trust, Millennium Trust, NuView Trust, Vantage, CNB Custody, and now TD Ameritrade. With this feature, reps and advisors select the investment, client, and custodian during the online order entry process, which automatically pulls in required forms such as letters of authorization or direction of investment in addition to the standard subscription agreement and home office-required documents. These forms are pre-populated with information collected during order entry and compiled into a single subscription package that is automatically sent to clients for electronic signature and to the custodian, sponsor, and financial services firm for completion. Plus, Knowledge Based Authentication has been added to support a broader range of custodian electronic signature integrations.

Altigo can also now be customized with fields reflecting your unique BD/RIA firm forms, resulting in a fully completed package and single signing experience. And for any users that get stuck or have a question while using Altigo, a new chat feature has been implemented providing real-time help and support from live client success representatives.

Altigo’s growth is poised to continue throughout 2021 with even more features being added. Redtail integration will be added this month, which will help speed up the data entry process for reps and advisors by populating data directly from their CRM. We’ll also be rolling out integration with AI Insight to ensure rep training is complete if it is required by the firm before the package is sent for signature. The remainder of the year will see integrations with additional custodians, clearing firms, transfer agents and fund admins as well as more Marketplace product discovery and comparison features.

Interested in learning more about how Altigo can help your business? Contact us today.


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Disclaimer: WealthForge provides this information for educational purposes only. It should not be construed or relied upon as legal or tax advice.

About author

Heather Acey

Heather leads brand development and marketing efforts with more than 15 years of experience in design and marketing for financial services firms. Previously, she worked in US Card Acquisition at Capital One and credit card loyalty at Affinion Loyalty Group. She holds a bachelor's degree in both Marketing and Psychology from Virginia Commonwealth University.
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