InspereX Teams With Luma, SUBSCRIBE to Launch Aria Alts Platform
The bustling alts investment tech space has gotten more crowded with InspereX, a Delray Beach, Fla.-based distributor of fixed-income, structured products, ETFs and alts, teaming with Luma and SUBSCRIBE to launch Aria, a tech portal aimed at RIAs that will feature fixed income, structured products and alternative investments.
InspereX already operates the BondNav platform, which focuses on fixed-income investments. Luma is a fintech platform for institutional and retail investors that specializes in annuities, life insurance and structured products. SUBSCRIBE is a fintech that has worked to automate and digitize the investment process for alternatives.
“The future is in collaboration. By bringing together premier solutions from Luma, SUBSCRIBE, and InspereX that all support maximized efficiency and optimized workflows, we’re helping RIAs tap into a wide range of non-correlating assets on one platform,” InspereX CEO Scott Mitchell said in a statement. “Aria empowers RIAs who focus on building custom portfolios with access and insights that can help deliver enormous value to their clients. We’re proud of Aria and look forward to seeing the positive impact it has on our clients’ success.”
“By combining Luma’s technology with InspereX’s expertise, we’re helping financial professionals deliver more personalized, outcome-driven strategies that create real value for their clients,” Luma CEO Tom Bonacci said in a statement. “We see this as another important step forward in expanding access to structured products and driving continued growth across the marketplace.”
“Our goal has been to rebuild the critical infrastructure and data layers required for processing private market fund transactions as the entire industry scales up—much of which is driven by wealth managers increasing their allocations to the asset class,” SUBCRIBE Founder and CEO Rafay Farooqui said in a statement. “We are excited to deliver the SUBSCRIBE technology to help make InspereX’s Aria initiative a success.”
The platform launch comes at the tail end of a busy year of development on the tech side meant to ease adoption of private market investments in the wealth space.
Other recent moves include Concord, Calif.-based AssetMark’s formal launch of private market investment options on its platform; Charles Schwab Corp. agreeing to buy Forge Global Holdings Inc., a marketplace for buying and selling shares of private companies; KKR, Apollo Global Management, Franklin Templeton and Morgan Stanley, signing onto Corastone, a blockchain platform that provides digital infrastructure connecting GPs, wealth managers and fund administrators; and alts platform CAIS announcing expanded partnerships with Envestnet, Orion and Vestmark.
link
/cloudfront-us-east-1.images.arcpublishing.com/morningstar/DZEDEORGTFD3LHOHW53OJBRLIU.jpg "Blue Owl Offers a Harsh Lesson for Semiliquid Fund Investors")
