Altigo Year in Review
December 21, 2020 | Heather Acey | WealthForge
With the arrival of the pandemic, 2020 brought a substantial shift in the way business is conducted. Firms that allocate to alts had figure out a new way to get paper-based subscription documents to clients for signature, then routed from there to the other parties involved.This ushered in a sweeping change in the alts industry—electronic processing for alternative investments went from a nice to have, to a necessity.
Our alternative investment platform, Altigo, has enabled sponsors, reps and advisors to continue to conduct their alts business electronically in today’s remote work environment. Being well-positioned to meet the growing need for paperless solutions in alternative investments, Altigo experienced tremendous growth throughout the year. First announced in mid-2019, $200 million in transactions representing 600 subscriptions have been submitted through the platform. Altigo currently supports nearly 100 offerings spanning a range of alternative investment products—such as 1031 Exchange DSTs, Non-Traded REITs, Qualified Opportunity Zone Funds, and BDCs— with 40 new offerings added to the platform just last quarter.
The alternative investment offerings available on Altigo represent 50 well-known sponsors including Inland, Bluerock, Cantor Fitzgerald, Capital Square, Greenbacker, and more. While Altigo began with alternative product sponsors in mind, the platform matured over the past year to include a robust feature set designed specifically for BD firms. Most notably, broker-dealers can now provide reps with access to all firm-approved offerings in one place, which facilitates increased rep productivity and compliance control. This ease of use has attracted seven new broker-dealers to the platform this year, including Coastal Equities, Colorado Financial Services, Emerson Equity, Great Point Capital and Lightpath Capital.
Blue Vault has been an important partner to Geneos in providing us and our advisors pertinent information about non-traded products and the industry as a whole. The annual BD Summit is a valuable due diligence experience for any broker dealer."