Category Archives: Phoenix American

Phoenix American and WealthForge Announce Partnership to Deliver Straight-Through Processing for Alternative Investments

Phoenix American and WealthForge Announce Partnership to Deliver Straight-Through Processing for Alternative Investments

May 13, 2021 | Phoenix American

Phoenix American, a leading transfer agent and fund administration provider for alternative investments and WealthForge, a registered broker-dealer and developer of a subscription automation platform built to streamline investing in alternatives, have announced an integration partnership to provide a seamless, fully digital purchase process for client funds. The partnership will enable financial advisors to access and subscribe to alternative investment products digitally using WealthForge’s Altigo platform resulting in a complete and active investment record in the Phoenix American transfer agent system, STAR-XMS, with no manual intervention.

Streamlining the Investment Process for Alternative Investments

The partnership for straight-through processing is a key step in advancing the investor and advisor experience of the alternative investment industry. Digitizing and streamlining the investment process accomplishes three important goals: accelerating the purchase of alternative investment products, minimizing the entry and processing errors inherent in paper subscription documents, and enhancing the overall security of making an investment.

Innovation Helping to Scale the Industry

STAR-XMS’s integration with the Altigo platform, achieving end-to-end data connectivity with no paper documents, will represent a competitive advantage for client fund sponsors. Advisors will enjoy simple, transparent and efficient access to alternative investment products. Fully automated straight-through processing will help to scale the alternatives industry by eliminating the factors that discourage wealth managers and investors from considering alternative investments.

“Our goal is to make alternative investments as easy to own as a mutual fund,” said Bill Robbins, CEO at WealthForge. “Integrations with key participants in the investment process like Phoenix American are important steps toward creating a seamless experience and providing additional value to our users.”

Phoenix American, an innovator in the alternatives industry, welcomes the added efficiency of the WealthForge integration. The company’s STAR-XMS transfer agent and administration system centralizes and streamlines back-office functions and data collection to support sales efforts. The integration of STAR-XMS with the Altigo platform, eliminating the need for manual entry of subscription information, further enhances the Phoenix American back-office process.

“Phoenix American supports technological advancements that reduce costs for sponsors, increase efficiency and improve investor and rep adoption of alternative investments,” said Andrew Constantin, Senior Vice President, Operations for Phoenix American. “WealthForge is a great partner for us in reducing operational frictions for alternative investments. The Altigo platform is a technological advancement that simplifies investing and pushes the industry forward.”

About Phoenix American:

Phoenix American provides full-service fund administration, fund accounting, transfer agent and investor services as well as sales and marketing reporting to fund sponsors in the alternative investment industry. The Phoenix American Aviation ABS group provides managing agent and accounting services for asset-backed securitizations specializing in the commercial aviation leasing industry. The company was founded in 1972, has six offices worldwide and is headquartered in San Rafael, CA.

Contact:
David Fisher
309854@email4pr.com 
(310) 621-7822

Alternative Investment Exchange (AIX) and Kalos Financial Partner to Streamline Processes and Advance Alt Investing

Alternative Investment Exchange (AIX) and Kalos Financial Partner to Streamline Processes and Advance Alt Investing

AIX facilitates data connectivity across the Kalos alt investing ecosystem, benefiting wealth managers, product sponsors, custodians, and transfer agents

March 1, 2021

PHILADELPHIA AND ALPHARETTA, GA (March 1, 2021)Alternative Investment Exchange (AIX), the platform making it easy to buy, own, and sell alternative investments, and Kalos Financial (Kalos), a full-service independent financial solution firm pioneering the endowment model for individual investors, are partnering to improve the alt investing experience for financial professionals and their clients.

As an independent broker-dealer, Kalos’ products are meeting and exceeding the needs of its advisors’ clients. Partnering with AIX enables Kalos to greatly streamline its alternative investment transaction process by affording its advisors a point and click experience much the way mutual funds are traded.

“Offering AIX’s cutting-edge platform is the latest example of how Kalos continues to expand our technology offering to help our advisors grow their business and better serve their clients,” said Chrissy Lee, President and COO of Kalos.” AIX provides our advisors with an exceptional, intuitive alt investing experience, while also helping to reduce NIGO issues. We look forward to our continued partnership with AIX.”

Joining Kalos on the AIX platform are many of its sponsors and transfer agency partners. The relationship with Kalos builds upon AIX’s efforts to establish direct data connectivity with multiple transfer agents, including Phoenix American and Great Lakes Fund Solutions, Inc. (Great Lakes).

With Kalos and its partners onboarded, AIX is ensuring a fully paperless process, front-to-back, with no manual intervention that is transforming the way alternative investing is done. Several product sponsors on the Kalos network are now on the AIX platform.

“Through our digital platform, AIX is authentically connecting sponsors, advisors, and wealth managers to create seamless data-driven processes that enhance compliance and reduce friction in the alternatives space,” said Brad West, COO of AIX. “We believe this partnership is a reference point for the industry that underscores how alt business should be done. Further, this increases our network mass whereby, as more custodians, transfer agents, and product sponsors join the platform, increased value is realized by all involved.”

 

About Kalos

Co-founded by finance industry veterans Daniel and Carol Wildermuth, Kalos Financial provides financial solutions through Broker Dealer services and Investment Advisor Services to seasoned, independent, cross-licensed representatives and advisors. Learn more at https://kalosfinancial.com.

 

About AIX

Alternative Investment Exchange (AIX) is an end-to-end digital platform purpose-built to improve the processes related to buying, owning, and selling alternative investments. AIX’s technology reduces friction, mitigates risk, and creates value across all alternative investing stakeholder groups – wealth managers, asset managers, custodians, transfer agents, and fund administrators. By evolving beyond documents to make data the connective tissue between alternative investment players, AIX makes it easier to conduct business and accelerate industry growth. For more information, please visit aixplatform.com or LinkedIn: linkedin.com/company/aix-alternative-investment-exchange.

 

Media Contact: 

Mark Tordik 

Broadpath 

+1 215-644-6503

mtordik@broadpathpr.com

Phoenix American Announces New Client Partnership With New York City-Based Time Equities, Inc.

Phoenix American Announces New Client Partnership With New York City-Based Time Equities, Inc.

September 28, 2020

SAN RAFAEL, CA – Phoenix American, a leading fund administration provider, is pleased to announce its new client partnership with New York-based real estate investment and development firm, Time Equities Inc. (“TEI”). Phoenix American will fulfill the back-office operational needs of TEI with its industry-leading investor services platform featuring the state-of-the-art STAR-XMS shareholder management / transfer agent system. TEI will benefit from Phoenix American’s combination of advanced technology, partner-oriented client service and long experience with the unique operational requirements of alternative investment funds.

With the growing variety and sophistication of alternative investment funds and the increasing demands of both investors and regulators, advanced operational solutions are critical to the success of today’s fund sponsors. Phoenix American has combined the most efficient systems and precision back-office processes in alternative investments since its origins as a fund sponsor in 1972. Phoenix American’s industry-leading STAR-XMS transfer agent system is the result of the company’s direct experience as a fund sponsor as well as decades of experience as an administrator for alternative investment funds.

“We are always striving to provide the best client service possible to our investors, while at the same time managing the steady growth of our funds and investor base,” said David Becker, Senior Managing Director of TEI’s Equity Department and Member of the TEI Executive Advisory Board. “Having additional administrative support from Phoenix American enables us to keep our primary focus on sourcing assets to acquire with which to provide maximum value to our investors.”

“Time Equities is a venerable fund sponsor with a long history of success in commercial real estate,” said Andrew Constantin, Senior Vice President, Operations for Phoenix American. “We are delighted that TEI has embraced the synergies of our two companies. Our technology and investor services platform are a great fit for TEI. We look forward to working together.”

About Phoenix American

Phoenix American Financial Services, Inc. provides back-office outsourcing services including fund administration, fund accounting, investor services and sales and marketing reporting for management firms in the alternative investment industry. The Phoenix American aircraft group, including its Irish subsidiary, PAFS Ireland Ltd, provides managing agent services for asset-backed securitizations (ABS) in the commercial aircraft and engine leasing industry. Phoenix is an affiliate of Phoenix American Incorporated along with Phoenix American SalesFocus Solutions. Phoenix American has five offices worldwide, was founded in 1972 and is headquartered in San Rafael, CA.

About Time Equities, Inc.

Founded in 1966, Time Equities, Inc. (“TEI”) has been in the real estate investment, development, and asset and property management business for more than 50 years. TEI currently holds in its own portfolio approximately 33.6 million square feet of residential, industrial, office and retail property, including about 5,000 multi-family apartment units, approximately 800,000 square feet in pending acquisitions, and 1.1 million square feet of various property types in stages of pre-development and development. With properties in 33 states, 5 Canadian provinces, Anguilla, Germany, Italy and the Netherlands, the TEI portfolio benefits from a diversity of property types, sizes and markets. There are concentrations in the Northeast, Southeast, Midwest and West Coast of the U.S., and new markets around the world are always being evaluated. 

Phoenix American Releases White Paper on the Ongoing Impacts of the COVID-19 Pandemic Crisis on Multifamily Real Estate and 2020 Outlook for the Sector

Phoenix American Releases White Paper on the Ongoing Impacts of the COVID-19 Pandemic Crisis on Multifamily Real Estate and 2020 Outlook for the Sector

Report Provides Insights and Data on Rental Payments, Sales, Pricing and Considerations for Real Estate Investment Fund Sponsors

August 17, 2020

SAN RAFAEL, CA, Phoenix American, a full-service fund administration provider for alternative investment funds, has published a new white paper examining the ongoing impacts of the COVID-19 pandemic crisis on multifamily real estate across the United States. Multifamily & COVID-19 Federal Support, Rental Payments and Risk Outlook for 2020 analyzes the effects on multifamily real estate five months into the pandemic crisis and the outlook for the rest of 2020 and beyond.  

The paper draws on Phoenix American’s observations as a fund administration provider, conversations with sponsors of its many client real estate funds as well as interactions with partners, intermediaries and other participants in the industry.

Top takeaways from the report include an analysis of the effect of federal supplemental unemployment benefits, changes in renter behavior and effects on the fundamentals of the multifamily sector. 

• Federal Unemployment Support has been essential in keeping renters able to pay their rent. But with the initial round of help expired and congress deadlocked over an extension what will be the effect on multifamily?

• Forbearance Policies and several state policies have kept evictions at bay. But for how much longer? And what owner appetite is there for evicting delinquent tenants?

• Multifamily Fundamentals have been effected by changes in renter attitudes toward urban environments, remote work and living with extended family. But by how much. And will it last?

• Sales of Multifamily Properties have sagged with the pandemic shut-downs but pricing has shown a remarkable resilience.

• Long-Term Demand will depend on the permanence of pandemic-related lifestyle changes. Owners are concentrating now on keeping tenants healthy, keeping rents coming and marketing in a socially distanced environment.

With a perspective coming from the experience of alternative investment real estate funds, Phoenix American emphasizes the need for real estate fund sponsors to be able to respond operationally to pandemic-related changes in strategy with innovative and flexible back-office solutions. New approaches to fund raising, cash flow and deal acquisition employed by Phoenix American client funds are supported by a versatile and robust back office infrastructure.

 “The economic disruption brought on by the pandemic forced some real changes to the way real estate funds operate,” said Andrew Constantin, Senior Vice President, Operations for Phoenix American. “Our systems and services were designed to adapt to client needs.”

About Phoenix American

Phoenix American Financial Services provides full-service fund administration, fund accounting, transfer agent and investor services as well as sales and marketing reporting to fund sponsors in the alternative investment industry. The Phoenix American aircraft group provides managing agent and accounting services for securitizations specializing in the commercial aviation leasing industry. The company is a subsidiary of Phoenix American Incorporated along with Phoenix American SalesFocus Solutions, providers of the cloud-based MARS CRM, Sales and Marketing Reporting and Compliance Management solutions for banks, insurance companies, asset management firms and other financial service organizations. Phoenix American was founded in 1972 and is headquartered in San Rafael, CA.

 

For more information, contact Phoenix American at 1-866-895-5050 or visit www.phxa.com.

Media Contact

David Fisher
Director
dfisher@phxa.com

Phoenix American Financial Services Announces New Client Valeo Groupe

Phoenix American Financial Services Announces New Client Valeo Groupe

August 13, 2020

SAN RAFAEL, CA – Phoenix American Financial Services, Inc. (“Phoenix”) is pleased to announce its new client partnership with investment management firm Valeo Groupe Americas, LLC (“Valeo”). Phoenix will support Valeo with its industry leading investor services platform featuring the STAR-XMS shareholder management / transfer agent system as well as integrated fund accounting services. Valeo Groupe will benefit from Phoenix American’s combination of advanced technology, focus on customer service and long experience with the unique operational requirements of real estate investment funds.

Based in Charlotte, NC, Valeo Groupe Americas is a vertically integrated investment management firm specializing in the acquisition, development and management of housing communities in the student and senior niche markets. Epoch Student Living, the company’s flagship student brand, consists of cottages, townhomes and brownstones with amenity-rich spaces and dynamic student communities that celebrate the journey of every college student. Vineyard Communities, Valeo’s signature senior brand features intimate gathering areas and adventurous programming that focuses on mind, body and soul, and celebrates the seasonality of life. Valeo Groupe Americas is a division of Valeo Groupe, which offers multinational interests in student and senior living communities.  

As alternative real estate investment funds continue to grow in diversity and sophistication and with increasing demands from investors and regulators, advanced operational solutions are critical to the success of today’s fund sponsors. Phoenix American has combined the most advanced systems and efficient back office processes in alternative investments since its origins as a fund sponsor in 1972. Phoenix’s industry leading STAR-XMS investor management / transfer agent system and the company’s integrated fund accounting capabilities are the product of direct experience as a fund sponsor as well as decades of experience as an administrator for alternative investment funds.

“We are pleased to work with a dynamic firm such as Phoenix who takes our client’s needs seriously and contributes to our investment program” said Seth W. Pesek, Valeo Groupe’s CFO.

“Valeo Groupe is an innovative real estate fund sponsor committed to controlling asset quality, reducing costs, increasing delivery speed, improving operating efficiency and driving value for stakeholders; precisely the ideals Phoenix brings to our fund administration services,” said Andrew Constantin, Senior Vice President, Operations at Phoenix American. “We look forward to supporting Valeo Groupe in what we know will be their impressive growth in the years to come.”

Phoenix American Financial Services, Inc. provides fund accounting, fund administration, back-office outsourcing and sales and marketing reporting services to fund companies in the alternative investment industry. The Phoenix American aircraft group, including its Irish subsidiary, PAFS Ireland Limited, provides managing agent services for asset backed securitizations (ABS) in the commercial aircraft and aircraft engine leasing industry. The Company is an affiliate of Phoenix American Incorporated along with Phoenix American Sales Focus Solutions. Phoenix American has five offices worldwide, was founded in 1972 and is headquartered in San Rafael, CA.