May 29, 2018
MINNEAPOLIS, May 29, 2018 /PRNewswire/ - RBC Wealth Management-U.S., one of the nation's largest full-service wealth management firms, is taking some of the mystery and difficulty out of alternative investing with a new digital alternative investment platform for high-net worth clients.
Developed in partnership with Artivest, an award-winning alternative investment management and technology solutions provider, RBC Wealth Management's cloud-based investment platform gives financial advisors and their clients access to leading private equity and hedge funds across sectors, stages and styles. The platform also provides a streamlined process to complete the investment subscription process making it easier to bring alternatives into investors' portfolios.
Alternative investments have historically been difficult for financial advisors to offer to qualified clients for three primary reasons: high investment minimums; a tedious, paper-intensive subscription process; and non-transparent, inaccessible fund data. RBC Wealth Management entered into this arrangement with Artivest to address these barriers, bringing the benefits of alternatives to high-net-worth individuals; a streamlined, online subscription process, and accessible fund information and analytics.
Since launching the alternative investments platform, RBC Wealth Management has processed four times the number of investments compared to before the platform's launch, with no increases in their operations staff or expenses.
In today’s volatile, yet innovative, global markets, alternative investments play an important role in building successful and diversified portfolios for high-net-worth investors.
Bryan Mullin, U.S. Head of alternative investments – RBC Wealth Management-U.S.