Sanctuary Wealth, a registered independent advisor platform for growing and newly independent advisors, has announced the launch of a customized alternative investments platform for its stable of partner firms that it says, “streamlines the complexities of managing alternative investments across their full investment life-cycle.”
"With our new platform, Sanctuary Wealth becomes the first hybrid RIA to offer this kind of digital access to alternative investments, where everything has been sourced and vetted by our own team rather than outsourced to a third-party vendor," said Sanctuary founder and CEO Jim Dickson, in a statement. "We believe this will be a real game-changer for our advisor partners and their clients, particularly in the current environment where traditional investments have been volatile. By leveraging +SUBSCRIBE's end-to-end alternative investment solution to power our private markets offering, it allows us to punch above our weight, as we have since day one."
Powered by +SUBSCRIBE, a provider of software solutions for the alternative investments industry, the digital platform offers product menu centralization; product training and education; investor onboarding; electronic subscription documents; compliance controls; and fully integrated order workflows. The software is intended to enable advisors to easily make an investment in any alternative investments fund and manage client positions through the investment lifecycle from a single access point.
"We spend a lot of time on the sourcing and diligence side to form a compelling pipeline of offerings across private equity, private credit, and real assets focusing on both emerging and leading fund managers, and across open-ended and drawdown strategies," said Patrick McGowan, the managing director and head of alternative investments at Sanctuary. "Our investment in the development of this bespoke technology platform allows us to scale our in-house manager selection and deliver a best-in-class operating platform to our retail and institutional clientele."
"By using our technology, Sanctuary has delivered a custom alternative investment platform that integrates with any fund manager, third-party custodian, reporting provider, or other vendor to ensure an easy and seamless workflow," added Rafay Farooqui, founder and CEO of +SUBSCRIBE. "We are thrilled to partner with them on this important private markets initiative."
The rapidly expanding Sanctuary Wealth network celebrated its fourth anniversary last month and currently includes around 75 partner firms across 25 states with more than $25 billion in assets under advisement. The Sanctuary Wealth Group includes the fully owned subsidiaries Sanctuary Advisors, a registered investment advisor, and the broker/dealer Sanctuary Securities, as well as Sanctuary Asset Management, Sanctuary Insurance Solutions, Sanctuary Global, and Sanctuary Global Tax and Family Office.