PHILADELPHIA CREAM, May 25, 2022 /PRNewswire/ — Alternative Investment Exchange (AIX)the platform making it easy to buy, own and sell alternative investments, integrates with The Sycamore Company (“Sycamore”) to bring effective alternative investing within the reach of advisors. Sycamore is a provider of cloud-based financial technology solutions that enable back-office brokerage and RIA operations.
This partnership immediately offers wealth advisors using Sycamore a fully integrated alts experience with their clients’ account information and reporting. A single connection between the two systems allows advisors to work seamlessly and efficiently from a single point of access. Once fully integrated, data will flow bi-directionally from Sycamore to AIX, ensuring records are always in sync and eliminating delays and overhead that would otherwise come from manual reconciliation.
AIX is unique among alternative investment platforms because it creates direct data connections with the systems used by every stakeholder involved in the transaction – brokers, advisers, custodians, fund managers, transfer agents and administrators. By seamlessly moving data into each party’s systems, AIX automates the process of translating and delivering information in a way that meets each partner’s needs and requirements.
“AIX is the best way to effectively buy, own and sell alternative investments,” explained Brad West, AIX COO. “We enable advisors to quickly and easily allocate alternative investments to their clients’ portfolios. Our partnership with Sycamore further fulfills this mission. When representatives using Sycamore want to take advantage of alternative investments, all they need to do is click a button. to access the AIX environment.”
Sycamore provides all the data and functionality independent brokers, advisory firms and hybrid companies need to recruit, manage and pay advisors, meet compliance and audit requirements, and keep advisors connected, all within of the Salesforce ecosystem. The native, end-to-end, cloud-based Salesforce solution collects data from the right sources and normalizes it into a single database, making it accessible to multiple applications while ensuring the highest level of security.
The partnership was initiated by joint AIX-Sycamore client Infinity, a modernized wealth management company designed to provide affiliated financial advisors with flexibility and regulatory support in running their practice. The company selected Sycamore and AIX as cutting-edge technology solutions that enable financial advisors to better serve their clients.
“Adding direct access to the most powerful alternative investment platform on the market supports our promise to keep advisors and their teams connected and productive,” explained Mike Overdorf, president of Sycamore. “Infinity leverages our technology in a number of areas, including compensation, processing, compliance, monitoring, and opening new accounts. As a native Salesforce platform, once a customer record is created, the associated data is accessible everywhere. This now includes alts.”
About the Sycamore Company
Sycamore Company is a cloud-based, data-driven financial services software company that helps independent brokers and RIAs increase operational workflow efficiency, reduce compliance and regulatory risk, improve customer onboarding experiences and streamline actionable insights. Built on the Salesforce platform and used by operations, compliance and oversight managers, executives, agency managers and advisors, Sycamore combines standards-based data with on-demand configurable workflows to revolutionize processes such as advisor compensation, recruitment and supervision, compliance, monitoring and CRM. , as well as data analysis and business intelligence. For more information, visit https://sycamorecompany.com.
Alternative Investment Exchange (AIX) is an end-to-end digital platform specifically designed to improve the processes associated with buying, owning and selling alternative investments. AIX’s technology reduces friction, mitigates risk and creates value for all alternative investment 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 do business and accelerate industry growth. For more information, please visit aixplatform.com or LinkedIn: linkedin.com/company/aix-alternative-investment-exchange.
SOURCE Alternative Investment Exchange