Alternative Investment Exchange (AIX) Enhances Digital Alt Investing Platform with Support for On-Going Account Maintenance

  • Investment
  • 12.03.2021 10:02 am

Alternative Investment Exchange (AIX), the platform making it easy to buy, own, and sell alternative investments, has added new account maintenance functionality to its digital alternative investment platform. The new AIX account maintenance capability automates maintenance requests, mitigating tedious paperwork and manual processes.

From day one, the sole purpose of AIX has been to make alternative investments easier to buy, own and sell,” said Joseph P. Ujobai, CEO of AIX. “With the launch of account maintenance functionality to our existing enterprise alts platform, we deliver on that promise by ensuring an efficient, point and click experience for advisors who want to make alternative investments a workable option for their clients’ portfolios.”

While subscribing to alternative investments funds is an arduous process, more effort and paperwork is required to support and maintain those investments over time. Being that owning alts is a long-term strategy, common changes, such as adding new banking information, adjustments to cost basis or distribution method, and basic updates to contact information, can occur dozens of times throughout the lifetime of a single account. Each of these transactions require more paperwork and greater time spent servicing these positions than any other type of asset class.

“By removing the friction associated with both buying and owning alternative investments, advisor exception handling and paperwork can be automated, leading to time savings and improved client experiences,” said Brad West, COO of AIX.

At this week’s Blue Vault Bowman Alts Week 2021, AIX is speaking on the importance of selecting a technology partner that understands the alts business, enables growth, and has the capability to solve for the entire alternative investment lifecycle.

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