The latest tech news in wealth management across the world.
FINTRX, a family office data and research platform for alternative investment and private capital markets, has launched its Dossier Builder offering, which allows users to create a portfolio of investors as they head out on fund-raising roadshows.
Data from the platform can be exported to PDF documents – often necessary for advisors out on the road – and lists of family office prospects can be shared with FINTRX team members. A list can be constructed to fit a roadshow itinerary and updated with the latest available information.
The development of the FINTRX business model (the platform launched in early 2014) is an example of how investment firms harness modern internet-driven tech to reach out to hundreds of family offices, and vice versa. Family offices can be difficult to reach because of the fragmented, discreet nature of this sector.
On the investments side, FINTRX clients include Credit Suisse, ING, Arena Investors, Lending Club Asset Management, and Oppenheimer. Asset classes covered include hedge funds, real estate, and private equity/venture capital. The platform also hooks up investment banks and private companies with family offices. Investors holding a collective total of $650 billion of assets under management operate via FINTRX.
Boston-based FINTRX says that globally there are about 2,350 family offices, rising by 23 per cent from a year before.
Earlier this year, the firm issued its new buy-side platform to the global market, called the FINTRX Buy-Side Platform, which is aimed at private equity, venture capital, investment banking, and private company clients.