Chicago-based Great Point Capital is now relying on Proteus to provide the firm’s independent investment advisors, broker-dealers and insurance agents with access to alternative asset classes.
The firm plans on using the Indianapolis-based Proteus platform to sort and search managers and investments, review due diligence materials, model, back-test and construct alternative/private fund portfolios with just a single login.
Proteus was launched in 2014, and when Alternatives Watch caught up with CEO Eric Knauss earlier this year, the platform totaled 32 top tier private/alternative funds, including Greenspring Associates funds of funds.
The alternative funds on the platform can be accessed by both qualified purchasers and accredited investors through a single sign-on to the Proteus platform. Minimums are as low as $50,000 and $100,000, according to platform marketing documents.
“We are thrilled to partner with Great Point Capital and help them expand their recently launched wealth management business,” said Knauss. “Our model portfolios will enable Great Point Capital’s advisors and investors to diversify their asset allocation strategies, and our essential education offering will ensure they gain an understanding of where alternatives fit within their broader portfolios.”
Great Point has recruited 60 advisors who now have access to the Proteus platform.
Jim Lynch, managing director and head of advisor recruiting at Great Point Capital, said, “With Proteus’ diversified suite of non-correlated assets, Great Point Capital’s advisors will be equipped with the tools they need to build customized alternative investment portfolios for their investors.”
According to Proteus, advisors can interface with a variety of custodians and portfolio accounting systems via the platform. They can also allocate for their clients into any investment option on the platform in customizable increments to suit the needs of each client’s portfolio.
Proteus charges advisors a straightforward asset-based capital fee.