Investment research and technology provider FusionIQ has added more than 30 alternative investment products on its workstation through the integration with Galaxy Plus.
The deal adds managed futures, commodities, hedge funds, foreign equities, real estate and derivatives contracts to FusionIQ’s investment platform that caters to qualified investors that can invest at minimums as low as $50,000.
Galaxy’s managed account platform offers a highly liquid process officials say and includes manager transparency info such as due diligence reports, daily data on exposure and attribution analysis, daily performance reporting and more.
“Today’s financial services firms need a digital solution that can hold a portfolio of diverse asset classes in one location,” said Mark Healy, CEO of FusionIQ, which offers its workstation to banks, credit unions, RIAs, broker dealers and wealth managers. “Our partnership with Galaxy Plus allows us to expand our workstation into alternative investments and meet the growing demand for these investments, all while being able to maintain the assets inside a traditional portfolio.”
FusionIQ pairs a traditional advisor-driven experience with the convenience of a digital investment platform that allows investors to manage portfolios on a self-directed basis or via a digital advisor experience.
“By providing access to these funds in a very streamlined, digitized manner, we’re able to remove a lot of the friction that comes with private investments,” commented David Young, president of Galaxy Plus. “This integration creates an incredible distribution opportunity for the fund managers we partner with. We’re looking forward to introducing them to the growing number of investors on FusionIQ’s platform.”