Newbridge Securities Corporation, a full-service brokerage and investment banking firm based in Boca Raton, Fla., has selected Altigo as its one-stop technology solution that all its affiliated registered representatives and advisors will use when allocating to alternatives. In choosing Altigo’s straight-through processing technology to power its alts program, Newbridge joins a growing community of 300+ sponsors, broker-dealers, and RIAs that benefit from the platform’s smart workflow, speedy and accurate transaction processing, and paperless efficiencies.
The partnership ties in with Newbridge’s larger strategy of adopting digital solutions that streamline wealth management services, while enabling affiliated registered representatives and advisors to deliver a constellation of investment solutions that align with their clients’ needs and goals.
“We look forward to Altigo setting a new standard of service for our affiliated registered representatives and advisors as well as for their supervision,” said Newbridge CTO Kurosh Golchubian. “The home office is prioritizing automation of our core capabilities to up our service game and to stay in sync with rising demand for digital-first solutions. Straight-through processing provides reduced regulatory risk and the satisfaction of knowing that submissions will be in good order the first time—giving our supervisors more time to supervise rather than micromanage paperwork.”
Altigo integrates all aspects of alternative investment subscription and compliance, while significantly reducing not-in-good-order (NIGO) errors and other administrative headaches. Newbridge will manage alts paperwork and enforce suitability and best interest requirements using the platform’s Supervision Assistant functionality rather than with traditional methods such as checklists and spreadsheets. Newbridge will also benefit from having access to all firm-approved alternative investment offerings in a single white-labeled portal. The platform’s ability to integrate with popular CRM and compliance and risk management tools will advance Newbridge’s desire to build a tech stack that will attract new affiliated registered representatives and advisors and clients well into the future.
Altigo and WealthForge CEO Bill Robbins said, “We’re excited to know that Altigo’s transformative technology will provide an enterprise solution for Newbridge’s home office in addition to being a time-saving tool for their affiliated registered representatives and advisors. Placing the firm’s alts program under one roof while still routing transactions through the same supervision systems Newbridge normally uses will simplify, centralize, and de-risk suitability review and other key compliance requirements.”
About Newbridge
Newbridge Financial, Inc., as the holding company for Newbridge Securities Corporation and Newbridge Financial Services Group, Inc. provides strategic management consulting services to growth companies and explores the development of lines of business complementary to but outside of the financial services industry.
Newbridge Securities Corporation and Newbridge Financial Services Group, Inc. provides full-service securities brokerage and investment advisory, and investment banking services to a broad-based group of individuals and corporate clients. Comprised of a committed and experienced team of financial service professionals, we seek to empower our clients to build and preserve wealth by providing superior financial services and products. Newbridge Securities Corporation is an SEC-registered broker-dealer and a member of FINRA and SIPC. Newbridge Financial Services Group, Inc. is an SEC-registered registered investment adviser.
About Altigo
Altigo is the leading open network alts subscription technology used by a community of 300+ sponsors, broker-dealers, and RIA firms. The platform enables secure electronic alternative investment transactions between asset managers, wealth advisors, custodians, and transfer agents.
With over 10,000 alts subscriptions completed on the platform since its debut in mid-2019, Altigo’s adoption reflects the valuable benefits it provides to reps and advisors including diverse product offerings, nearly error-free paperwork, and lightning-fast order entry.
Altigo’s team of experienced professionals is committed to client experience, adding new features on a regular basis and helping its ever-expanding client base streamline investment workflows and eliminate reliance on outdated paper subscriptions and snail mail.
Heather Acey: April 17, 2024 at 4:35 PM
John Rickman