We kicked off our new video series, The Alternative Source, with Kevin Crowe, Senior Vice President, and Mat Dellorso, Managing Director, as they delve into the future plans for the SEI Altigo® Platform and its recent success.
Below is a transcript of the discussion:
Leslie: Welcome to our new series, The Alternative Source. I'm joined here by Kevin Crowe, Senior Vice President and Mat Dellorso, Managing Director. SEI delivers tech and investment solutions across the industry. We have capabilities across investment processing, operations, asset management, ultimately helping our clients power growth, make confident decisions and protect futures.
Leslie: Kevin, share a little bit about the long-term vision for the SEI Altigo Platform.
Kevin: So SEI has all these assets and we looked back and we said, "What could be our North Star?" The goal is to transform the private fund market by connecting fund sponsors with advisors and investors in a frictionless transaction process for alternative investments. We want to turn the alternative fund space into something that can be used by every investor out there that's appropriate for.
Leslie: Now Mat, Kevin kind of referenced this, we welcomed the Altigo team late 2023. Can you give us an overview of what the SEI Altigo platform is?
Mat: Yeah, happy to be a part of the SEI team. I'm one of the founders of Altigo. Altigo is an alternative investment marketplace, underpinned by really powerful subscription automation technology that allows an advisor to subscribe any client to any fund on the platform. The real goal and mission was to make doing alternative investment business easier if you could make products accessible, available, and subscribable at the click of a button like they are with mutual funds, you can grow the industry. So Altigo works with financial advisors to allow them to do the alts business they're already doing more efficiently, having paperwork be done in good order. It allows trades to be completed in minutes rather than hours or days. It removes errors and it ultimately allows for clients to get into alternative funds and positions to diversify their portfolios, to create better outcomes through their financial advisor.
So today, the platform is used by over 150, well-known fund managers and over 250 advisory firms. And we're happy to announce that we've recently crossed $4 billion of subscriptions through the technology.
Leslie: That's amazing. Cerulli recently said that the alts AUM in the US retail market is expected to grow by 1.2 trillion in the next four years, which is enormous. Kevin, what does that mean in terms of growth opportunities?
Kevin: The fastest growing segment of the investment market is going to be the alternatives. The question is how do we get quality alternatives to investors to meet those goals that we're referencing? And by being able to connect that alternative to the traditional portfolio they already have, it allows them to achieve their goal with additional investment benefits like diversification.
Leslie: That's amazing. Well, exciting opportunities ahead for sure. And encourage everyone, keep tuning in, keep an eye out for more alts-related content from The Alternative Source.
*Platform stats as of April 1, 2024.
Heather Acey: April 17, 2024 at 4:35 PM
Heather Acey