FusionIQ , a provider of cloud-based wealth management solutions , has launched a new turnkey white-label wealth management platform entitled FIQ Freedom that will work with those advisors looking to break into the independent channel and help them shorten the transition process .

The platform offers several services for advisors , including rep-as-portfolio manager tools ( which allow advisors to invest in securities for clients ), and combines them with a seamless workflow that will bring together the front , middle and back offices .

The platform ’ s features include streamlined digital compliance , which will help advisors with anti-money laundering and know-your-customer identification processes .

Orion Partners With CAIS To Put Alts On Its Platform

Wealth tech platform Orion has signed a deal with CAIS , an alternative investment platform for independent financial advisors , to give Orion ’ s advisor users , along with their clients , access to a series of alternative investment products .

Orion is seizing on the demand for alternative investment in its partnership with CAIS , which will grant advisors access to private equity , private debt , private real estate and hedge funds . CAIS , a New Yorkbased firm , launched in 2009 .

CAIS will offer Orion a turnkey platform that will provide an end-to-end pre-trade , trade and post-trade experience , according to the firm . Pre-trade includes due diligence , marketing , and access to all 125 of CAIS ’ s products , though Orion will curate it down to 10 to 15 , the firm said .

Luma Makes Annuities Available To Pershing Advisors

Luma Financial Technologies will make its annuity products available to advisors at BNY Mellon Pershing , the companies announced . Advisors who use the NetX360 + platform will have access to Luma ’ s products and its marketing and education tools .

The educational elements Luma provides will clearly explain the benefits of annuities and how they compare with other options , the firm said .

The partnership between the firms will help advisors have a better understanding of annuities in order to use them more in their client portfolios . Luma will update advisors on potential changes taking place within the accounts after the execution of a trade . That could include reminders of a potential withdrawal date or a rate renewal in one of the products .

Fidelity Introduces Its First Options-Based ETFs

Fidelity Investments launched its first options-based ETFs . The Fidelity Dynamic Buffered Equity ETF ( FBUF ), the Fidelity Hedged Equity ETF ( FHEQ ) and the Fidelity Yield Enhanced Equity ETF ( FYEE ) each start with an underlying common core U . S . equity strategy that aims to outperform the S & P 500 . From there , the three funds differ in investment styles and goals .

The hedged equity ETF protects against any sudden and meaningful market drawdowns . The enhanced equity ETF delivers positive distribution yield by harvesting options that originated through covered call writing . And the third ETF brings together both call-writing and put-buying overlays , the firm said .

The buffered and hedge equity ETFs each have an expense ratio of 0.48 %, while the enhanced equity ETF is 0.28 %.

Cohen & Steers Converts Fund For New Energy Approach

While most energy strategies invest either in traditional forms of energy , like fossil fuels , or in alternative forms , Cohen & Steers is taking a new approach by investing in both simultaneously .

The firm has converted its Cohen & Steers MLP & Energy Opportunity Fund ( MLOIX ) into the Cohen & Steers Future of Energy Fund . It will invest at least 80 % of its net assets in equity securities of energy companies , including traditional , alternative , renewable and clean energy companies , natural resource companies , utilities and companies in associated businesses .

Park Avenue Securities Launches New Private Client Group

The broker-dealer and corporate RIA of the Guardian Life Insurance Company of America , Park Avenue Securities , announced it will be launching a new private client group to work with high-net-worth clients and address their specific goals .

The New York-based firm is making the new private client group available to those clients at no additional cost and will offer lines of credit based on securities , alternative investments , personalized investment management solutions , structured products , and cash management offerings , according to the firm .

In addition , it will provide personalized services that will originate from firms that partner with Park Avenue . Those services will meet the needs of the wealthy clients and include things such as philanthropy services , business owner solutions , trusts and jumbo mortgages .

14 | FINANCIAL ADVISOR MAGAZINE | JUNE 2024 WWW . FA-MAG . COM