Fi3 Advisors, a fee-only RIA and multi-family office, has teamed up with Opto Investments, a technology-driven platform aimed at simplifying private markets investing for independent advisors and family offices.
This collaboration is expected to enhance Fi3’s private markets programme by streamlining investment processes, consolidating performance data for client reporting, and creating a tailored annual vintage funds programme for its clients.
Managing around $1bn in assets for approximately 130 families, Fi3 serves as a central hub for its clients’ financial needs, employing an institutional approach to portfolio construction.
The firm crafts customised portfolios that align with clients’ financial plans while addressing liquidity requirements and tax considerations.
Typically, private markets investments account for 15-25% of client portfolios, and the partnership with Opto will refine these offerings, according to the company.
Through Opto’s private markets solution, Fi3’s advisors and clients will benefit from operational framework, including a single K-1, automated subscription document creation, digital signatures, and seamless integration with Fi3’s reporting software, Addepar.
Fi3 investments director Nathan Kinney said: “A core part of our investment philosophy is meaningful integration of private markets, and Opto is helping us scale that thesis.
“Private markets investing has historically been resource-intensive for us, but Opto’s platform gives us cleaner data and smoother operations, allowing us to focus on what actually matters: helping our clients achieve better outcomes.”
Opto’s portfolio construction tools are claimed to enhance Fi3’s ability to optimise after-tax returns by aligning private and public market investments.
Additionally, Opto’s pacing solution will assist Fi3 in building private market allocations over time to complement public market exposures.
Opto co-founder and chief solutions officer Jake Miller said: “At Opto, we partner with firms at every stage of their private markets journey, from those just starting out to those with established programs seeking to grow using the right technology.
“We look forward to supporting Fi3’s growth by streamlining operations and helping them efficiently expand their clients’ access to private markets vehicles.”
“Fi3 Advisors, Opto partner to streamline private markets investing” was originally created and published by Private Banker International, a GlobalData owned brand.
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