Axos Advisor Providers introduced it would provide its registered funding advisor purchasers higher entry to different funding alternatives via a partnership with Crystal Capital Companions.
Axos, which supplies RIAs with custody and securities clearing providers and relies in Centennial, Colo., was open to partnerships with different corporations when a mutual shopper launched them to Crystal and the work it does with options, in accordance with Amy Morris, senior vice chairman and head of Provide Technique & Enablement at Axos Advisor Providers.
“We’re at all times looking out for strategic partnerships, so, we approached Crystal Capital to study extra about their providing and the way we will serve advisors collectively,” she mentioned in an e mail.
The partnership means the 2 corporations will combine their respective platforms so Axos’ purchasers can execute individually managed non-public fund portfolios utilizing Crystal’s know-how. That features a supervisor choice software and a turn-key operational resolution, in accordance with the corporations.
“It simply continues so as to add to the listing of availability to make the lifetime of an advisor, who’s eager to carry institutional options to their certified purchasers, simpler,” mentioned Alan Strauss, senior accomplice and director of investor relations at Crystal.
Each corporations have RIA purchasers, and the partnership will give them entry to the institutional different investments on Crystal’s platform and the custodial providers of Axos, the corporations mentioned.
“This partnership advantages our mutual purchasers by broadening their funding choices via options whereas simplifying the method via a single subscription doc and consolidated Ok-1s,” Morris mentioned.
Axos’ purchasers, via using Crystal’s platform, can custody their belongings via Axos and use extra instruments than they have been in a position to earlier than together with intuitive know-how and knowledgeable consulting help. They are going to have entry to these providers via Axos’ all-in-one interface, the agency mentioned.
Crystal’s purchasers can have a look at all their belongings and handle them via a consolidated system in addition to faucet into 50 high different funding funds together with Crystal’s proprietary portfolio administration instruments, in accordance with the agency.
Crystal, which relies in Maimi, has greater than 30 years of expertise working with advisors and offering them with turn-key options to spend money on different funding merchandise. It supplies advisors with a sequence of providers together with streamlined transactional processes and built-in reporting, the agency mentioned.