Arete Wealth, a full-service broker-dealer and RIA with more than 100 offices across the country, is entering the direct-to-consumer digital wealth race.
Thanks to a technology licensing agreement with cloud-based wealth management software provider FusionIQ and the support of digital trading platform DriveWealth’s custody and clearing services, the firm is launching a new platform called Arete Investments.
In addition to stocks, bonds, mutual funds, ETFs, money managers and customized investment strategies in both brokerage and advisory environments, officials say Arete Investments also gives consumers access to Arete’s bespoke alternative investment platform.
That platform currently features more than 60 offerings from dozens of sponsors including artwork, hedge funds, private equity, venture capital, real estate and more.
Mark Healy, CEO of FusionIQ, said he is excited to work with Arete as they “extend their history of investment innovation into the digital domain.”
“We’re delivering flexible technology solutions to power a diverse spectrum of investment opportunities,” he said in a statement. “Empowering investors, be they high-net worth or direct retail, to navigate the digital investing landscape with unwavering confidence is key to success, and this transformation takes place at a critical juncture as more firms commit to becoming digital wealth leaders.”