Arete Wealth, a full-service Broker-Dealer (BD) and Registered Investment Advisory Firm (RIA), has announced a new partnership with Luma Financial Technologies (“Luma”), an award-winning global independent alternative investment platform.
Through this collaboration, Arete Wealth will leverage Luma’s award-winning platform to streamline the process of buying and managing structured products and annuities for their clients.
Luma’s open architecture technology platform emerged in 2018 to serve the structured product market and extended into the annuity industry in February 2021. Luma has since developed additional tools for the platform, including Luma’s “Lifecyle Manager” which enables financial professionals to transform their structured product and annuity business, providing them with the tools to monitor performance, risk, and exposure across their clients’ entire portfolios.
“We are thrilled to partner with Arete Wealth, enabling their financial professionals to leverage our state-of-the-art technology for managing and transacting in structured products and annuities,” Donald Pogan, Chief Product Officer at Luma Financial Technologies. “Our goal is to enhance access and transparency in the alternative investment space, empowering advisors with the tools necessary to better understand, objectively analyze, purchase, and manage products on behalf of their clients.”
In addition to integrating Luma’s technology into their network, Arete Wealth will also introduce e-applications through Luma’s platform for the first time. This digitalization of the application process for annuities aims to streamline and expedite transactions, significantly reducing administrative tasks. By enhancing efficiency and optimizing workflows with faster processing and real-time updates, financial professionals can focus more on strategic planning and client engagement, ultimately leading to higher levels of client satisfaction.
“Partnering with Luma represents a significant milestone for Arete Wealth,” said Joshua Rogers, CEO and Founder of Arete Wealth. “Integrating Luma’s cutting-edge technology into our advising platform will not only broaden our investment offerings but also streamline processes and enhance the investment experience for both our clients and advisors.”
Arete Wealth is a well-established and nationally-ranked provider of alternative investing services, often notably offering access to more than 50 alternative investment products and partners on their platform.
