PENSCO Wins Hedge Fund Tech Award
WealthManagement.com Staff in The Daily Brief
Last week at the 2016 HFM US Technology Awards, an annual event to recognize the top hedge-fund technology providers, named PENSCO’s Alt-Nav as the “Most Innovative Technology Solution” of the year. Alt-Nav connects financial professionals looking to raise capital with individuals investing in non-traded alternative assets using their retirement accounts. Fund managers can use it to upload investment documents electronically and invite prospective investors to review and approve them, while investors can use Alt-Nav to open and fund their account and complete an investment authorization that is pre-populated with the capital raiser’s deal information. Kelly Rodriques, the president and CEO of PENSCO, said the company is looking to expand Alt-Nav beyond hedge fund managers and private placement firms to wirehouses, independent broker/dealers and RIAs.
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