Phoenix American, a transfer agent and fund administrator for alternative investment sponsors, has partnered with Forge Trust, a provider of custody services for alternative investments, to make it easier to invest in alternative assets for IRA account holders.
Forge Trust provides custody services with preferred pricing and a streamlined integrated experience to clients of Phoenix American.
The partnership will enable Phoenix American client sponsors/issuers to offer their investors access to custody services for their qualified investment funds at rates that greatly reduce the typical effect custody costs have on net investment returns.
Investors are also set to benefit from Forge Trust’s advanced integrated investor platform and streamlined data exchange between Phoenix American and Forge Trust providing continually updated investor information.
The partnership between Phoenix American and Forge Trust will feature a technical integration to modernise the investor’s day-to-day experience.
Meanwhile, automated position files from Phoenix American will ensure that investor accounts at Forge Trust are always up to date with the latest changes, explains Phoenix American.
Patrick Hughes, president of Forge Trust, comments: “Our easy-to-navigate, transparent and secure platform guides investors through the process. White glove customer service provides any additional support they may need to complete the investment.”
Andrew Constantin, senior vice president, operations at Phoenix American, comments: “Part of our mission at Phoenix American is to help our clients make their products as accessible to investors as mutual funds.”
Constantin adds: “Our partnership with Forge Trust helps move the industry in that direction and helps continue bringing alternative investments into the mainstream.”
