Fi3 Advisors Partners with Opto Investments to Streamline Private Markets Investing

Strategic Insights -

Fi3 Advisors, a fee-only Registered Investment Advisor (RIA), has announced a strategic partnership with Opto Investments to simplify private markets investing and servicing for high-net-worth families and executives. This partnership will enhance Fi3's private markets program, enabling the firm to centralize performance data for end-client reporting, simplify private investment workflows, and establish an annual vintage funds program tailored to the needs of Fi3's clients. With assets under management (AUM) totaling approximately $1 billion for around 130 families, Fi3 aims to deliver a family-office experience to its clients, integrating their investments with their financial plan to build bespoke portfolios that balance liquidity needs and tax circumstances.

Key Takeaways:

  • Fi3 Advisors manages approximately $1 billion in assets for around 130 high-net-worth families and executives, serving as a single point of contact for all areas of their financial affairs.
  • The partnership with Opto Investments will enhance Fi3's private markets program, streamlining workflows, centralizing performance data for end-client reporting, and establishing an annual vintage funds program.
  • Private markets investments typically represent 15-25% of Fi3's clients' portfolios, and the partnership will further modernize Fi3's private markets offerings.
  • Nathan Kinney, Director of Investments at Fi3, emphasized the importance of integrating private markets into clients' investments, stating that Opto's platform allows Fi3 to "help our clients achieve better outcomes."
  • Fi3's advisors and clients will benefit from a streamlined operational experience, including a single K-1, automated subdoc creation, digital signatures, and smooth integration with its reporting software, Addepar.
  • Opto's advanced portfolio construction tools will enable Fi3 to optimize after-tax returns and build private markets allocations over time that complement public market exposures.

Statistics:

  • Assets under management (AUM): approximately $1 billion.
  • Number of families and executives served: 130.
  • Percentage of client portfolios allocated to private markets: 15-25%.
  • Organic growth rate of Fi3's assets since 2013: 36% per year.

Sources:

  • "Fi3 Advisors Partners with Opto Investments to Simplify Private Markets Investing," Fi3 Advisors (no date specified).
  • Anon. (2023, January 3). Opto Investments Partners with Fi3 Advisors to Simplify Private Markets Investing. Opto Investments, SOURCE: Opto Investments.