(Photo: Michael Nagle/BB)
Allianz Global Investors joined Oranj's model marketplace for financial advisors, adding active asset management to the growing wealth management technology platform.
AllianzGI is a "valuable addition to the Oranj wealth management platform," according to Oranj CEO and founder David Lyon. "Their commitment to active asset management has enabled them to develop deep and long-term relationships with clients that create and share value," he said in the announcement.
Active asset manager AllianzGI has more than 790 investment professionals in 25 offices globally and manages $608 billion in assets for individuals, families and institutions, the companies said.
The Oranj platform "directly complements our mission to provide the best possible client experience for the RIA community," according to Will Abbott, head of RIA US at AllianzGI.
Kentucky Whiskey Fund To Launch
Los Angeles RIA and asset management firm Wave Financial Group joined forces with Kentucky-based Wilderness Trail Distillery to create the Wave Kentucky Whiskey 2020 Digital Fund.
The tokenized U.S. whiskey barrel fund will enable investors to "diversify into an asset that is not normally considered investable, but offers attractive potential returns as bourbon whiskey goes through the ageing process in barrel," the companies said in a joint announcement.
