Envestnet, Dynasty Report Strong Demand for ASx Platform: Tech Roundup

"In an era with thousands of ETFs, mutual funds, stocks, and model portfolios to choose from, Magnifi demystifies and simplifies investing, providing insights and information that enable users to make investment decisions in areas that they understand and find relevant and interesting," it explained.

AltsAxis Launches Alternative Investment Platform

AltsAxis has launched a proprietary mobile technology ecosystem that it said connects all parties across the alternative investment industry on one centralized platform.

The company is led by a veteran team of experts with decades of experience in the alternative investment sector, including Mark Salameh, co-founder and former CEO of Context Summits. AltsAxis was formed to "fill the unmet need for a one-stop shop where family offices and institutional allocators can find unconflicted, real-time data on alternative asset managers, and fulfill all their sourcing requirements for these asset classes," it said.

The proprietary AltsAxis solution initially includes: the AXIS Platform, serving as a one-stop shop where family offices, pensions, endowments, foundations and other institutional investors allocating to alternative investments can securely access up-to-date data on a wide range of alternative strategies and managers; and a proprietary social network that it said "enables allocators and managers to securely foster relationships and share information on an ongoing basis — from the convenience of their hand-held devices."

Starting in the fall, LiveAxis, the events offering of AltsAxis, will host in-person events to complement the AXIS platform, it said.

Redtail to Relaunch In-Person Training

Redtail Technology has expanded its training department and will relaunch its Redtail University in person next year, it said Wednesday.

After over a year of successful RTU Online training sessions for Redtail Technology users, those interested in attending its educational offerings in person will be able to do so starting in 2022, it said.

Rick Williamson, who was managing training team lead at the fintech, has been promoted to director of training. He has been given his own department to "lead after a decade of dedicated service in training," Redtail said.

Rick and his team led a dozen RTU Online sessions since March 2020 and have two more slated before the end of summer, it said. Since Redtail University's first session in 2008, there have been more than 105 in-person learning opportunities through these events around the U.S., it said.

Mammoth Scientific Launches Venture Capital Fund

Mammoth Scientific, a health science and technology venture capital firm, announced the launch of a $100 million venture capital fund.

"Mammoth's competitive edge comes from its creation of venture capital investment pathways for the highly underserved RIA advisory market," it said. The U.S. RIA market manages more than $5.7 trillion, but it has "historically been hindered from providing venture capital investments to clients due to regulatory challenges, uncertainty around risk and how to best engage clients," it said.