FactRight Announces Partnerships with Kalos Financial and BCJ Financial
A leading provider of due diligence, FactRight announces partnerships with two advisory firms to provide compliance advice and training and help them set and achieve their strategic goals.
MINNEAPOLIS, Nov. 5, 2018 /PRNewswire-PRWeb/ -- FactRight, LLC, an expert diligence, support and training solutions service for firms and advisors looking for greater success with alternative investments, announced today that it is partnering with advisory firms Kalos Financial and BCJ Financial to help expand their businesses into alternative investment platforms.
Since the great recession, investors have become more interested in nontraditional investment vehicles as a hedge against the volatility of traditional markets. However, despite consumer interest, many broker dealer and RIA firms have held back due to the complexity of working with alternatives, a term that encompasses an unusually broad range of investment types. A 2017 survey by InvestmentNews Research found that 67 percent of advisors reported that a lack of understanding discouraged them from greater allocations into alternatives.
According to FactRight President Scott Smith, availability of dedicated resources to effectively support alternatives can be challenging for firms of all sizes. Smith states, "With the overwhelming flux of data and ever-changing nature of alternatives, it's not feasible for firms to simply dabble in this business; it requires a continuous commitment to diligence and training to avoid risk."
Kalos Financial, a broker dealer based in Alpharetta, Georgia, had experienced success in alternatives on an ad hoc basis but desired to have additional support and add efficiencies to the review process of its alternative offerings. According to Kalos' EVP and due diligence officer Larry Lyons, "We had come to the realization that the amount of work needed to accommodate 1031 exchange investment opportunities was becoming problematic for us. It was slowing down the review time of other offerings we were in the middle of pursuing due to the 1031 exchange time constraints that must be met for identifying properties. By employing FactRight's full spectrum of diligence and training services, we are able to reduce the strain on our internal resources while continuing to support operational needs and growth opportunities for our firm."
BCJ Financial Group, an RIA firm with offices throughout the United States, reached out to FactRight as it considered the issues of regulatory compliance and advisor education while planning its foray into alternatives. CEO of BCJ Justin Young stated, "We knew we would need some help to effectively branch into alternatives but we didn't realize the breadth of back office support FactRight could deliver. More than reports and investment committee recommendations, we have gained an essential partner in establishing strategic direction, managing risk, and training our advisors; it's a full-service solution."
About FactRight, LLC:
Established in 2006, FactRight and its affiliated entities are leading providers of third-party due diligence, compliance, risk management, and specialized consulting services for financial firms looking to invest in alternative investments. Since its inception, FactRight has helped turn complex data into easily understandable and readily accessible information that companies can apply to grow and diversify through alternative investments. FactRight addresses the need for more risk management and due diligence support and training related to alternative investments while offering a safety net of protection and security for firms and advisors. The company is also committed to supporting reps and advisors in their quest for transferable, client-focused data. FactRight brings services like risk management and due diligence onto one cohesive platform to deliver real-time information and customized advice, along with training and support for reps and advisors to build confidence and fuel success with alternative investments.
Contact:
Scott Smith, President
FactRight, LLC
7500 Flying Cloud Drive, Ste. 755
Eden Prairie MN, 55344
info(at)factright.com
(612) 284-4034
http://www.factright.com
SOURCE PRWeb House E-Commerce
Share this article