Axxcess Platform announces the rollout of a platform allocation tool

CARLSBAD, Calif., Aug. 30, 2019 /PRNewswire/ — The Axxcess Platform (“Platform”), an enterprise turnkey asset management platform (TAMP), run by Axxcess Wealth Management, LLC (“Axxcess”) announced today the completion of a co-development project with HiddenLevers, a premiere risk tech provider serving the wealth management space, to launch an end-to-end portfolio management solution for the Platform.  The Axxcess Allocator is the result.

“HiddenLevers was the missing piece we needed to complete the Axxcess Platform,” said Cory Persson, CFA CFS Director of Investments for Axxcess. “Our Platform partners and advisors can go start to finish with a client in one system: digitally aggregate a prospects current accounts without the need for a paper statement, establish risk; analyze holdings; blend advisor directed strategies, third party SMA strategies, along with private equity, private credit and hedged investments with the Axxcess Allocator; and implement the strategies digitally with e-signature of the allocation acceptance document directly to the client. Advisors will now have more time to focus on scaling their business, and strive to deliver a rich client experience.”

Details of the Deal

The Platform offers an end-to-end tool that allows advisors to blend third party managed strategies, private equity, hedge funds, and directed strategies into a solution that aims to create a seamless experience to optimize advisor to client proposals and contract lifecycle management.

HiddenLevers offered Axxcess a partnership approach to accomplish a key strategic goal. As the first HiddenLevers client to use this functionality, the Platform offers a next-level, integrated solution that incorporates big data to measure millions of relationships between the economy and investments. HiddenLevers’ research team integrates scenarios to model recessions, crises, and other economic events, using historical research and analysis on how economic indicators are correlated. Advisors with 10m or more of AUM using the Platform are provided this new tool at no cost when they onboard.

About HiddenLevers
HiddenLevers is a technology platform, providing next-level applications, business intelligence, risk analytics and economic research for the wealth management space. With nearly $500 billion in assets on its platform, HiddenLevers offers client experience and home-office solutions aimed at financial advisors, asset managers, and wealth management executive teams. The cloud-based platform includes a macro-scenario library, proposal generation, portfolio stress testing, model construction, and enterprise monitoring of risk, revenue, and KPI. HiddenLevers was founded in 2009 and remains a self-funded company, with headquarters in Atlanta.

About Axxcess Platform

Axxcess integrates third party investment managers alongside real estate, private equity, and hedged investments to create a unique UMA/TAMP Platform to transform Wealth Management practices. The Axxcess Platform is built for the experienced advisor looking to improve its current RIA platform, or as an operational solution for a high caliber professional thinking of going independent and seeking a seamless transition. The Platform offers advisors open architecture, with a full array of wealth management and investment advisory services that aims to move a practice upstream. Axxcess combines true alternatives like private equity, private credit, hedge funds and directed real estate alongside traditional SMA strategies.

The Platform is designed for 3c(1) and 3c(7) clients and the advisors that serve them.

Contact information: For more information about Axxcess Platform: 866-217-5607

Website: https://axxcessplatform.com/

The subject matter contained herein has been derived from several sources believed to be reliable and accurate at the time of compilation, but no representation or warranty (express or implied) is made as to the accuracy or completeness of any of this information. Under no circumstances should this information be construed as a recommendation or advice. The views expressed herein reflect the professional opinions of Axxcess Wealth Management, LLC, and are as of the date referenced above and are subject to change.

About Axxcess Wealth Management, LLC: Axxcess is a leader in tailoring a full suite of customized portfolio services.  The Axxcess Platform integrates third party investment managers alongside real estate, private equity, and hedged investments to create a unique UMA/TAMP framework that it deploys across RIA, BD, and direct channels.

Advisory services provided by Axxcess Wealth Management, LLC (AWM), an Investment Adviser registered with the SEC. Advisory services are only offered to clients or prospective clients where Axxcess Wealth Management, LLC and its Investment Advisor Representatives are properly licensed or exempt from registration.  Securities are offered by Arete Wealth Management, LLC member FINRA, SIPC, NFA.

SOURCE Axxcess Platform

Related Links

https://axxcessplatform.com/

 

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Axxcess Wealth Management named one of the Fastest Growing RIAs in the Country

Axxcess Wealth Management has been named as the 10th fastest growing RIA firm in the country! Working with Axxcess will give you:
  • Each managed strategy is called a sleeve strategy and is tracked in our system as a separate account.
  • Performance reporting at the household, registration, account, security and strategy levels.
  • Rich content is customized in both report and web interfaces allowing the client and the Advisor to view the information how they want to see it.
  • Implement investment strategies using institutional separate account managers.
  • Blend ETF, fixed income, and mutual funds in the same account as your managed strategies.
  • Report, monitor and analyze hedge fund, private equity, and real estate within the same report portal.
The Axxcess Platform Integrates with many existing technologies to create efficiency across your practice. We want to work with you! Work on a per account, segment of client, or a fully integrated basis. Enhancing your business does not require you change everything you are doing all at once. https://www.fa-mag.com/news/financial-advisor-s-top-10-fastest-growing-rias-of-2019-50711.html
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Post-Tax Day “Get a Grip” Golf Tournament

Axxcess Wealth Management is once again one of the sponsors of this year’s Post-Tax Day Golf Tournament on April 16th, 2019. This tournament is an organized, casual, entertaining afternoon of golf with fellow professionals, including CPAs, EAs, attorneys, financial advisors, bankers, and risk professionals.

Please join us and use this opportunity to network and mingle with fellow industry professionals. Click here to register.

 

 

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Lyft files with SEC for long awaited IPO

“We’ve been waiting for a long time and with great anticipation for Lyft to finally file for an IPO. And, boy, the ride-hailing giant did not disappoint.

According to documents filed with the Securities and Exchange Commission, Lyft’s financial performance has surpassed our general expectations regarding growth and, perhaps more surprisingly, pathway to profitability.

The company said it generated $2.16 billion in revenue last year, which represents a compound annual growth rate (CAGR) of 151 percent since 2016. Moreover, Lyft has controlled costs better than we expected with a mild CAGR of 16 percent over the same period.” Says Alejandro Ortiz,  a Research Analyst, Private Investment Research for SharesPost Research LLC. Prior to joining SharesPost, he was a Valuation Analyst at Duff & Phelps with a focus on TMT industries.

According to SharesPost “The universe of private companies has expanded because companies are choosing to stay private longer since they have access to growth capital that was not available in the past. The ability for individual investors to invest in private companies can be challenging. Lack of liquidity, high minimums, and lack of access to venture or private equity institutional investors are all hurdles that challenge individual investors.”

Axxcess began  to follow SharesPost in the third quarter 2018 and they were a invited to be presenting sponsor at our annual Axxcess Advisor Conference in November, in Carlsbad California to introduce their strategy to the professionals working on the Axxcess Platform.

Individual investors interested in private companies to a closed end, continuously offered  mutual fund which is available at most brokerage firms, called the SharesPost 100 Fund Class I (PIIVX).   To read more about a fund that invests in private companies, and is invested in Lyft, please follow the link below. The link below contains information, including the funds prospectus, which details the funds risks and expenses.  Risks of investing in non-public companies are significant, including the risk of losing the entirety of your principal, and are not suitable for everyone. Please reach out to your Advisor for more information on your particular situation of if you want to learn more. Past performance is not an indication of future returns.

For the link, click here.

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Stay Ahead Of The Curve By Investing In Next Generation Internet

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Do you remember life before the internet? Back when you had to look up businesses in the Yellow Pages and call your out-of-state relatives to know what was going on in their lives? It really wasn’t that long ago. So much has changed in such a short period of time.

Think of how many companies exist today that couldn’t have existed before the internet. Think of how many jobs the internet has created, how it has fueled the economy, and how much money investors have made by investing wisely in the emerging technology and various ways of doing business.

Though the internet may seem like last century’s news, it is still morphing and growing, allowing investors to get in on the ground floor for this century’s technological and business innovation.

Web x.0: Next Generation Internet

What does this century’s internet look like? Not AOL, that’s for sure!

Today we are seeing a change in infrastructure to cloud-based models and mobile technology. Gone are the days of desktop computers and installing expensive software. Today’s generation wants the freedom to both work and play wherever and whenever they like. The rising use of shared technology and internet-based products and services represents a shift that could prove very profitable to investors who recognize it.

We have moved from accessing the internet through our computers to using our cell phones and smartwatches. And we are not the only ones connecting to the internet. Our cars, appliances, even our thermostats now connect and exchange data electronically. This is called the Internet of Things, a network of physical devices embedded with electronics, software, sensors, actuators, and connectivity that integrate the physical world into our computer-based systems in order to make our lives easier. This is the internet of tomorrow.

We are living in the Information Age, and information is only getting more important. In fact, we have so much of it at our fingertips that it has led to the rise of big data, where advanced data analytics are used to extract value from the vast stores of data now available to us. Big data has turned internet marketing upside down and is also used to recognize business trends, fight crime, and even prevent disease. All of this information has also led to the rise of artificial intelligence, where our technology is continuously learning and improving, carrying us further into the future.

Investing In The Future

The future of the internet, data, and technology is very exciting. And you can become a part of it without being an IT specialist or a data analyst. As an investor, you can help fund today’s innovations to make tomorrow a better place.

At Axxcess Wealth Management, we have access to the ARK Web x.0 ETF. This is an electronically traded fund that focuses on the internet of the future, investing in companies that develop, produce, and enable:

  • Cloud computing
  • Cybersecurity
  • E-commerce
  • Big data
  • Artificial intelligence
  • Mobile technology
  • Internet of Things
  • Social platforms
  • Blockchain
  • P2P, or peer-to-peer computing

If you would like more information about investing in Web x.0 and how this ETF might fit into your portfolio, call us at 858.217.5347 today.

 

About Kevin

Kevin Manzo is a Financial Advisor with Axxcess Wealth Management. Kevin’s services are especially valuable to business owners, high-income and high net-worth professionals and their families. After 12 successful years as a portfolio manager and advisor, Kevin has the knowledge and experience to help clients protect what they’ve worked for, enjoy a comfortable retirement, and leave the legacy they choose for their heirs. Along with his Bachelor’s of Business Administration degree in Finance from Chapman University, he also holds the Accredited Investment Fiduciary® credential, signifying his commitment to upholding a high level of fiduciary care for his clients. Based in Fullerton, California, he serves families and business owners throughout North Orange County and Los Angeles. Learn more by connecting with Kevin on LinkedIn.

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Stress Testing Your Portfolio

2007 was a landmark year as the 9th of October marked the peak of the stock market (Dow Jones). Crunchy leaves weren’t the only thing beginning to fall in October, though. This time also marked the beginning of a significant decline.

Backtrack a few years to 2001. Following 9/11, the U.S. stock market experienced a bull market from 2002-2007. Then in March 9th, 2009, the market bottomed out with the Dow down 54% since October 2007. Maybe people lost their jobs. Others lost their retirement savings.

Stress Testing For Declines

Understanding the past declines in the stock market can certainly help you temper expectations and stress test your portfolio. Stress testing is a method for exploring how your portfolio will perform during a financial crisis. This is widely used by the banking industry and finance professionals.

The banking, credit, and real estate industries were to blame in the 2008-2009 decline in the market, but there are measures that could have been taken to prevent a crash. Many analysts admit that the lack of proper asset allocation and stress testing contributed to bigger losses for individual portfolios.

Stress Testing With The Monte Carlo Simulation

The Monte Carlo Simulation (or Monte Carlo Method) is a popular simulation to stress test and guess certain outcomes in a portfolio, used in the finance industry. This method helps you see the possible outcomes of your decisions and assesses the impact of risk. In retirement, the Monte Carlo Simulation is valuable in determining the probability of running out of money, based on various asset allocations.

Let’s look at a stress test example for a retirement portfolio. When planning for retirement, the first step, although an obvious one, is to determine how much savings you’ll need to live comfortably in retirement. Most people don’t realize that the accumulated amount isn’t the important number, but rather the income it will generate in retirement.

Example Of Stress Testing Your Portfolio

As an example, an investor saves $1 million and plans to retire in five years. Let’s assume a 5 percent withdrawal rate at retirement, giving this investor $50,000 annually of income. Now let’s also project (or stress test) a 25 percent loss in the portfolio. The new accumulated asset will be $750,000, which will now generate $37,500 annually. This is a loss of more than $1,000 of retirement income every month! Utilizing a Monte Carlo Simulation or other method of stress testing, one could plan with possible ways to minimize loss and risk.

Perhaps if a simulation shows the portfolio increasing in a certain asset class, and reducing in another asset class, the portfolio may lose only 15 percent of value rather than the 25 percent previously suggested. This might be increasing or decreasing in a sector or industry, such as oil or real estate. Rather than a sector, it may be changing the allocation for equities, bonds, hedge funds, or options. We also utilize tactical managers in addition to our own internal approach.

Prepare With Stress Testing

There is no way to predict with certain what the stock market may do in the future, but through stress testing your portfolio with simulations you can certainly be prepared. We can show you a snapshot of your current portfolio and the probability of reaching your goals, therefore allowing you to make changes to improve your chances of success. You can call me direct at Axxcess Wealth Management at 858.217.5347 and we’d love to help you.  Click here to take a risk survey to see how financially prepared you are.

About Kevin

Kevin Manzo is a Financial Advisor with Axxcess Wealth Management. Kevin’s services are especially valuable to business owners, high-income and high-net-worth professionals and their families. After 12 successful years as a portfolio manager and advisor Kevin has the knowledge and experience to help clients protect what they’ve worked for, enjoy a comfortable retirement, and leave the legacy they choose for their heirs. Along with his Bachelor’s of Business Administration degree in Finance from Chapman University, he also holds the Accredited Investment Fiduciary® credential, signifying his commitment to upholding a high level of fiduciary care for his clients. Based in Fullerton, California, he serves families and business owners throughout North Orange County and Los Angeles. Learn more by connecting with Kevin on LinkedIn.

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