Yieldstreet - Detailed Review
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Yieldstreet - Detailed Review Contents
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Yieldstreet - Product Overview
Yieldstreet Overview
Yieldstreet is a financial services company that specializes in providing access to alternative investments, traditionally reserved for institutions and the ultra-wealthy. Here’s a brief overview of what Yieldstreet offers:
Primary Function
Yieldstreet’s primary function is to democratize access to alternative investments, allowing individuals to diversify their portfolios beyond traditional stocks and bonds. The platform manages various businesses on behalf of its investors, offering a range of asset classes such as real estate, private credit, structured notes, fine art, legal finance, private equity, venture capital, and transportation.
Target Audience
Yieldstreet primarily targets accredited investors and the mass affluent. In the U.S., this includes approximately 45 million consumers with $41 trillion in liquid wealth. However, non-accredited investors can also participate through the Yieldstreet Alternative Income Fund.
Key Features
Investment Selection
Yieldstreet offers a diverse range of alternative investments across multiple asset classes, including real estate, private credit, structured notes, artwork, legal finance, private equity, venture capital, and transportation.
Account Minimum
The minimum investment typically starts at $10,000, although some deals may have higher minimums.
Fees
Fees range between 1% and 4% annually, with additional costs usually covered by income from the investments before distributions.
Dividend Frequency
The frequency of payments varies by investment, ranging from monthly to quarterly.
Transparency and Support
Yieldstreet is transparent about the deals it offers, the due diligence process, and the fees charged. It also provides customer support through phone, email, live chat, and chatbot.
Investment Management
Yieldstreet’s professionals conduct rigorous due diligence, selecting only about 9% of the deals they review for their members. Investments are managed passively, with updates provided to investors.
Educational Tools
The platform offers educational resources to help investors make informed decisions and take control of their financial futures.
By providing access to these alternative investments, Yieldstreet aims to help individuals generate income outside traditional public markets and create more inclusive financial products.
Yieldstreet - User Interface and Experience
User Interface
Mobile App Design
Yieldstreet’s mobile app, particularly version 3.0, has been refreshed with a modern and intuitive design. The user interface now incorporates modern usability patterns, making it easier for investors to find and explore investment opportunities. The app features a clean and simple navigation system, with reorganized offering pages and a refreshed activity feed. This redesign ensures that detailed information about Yieldstreet offerings and user portfolios is easily accessible without the need to switch between multiple tabs.Ease of Use
Beginner-Friendly Design
The platform is designed to be beginner-oriented, making it very easy for retail investors to sign up and start exploring investment opportunities. The signup process is straightforward, involving a quick questionnaire to assess the investor’s comfort level with alternative investments and their accreditation status. This process helps in providing a menu of potential offerings that fit the investor’s profile. The overall interface is user-friendly, allowing investors to browse investments and review relevant documents with ease.User Experience
Consistent Across Devices
Yieldstreet’s mission is to make alternative investing accessible and simple for retail investors. The mobile app mirrors the desktop investing platform, ensuring a consistent experience across different devices. The app’s improvements include better handling of complex user flows through the use of layers, which helps in orienting users during the account setup process. Feedback from users and internal stakeholders has been integral in refining the design and interaction, ensuring that the experience is as intuitive and predictable as possible.Additional Features
Enhanced Functionality
The platform includes features such as detailed offering pages, an improved activity feed, and easy access to informative articles and the user’s Yieldstreet wallet. These enhancements are the result of feedback from users and the efforts of the engineering and investor relations teams to create a seamless and user-friendly experience.Conclusion
In summary, Yieldstreet’s user interface is designed with simplicity and intuitiveness in mind, making alternative investing more accessible and easier to manage for its users. Yieldstreet - Key Features and Functionality
Yieldstreet Overview
Yieldstreet is a comprehensive platform that offers a wide range of alternative investment opportunities, leveraging technology to make these investments more accessible and manageable. Here are the main features and how they work:Multiple Alternative Investment Options
Yieldstreet provides access to various alternative investments, including real estate, private credit, structured notes, fine art, legal finance, and transportation. This diversity allows investors to spread their risk and potentially increase returns by investing in different asset classes.Accredited and Non-Accredited Investor Access
While most of Yieldstreet’s offerings are available only to accredited investors, the Yieldstreet Alternative Income Fund is accessible to both accredited and non-accredited investors. This fund invests across all of Yieldstreet’s asset categories and requires a $10,000 initial investment.Account Types and Flexibility
Investors can use various account types, such as individual, joint, IRA, self-directed 401(k) accounts, partnerships, and corporations. This flexibility allows investors to integrate their alternative investments into their overall financial strategy.User-Friendly Interface
The platform is known for its transparent and easy-to-use website and mobile apps. Investors can easily explore different investment opportunities, filter deals based on criteria like growth, income, or balanced opportunities, and review detailed information about each investment.Rigorous Due Diligence
Yieldstreet’s professionals review a large number of potential deals and only select about 9% of them for investment opportunities. This rigorous due diligence process aims to ensure that the investments offered are of high quality and meet certain standards.Passive Investment Management
Once an investment is made, Yieldstreet manages the investment on behalf of the investor. The invested cash is tied up for a specified lock-up period, but the investment is designed to generate annual returns in the form of income or interest, which are distributed to the investor’s Yieldstreet account.Fees and Expenses
Yieldstreet charges an annual management fee ranging from 1% to 4%, depending on the investment. The Alternative Income Fund has a management fee of 1% plus administrative fees up to 0.50% annually. These fees are clearly outlined on the website for each deal.Educational Resources
Yieldstreet offers a range of educational materials, including a detailed FAQ section, blog posts, articles, investment and research analysis, educational videos, and webinars. These resources help investors make informed decisions and understand the various investment options available.Customer Support
Customer support is available through phone, email, live chat, and chatbot. This level of support helps investors get assistance quickly and efficiently, although some users have reported mixed experiences with customer service.Automated Investing and Technology Integration
While Yieldstreet does not heavily emphasize AI-driven automation in its core functions, it does leverage technology to streamline the investment process. The platform is automated, allowing for efficient management and reporting of alternative investments. This automation helps in comparing, selecting, and managing alternatives at scale, which is crucial for growth-oriented firms.Partnership and Expansion
Yieldstreet has expanded its reach through partnerships, such as the one with Luma Financial Technologies, which provides advisors with access to Yieldstreet’s broad offerings and additional management and reporting tools. This collaboration enhances the platform’s capabilities and accessibility for a wider range of investors.Conclusion
In summary, Yieldstreet offers a comprehensive platform for alternative investments, with a user-friendly interface, rigorous due diligence, and a range of educational resources. While it does not specifically highlight AI-driven automation, the platform’s use of technology to manage and report investments efficiently is a key feature. Yieldstreet - Performance and Accuracy
Evaluating the Performance and Accuracy of Yieldstreet
Performance
Yieldstreet has shown notable performance in recent years. In 2022, despite it being one of the worst years for traditional portfolios, Yieldstreet reported a net annualized return of 7.36%, significantly outperforming the S&P 500’s -19% return. The platform also announced a record-breaking year with $1 billion invested and $600 million returned in 2022. Historically, Yieldstreet’s investments have yielded an average net realized return of 9.7% using an internal rate of return (IRR) methodology for all matured investments, excluding their Short Term Notes program, from July 1, 2015, through December 1, 2022.Accuracy and Reliability
While Yieldstreet’s performance data looks promising, there are some limitations and areas for improvement:Targeted Returns vs. Actual Performance
Yieldstreet’s target interest or returns are based on analyses of potential inflows and outflows, but there is no guarantee that these targets will be realized. Actual performance can deviate significantly due to various factors such as market conditions, portfolio management decisions, and modeling errors.Limited Historical Data
It is challenging to dig into Yieldstreet’s historical performance comprehensively, as each deal is unique and different from others. This makes it difficult for investors to make informed decisions based on past performance.Lack of Liquidity
Investments on Yieldstreet are generally illiquid, with capital and interest typically locked up for three or more years. This lack of liquidity can be a significant drawback for many investors.Investor Expertise
Investors are expected to make informed decisions on unique and often esoteric investments, such as litigation settlements or fine art, which can be intimidating for those without specialized knowledge.Areas for Improvement
Transparency and Information
There is a concern about the lack of detailed information regarding Yieldstreet’s investments and their success rates. More transparent and detailed reporting could help investors make better-informed decisions.Regulatory Investigations
Yieldstreet is currently under investigation by multiple government agencies, which raises concerns about the platform’s compliance and reliability.Diversification and Offerings
While Yieldstreet provides access to unique alternative assets, the current offerings are limited. Investors seeking broad diversification may need to wait for new deals to become available, which can take time. In summary, Yieldstreet has demonstrated strong performance in certain areas, particularly in comparison to traditional market returns. However, it is crucial for potential investors to be aware of the potential risks, the lack of liquidity, and the need for careful consideration due to the unique and often complex nature of the investments offered. Yieldstreet - Pricing and Plans
Yieldstreet Pricing Structure
Yieldstreet, a platform for alternative investments, has a pricing structure that varies based on the type of investment and the investor’s status. Here’s a breakdown of the key aspects of their pricing and plans:
Account Requirements and Minimum Investments
- To start investing on Yieldstreet, you need to open an account, which is free to join. However, the minimum investment typically ranges from $10,000 to $25,000, depending on the deal structure.
Fees
- Yieldstreet charges an annual management fee that ranges from 1% to 4% of the assets under management, varying by each investment opportunity. These fees are clearly outlined on the website for each specific deal.
Investment Options and Fees
- Accredited Investors: These investors have access to a wide range of alternative investment products, including real estate, private credit, structured notes, and more. Each investment has its own management fee, which can range from 1% to 4% annually.
- Non-Accredited Investors: These investors are limited to the Yieldstreet Alternative Income Fund, which has a management fee of 1% plus administrative fees up to 0.50% annually.
Additional Expenses
- Besides the management fees, investors also pay certain expenses related to their investments, which are typically covered by the income or interest generated by the deal.
Specific Plans
- Yieldstreet Alternative Income Fund:
- Available to both accredited and non-accredited investors.
- Minimum investment: $10,000.
- Management fee: 1%.
- Administrative fees: Up to 0.50% annually.
- This fund provides quarterly distributions and a dividend reinvestment program (DRIP).
Liquidity and Term
- Investments on Yieldstreet are generally illiquid, meaning the invested cash is tied up for a certain lock-up period, which can range from several months to several years.
Features and Accessibility
- The platform is accessible via the website or mobile apps for Android and Apple devices.
- Investors can filter investment opportunities based on criteria such as growth, income, asset class, minimum investment amount, term duration, and account eligibility.
In summary, Yieldstreet does not offer free investment options; all investments come with associated fees and minimum investment requirements. The platform is primarily suited for accredited investors seeking to diversify their portfolios with alternative assets, although non-accredited investors can participate through the Alternative Income Fund.
Yieldstreet - Integration and Compatibility
Yieldstreet Integration Overview
Yieldstreet integrates with other financial tools and platforms in several key ways, ensuring a seamless and user-friendly experience for its investors.Integration with Equity Trust
One of the notable integrations is with Equity Trust, a leading self-directed IRA custodian. Through Equity Trust’s new WealthBridge portal, users can securely connect their Equity Trust accounts to Yieldstreet directly from the myEQUITY portal. This integration eliminates the need for manual account setup, forms, or approvals, allowing investors to start investing in Yieldstreet opportunities within minutes. Once connected, all investing activities are managed on the Yieldstreet website or app, and funding from the Equity Trust account is automatically wired to Yieldstreet upon making an investment.Mobile App Compatibility
Yieldstreet offers a mobile app available on both Android and iPhone, allowing investors to invest and monitor their portfolios on the go. This app provides the same functionality as the website, enabling users to browse available investment opportunities, manage their accounts, and stay updated on their investments from their mobile devices.User Interface and Platform Design
The platform is designed for ease of use, with an intuitive interface that provides clear insights into investment opportunities, including their relative risks. Investors can easily browse and select investments, allocate capital, and manage their portfolios through a user-friendly dashboard available on both the website and the mobile app.Strategic Partnerships
Yieldstreet has strategic partnerships, such as the one with Citi, which enhances its ability to offer a wide range of investment opportunities across various asset classes, including real estate, aviation, shipping, and structured credit products. These partnerships help in scaling the investment volume and providing access to institutional-grade assets for retail investors.Investment Recommendations and Management
Yieldstreet’s platform uses a proprietary algorithm and a custom risk classification system to match investors with curated investment opportunities. Investors can set their preferences through a short questionnaire, and the algorithm will suggest the best matches from the available offerings. This process ensures that investors can easily find and invest in opportunities that align with their risk tolerance and investment goals.Conclusion
In summary, Yieldstreet’s integration with other financial tools, such as Equity Trust, and its compatibility across different platforms and devices, including mobile apps, make it a versatile and accessible option for investors looking to diversify their portfolios with alternative assets. Yieldstreet - Customer Support and Resources
Yieldstreet Customer Support
Customer Support Options
- Phone Support: Investors can contact Yieldstreet’s customer service team by phone at 844-943-5378. This provides a direct and immediate way to address any questions or concerns.
- Email Support: Yieldstreet offers multiple email channels depending on the nature of the inquiry. For questions about specific investments, you can email investments@yieldstreet.com. For general inquiries, you can use the email option available through the website’s ‘Contact Us’ tab.
- Live Chat: Yieldstreet provides live chat support, allowing users to get quick responses to their questions directly through the website.
- Chatbot: In addition to human support, Yieldstreet also uses a chatbot to assist with common inquiries and provide immediate responses.
Additional Resources
- Help Center and FAQs: Yieldstreet has a detailed Frequently Asked Questions (FAQ) section that covers various topics such as getting started, setting up an account, and exploring investment offerings. This resource helps users find answers to common questions quickly.
- Educational Materials: The platform offers a range of educational content, including blog posts, articles, investment and research analysis, educational videos, and webinars. These resources cover topics like tax-loss harvesting and investing in different asset classes, helping investors make informed decisions.
- Onboarding Process: Yieldstreet’s onboarding process is streamlined to ensure compliance with KYC/AML laws. This involves creating an account with your email address and phone number, followed by an identity verification process. For some investment opportunities, accreditation is required, which may involve uploading tax returns.
By providing these multiple channels of support and a wealth of educational resources, Yieldstreet aims to ensure that its users have a smooth and informed experience when investing in alternative assets.
Yieldstreet - Pros and Cons
When Considering Yieldstreet as a Platform for Alternative Investments
Here are the key advantages and disadvantages to keep in mind:
Advantages
Diverse Investment Options
Diverse Investment Options: Yieldstreet offers a wide range of alternative investments, including real estate, marine finance, litigation funding, art, and commercial debt. This diversity allows investors to spread their risk and potentially increase returns.
Low Correlation to Stock Market
Low Correlation to Stock Market: The investments on Yieldstreet have a low correlation to the stock market, which can help in diversifying a portfolio and acting as a buffer during market volatility.
Asset-Backed Investments
Asset-Backed Investments: All investments on Yieldstreet are backed by collateral, such as real estate or other physical assets, which provides a level of protection for investors in case of borrower default.
Transparent Listings
Transparent Listings: Yieldstreet is transparent about the terms of each deal, including payment schedules, fees, and expenses. This transparency helps investors make informed decisions.
Multiple Account Types
Multiple Account Types: Investors can use various account types, including individual, joint, IRA, self-directed 401(k) accounts, partnerships, and corporations. This flexibility is beneficial for different investment strategies.
Interest on Cash
Interest on Cash: Yieldstreet pays interest on cash held in their platform through the YieldStreet Wallet, which is a unique perk not offered by many other platforms.
Strong Historical Returns
Strong Historical Returns: Yieldstreet has a strong track record of returns, with a net annualized return of 9.7% since 2015, which is higher than traditional stock and bond portfolios over the same period.
Disadvantages
High Fees
High Fees: Yieldstreet charges fees ranging from 1% to 4% annually, along with other flat annual expenses. These fees can significantly impact the net returns for investors.
Low Volume
Low Volume: The platform has a low volume of deals compared to competitors, with new deals appearing about once a month. This can be a limitation for investors looking to deploy large amounts of capital consistently.
No Direct Interaction with Sponsors
No Direct Interaction with Sponsors: Investors cannot interact directly with the sponsors of the investments, which can lead to communication issues and a lack of direct information about the deals.
Inadequate Due Diligence Materials
Inadequate Due Diligence Materials: Some investors have complained about inadequate due diligence materials and poor communication from the platform, which can make it difficult to get urgent information or resolve issues.
Lock-up Periods and Illiquidity
Lock-up Periods and Illiquidity: Investments on Yieldstreet are subject to lock-up periods ranging from three months to five years or more, and they are not liquid. This means investors cannot modify or cancel their investments during this period.
Customer Service Issues
Customer Service Issues: There have been complaints about slow customer service and poor communication, which can be frustrating for investors dealing with issues or seeking urgent information.
By weighing these pros and cons, potential investors can make a more informed decision about whether Yieldstreet aligns with their investment goals and risk tolerance.
Yieldstreet - Comparison with Competitors
When considering Yieldstreet in the context of finance tools and alternative investment platforms
It’s important to highlight its unique features and compare it with similar products.
Unique Features of Yieldstreet
- Yieldstreet offers a diverse array of alternative investment opportunities, including real estate, legal finance, marine finance, crypto, commercial and consumer finance, and art finance. This diversity allows investors to spread their risk across multiple asset classes.
- The platform is primarily aimed at accredited investors or those with a net worth of at least $1 million, but it also provides access to non-accredited investors through its Prism fund, which allows investment in multiple alternative asset types simultaneously.
- Investment terms can be as short as six months or as long as five years, offering flexibility in investment duration.
Competitors and Alternatives
Fundrise
- Fundrise is another popular platform for alternative investments, particularly in real estate. Unlike Yieldstreet, Fundrise focuses more on direct real estate investments and offers a range of eREITs and eFunds. It is accessible to both accredited and non-accredited investors, with lower minimum investment requirements compared to Yieldstreet.
- Fundrise uses a technology platform to manage its real estate investments, providing a more streamlined and automated process for investors.
DarkSquare
- DarkSquare is another competitor in the alternative investment space, though less detailed information is available compared to Fundrise. It is mentioned as a competitor to Yieldstreet, indicating it also offers alternative investment opportunities, but the specifics of its offerings and target audience are not as well-documented.
Rally.Fund
- Rally.Fund is a platform that allows investors to buy and sell shares in unique assets, such as collectibles, art, and even sports memorabilia. While it does not offer the same breadth of alternative investments as Yieldstreet, it provides a niche for investors interested in rare and unique assets.
Groundfloor
- Groundfloor is a wealth tech platform that focuses on short-term real estate debt investments. It is available to both accredited and non-accredited investors and offers SEC-qualified Limited Recourse Obligations (LROs) and other investment products. Groundfloor’s investment terms are shorter, ranging from 30 days to 36 months, and it does not charge management fees.
Key Differences
- Investment Scope: Yieldstreet offers a broader range of alternative assets, including non-real estate options like legal finance and art finance. In contrast, Fundrise and Groundfloor are more focused on real estate investments.
- Investor Eligibility: While Yieldstreet is primarily for accredited investors, Fundrise and Groundfloor are more accessible to non-accredited investors.
- Investment Duration: Yieldstreet offers more flexible investment terms, from six months to five years, whereas Groundfloor’s terms are generally shorter.
In summary, Yieldstreet stands out for its diverse range of alternative investment opportunities and flexible investment terms. However, for those looking for more accessible real estate investments or shorter-term options, Fundrise and Groundfloor might be more suitable alternatives.
Yieldstreet - Frequently Asked Questions
Frequently Asked Questions about Yieldstreet
What is Yieldstreet and what services does it offer?
Yieldstreet is a financial services company that provides access to alternative investments, previously reserved for institutions and the ultra-wealthy. It offers a diversified portfolio of vetted investment opportunities in real estate, private credit, art, legal finance, venture capital, and more. Investors can choose from various asset classes, including equity, credit, and mixed-income investments.Who can invest in Yieldstreet?
Yieldstreet is available to both accredited and non-accredited investors. However, accredited investors have access to a broader range of investment products, while non-accredited investors are limited to the Yieldstreet Alternative Income Fund, which requires a $10,000 initial investment.What is the minimum investment requirement for Yieldstreet?
The minimum investment requirement varies depending on the asset class. Generally, the minimum investment is $10,000, but some specific funds or investments may require up to $15,000. For example, the Art Equity Fund V has a $15,000 minimum investment requirement.How does Yieldstreet select its investment opportunities?
Yieldstreet employs a stringent multi-step vetting process to select its investment opportunities. Less than 10% of the billions of dollars in assets reviewed each year make it onto the platform. Each opportunity is analyzed by a dedicated team and then reviewed by independent committees to identify potential risks.What are the fees associated with investing on Yieldstreet?
The fees on Yieldstreet range from 1% to 4%, depending on the specific investment. For instance, the Yieldstreet Alternative Income Fund has a fee of 1.5%. These fees are generally higher than those associated with traditional investment accounts.How liquid are the investments on Yieldstreet?
Investments on Yieldstreet are highly illiquid, meaning that once you invest, your money is typically locked up for a specified term, which can range from several months to several years. This illiquidity is a significant consideration for investors who may need quick access to their capital.What kind of returns can I expect from Yieldstreet investments?
Yieldstreet investments have historically delivered strong returns, with a net annualized return of 9.6% since its inception in 2015. Returns can come in the form of regular interest payouts or capital appreciation, depending on the type of investment.Can I invest in Yieldstreet through retirement accounts?
Yes, Yieldstreet allows investments through various account types, including individual, joint, IRA, self-directed 401(k) accounts, partnerships, and corporations. This flexibility makes it easier to integrate alternative investments into your overall financial strategy.How transparent is Yieldstreet about its investments and fees?
Yieldstreet is transparent about the fees it charges and the risks associated with each investment. The platform provides detailed information about each opportunity, including the underlying strategy, total offering size, risks, and expected returns. Investors also receive regular updates on their investments.What kind of support does Yieldstreet offer to its investors?
Yieldstreet offers dedicated support through its investor relations team, available via phone, email, live chat, and chatbot. The platform also provides educational materials, including FAQs, blog posts, articles, investment and research analysis, and webinars to help investors make informed decisions.Is Yieldstreet a legitimate company?
Yes, Yieldstreet is a legitimate company that has been in business since 2015. It is one of the leading alternative asset platforms and has brought over 400 investment opportunities to its members, with a total value of $3.9 billion. Yieldstreet - Conclusion and Recommendation
Final Assessment of Yieldstreet
Yieldstreet is a platform that has revolutionized access to alternative investments, previously the domain of institutions and the ultra-wealthy. Here’s a comprehensive look at what Yieldstreet offers and who can benefit from using it.Key Features
- Account Types: Yieldstreet supports a variety of account types, including Individual Taxable accounts, Self-Directed IRAs, Cash Savings Accounts, LLCs, Solo 401(k), and Trusts. This flexibility makes it accessible to a wide range of investors.
- Minimum Investment: The minimum investment requirement is $1,000, which is relatively low compared to traditional alternative investment platforms.
- Investment Options: Investors can choose from a diverse range of asset-backed debt investments, including commercial and residential real estate, art, litigation funding, marine finance, and consumer and commercial finance. Short-term notes are also available.
- Fees and Returns: Fees range from 1% to 2%, with other fees applicable. Investments typically offer target returns of 8-15% and have durations ranging from 6 months to 5 years.
- Collateral and Safety: All investments are backed by collateral, such as real estate or vehicles, providing a safety net in case of borrower default. For real estate investments, most are first lien on the property, adding an extra layer of protection.
Investment Process and Transparency
Yieldstreet employs a stringent vetting process for all investments, ensuring that only a small percentage of opportunities make it onto the platform. Each investment must meet a 5-point criteria: be asset-based, have low stock market correlation, have experienced management, be short in duration, and carry high target returns. The platform is highly transparent, with clear listings of each investment opportunity, including detailed terms, payment schedules, and fees. This transparency helps investors make informed decisions.Recommendations and User Experience
Yieldstreet uses a custom classification system and proprietary algorithm to match investors with suitable investment opportunities. Investors complete a short questionnaire to help the algorithm understand their preferences, and then receive curated recommendations. This process makes it easier for investors to allocate capital and invest in multiple opportunities simultaneously.Who Would Benefit Most
Yieldstreet is particularly beneficial for:- Retail Investors: Individuals who were previously excluded from alternative investments can now access a diverse range of asset classes. This democratization of access helps level the playing field between retail and institutional investors.
- Diversification Seekers: Investors looking to diversify their portfolios beyond traditional stocks and bonds can find attractive alternatives with potentially higher returns and lower market correlation.
- Financial Advisors: Through collaborations like the one with Luma Financial Technologies, financial advisors can gain access to educational training, post-trade management, and reporting tools, enabling them to construct more diversified portfolios for their clients.