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Company: BSW Wealth Partners
Streamlining Private Markets Workflows at BSW Wealth Partners
Discover how CAIS helped BSW Wealth Partners optimize transaction processes for their private markets investments.
The Challenge
Scaling Private Investments Across Accounts
As experienced private investors, BSW Wealth Partners previously faced the complex challenge of allocating to a single strategy or deal from multiple client accounts, each managed by different advisors.
“We would have to manually populate the subscription documents and send them out for wet signatures,” says Bachmann.
The firm needed a more efficient solution that would simplify their operations and help with their expanding client base.
The Solution
Leveraging CAIS Marketplace for Post-Trade Efficiency
CAIS stepped in to address this challenge by providing their firm with access to the CAIS Marketplace, a turnkey technology solution that incorporates research by Mercer—a global leader in institutional investment and operational due diligence.
Through the CAIS platform’s integration with reporting providers, BSW was also able to devise a reporting framework that could be adapted their needs.
"A lot of folks in our network already have existing [private markets] holdings, and it's pretty compelling when you can go to them and say that you can solve for the recording of those private assets [and] the reconciliation of the cash flows from those private assets,” Bachmann explains. “[We can] paint a better holistic picture. And then ultimately, I think that leads to the ability to advise on a broader set of assets.”
What’s Next
More Straightforward Transactions, Faster Turnaround
According to Bachmann, private markets fund subscription processes at BSW have transformed “dramatically.”
“CAIS has led the charge on a lot of fronts, including the digitization of subscription documents and so forth,” he says.
Moving forward, Bachmann sees these improvements helping streamline each advisor’s client engagement efforts. “You know once you get buy in on a strategy, the completion of subscription documents is super straightforward ... Because they don't have to scan it, we just get a much faster turnaround.”
Please note the following testimonial disclosures, as required by applicable regulations. Individuals featured work for organizations that are CAIS platform users and have received no compensation for this testimonial. Please note that no testimonial is necessarily representative of the experience of other users of CAIS, or guarantees any future investment performance or success. The views and opinions expressed by the subjects herein, as of the date published, solely reflect the views and opinions of the speaker (and not necessarily the views of CAIS or the broader financial industry) and are subject to change without notice. This testimonial is provided solely for discussion purposes for investment professional use and does not constitute an offer or a solicitation of an offer to buy or sell fund interests, securities, and/or any other financial instruments or products, or constitute a solicitation on behalf of CAIS or any investment managers,
CAIS has led the charge on a lot of fronts, including the digitization of subscription documents.
Elias Bachmann, Director of Real Assets, BSW Wealth Partners
How They Work With CAIS
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