1031 The DST sponsor leverages the AIX platform to automate the subscription document process, leading to higher levels transparency, better advice experiences and reduced NIGO
PHILADELPHIA CREAM, April 27, 2022 /PRNewswire/ — Alternative Investment Exchange (AIX)the platform facilitating the purchase, possession and sale of alternative investments, has integrated KNPRE 1031member of the Keystone National Properties Family of Companies (KNPRE), to the AIX platform. KNPRE 1031 is a New York-sponsor specializing in 1031/DST investments. Being part of the AIX platform gives KNPRE the ability to marry its values as a company with the seamless experience that advisors and their investors receive when working with AIX.
Founded in 2016 by Mike Packman, KNPRE is a sponsor of tax-efficient and impactful real estate investments for qualified investors. The AIX partnership paves the way for the sponsor to move its 1031/DST product offerings onto the AIX platform offering greater automation, higher levels of transparency, enhanced advisory experiences and reduced NIGOs.
When Packman launched KNPRE, it was with very high net worth investors and family offices. Exceptional customer service was paramount. Moving into the space of independent brokers, the sponsor wanted to offer the same level of service. To do this, investing in technology such as AIX allows them to scale what was previously a manual white-glove service without adding significant overhead.
“AIX gives KNPRE 1031 the ability to transform a manual process riddled with human error and help advisors process cases efficiently – getting investors admitted and paying advisors faster. is not a pleasant process for advisors or investors, so to be able to add clarity and ease the process is a win for all parties,” notes Brad West, COO, AIX. “Sponsors need to communicate the value of the platform to drive adoption. KNPRE has created messages for their sales group that share what they stand to gain by using AIX to process subscription documents. They target also key advisors with personal calls to outline their new process to drive adoption. The ease and speed with which these investments can now be processed is an additional selling point and enhances the advisor experience.”
KNPRE 1031 is another AIX client that recognizes the value the platform brings. “The time our team spends doing manual processes, as well as manually reconciling and tracking, can now be done in a highly automated way,” notes Heidi Wheatley, Managing Director, KNPRE. “All data points, signatures and documents can be collected in an online workflow – a stark contrast to the ‘old fashioned’ back and forth with various parties to collect information and signatures in order to conclude a transaction.”
Alternative Investment Exchange (AIX) is an end-to-end digital platform specifically designed to improve the processes associated with buying, owning and selling alternative investments. AIX’s technology reduces friction, mitigates risk and creates value for all alternative investment stakeholder groups – wealth managers, asset managers, custodians, transfer agents and fund administrators. By evolving beyond documents to make data the connective tissue between alternative investment players, AIX makes it easier to do business and accelerate industry growth. For more information, please visit aixplatform.com or LinkedIn: linkedin.com/company/aix-alternative-investment-exchange.
SOURCE Alternative Investment Exchange