Key Takeaways
- • Vistra and 1776ing announced a collaboration to deliver a fully digitised subscription process for alternative investments, the first partnership of its kind since Vistra acquired Phoenix American's fund administration and transfer agent business in August 2024.
- • The integration enables real-time data flow between platforms, with the result being an instant, complete investment record in Vistra's transfer agent system, STAR-XMS.
- • Vistra states STAR-XMS is now compatible with all other processing platforms in the alternative investment space, offering clients integrations regardless of the platform they use.
- • The partnership targets faster subscriptions, reduced paperwork, fewer errors and improved compliance for advisors, issuers and investors, from due diligence through ongoing reporting.
Summary
Vistra has announced a collaboration with 1776ing, a technology provider of platforms for advisors and private market investment, to enhance the processing of alternative investments. According to the announcement, the partnership is the first of its kind since Vistra's acquisition of Phoenix American's fund administration and transfer agent business in August 2024.
The integration is designed to deliver a seamless, fully digitised subscription process for alternative investments. Vistra says the arrangement will reduce the complexity of traditional subscription processes, minimise errors, enhance data security and enable real-time data flow between platforms. Advisors, issuers and investors are expected to benefit from a digital workflow spanning due diligence, execution and ongoing reporting. For advisors and registered representatives, the company cites faster subscriptions, reduced paperwork and improved client transparency.
The result of each transaction will be an instant, complete and active investment record in Vistra's transfer agent system, STAR-XMS, which tracks investors and investment transactions to support back-office processing and investor reporting. Vistra states that STAR-XMS is now compatible with all other processing platforms in the alternative investment space.
Zane Doyle, Senior Vice President and Head of Operations at Vistra, said the partnership aligns with the firm's goal of transforming how alternative investments are made, ensuring a frictionless experience for investors and sponsors. Sean O'Toole, Founder and CEO of 1776ing, said the collaboration will amplify the company's mission of a frictionless investment experience, streamlining funding from pre-funding through post-funding support.
The integration is designed to deliver a seamless, fully digitised subscription process for alternative investments. Vistra says the arrangement will reduce the complexity of traditional subscription processes, minimise errors, enhance data security and enable real-time data flow between platforms. Advisors, issuers and investors are expected to benefit from a digital workflow spanning due diligence, execution and ongoing reporting. For advisors and registered representatives, the company cites faster subscriptions, reduced paperwork and improved client transparency.
The result of each transaction will be an instant, complete and active investment record in Vistra's transfer agent system, STAR-XMS, which tracks investors and investment transactions to support back-office processing and investor reporting. Vistra states that STAR-XMS is now compatible with all other processing platforms in the alternative investment space.
Zane Doyle, Senior Vice President and Head of Operations at Vistra, said the partnership aligns with the firm's goal of transforming how alternative investments are made, ensuring a frictionless experience for investors and sponsors. Sean O'Toole, Founder and CEO of 1776ing, said the collaboration will amplify the company's mission of a frictionless investment experience, streamlining funding from pre-funding through post-funding support.
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