Arete Wealth Teams with Fintech Platform Luma

Arete Wealth, a full-service hybrid broker-dealer and registered investment advisor, announced a partnership with Luma Financial Technologies, an alternative investment platform.

Chicago-based Arete Wealth will leverage Luma’s fintech software to streamline the process of buying and managing structured products and annuities. The firm will also introduce e-applications through Luma’s platform aiming to expedite transactions and reduce administrative tasks.

“Our goal is to enhance access and transparency in the alternative investment space, empowering advisors with the tools necessary to better understand, objectively analyze, purchase, and manage products on behalf of their clients,” said Donald Pogan, chief product officer at Luma Financial Technologies.

Founded in 2018, Cincinnati, OH-based Luma initially served the structured product market and extended into the annuity industry in February 2021. The company has since developed additional tools for the platform, including its “Lifecyle Manager”, which provides advisors with the tools to monitor performance, risk, and exposure across their clients’ entire portfolios.