Jan 23 2024 48 mins 1
Episode 008: Integrating alternative investments into the advisor's toolkit allows for greater diversification and access to innovative companies. By leveraging technology and streamlining the investment process, advisors can better serve their clients and participate in the legacy-building process of supporting impactful investments.
In this episode of Alternative Universe, Steve is joined by Kim Mackrill, CEO of Mammoth Technology. Kim shares her origin story, from working in the nonprofit sector to starting her marketing firm and eventually diving into alternative investments. She discusses how Mammoth is working to provide a seamless and streamlined experience for advisors and fund managers, from fund formation to investor onboarding and ongoing management.
Join us as we discuss:
[02:18] - Kim's backstory and how she got involved with Mammoth Technology.
[11:55] - The importance of improving advisor experience.
[13:35] - Kim's first experience with alternative investments.
[19:58] - Why creating a seamless, streamlined experience for investors is important.
[24:01] - How Mammoth provides a complete technology solution.
[26:48] - The hurdles financial advisors face in incorporating alternative investments.
[34:11] - The potential for collaboration between fund managers and financial advisors.
[39:40] - Streamlining the alternative investment process for clients.
Key Takeaways
- Mammoth Technology's solutions aim to streamline the alternative investment process, from fund formation to investor onboarding and ongoing management.
- Data is the fuel that powers the engine of an advisory practice, and Mammoth focuses on providing accurate and accessible data to advisors.
- The private markets are growing in size and importance, and financial advisors need to pay attention to alternative investments to achieve diversification for their clients.
- Mammoth believes in creating a central location for alternative investments to provide a seamless experience for financial advisors and their clients.
Quotes
"It is a high priority for the very best firms out there and for the very best technology firms to make everyone all the way up and down the value stack of advice enjoy the process. That's the pinnacle of great work. And happy work is happy advisors, happy team members, and happy clients." ~ Kim Mackrill
"If you cannot control and own your experience, then you are essentially selling something that belongs to someone else." ~ Kim Mackrill
"We are really hopeful about how fund managers and financial advisors can work together, not just because it's good for them and their firms or even just because it's good for the investor, but because we think that the vast majority of innovation is happening inside of these private companies right now." ~ Kim Mackrill
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Disclosure
All content on this podcast is for informational purposes of a general nature only, and does not address any particular individual or investment. Nothing in this podcast constitutes accounting, legal, tax, financial or other professional advice. The discussion on this podcast of any entity, product or service does not imply an endorsement thereof, and the podcast participants may have a financial interest, whether through investment or otherwise, in one or more of any such entities, products or services. Please seek independent advice from a financial professional about your investment needs.
