Fi3 Advisors, an independent, fee-only Registered Investment Advisor (RIA) and multi-family office, has announced a strategic partnership with Opto Investments, a technology-led platform designed to simplify private markets investing and servicing for independent investment advisors and family offices.
This collaboration aims to enhance Fi3’s established private markets program by streamlining investment workflows, centralizing performance data for client reporting, and facilitating the creation of an annual vintage funds program tailored to Fi3’s high-net-worth (HNW) clients. Fi3 Advisors manages approximately $1 billion in assets for around 130 families, serving as a comprehensive financial partner. The firm’s institutional portfolio construction integrates investments with financial plans, crafting bespoke portfolios that balance liquidity needs and tax considerations. Private markets typically constitute 15-25% of Fi3’s client portfolios, and this partnership is set to modernize and institutionalize these offerings.
Nathan Kinney, Director of Investments at Fi3, stated, “Our goal at Fi3 is to ‘Empower Families to Create a Generational Impact.’ We do that by delivering a family-office experience to families who typically don’t have access to that level of support.” He added, “A core part of our investment philosophy is meaningful integration of private markets, and Opto is helping us scale that thesis. Private markets investing has historically been resource-intensive for us, but Opto’s platform gives us cleaner data and smoother operations, allowing us to focus on what actually matters: helping our clients achieve better outcomes.”
Leveraging Opto’s end-to-end private markets solution, Fi3’s advisors and clients will benefit from a streamlined operational experience, including a single K-1, automated subscription document creation, digital signatures, and seamless integration with its reporting software, Addepar. Additionally, Opto’s advanced portfolio construction tools will strengthen Fi3’s ability to align private and public market investments to optimize after-tax returns, while its robust pacing solution enables Fi3 to build private markets allocations thoughtfully over time, complementing public market exposures.
Jake Miller, co-founder and chief solutions officer at Opto, commented, “At Opto, we partner with firms at every stage of their private markets journey, from those just starting out to those with established programs seeking to grow using the right technology.” He concluded, “We look forward to supporting Fi3’s growth by streamlining operations and helping them efficiently expand their clients’ access to private markets vehicles.”
Since its founding in 2013, Fi3’s assets have organically increased approximately 36 percent year-over-year. This growth is attributed to its comprehensive financial planning approach combined with a family office service model designed to meet the needs of modern HNW investors and families. The firm’s personalized client experience and investment decisions, made within the context of a total portfolio, have fueled rapid growth primarily through client referrals.
Fi3 Advisors is based in Indianapolis, Indiana, and is an investment advisory firm registered with the Securities and Exchange Commission (SEC). Opto Investments was founded by Joe Lonsdale and is backed by investors including 8VC and Michael Dell’s DFO Management.
