Luma Financial Technologies has been selected by InspereX to power structured note distribution for Registered Investment Advisors (RIAs) through its newly launched Aria platform, and to connect RIAs to InspereX structured products via Luma’s technology.
InspereX’s Aria platform, designed as an all-in-one solution for RIAs, integrates Luma’s market-leading technology to provide efficient access to diversified structured products, institutional insights, and comprehensive lifecycle management. This integration aims to simplify the complexities advisors face in serving their clients.
Jeff Schwantz, Chief Growth Officer at Luma Financial Technologies, stated that the company’s mission is to simplify the process for advisors by providing technology and tools to serve clients more efficiently. He added that streamlining the evaluation and implementation of structured notes through Luma’s technology in Aria will help more RIAs broaden their offerings.
Luma’s platform supports the full lifecycle of structured notes, encompassing issuer comparison, product design, and post-trade performance monitoring. It functions as a centralized, issuer-agnostic resource for advisors to evaluate, implement, and manage structured investments.
In addition to the Aria platform integration, Luma will also connect RIAs directly to structured products distributed by InspereX. This direct access, facilitated through Luma’s technology and integrated with Aria, is intended to enhance product availability and operational efficiency for RIAs.
Scott Mitchell, CEO at InspereX, noted that leveraging Luma’s technology within the Aria solution equips RIAs with structured note capabilities alongside fixed income and alternatives in a seamless experience. He also highlighted that distributing InspereX structured notes through Luma’s technology allows the firm to reach a broader RIA audience.
Luma Financial Technologies, founded in 2018 and headquartered in Cincinnati, OH, with offices in New York, NY, Miami, FL, Zurich, Switzerland, and Lisbon, Portugal, provides a fintech software platform for broker/dealer firms, RIA offices, and private banks. The platform offers resources for learning, researching, purchasing, and managing alternative investments and annuities, supporting the full end-to-end process lifecycle.
InspereX, with offices in Delray Beach, Florida; Santa Monica, California; Charlotte, North Carolina; Chicago, IL; and New York, NY, is a distributor across structured products, ETFs, private markets, and fixed income. The firm works with over 400 issuing entities, distributes to more than 1,500 partners, and has distributed over $800 billion in new issue securities.
