Earlier this year, we wrote about how Obsiido Alternative Investments wants to usher in a new era of alternative investment opportunities for Canadians.
The financial technology startup, which emerged from stealth following a seed round of capital, was cofounded by CEO Nimar Bangash, legal chief Puneet Grewal, and Sean O’Hara, the company’s chief investment officer.
“Obsiido is a one-stop shop for the alternative investment needs of wealth advisors and individual investors,” explains chief executive Bangash.
His team recognizes the “fragmented access and complexity associated with allocating to private market investments and hedge funds.”
Obsiido wants to remove these impediments through “unique investment solutions,” according to Bangash.
Obsiido Alternative Growth Portfolio will seek to achieve attractive long-term risk-adjusted returns by investing assets in a diversified portfolio of alternative investments, including but not limited to private equity, real assets, private credit, and hedge funds.
The Alternative Income Portfolio will seek to generate consistent income while preserving capital.
“The ability for wealth advisors to access high-quality managers in turn-key portfolios, which can be purchased monthly via Fundserv, greatly simplifies the process of allocating to alternative investments in client portfolios,” adds O’Hara.
The fintech also launched a virtual advisor designed to provide individual and retail investors with advice and access centred around high-quality alternative investment solutions.
“At Obsiido, we believe technology has a substantial role to play in broadening access to alternative investments while also reducing the administrative and compliance burdens often associated with investing in private market investments and hedge funds,” Bangash says.
Obsiido Direct is a “digital managed account platform,” he says, which the company built “to solve the access gap that has historically made it difficult for most Canadian individual investors to invest in alternative investments.”
“Direct” empowers eligible individual investors with education and guidance to invest in alternative investments with a minimum investment of $25,000.
In the future, Obsiido intends to introduce an AI-powered platform for wealth advisors.
Obsiido products and services will initially be available in Ontario, British Columbia, and Alberta, according to a statement from the firm.