Wellington-Altus subsidiary to offer advisors new retail opportunities
Financial advisors seeking a wider range of products from major asset managers, while enjoying their independence, will have expanded options available from Independent Advisor Solutions.
The firm, a subsidiary of Wellington-Altus, launched in the fall of 2023 to provide portfolio managers with an initial suite of five global institutional-quality investment funds collectively called MiBLOX – and it has now added to the options available.
Independent Advisor Solutions has announced a new partnership with Apollo to launch an additional MiBLOX fund that will provide exclusive Canadian retail access to the asset manager’s Apollo Diversified Credit Fund. This will give advisors access to the fund’s diversified and multi-asset approach to private and public debt.
The fund is due to be launched during the first quarter of 2025 and the partnership with Apollo enhances a previous announcement of access to the firm’s private markets platform via Apollo Aligned Alternatives.
“This is another example of Apollo’s commitment to helping advisors and clients build out private markets exposure in their portfolios,” said Stephanie Drescher, partner and chief client and product development officer at Apollo. “Our partnership with the Independent Advisor Solutions team can further empower investors in the Canadian market through access to Apollo’s differentiated suite of solutions.”
The firm already has partnerships with BlackRock and Goldman Sachs for investment opportunities and with State Street providing access to market-leading custody, fund administration, and reporting services.
“Our goal is to power advisor portfolios and their personal brand, which includes the support of thoughtfully curated and thoroughly vetted managers who are amongst the very best at what they do, and Apollo is our latest example of this,” said Jon Kilfoyle, president of Independent Advisor Solutions. “Our collaborations with leading global asset managers create powerful opportunities for advisors to serve their clients and drive the growth of their practice.”
