There have been a lot of small, but meaningful developments across many investment platforms as we approach the end of the year. Here’s a collection of what’s happened so far, as the world of accessible alternative investing continues to develop.
AltoIRA has some major changes in the pipeline:
- They have updated their Twitter handle to @InvestWithAlto.
- The Alto team have been teasing a complete website redesign. This may come with some updated branding as well.
- In Q1 of 2023, Alto will begin accepting new investments from issuers that have not integrated with their API.
- And, most materially, Alto is working on becoming a registered broker-dealer.
ANote Music has launched their last new asset auction of 2022. The collection is made up of the soundtrack from the Cadillac Records movie. Released in 2008, the movie follows the life of Leonard Chess. Chess was an influential person in the record business and helped in the development of rock and roll.
ANote Music is also having its first direct listing on the platform. After a successful auction that wrapped up in early November, Ever Ever Music will list an additional 2.5% (5000 shares) of its music royalty catalog for sale on the ANote Music platform. They’ll be selling those new shares by directly listing them onto the secondary market.
To our knowledge, this is not only a first for ANote, but a first for any music royalty investing platform.
We recently launched a comprehensive overview of ANote Music. Take a look if you’d like to learn more about the platform and how to invest on it.
SongVest announced they were expanding their product offerings. They will be launching a new private music royalty marketplace. This product will be for music catalogs in the $1M-$15M+ range.
SongVest is also getting very close to selling out and completing a SongShares offering for the third time. At press time there are just 3 shares ($300) remaining from their Fear No More offering. Once all shares are sold, there will be some additional work to close the offering. Assuming no issues are encountered in the closing process, investors should start seeing quarterly royalty payments some time next year.
If you would like to learn more about SongVest or their SongShares offerings, please take a look at the comprehensive SongVest overview we have here on Asset Scholar.
Vinovest is revamping their portfolio styles for their managed offering. Previously investors choose between a conservative, moderate, or aggressive portfolio composition. However, Vinovest found that this was confusing to many investors and made less sense in the context of fine wine investing.
Now, investors will be able to choose between short-term, medium-term, and long-term portfolios. Short term portfolios will have wines that will reach maturity in 5-7 years. Long-term wines will be predominantly made up of wines that need 10 or more years to mature. However, both short- and medium-term wines will be considered for inclusion as part of an overall long-term portfolio.
Fine wine investing fans will be happy to hear that Vinovest is also lowering their fees, starting in 2023. Fees are being cut by 35 basis points (0.35%) across all account tiers. That makes the new fee for the low-tier Starter accounts 2.50% and 1.90% for the high-tier Grand Cru accounts.
Vinovest will also allow managed portfolio customers to sell their wines directly on their marketplace. This gives customers using the managed portfolios full control over the sale of their wine – including the price.
There is a 1.5% extra fee if the wines are sold early, outside of their selling window.
Lastly, Vinovest has a fund-style offering available on Republic for the first time. This appears to be structured very similarly to Vint’s offerings. The offering allows investors to buy shares of an LLC, which will own, store, and insure a diversified portfolio of wine and whiskey assets.