Door launches alternative assets due diligence capabilities to meet surging wealth management demand

Door. (2024, June 18). Door launches alternative assets due diligence capabilities to meet surging wealth management demand. Door Insights. https://guidetodoor.com/insights/door-launches-alternative-assets-due-diligence-capabilities-meet-surging-wealth-management-demand

• Door has expanded its digital platform to help provide comprehensive due diligence capabilities specifically for alternative asset classes.

• The platform enhancement addresses the growing requirement for wealth management firms to integrate private markets and illiquid assets into client portfolios.

• Allocators can digitize and submit their due diligence questionnaires, an all-to-often paper-based process.

• Fund managers can now reply to those questionnaires efficiently and digitally through a centralized digital interface.

• Door will apparently standardize and format the response for easy analysis by the allocator.

• The service aims to reduce the operational burden and complexity associated with manual due diligence processes for complex alternative investments.

• Built-in compliance functionality creates a full audit trail.

Knote: Due diligence is one of the gating factors for Alts2Wealth and this is a step in the right direction. It doesn't perform the due diligence, but facilitates by digitizing and standardizing the due diligence questionnaire process. We believe the TAMPs will be the ones to drive due diligence and make the allocation decisions, in the short term, but we could see tools such as these helping to scale their processes (see our white paper TAMPs/DFMs: The Tip of the Alts2Wealth Spear). Our hope is that this will ultimately lead to an on-demand database of alternative manager data that can be screened and benchmarked.