New Age Alpha, a Rye-based asset management company, has unveiled a direct and custom indexing platform dubbed SPACE (Systematic Personal Asset Customization Engine).
According to the company, SPACE will enable users to build and trade customized alpha or beta index strategies and generate client reports all in one place to streamline the client investing process. The platform features tax optimization, transparency and ESG screening, and users will be able to build an alpha index strategy by customizing the underlying holdings of an ETF and utilizing factor screens across growth, value and New Age Alpha’s proprietary “Expectation Risk Factor.”
“SPACE is a firm-wide solution that brings together the responsibilities of client-facing advisors, portfolio managers and researchers all in one place. And the firm”™s investment views can be expressed using the SPACE platform” said Armen Arus, co-founder and CEO of New Age Alpha.
“Leveraging our over 90 years of combined experience building indexes, we have developed a powerful platform to enhance advisors and portfolio managers investment process” said Julian Koski, co-founder and chief information officer at New Age Alpha. “Clients today demand more transparency and customization with lower fees. SPACE anticipates and speaks to these demands, and we are very excited for the launch.”
