Startup Veterans Launch Fixed Income Investing Platform for Advisors

The Hub launched with three applications Tuesday: InPaas, a portfolio construction workflow that optimizes fixed income ETFs and closed-end funds for a desired income or yield target with the lowest risk and expense ratio; BestFit, a portfolio construction workflow that curates a customized corporate and municipal bond portfolio tailored to best fit the user’s investment goals and preferences; and AssetExplorer, an analytics tool to search, filter, sort and identify fixed income assets to add to a portfolio or watch list.

The YieldX platform was in development since April 2019 and was in beta testing since June, Green said, also telling ThinkAdvisor the company already had commitments from some RIAs, BDs, fintech firms and banks, whose names will be made public in the weeks to come.

The startup has raised $10 million in funding so far, including a recent $5 million round that is allowing it to scale up the team to “execute on a pretty robust product pipeline, which is going to lead to new apps on the platform,” he said. “We have a lot of functionality that’s coming out over the next year that’s really going to set us apart,” he said.

“Fixed income capabilities like this were previously only accessible to large institutions with teams of analysts and traders,” according to Green, who said the company is using a software-as-a-service subscription model that will cost most firms $10,000 a year, although customized versions of the platform will be made available to large firms at varying price points.