private-bank-style investments for millennial millionaires
Caesar Sengupta and his team have built a “digital private bank” called Arta Finance
but it won’t compete with other private banks or the advisors who work there
he wants to widen the gates for investors who could benefit from the types of investment opportunities available at those firms—think private placements
various types of alternatives—but don’t have a high enough net worth to be a traditional client
We’ve seen plenty of digital investment platforms come and go
and the “democratization of alternatives” is well-worn marketing copy by now
Firms like CAIS and iCapital are becoming deeply embedded in independent wealth management shops
and a variety of other technology platforms are promising to bridge financial planning and alternative investments
But Sengupta has big ambitions for his project
and I think Arta Finance is an endeavor worth keeping an eye on
I thanked him for introducing me to the platform at a time when many Singaporeans were more likely enjoying the nightlife along Clarke Quay
He said he did not mind talking about his baby whatever the time of day
“Millennial millionaires are probably our sweet spot,” said Sengupta
the firm’s clients are accredited investors
making at least $200,000 annually and with net worths of at least $2 million
He’s opening the door for the so-called “HENRYs,” or the “high-earners-not-rich-yet” set
Related:The WealthStack Podcast: How AI Is Reshaping the Advisor Experience with Mark Gilbert
While declining to share overall AUM or number of clients
he said the firm currently works with several thousand investors in the United States
While Arta operates as an SEC-registered RIA
Sengupta said its offerings were more like those from UBS
The origin story of Arta goes like this: He and his colleagues were wealthy millennials working in Silicon Valley at firms like Google on projects like Google Pay and Chromebook
With high salaries and potentially lucrative liquidity events on the horizon
they were in the position to invest for a long time horizon
yet they were frustrated with their experiences at traditional financial service firms
“We used some of the automated investing services and then started to use [traditional] private banks on our own to get access and invest in private equity
private real estate and other alternatives,” he said
it was a good experience but very expensive and you could only start using it in your 40s” because of the high minimum investment requirements
“What we are doing is bringing private banking to everyone
and doing it much more cost effectively,” he said
Related:Why AI Isn’t Your RIA’s Top Technology Priority
It is often said that timing is everything. After 15 years at Google, he left to start what he called a “digital family office to the world” in a 2022 TechCrunch article
he noted that Arta had raised more than $90 million in early rounds of funding from investors
Ribbit Capital and dozens of other individuals
and enough capital from Ribbit and others for now,” he said
His developer and technology team have grown to 45 people
based across both Silicon Valley and Singapore
He laughed when I asked him if that time zone difference presented a challenge
“The kind of AI talent available in the Valley has helped us get access to some of the best AI work going on in the Valley,” he said
This brings me back to the element of good timing
The explosion in available AI tools and large language models is the jet fuel powering his team to rapidly build an investment platform sophisticated enough to give investors easy access to private placements
structured products and other alternatives
as well as direct indexing and tax-loss harvesting services
Related:The WealthStack Podcast: The Independent Advisor Boom and the Tech Shaping Their Future with Vickie Lewin
and while much of the platform is automated—and it is technology that is driving the lowering of costs
and efficiency—clients can get time with a human advisor when needed
A “quant infrastructure” enables the management of the investments
with built-in direct indexing and tax-loss harvesting
and a much lower minimum investment requirement than traditional funds available on larger established platforms
“Let’s say Parametric has a $250,000 minimum
The tax-loss harvesting and direct indexing capabilities were built in-house to meet client demand
“We got a lot of feedback from our members: ‘can I get the S&P 499 not 500
Many of the newly minted millionaires in Silicon Valley will have
heavy allocations towards companies that are already
“Where it gets very interesting is our satellite portfolios where you can put any investment into an ETF-type structure,” he said
Arta also sells private placement life insurance or PPLI
one of 50 or 60 RIAs that can do so in the U.S.
and the application’s frontend interface is beautiful
legacy wealth interfaces this technology journalist has seen over the years
What is nearing completion but not yet available is Arta AI
which is supposed to roll out in Singapore this summer and later in the U.S.
it will provide the Arta user with the ability to ask the AI to generate a portfolio recap
something a traditional human private banker generally does with clients quarterly
Sengupta showed me the various styles of portfolio reporting a client could ask for
and a “Yoda Mode,” which reads as though the Star Wars character might have authored the report
What makes it possible are 12 different AI models working together
“We are not building our own LLM but there is such amazing work in open source LLMs and the commercial LLMs that are available,” he said
step two is to take it international—global both directly through us and through partners—and step three
noting that it would take years to get there
“In the long run someone with 1,000 [Indian] Rupees” will be able to invest with Arta
Given his team’s success at Google (Google Pay is the second largest payment system in India) I’m hesitant to doubt him
Davis Janowski is a New York-based technology journalist whose work spans consumer
Janowski worked for Forrester Research as an analyst covering Digital Wealth Management
His work covering the advisor tech space began in 2007 when he joined InvestmentNews as the advisor industry’s first dedicated technology reporter
His start in tech journalism began as an editor with PC Magazine in 1999 where he later served as an analyst and reviewer
His work has appeared in The New York Times
including Technology Tools for Today's High Margin Practice
He has also been a speaker and moderator at numerous industry conferences
Outside his day-to-day he is a senior guide for Manhattan Kayak Company in New York City
RIA Edge 100: Growing Rapidly but Responsibly
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Developer Blizzard Entertainment shared a new blog post dedicated to Dokiwatch
a colorful journey into the magical girl anime genre that stars multiple Overwatch 2 Heroes
“Decked out in bright colors and glittering jewelry—and toting adorable animal familiars—the Heroes of Heart fight to rid the world of Woe
a malevolent force that corrupts the hearts of those it afflicts
A comic illustrated by Manda Schank explores the origins of Juno’s magical girl storyline
but Dokiwatch itself grew from a simple idea into a full-fledged alternate universe.”
The developers describe pleading for a magical girl season
Finding a suitable villain for Dokiwatch was a similar challenge for the team
Many classic canon antagonists were considered—and they still may show up in Dokiwatch down the line—but landing on D.Va as Nocturna felt right
Game producer Lauren Soanes says that the team wanted someone that
Dokiwatch is also a chance to temporarily escape the more serious angles of the game’s ongoing story
“So many people have done the mahō shōjo genre
but what we felt was specific about Overwatch was that it has this big technology aspect to it,” said Lauren
noting they integrated sleek technology into the bows and ruffles endemic to the genre
but we also want it to feel like Overwatch.”
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Arta AI is a new way to engage with wealth management through a suite of AI agents —intelligent
NEW YORK, April 2, 2025 /PRNewswire/ -- Today Arta Finance, a global wealth platform, introduced Arta AI – a new way to engage with wealth
giving clients a suite of AI agents to analyze portfolios
This marks a significant milestone towards a future where clients will be able to use AI agents to navigate all aspects of their wealth journey
With today's launch, clients will soon be able to talk to Arta AI to review their portfolio
and learn more about what Arta has to offer
Arta AI will also be available to partner banks and financial institutions globally through Arta's "wealth as a service" offering
Arta is redefining how clients engage with wealth management
Arta AI is designed to be an intuitive conversational partner
allowing clients to interact naturally through voice or text
"How did my portfolio do last month?" or "How is Google stock doing today?" or "What should my portfolio look like?" and receive data-driven responses
Arta AI can adapt to each client where needed
offering tailored responses based on the client's financial profile and preferences
"The old world of wealth management is built on exclusivity and high barriers to entry," said Caesar Sengupta
we believe in financial superpowers for all — not just the elite
AI brings a level of accessibility and intelligence to wealth management that was unimaginable just a few years ago."
Arta AI is purpose-built for wealth management — a regulated domain that involves sensitive client preferences and information
Arta's AI-powered features use various types of underlying technology from agentic systems to function calling and RAG to non-generative AI approaches like traditional machine learning and convex optimization
Arta AI has the ability to bring in the specific models that are appropriate for the task — whether conducting financial analysis or explaining the difference in asset classes to a client
these agents provide clients with an intuitive and efficient way to engage with their wealth. Arta AI is always available — ready to respond and assist on demand
Arta AI will be available for a monthly subscription fee starting at $20 per month
while clients with more than $100,000 managed by Arta will receive complimentary access
Arta AI is gradually rolling out to early adopters over the coming year
Arta will also make Arta AI available to partner banks and financial institutions for use by their clients or their private bankers and advisors through its B2B "Wealth as a Service" offering
The company also plans to make more agents available to clients in the coming months
"Traditional private banking serves a fraction of the world's investors
leaving millions without access to the tools that drive wealth creation," said Ralph Hamers
Senior Advisor to Arta Finance and former CEO of UBS and ING
By leveraging AI and deep domain expertise
Arta makes institutional-grade investment guidance and strategies available to a broader audience
bridging the gap between high-net-worth exclusivity and intelligent
Arta AI is integrated into Arta's wealth platform
which manages the wealth of thousands of accredited investors globally
To learn more about Arta Finance, visit artafinance.com
Arta Finance is a global wealth platform that enables more people to access the "financial superpowers" of the ultra-wealthy
The platform provides access to private market investments from elite fund managers
and sophisticated financial services such as insurance and estate planning
Arta empowers its members to make investment decisions with both AI-driven personalization and human expertise to create and manage their financial plans
Arta serves its members directly while also empowering partner financial institutions to expand wealth management to new clients
and over 140 luminaries in tech and finance
is provided by Arta Finance Wealth Management
an investment adviser registered with the SEC. Important information about Arta Finance Wealth Management is available in its Form ADV filed with the SEC
a digital wealth platform transforming the way people grow
Banking & Financial Services
Financial Technology
Financial Technology
Computer & Electronics
Do not sell or share my personal information:
bankers and other professionals in the financial sector devote time to helping clients with money
but they can hit difficulties when it comes to managing their own investments and finances
The firm is rolling out a service to concentrate on this area
Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes
Register Here
The new offering gives clients a suite of AI agents that can
make sense of portfolios and access financial insights on demand
Register Here
SCOR is a global reinsurance company providing its clients with a broad range of innovative solutions and services and a solid financial base
Providing clients with innovative Property & Casualty reinsurance and insurance solutions
Offering a full spectrum of solutions to address Life & Health insurer's needs
We are pleased to announce the appointment of Arta Nasradini as Head of Aviation at SCOR P&C
Arta will be based in Zurich and will be part of the Reinsurance Specialty Lines management team
reporting to Head of Specialty Lines Eric Jenck
Arta brings a wealth of experience in underwriting aviation risks
she led the DACH Aerospace portfolio team at AIG
she held various positions in aerospace underwriting with Swiss Re Corporate Solutions
Arta holds a dual degree in International Management and Finance from Hochschule Augsburg in Germany (HSA) and Ecole Supérieure de Commerce Extérieur (ESCE) in France
commented: “With her extensive industry experience
Arta is well-positioned to maximize the value of SCOR’s Aviation reinsurance portfolio
leveraging our existing team and our Tier 1 global franchise
I look forward to working with Arta and wish her every success in her new role.
and Marine Specialty Lines underwriting teams for the past few years before retiring at the end of 2024
Adrian’s remarkable contributions to SCOR have had a significant impact on our portfolio
I wish him the very best in his well-deserved retirement.”
16 Honda repainted in WAKO’S blue as SUPER GT prepares for two days of official testing at Okayama…
Nobuharu Matsushita has expressed confidence that he and ARTA teammate Tomoki Nojiri will enjoy a stronger SUPER GT season this year as the Honda squad’s bold new colors broke cover ahead of this weekend’s official test at Okayama
16 car (pictured top) sports a revamped livery that combines the blue-and-pink of chemical company WAKO’S — a previous sponsor of Rookie Racing and Team LeMans — with the Team Mugen-run outfit’s more usual black-and-orange
8 Honda Civic Type R-GT (bottom) features a more conventional orange scheme
but with more black coloring at the back compared to last year’s design
8 with Nojiri having delivered the car’s sole victory during its debut season at Fuji Speedway in August on their way to ninth in the GT500 standings
and a distant second-best of the Honda crews
Matsushita highlighted the fact that every team has been equipped with a fresh monocoque this year
8 car has been much more responsive to setup changes in private testing so far
which went really well for us,” he told Sportscar365
“It was the first time for me to drive a GT car at Sepang
and it was really difficult for me to adapt to the track
because sector three is kind of long corners and a GT car is loading [the tires] everywhere
But I was able to get a lot of practice doing those things
“We also did the Okayama and Fuji tests
so we’ve already done three tests and still we have [official] testing
“Everyone has a new chassis this year
but we think we have a better chassis than the one we had last year
so we are hoping it’s going to work well.”
Matsushita added that ARTA will be setting its sights on lead Honda squad Team Kunimitsu
100 Civic is now being operated directly by the HRC Sakura facility this season with assistance from Servus Japan
“We want to surpass them for sure,” he said
1 [TOM’S Toyota GR Supra] will be the car to beat at Okayama
“It will be the second year of working with Nojiri
and now I have experience of working with Team Mugen
so this year we want to be a lot more consistent every weekend
so this is the target and I am quite confident.”
The Okayama test comprises eight hours of running over two days
split into four two-hour sessions — two on Saturday and two more on Sunday
It follows two days of running for a number of GT300 cars at the same venue across Wednesday and Thursday
with a handful of GT500 cars also getting the chance to perform shakedown runs on Thursday
A total of 41 cars are set to compete in the test
with GT300 squads Saitama Green Brave and MKS Racing the only full-season entrants to not be taking part
Jamie Klein is Sportscar365's Asian editor
who previously worked for Motorsport Network on the Motorsport.cоm and Autosport titles
covers the FIA World Endurance Championship and SUPER GT
99 Honda Civic Type R-GT joins Yokohama-shod GT500s and a selection of GT300s..
Roberto Merhi looks back on unbelievable Fuji comeback as he scores long-awaited first GT300..
Cerumo's six-year winless run comes to end as Velorex Ferrari takes incredible comeback win..
Toshiki Oyu upsets favorites Racing Project Bandoh to deliver Cerumo pole for SUPER GT's..
has taken on a new role as an external senior advisor to Arta Finance
an artificial intelligence-driven wealth management startup founded by former Google employees
The move marks Hamers’ first major position since stepping down from UBS 18 months ago
following the Swiss bank’s acquisition of its rival Credit Suisse
which bills itself as a digital family office, aims to democratize wealth management for clients with assets over $1 million
The firm leverages AI technology to provide high-end products and services traditionally reserved for the ultra-wealthy
the firm has grown to manage hundreds of millions in assets for thousands of clients
Alongside Hamers' appointment, which was first reported by the Financial Times
Arta announced its global debut in Singapore
intially opening its services to accredited investors in Singapore and eyeing further expansions to other markets like India
a suite of AI-driven tools designed to assist investors in analyzing and managing their portfolios
This technology mimics the work of a team of private bankers and investment analysts
making sophisticated wealth management accessible to mid-market clients
known for his expertise in digital transformation
will provide strategic advice as Arta looks to scale on the international stage
At UBS, Hamers had initiated a similar digital push, including orchestrating an attempt to acquire the robo-advisory firm Wealthfront for $1.4 billion. Though the deal was eventually scrapped
Hamers’ focus on digital solutions was a key element of his leadership
where he also spearheaded digital transformation efforts
joining a prominent group of early investors that includes former Google CEO Eric Schmidt and Mastercard CEO Michael Miebach
Hamers’ involvement with Arta further strengthens the company’s position as it looks to expand its Wealth-as-a-Service platform for banks
its B2B solution allows banks to integrate Arta’s AI tools and investment services into their offerings
potentially reshaping the wealth management landscape for financial institutions
I see the enormous opportunity of having incredibly smart people from the worlds of technology and finance coming together to build a platform that is more than ready to take its place amongst the world's leading wealth managers."
Djibouti– Combined Joint Task Force – Horn of Africa’s 2nd Security Force Assistance Brigade and the Djiboutian Battalion Intervention Rapide (BIR) strengthened their enduring partnership during a field training exercise at Justified Accord 2025 (JA25)
a frequent participant in Justified Accord
applied lessons learned from previous exercises to improve readiness and collaboration to assess crisis response capabilities and exchange military-to-military knowledge sharing
Exercise JA25 serves as a platform for U.S
and African partners to improve military cooperation
ensuring both forces can operate cohesively in complex environments
Combined field training exercises is one-way CJTF-HOA supports host nation partners
The bilateral training provides an invaluable opportunity for Djibouti and U.S
this experience strengthens their capabilities and enhances their tactical proficiency
The ability to resupply troops and maintain defensive positions is crucial for any force operating in hostile environments
“This is going to help the BIR’s ability to resupply their troops
and defend a company position from an enemy attack,” said U.S
said the partnership between the Djiboutians and U.S
was evident with the integration between the BIR and SFAB
“SFAB has a unique relationship with our partners,” said Brown
liaise and advise our partner nations in a variety of tasks depending on their requirements and our own capabilities.”
Working with the BIR is an enriching experience for U.S
"It’s not a one-way give or take," said Siciliano
and strengthening those bonds through exercises like this is really important
making our partnership even more effective."
Further underscoring the significance of the exercise
Embassy Djibouti Ambassador Cynthia Kierscht visited the Arta Range Complex to observe the field training firsthand
Her presence emphasized the United States’ continued commitment to its security partnership with Djibouti
reinforcing the importance of military cooperation in promoting regional stability
The success of the BIR-SFAB collaboration at JA25
along with the support and engagement from U.S
underscores the importance of sustained military partnerships in East Africa
and Djiboutian forces reaffirm their commitment to security
« Back
SINGAPORE, Oct. 10, 2024 /PRNewswire/ -- Fast-growing digital wealth management platform Arta Finance today launched globally
Arta's platform is now open to accredited investors in Singapore and to international investors open to managing their wealth in Singapore - a global wealth hub where an expected 1.6 million non-Singaporeans are expected to manage $4.8 trillion in assets by 2028
The international launch comes after Arta's successful debut in the US in October 2023
where it has since grown to manage hundreds of millions in assets for thousands of clients
Arta's wealth platform offers a curated deal flow that includes private investments from exclusive fund managers
opaque pricing and manual processes found in many other financial institutions
Arta's designed-in-Singapore product has various unique features
including support for philanthropic giving in partnership with Co-Axis - a Temasek Trust initiative
and even a Singlish setting in its AI Copilot
Arta also launched the first-of-its-kind AI Copilot
purpose-built for wealth management and finance
rolling out progressively to members will empower them to make smarter investment decisions - ideate
and monitor their portfolios with the tools and insights that usually require large teams of relationship managers
Unlike commonly available AI chatbots or apps
Arta's AI systems are purpose-built for applications in wealth and finance and exploit the reasoning capabilities of the latest large language models
Arta's AI stack employs several models that work in conjunction with each other - including commercially available closed source models
fine-tuned open source LLMs and several custom built AI/ML models created by Arta's researchers
These models have access to high-quality public and proprietary data including large financial and risk data sets for training and inference
This enables Arta to combine the fluency of LLMs with the time sensitivity
hard mathematical rigour and explainability necessary for investment and financial applications
is highly privacy-preserving and uses encryption at rest and in transit for all user data
Singapore Minister of State for Trade and Industry and MAS board member
Alvin Tan was on hand to help launch Arta in the City State
The company has established key functions in Singapore including engineering
design and operations and a number of its global leads including its CEO are based in Singapore
Commenting on the launch, Arta CEO Caesar Sengupta said: "Arta is at the intersection of some powerful trends
including the personalisation and democratisation of wealth management
the huge growth and opportunity in private market investing
and the use of AI to create capabilities that have previously only been the preserve of the ultra-wealthy
We are now taking a major leap forward with our global launch and can't wait to bring the Arta wealth platform and AI Copilot to the global community in the months and years ahead."
Arta today also took a major step on its B2B journey with the announcement that Abu Dhabi's Wio Invest would be the first of many financial institutions to integrate the Arta wealth-as-a-service platform into Wio's industry leading digital investment platform
to create a new wealth management offering for its clients in the Middle East
The 'wealth-as-a-service' platform for banks is a new B2B offering by Arta
It was done with support from the venture building team of the Singapore Economic Development Board (EDB)
which worked closely with Arta to incubate this offering during the early stages of the concept
This cloud-based platform empowers partner banks to serve their clients better and meet evolving demands with faster time-to-market for innovative wealth management products
Banks can choose from integrating Arta AI Copilot capabilities
to embedding Arta's investment solutions into their platforms
to fully white-labelling the Arta platform — enhancing their digital capabilities and unlocking growth in new wealth segments
To help integrate a cloud and AI native wealth platform into legacy systems at partner banks, Arta is also announcing partnerships with Google Cloud and global management and technology consultancy Capco to provide solutions for banks looking to adopt Arta's technology
Singapore Country Director and Head of International Expansion commented: "Singapore is the natural home for Arta's international business with its rising importance as Asia's wealth hub
The launch of the B2B business is an extension of Arta's mission
enabling us to partner with banks and financial institutions in a way that is wholly complementary to their current offering
We are proud to welcome Wio as our launch partner and look forward to growing together."
Arta welcomes Ralph Hamers as external advisor
Arta also today welcomes Ralph Hamers as an external senior advisor
providing strategic guidance as the company grows internationally
Ralph Hamers is an advisor to established and new players in the global financial sector
He developed a special knowledge in digitalisation of processes and client offerings
Hamers previously was CEO with UBS and ING
Commenting on his role as senior advisor to Arta
"A central focus of my leadership has been to take legacy businesses and digitalise
integrating front-to-back technology to drive efficiencies and make the lives of clients and colleagues easier
This often needs major and multi-year transformations in well-established organisations
I see the enormous opportunity of having incredibly smart people from the worlds of technology and finance coming together to build a platform that is more than ready to take its place amongst the world's leading wealth managers."
Mr. Hamers becomes part of a distinguished group of early investors in Arta
which includes more than 140 technology and finance leaders
such as ex-Google CEO Eric Schmidt and Mastercard CEO Michael Miebach
The Arta wealth platform is now available globally to all accredited investors on desktop and mobile. Early members will get their first investment up to $100K managed free for life by Arta (terms and conditions apply). To learn more about Arta, please visit artafinance.com
Important DisclosuresArta Wealth Management Pte
("Arta") is licensed by the Monetary Authority of Singapore ("MAS") whose products and services are only available to Accredited Investors
About Arta Finance:Founded by ex-Google executives
Arta Finance is a digital wealth platform for the savvy that enables more people to access the "financial superpowers" of the ultra-wealthy
intelligent public market strategies and structured products
Arta serves its members directly as well as empowering partner financial institutions to expand wealth management to new clients
Learn more at artafinance.com
introduced Arta AI – a new way to engage with wealth
giving clients a suite of AI agents to analyze..
Arta Finance has received a Capital Markets Services license from the Monetary Authority of Singapore
allowing it to provide services to Accredited Investors in Singapore
SINGAPORE, July 18, 2024 /PRNewswire/ -- Arta Finance
a digital family office for Accredited Investors
today announced it has received approval to launch in Singapore and plans to open its platform for Singaporean residents and others investing through Singapore later this year
The launch in Singapore follows a significant expansion of Arta's product offering and team of industry leaders
as well as its exit from stealth in 2022 with more than S$120 million (US$90 million) from Peak XV (formerly Sequoia Capital India & SEA)
and more than 140 tech and finance luminaries
"Singapore's rise as a global capital of wealth makes it an ideal location for innovation and financial technology
Launching Arta in Singapore allows us to serve investors globally through this highly trusted financial hub," said Caesar Sengupta
we aim to democratize access to high-powered financial strategies
ensuring the wealth management tools of the ultra-wealthy are available to a wider audience
We are excited to bring these financial superpowers to many more people through our launch in Singapore."
available only to the ultra-wealthy through family offices and private banks
These institutions typically employ teams of professionals who use sophisticated financial strategies and tap into exclusive investment opportunities
unlocks liquidity through lines of credit for eligible members
and harnesses AI to enable intelligent investing in public markets
Members are also plugged into Arta's ecosystem of financial and lifestyle professionals who help them protect and enjoy their wealth
The company does this while eliminating the administrative overheads
and eye-watering fees often faced by people looking for financial advice
"Combining advanced financial strategies with AI is the type of visionary thinking that brings about real step-function change
I am so impressed with what Arta has built by applying advanced AI and ML to investing strategies and look forward to seeing this fantastic team create tremendous value for so many people," said Eric Schmidt
Co-Founder of Schmidt Futures and Former CEO & Chairman of Google
dual-headquartered in Singapore and the U.S.
has made significant strides in the past year
the company has successfully launched and expanded its presence in the U.S
Its innovative approach to financial technology has garnered recognition
earning Arta the 2023 "Fintech Trailblazer" title by Nasdaq
and the prestigious GGV Fintech Innovation Award
Arta Finance plans to formally open its platform to Accredited Investors in Singapore later this year. To learn more about Arta Finance and sign up for the waitlist, please visit www.artafinance.com/sg
Important Disclosure InformationThis document is for informational purposes only and is not an offer or solicitation to purchase or sell securities
Arta Finance believes information presented is accurate at the time of publishing
including the potential for principal loss
Past performance is no guarantee of future results
All opinions expressed herein constitute the author or quoted individual(s)'s judgment as of the date of this document and are subject to change without notice
market conditions and the experience or expertise of the author or quoted individual(s) are based on current expectations
Endorsements were provided at the request of Arta Finance
The investments discussed herein may be unsuitable for investors depending on their specific investment objectives and financial position
Investors should independently evaluate each investment discussed in the context of their own objectives
risk profile and circumstances before deciding to invest with Arta Finance
Registration with the SEC as a registered investment adviser does not imply a certain level of skill or training. See additional disclosures here
SAN FRANCISCO, Oct. 8, 2024 /PRNewswire/ -- Arta Finance
a digital wealth management platform and SEC registered investment advisor
today announced its approval as a Managed Separate Accounts (MSA) investment manager for PruLife Private Placement Variable Universal Life (PPVUL) policies
This approval marks a major milestone in Arta's mission to streamline the process for high-net-worth and ultra-high-net-worth members to access life insurance solutions for estate and tax planning
Arta's wealth management platform offers the flexibility to invest across asset classes and its technology solves pain points around reporting and investment choices
complemented by a team of highly experienced investment and insurance professionals
Instead of the traditional model of working with a range of firms and experts to structure a PPVUL policy and manage its investments
Arta's vertically integrated model allows policyholders to manage the process with a single firm
partnering with leading insurance companies such as Prudential Financial as the policy issuer
helping members understand their protection needs
and giving them access to a variety of solutions from more than 30 life insurers across the United States
Arta's insurance team is not compensated on commission and the firm does not have volume-based deals with insurers
helping minimize conflicts of interest typical to the insurance distribution model
"We're thrilled to be part of Prudential's elite network of registered investment advisors that manage their PPVUL investments," said Samita Malik
"Prudential is an insurance industry leader
with a 145 year history and over 50 million customers around the world
Now new and existing PPVUL policyholders have a technology-first option for their portfolio management."
Arta Finance is a digital family office with expertise and offerings spanning investment, tax, insurance and beyond. Insurance is only one component of an individual's financial picture and Arta is focused on helping clients manage it holistically. Learn more at artafinance.com
About Arta Finance:Founded by ex-Google executives
Arta Finance is a digital wealth platform for the savvy that enables more people to access the financial advantages of the ultra-wealthy
The platform provides access to private market investments from leading fund managers
and sophisticated financial services such as tax and estate planning
Arta serves its members directly as well as empowering financial institutions to expand wealth management to new clients
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ForeStructured Growth II: Registered Index-Linked Annuity
RIA Quarterly Period: Q4 2024
4 Reasons To Sell Simplified Issue Disability Income Insurance (SIDI)
registered investment advisors and wealth managers with comprehensive coverage of the products
services and information they need to guide their clients in making critical wealth
Gary Sawatzky of the Alberta Retired Teachers' Association (ARTA) has held various roles throughout his career – each of which significantly influenced his approach to managing retirees' benefits plans.
“I've worked with ARTA for most of my career
starting as an analyst in benefits consulting
then moving through service roles and secondary consultancy
and then finally working for them directly as their COO
Such rapid growth meant we needed to ensure the needs of both older and younger retirees were looked after
bringing interesting challenges to plan design discussions.”
one core aim in his current role is furthering ARTA’s outreach while simultaneously looking after all their members’ needs.
“Continuous growth is all about looking after the needs of our members,” he says
“Retirees have significantly different needs and demands than active employees
so we need to take a different approach with the plan design.”
ARTA's benefits plan includes unique provisions tailored to retirees.
“We provide several benefits that are not normally covered by active plans and have a different focus
so our emergency travel plan is the best option available for our members,” Sawatzky explained
Their plan does not include a termination age or a stability clause for pre-existing conditions
“Our plan wording allows members to continue traveling without needing to track the last time they spoke to their physician or when their medications changed
This is very unique in the marketplace.”
ARTA ensures that members have access to new drugs and technology.
“We began covering the shingles and RSV vaccines after they became available because our members benefit the most from them
We also implemented virtual physician services
as many members have mobility issues or they may no longer have a primary care physician.”
Sawatzky also addresses significant challenges within his role
particularly in maintaining and enhancing the value of ARTA's benefit plans.
“Our plan is voluntary and fully paid for by participants
Stretching their benefits premiums as far as possible is always our primary objective
we reached a tipping point where it made more sense to administer the plan ourselves
generating savings that were returned to the plan.”
Another innovative step was opening ARTARx
one of the first plan-owned pharmacies in the country.
“Members are free to use any pharmacy
but those who use ARTARx enjoy higher coverage levels and maximums
All profits generated are returned to the plan to offset premium increases.”
Sawatzky sees maintaining comprehensive coverage while managing costs as the biggest challenge.
“New drugs and technology are inherently more expensive than those they replace
and their demand tends to increase in retirement
Retiree plan sponsors must carefully consider the effectiveness of these new products and drugs.”
we are always open to new ideas and ways of doing things as long as they benefit our members
Retirees’ benefits needs are considerably different than those of active employees
Recognizing that enables us to continue providing the best retiree benefits available.”
COMO Cocoa Island is delighted to announce the appointment of Arta Rozefelde as its new Resort Manager
Rozefelde brings over 25 years of experience in the hospitality industry
including leadership positions at exclusive private islands in the Philippines and the Seychelles
where she held management roles in several luxury hotels
Arta's deep understanding of remote luxury destinations and her passion for creating exceptional guest journeys align seamlessly with COMO Cocoa Island's ethos
Her expertise encompasses front office operations
with a focus on creating guest-centric experiences
and implementing rigorous quality standards
Rozefelde will oversee all aspects of the resort's management and operations
driving excellence across departments and ensuring exceptional guest experiences that reflect COMO's signature approach to luxury hospitality
and the roofscape of the site’s heritage buildings
A bespoke locking system allows for easy installation and removal
accommodating diverse seating arrangements
This adaptability supports a range of uses at this cultural site
from large-scale performances to small gatherings or individual moments of quiet reflection
all images by Kevin Mak
including Gold Awards at the Better Future – Asian Design Awards 2023 and the Hong Kong Smart Design Awards 2023
a versatile public furniture system adaptable by any user
the system playfully integrates with the Tai Kwun Arts and Cultural Center’s blend of historic and contemporary architecture
a bespoke locking system allows for easy installation and removal
Tai Kwun Chairs’ adaptability supports a range of uses at this cultural site
ARTA Architects crafts the seats from wood in a range of natural hues
architect: ARTA Architects | @arta_architects
photographer: Kevin Mak
AXOR presents three bathroom concepts that are not merely places of function
but destinations in themselves — sanctuaries of style
Digital wealth platform Arta Finance has appointed Melissa-Ann Chan as its new chief marketing officer (CMO)
a position newly created within the company. Chan joined Arta Finance as a founding member more than two years ago.
This move aligns with Arta Finance's ongoing global expansion
which has seen operational growth since its launch in the United States last year
Chan also has over 14 years of experience at Google
where she played a crucial role in developing and scaling the Google Pay platform
She also managed the technology roadmap for Google’s retail locations across America and Europe and contributed to the launch of several programmatic advertising platforms
Don't miss: Tune Talk appoints new CMO"After two years of developing the Arta platform and experiencing significant growth in client base and AUM
we are solidifying our team structure as we evolve from a start-up to a rapidly expanding wealth management platform
Mel's official appointment to the CMO role follows her effective leadership in redefining wealth management," said Caesar Sengupta, Arta Finance co-founder and CEO."I’m grateful for the trust and support from our executive team
and my colleagues at Arta in Singapore and Silicon Valley
Arta represents a transformative direction in private wealth management
merging advanced AI with private banking sophistication
Our growth reflects our success in widening access to financial opportunities
inspiring a new generation of investors," said Chan. In October 2024
as an external senior advisor to facilitate international growth
The company also launched a new B2B 'wealth-as-a-service' platform
aimed at helping partner banks offer innovative wealth management solutions
with Abu Dhabi's Wio Invest as the first adopter
Arta recently secured investment from EDBI
the strategic investment arm of the Singapore Economic Development Board and formed a partnership with Temasek Trust's Co-Axis initiative to fund impact projects
aiming to raise US$30 million over two years
We break down the big and messy topics of the day so you're updated on the most important developments in Asia's marketing development – for free.
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Advertisers, internet giants and ad tech companies to meet as brands shift marketing strategies on the fly to account for unpredictable tariffs.
telecommunications and marketing trends CMOs need to know
gaming and technology at Campaign US and PRWeek and graduated from Columbia University's Graduate School of Journalism
Brandon Doerrer is Ad Age's brand marketing reporter
Brandon Doerrer is a brand marketing reporter for Ad Age
He has worked in newspapers from Albany to New York City
He has also worked at every advertising industry trade publication that matters
and he once visited Guatemala and once rode the Budapest Metro
Gillian Follett is a general assignment reporter for Ad Age. She writes about a variety of topics including social media
influencer marketing and the creator economy
Gillian graduated from Syracuse University’s S.I
overseeing breaking news and daily coverage
He also contributes reporting on the beverage
automotive and sports marketing industries
He is a former reporter for McClatchy newspapers
where he covered business and state government and politics
He previously covered the private equity industry as a reporter for PEI Media
Lindsay Rittenhouse is a senior reporter for Ad Age
covering broad advertising industry trends
He was previously a freelance journalist and podcaster covering pop culture and entertainment as well as a Pilates instructor and a professional dancer
the “Scream” franchise and Halloween costumes
covers household and personal-care marketers
He's based near Cincinnati and has previously written for the Atlanta Journal Constitution
woodworking and graphic design industries and worked in corporate communications for the E.W
He previously covered corporate communications and public relations agencies as a reporter at PRWeek
Jon Springer covers sports marketing and beverage marketing
He formerly covered the food retail industry for Winsight and Supermarket News
and is a former sports and features writer for The Cecil Whig
Adrianne Pasquarelli is a senior reporter at Ad Age
She is also a host of the Marketer’s Brief podcast and spearheads special reports including 40 Under 40 and Hottest Brands
Pasquarelli joined Ad Age in 2015 after writing for Crain's New York Business
where she also focused on the retail industry.
Bradley Johnson is Ad Age's director of data analytics
Johnson focuses on data and financial topics related to marketing
Los Angeles and New York including editor at large
Greg Hahn is co-founder and chief creative officer of Mischief @ No Fixed Address
Katie Brown is director of business strategy at Luquire
Too busy prepping for bedtime w my 10 step skincare routine and sleepy girl mocktail to text back
don't tempt me https://t.co/XssJp0kyQZ
View this post on Instagram A post shared by Boll & Branch (@bollandbranch)
which has also pushed into the Singapore market
says it is using digital tech to change the way in which wealth management services and solutions are delivered
Honda didn’t have to wait long to see the new Civic Type R-GT win in the Autobacs SUPER GT Series
and what a win it was: A 1-2 finish for Honda at the Fuji GT 350km Race
led by the winning #8 ARTA Mugen Civic Type R-GT of Tomoki Nojiri and Nobuharu Matsushita
Sunday’s 77-lap race at Fuji Speedway was the first race in over two months
and the first leg of SUPER GT’s traditional “mid-summer triple” rounds – followed by the upcoming Suzuka 350km and Sugo 300km
It was a big opportunity for some teams to make up ground in the championship after tough starts to the season
No team took that to heart like the squad behind the bright orange #8 ARTA Civic
The duo of Matsushita and Nojiri won pole position on Saturday
and then on a scorching summer Sunday afternoon
Nojiri led the GT500 field to the green flag and through the first corner
The three Hondas that qualified up front held their positions early on
with the #100 Stanley Civic of Tadasuke Makino in second
and the Dunlop-clad #64 Modulo Civic of Takuya Izawa in third
Nojiri spent the first half of the race steadily building his lead over Makino
while both began to break clear from Izawa
Nirei Fukuzumi was on a charge from eighth place on the grid
his #14 Eneos X Prime Toyota GR Supra moved up to fifth behind the #38 KeePer Cerumo GR Supra of Hiroaki Ishiura
Fukuzumi drew alongside Ishiura headed into TGR Corner and grabbed fourth place
With a bold send up the inside of Panasonic Corner (turn 16)
Many observers were curious to see how the extra 50 kilometres would affect strategy
but how early would cars begin to come to pit lane
That question was answered as soon as lap 29 when the #3 Niterra Motul Nissan Z (Mitsunori Takaboshi/Atsushi Miyake) went into the pits for routine service
and the #100 Stanley Civic came in on lap 32
for routine service and a change of drivers to Naoki Yamamoto
Matsushita exited the pits with the net lead over Yamamoto
while the top two Toyotas effectively traded positions – as TGR Team KeePer Cerumo used the undercut to get the #38 of Toshiki Oyu out ahead of Kazuya Oshima in the #14 Eneos GR Supra
Matsushita had a lead of around 5.8 seconds over Yamamoto – but the two-time GT500 Champion began reeling him in quickly through traffic
that gap came down to under a second and a half
and Yamamoto seemed poised to take the lead for Team Kunimitsu
and as the sun began to set and the track cooled off
the #8 ARTA Civic was able to stabilize its margin and start pulling away again
With 15 laps to go and most eyes transfixed on other battles behind them
Matsushita pulled out the gap back to 2.5 seconds
smooth driving was enough for Matsushita to take the chequered flag and the milestone first win for the Civic Type R-GT in its first year as Honda’s GT500 flagship vehicle
It was also the perfect cure for two painful three-hour races in the spring
where the #8 team retired due to drivetrain problems at Fuji and Suzuka
his tenth career GT500 win encompasses two important career milestones: He became the ninth driver to reach double-digit victories in SUPER GT’s premier class
He also extends his streak of consecutive seasons with a win to eight
“Until now we have had some hard times
but I came into this race as the starting driver with the aim of putting that all behind us,” said Nojiri
Nojiri heaped praise on his co-driver’s poise in the second half of the race: “When the #100 car started to close in on Matsushita-san from behind
I had fears for a while of the old ghosts returning
he was able to run strongly and pull away in the lead
“I just want to say first of all that it is great to have gotten the first win for the Civic Type R
I am really glad we have gotten this win,” added Matsushita
who recorded his third career GT500 victory
“Nojiri-san gave us a big margin of lead
but Yamamoto-san in car #100 was very fast
put the metal to the floor and charged ahead with all I had
Completing Honda’s milestone 1-2 finish – the first Honda 1-2 since Autopolis in 2022 – was the #100 Stanley Team Kunimitsu Civic of Yamamoto and Makino
recording their best finish of the season in second
Yamamoto and Makino would make the biggest inroads in the GT500 Championship race
moving up to second place in the table behind TGR Team au TOM’S drivers Sho Tsuboi and Kenta Yamashita
TGR Team KeePer Cerumo’s Ishiura and Oyu finished third
giving Cerumo its first GT500 podium since the Autopolis round in 2021 – and the first podium since Yuji Tachikawa transitioned from lead driver to Team Director
this was his first GT500 podium since leaving Honda for Toyota this off-season
In fourth place was the #14 Eneos X Prime GR Supra of Oshima and Fukuzumi
Nissan’s fleet had a mostly wretched day at Fuji: Both NISMO-run cars
the #3 Niterra Motul Z and the #23 Motul Autech Z (Katsumasa Chiyo/Ronnie Quintarelli) finished a paltry 12th and 13th
The #24 Realize Corporation Advan Z (Tsugio Matsuda/Ronnie Quintarelli) was battling for points until Natori suffered a slow left-rear puncture with 15 to go
The only saving grace was a fifth-place finish for the #12 Marelli Impul Z (Kazuki Hiramine/Bertrand Baguette) – one position ahead of the #64 Modulo Civic of Izawa and Riki Okusa
whose sixth-place finish was the best for a non-Bridgestone GT500 entry this season
Hiramine made an opportunistic move behind slower GT300 traffic to fight past Okusa late in the race
Sho Tsuboi and Kenta Yamashita put together a brilliant drive to go from 14th on the grid to securing precious championship points in the #36 au TOM’S GR Supra
Tsuboi ran a long first stint to try and gain track position
and Yamashita took over the car from tenth place
Yamashita’s battle with Natori for ninth place was especially gripping – the Nissan was much faster on the straights without any fuel-flow restrictors
but the Toyota seemed to be quicker in the corners
Yamashita got past Natori before the #24’s puncture could have spoiled the fun
then ran down the #19 WedsSport GR Supra of Sena Sakaguchi for eighth place
And then on the last lap and the last run to the chequered flag
the #17 Astemo Civic of Koudai Tsukakoshi ran out of fuel
and Yamashita drove past for seventh place
Tsukakoshi and Kakunoshin Ohta dropped only one position to eighth despite that
ahead of Sakaguchi and Yuji Kunimoto in ninth
Rounding out the points scorers was the #37 Deloitte TOM’S GR Supra (Ukyo Sasahara/Giuliano Alesi)
which started the day getting airborne off the kerbs at turn 12 during Sasahara’s first stint
and ended it with Alesi passing the #16 ARTA Civic of Ren Sato for the last points-paying position
Tsuboi and Yamashita continue to lead the GT500 Championship standings
but their lead has dropped to four points over Yamamoto and Makino heading into the Suzuka 350km on 1 September
GT500 RACE RESULTS >>
K2 R&D LEON Racing stood victorious in the GT300 class
The black #65 LEON Pyramid Mercedes-AMG GT3 of Naoya Gamou
and team manager/reserve driver Haruki Kurosawa picked up a runaway victory
ahead of the new #87 Metalive S Lamborghini Huracán GT3 EVO2 of Natsu Sakaguchi
But the story of the early laps was carnage and attrition amongst several other cars
The #61 Subaru BRZ R&D Sport (Takuto Iguchi/Hideki Yamauchi) was tagged from behind on the opening lap by the #6 Uni-Robo Bluegrass Ferrari 296 GT3 (Yoshiaki Katayama/Roberto Merhi Muntan)
That inflicted severe damage to the Subaru’s diffuser
and a bad race would only get worse from there when the car stopped off of 100R Corner – according to Subaru and R&D Sport
the pit lane speed limiter refused to disengage following a Full Course Yellow
Iguchi and Yamauchi finished 12 laps down in 24th
The #9 Pacific NAC VSPO AMG (Ryohei Sakaguchi/Yusuke Tomibayashi/Yuta Fujiwara) only made it a single lap before stopping near the entrance of the pit lane with a terminal differential issue
An engine mapping problem caused the #50 Anest Iwata Lexus RC F GT3 (Igor Omura Fraga/Yuga Furutani) to come in for a once-over and drop off the lead lap
the #25 Hoppy Schatz Toyota GR Supra (Togo Suganami/Takamitsu Matsui/Kimiya Sato) stopped near Dunlop Corner
Thankfully it was nowhere close to the spectacular fire from this event last year
but it was still a race-ending mechanical problem
and one that brought out a Full Course Yellow
Shinohara spotted the stranded Hoppy GR Supra in the final sector and his team called him into the pits for routine service
and as long as Gamou could get to the end without stopping
Gamou spent his 46-lap stint managing his resources and clicking off quick laps
ultimately driving on to take the win by a whopping 31-second margin
It was his and LEON Racing’s first win since the September 2020 race at Mobility Resort Motegi
but I am especially glad because we were able to put together a race that really satisfied us,” said Gamou
who collected his sixth career win in GT300
“We were able to get this win in front of my family and many other fans
it was his second career win – his first since the November 2021 race
“We were able to pull away at the start and were also helped by the good timing of our pit stop
And then Gamou-san did a fantastic job for us in the second half
I am so glad for all this,” said Shinohara
all I did was report the condition of the car that had stopped over the radio
and it was the decision of the people in the pit to have me come in
Kurosawa won’t get credit for the win as a driver
but he was certainly proud to return the LEON Racing team to the top step of the podium as the Team Director
the #4 Goodsmile Hatsune Miku AMG of Nobuteru Taniguchi and Tatsuya Kataoka completed a Mercedes-AMG 1-2 finish in second
while the #56 Realize/Nissan Mechanic Challenge GT-R (Daiki Sasaki/João Paulo de Oliveira) came home in third
Taniguchi spent much of his closing stint fighting to stay ahead of a hard-charging Oliveira
On a weekend when SUPER GT honoured the memory of the late Team Taisan founder Yasutsune Chiba
could stand on the podium – the 50th of his career
The #777 D’station Aston Martin Vantage GT3 (Tomonobu Fujii/Charlie Fagg) showed that its win at Suzuka was no fluke and finished fourth
The two JLOC Lamborghinis were fifth and sixth with the #88 JLOC Lamborghini (Takashi Kogure/Yuya Motojima) besting the #87 Metalive Lamborghini (Kosuke Matsuura/Natsu Sakaguchi)
Both JLOC cars changed rear tyres only in a race where teams tried different tyre strategies even in the summer heat
It didn’t work out for two teams that tried fuel-only stops: The #31 apr Lexus LC 500h (Kazuto Kotaka/Jin Nakamura/Yuki Nemoto) used the strategy to jump to net second place after its stop
but the hybrid Lexus would tumble down to 12th at the chequered flag
As for the #52 Saitama Green Brave Toyota GR Supra (Hiroki Yoshida/Seita Nonaka)
they dropped out of the points with a mechanical issue and retired from the race with six laps left
The #7 Studie BMW M4 GT3 (Seiji Ara/Niklas Krütten/Bruno Spengler) finished seventh in a race driven exclusively by foreign imports Spengler and Krütten
the #2 muta Racing Toyota GR86 (Yuui Tsutsumi/Hibiki Taira) mounted a comeback from 18th to finish eighth
allowing Tsutsumi and Taira to maintain their slim lead in the GT300 Championship
The #6 Uni-Robo Ferrari of Katayama/Merhi would finish ninth
while the final points-paying position would come down to a photo finish
the #11 Gainer Tanax Nissan Fairlady Z (Ryuichiro Tomita/Keishi Ishikawa) not only finished its first race but also scored its first top-ten finish
This came at the expense of the #45 PONOS Racing Ferrari (Kei Cozzolino/Lilou Wadoux) which ended up in 11th
a 21st-place finish for the #22 R’Qs AMG GT3 wouldn’t be a noteworthy result – but during her first stint
Miki Koyama made some attention-grabbing overtakes in the middle of the GT300 pack
and brought the #22 car closer to the sharp end of the grid than this car has been in some time
The only other retirement was the #96 K-tunes RC F GT3 (Morio Nitta/Shinichi Takagi) which dropped out with a damaged radiator
GT300 RACE RESULTS >>
Author: RJ O'Connell
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June 1 (Sat) - 2 (Sun) — The third round of the 2024 SUPER GT series specially named as “SUZUKA GT 3Hours Race” was held at Suzuka Circuit (Mie Pref.) and five CIVIC TYPE R-GT cars and a NSX-GT3 car participated in each of the GT500 and GT300 class
was run on a “3-hour” time-oriented format
Suzuka on June 1 (Sat) was greeted by the clear morning sky and the bright sun burned down on the entire circuit
The CIVIC TYPE R-GT squadron hustling on the home soil marked top times right from the morning practice session
and looked perfectly ready for the afternoon qualifying sessions
saw #8 ARTA MUGEN CIVIC TYPE R-GT (Nobuharu Matsushita) clocked the 2nd best time
#17 Astemo CIVIC TYPE R-GT (Kakunoshin Ohta) 3rd
#16 ARTA MUGEN CIVIC TYPE R-GT (Ren Sato) 4th
#100 STANLEY CIVIC TYPE R-GT (Naoki Yamamoto) 6th and #64 Modulo CIVIC TYPE R-GT (Riki Okusa) 7th
all five Honda GT500 entrants made way to Q2 with prosperous times
#17 Astemo CIVIC TYPE R-GT (Koudai Tsukakoshi) nullified the fine effort in Q1 by the spin and ended up in a lowly 15th grid
another CIVIC TYPE R-GT division carrying lighter success weights performed correspondingly well: #16 ARTA MUGEN CIVIC TYPE R-GT (Hiroki Otsu) and #8 ARTA MUGEN CIVIC TYPE R-GT (Tomoki Nojiri) marked 2nd and 4th fastest (aggregated) time with #100 STANLEY CIVIC TYPE R-GT (Tadasuke Makino) and #64 Modulo CIVIC TYPE R-GT (Takuya Izawa) following in 10th and 13th respectively
the drizzling clouds in the morning gradually scattered and at 1:30 p.m.
There were small puddles still remained at places on the track where all runners shod with dry tires
lined up at the starting grid and waited for the green signal
#16 ARTA MUGEN CIVIC TYPE R-GT (Otsu) off from the 2nd grid hung on doggedly to the pole sitter (#37 GR Supra)
but was pulled away little by little thereafter
slid down to 3rd on Lap-5 after being chased hard and finally passed by #14 car
Otsu headed for the pit and handed the car over to Sato after tire change and refueling
Sato got back into the race resuming the same virtual 3rd position and resolutely began his stint
#8 ARTA MUGEN CIVIC TYPE R-GT (Matsushita) came into the pit after running 32 laps in 4th
but unfortunately slowed down on Lap-44 due to a drive train failure
and returned to the pit only to decide early retirement
#16 ARTA MUGEN CIVIC TYPE R-GT (Sato) accumulated laps maintaining the 3rd position
and transferred to Otsu who returned the race in 3rd as well
a drive-through penalty was given to the race leader
and thus #16 ARTA MUGEN CIVIC TYPE R-GT (Otsu) was automatically raised to 2nd albeit just for a while
closing in on #16 car and overtook it at Hitachi Astemo Chicane on Lap-78
#16 ARTA MUGEN CIVIC TYPE R-GT (Otsu) went on to finish the race in 3rd at least
the progress of tire wear suddenly became crucial at around 30-minutes to go
While the acute degradation of tires forced tangible pace down
and defended the 3rd position with 0.530-sec gap from the immediate pursuer
#17 Astemo CIVIC TYPE R-GT (Tsukakoshi/Ohta) departing from 15th grid has been going on a high pace and steadily made up positions
#17 car caught up with #100 STANLEY CIVIC TYPE R-GT (Yamamoto/Makino)
Yamamoto/Makino duo also got their share of points
achieving 3-straight point finishes from the opening round
created and edited by the Finextra editorial team based upon its relevance and interest to our community
Former UBS chief executive Ralph Hamers has become an external senior advisor for Arta Finance
an AI-based digital wealth management startup founded by former Google executives
Discover new challenges and opportunities artificial intelligence brings to the banking sector at Finextra's first NextGenAI conference on November 26 2024. Register your interest here.
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SINGAPORE, 24 October 2024 – Arta Finance (“Arta”), a digital wealth platform transforming the way people grow, protect, and enjoy their wealth, and Co-Axis, a digital impact marketplace connecting ~100 impact projects from over 40 countries with funders
have partnered to secure a target of US$30 million for impact projects over two years
the partnership will expand the reach of Co-Axis projects
all aligned with the UN Sustainable Development Goals
while accelerating both organisations’ efforts to redefine business success as one that gives back to stakeholders and communities.
Unlocking New Investment and Funding Approaches for Global Impact Projects
including high- and ultra-high-net-worth individuals and family offices
will be able to access all impact opportunities on the Co-Axis platform and an additional eight curated for the Arta platform that align closely with the interests of its clients
Refer to the Annex for more details on their opportunities
As Arta holds a Capital Markets Services license from the Monetary Authority of Singapore
its clients can access opportunities that involve not just charitable contributions but also debt and equity instruments
enabling a wider range of impact investment strategies and approaches.
Leveraging Ecosystem Synergies for Impact
Co-Axis will collaborate with Arta to conduct webinars and other engagement activities for the Arta community
aimed at building knowledge and capacity in philanthropy and impact by leveraging Co-Axis’ extensive network of partners
This network includes other Temasek Trust ecosystem entities such as the Centre for Impact Investing and Practices (“CIIP”) and the Asia Centre for Changemakers (“ACC”)
Arta clients will also gain access to philanthropy advisory and management services through TT Foundation Advisors (“TTFA”).
Arta will engage its global network to support impactful projects that reflect their values and aspirations
Arta will strengthen Co-Axis’ platform capabilities by supporting its technology development.
“Asia’s unique demographic and economic dynamics present a particularly important opportunity for delivering impact at scale
The region is facing some of the world’s most significant environmental and social challenges
but it is also home to some of the most innovative solutions
Arta’s private wealth platform will play a key role in amplifying its reach
ensuring that our members have the opportunity to be part of this growing ecosystem and contribute to a more sustainable and equitable future.”
“Co-Axis is delighted to partner with Arta Finance to connect the global impact ecosystem and scale the support for solutions addressing urgent social and environmental challenges
With impact measurement at the core of Co-Axis
Arta members will be empowered to make more informed and strategic funding decisions for the causes they care about
and resources to unlock the catalytic funding needed to accelerate and scale promising impact projects for a more sustainable tomorrow,” said Ms Joycelyn Ong
Edelman for Co-Axis[email protected]
Leon Communications for Arta Finance [email protected]
Co-Axis or “Collaborative Action to Xcelerate Impact and Sustainability”
is an online platform that aims to catalyse high-impact solutions at speed and at scale by unlocking blended finance across the capital spectrum and galvanising action in the global impact community
our commitment extends beyond enabling transactions
We empower the sharing of best practices and critical insights through networking forums
global impact leaders come together to seed capital
and spur innovation for a better tomorrow.
advocate of sustainability and catalyst of positive impact
It provides governance and financial oversight of endowments for an ecosystem of entities with the shared purpose of building better for every generation by protecting the planet
In forging new pathways for philanthropy and impact investing with like-minded partners
Temasek Trust aims to promote catalytic philanthropy as a force for good.
Prudential Financial provides distinctive life insurance solutions through Arta Finance
a digital wealth management platform and SEC-registered investment adviser
has been approved as a Managed Separate Accounts (MSA) investment manager for PruLife Private Placement Variable Universal Life (PPVUL) policies
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This approval is a significant step toward Arta’s goal of making it easier for high- and ultra-high-net-worth members to access life insurance solutions for estate and tax planning
Don’t let policy changes catch you off guard
Stay proactive with real-time data and expert analysis
Along with a team of highly skilled investing and insurance specialists
Arta’s wealth management platform enables the ability to invest across asset classes and its technology alleviates pain points related to reporting and investment choices
By collaborating with insurance companies like Prudential Financial as the policy issuer
policyholders can manage the process through a single firm with Arta’s vertically integrated model
which eliminates the need for policyholders to work with multiple firms and experts to structure a PPVUL policy and oversee its investments
Since commencing its insurance offering in 2023
Arta has obtained almost $150m in life insurance coverage and provides the entire spectrum of life insurance solutions
It is a full-service insurance brokerage that offers members access to a range of options from over 30 life insurers in the US
as well as assistance in understanding their protection needs and the availability of appropriate policies
Arta’s insurance staff is not paid on commission
and the company does not have volume-based agreements with insurers
which helps reduce conflicts of interest that are common in the insurance distribution model
chief insurance officer at Arta Finance stated: “We’re thrilled to be part of Prudential’s elite network of registered investment advisors that manage their PPVUL investments
Prudential is an insurance industry leader
with a 145-year history and over 50 million customers around the world
Now new and existing PPVUL policyholders have a technology-first option for their portfolio management.”
Arta Finance is a digital family office with experience and offerings in investment
Insurance is simply one part of an individual’s financial picture
and Arta focuses on assisting clients in managing it effectively
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SCOR P&C has announced the appointment of Arta Nasradini (pictured above) as head of aviation
Nasradini will be based in Zurich and will join the reinsurance specialty lines management team
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Nasradini brings significant experience in underwriting aviation risks. Most recently, she managed the DACH Aerospace portfolio team at AIG. Earlier in her career, she held various roles in aerospace underwriting at Swiss Re Corporate Solutions
working in areas such as client management
and underwriting across locations including Munich
She holds a dual degree in international management and finance from Hochschule Augsburg in Germany and Ecole Supérieure de Commerce Extérieur in France.
Jenck said that Nasradini’s industry background positions her to strengthen SCOR’s aviation reinsurance portfolio by leveraging the existing team and the company’s global presence.
“With her extensive industry experience
Arta is well-positioned to maximize the value of SCOR’s Aviation reinsurance portfolio
I look forward to working with Arta and wish her every success in her new role,” Jenck said
and marine specialty lines underwriting teams until his retirement at the end of 2024
“Adrian’s remarkable contributions to SCOR have had a significant impact on our portfolio
I wish him the very best in his well-deserved retirement,” Poxon said
Earlier this month, AM Best affirmed the credit ratings of SCOR SE and its main subsidiaries
removing them from review and assigning a stable outlook
The decision follows a comprehensive review of SCOR’s recent financial adjustments and strategic changes in its life and health (L&H) business
SCOR’s ratings had been under review since July 2024
when the company announced a detailed reassessment of its L&H reserving assumptions alongside its second-quarter results
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Arta Finance
It is now open to accredited investors in Singapore and international investors who are open to managing their wealth in Singapore
The international launch follows Arta’s debut in the US in October 2023
it has grown to manage hundreds of millions in assets for thousands of clients
will empower them to make smarter investment decisions and ideate
“Arta is at the intersection of some powerful trends
We are now taking a major leap forward with our global launch and can’t wait to bring the Arta wealth platform and AI Copilot to the global community in the months and years ahead.”
Arta also took a major step on its B2B journey with the announcement that Abu Dhabi’s Wio Invest would be the first of many financial institutions to integrate the Arta wealth-as-a-service platform into Wio’s digital investment platform
The ‘Wealth-as-a-Service’ platform for banks is a new B2B offering by Arta
It was done with support from the venture-building team of the Singapore Economic Development Board (EDB)
To help integrate a cloud and AI native wealth platform into legacy systems at partner banks
Arta is also announcing partnerships with Google Cloud and global management and technology consultancy Capco to provide solutions for banks looking to adopt Arta’s technology
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Arta Finance launches globally in Singapore
and introduces Wealth-as-a-Service for banks
a rapidly expanding digital wealth management platform has been launched worldwide
Arta’s platform is available to both foreign and accredited investors in Singapore who are interested in managing their wealth there
Singapore is a global hub for wealth management
with 1.6 million non-Singaporeans predicted to handle $4.8trn in assets by 2028
Arta’s worldwide launch follows its effective debut in the United States in October 2023
where it evolved to handle hundreds of millions of dollars in assets for thousands of clients
In contrast to many other financial institutions
Arta’s wealth platform provides a carefully curated transaction flow that comprises new structured products
private investments from select fund managers
and astute public market strategies – all without the sales pressure
support for philanthropic giving in collaboration with Co-Axis
and an AI Copilot that speaks Singlish are just a few of the distinctive elements of Arta’s Singapore-designed product
Arta also launched the first AI Copilot designed specifically for wealth management and finance
which will be gradually rolled out to members
will enable them to make better investment decisions by allowing them to ideate
and monitor their portfolios using tools and insights that would normally require large teams of relationship managers
Arta’s AI systems are designed for wealth and finance applications
utilising large language models and a combination of commercially available models
combining LLM fluency with time sensitivity
Arta’s AI stack is privacy-preserving
Alvin Tan, Singapore’s Minister of State for Trade and Industry, and MAS board member helped launch Arta in Singapore
Arta CEO Caesar Sengupta stated: “Arta is at the intersection of some powerful trends
Abu Dhabi’s Wio Invest will integrate Arta’s wealth-as-a-service platform into its digital investment platform
creating a new wealth management offering for clients in the Middle East
supported by the Singapore Economic Development Board
enables partner banks to serve clients better and meet evolving demands with faster time-to-market
Arta is partnering with Google Cloud and global management consultancy Capco to provide solutions for banks adopting Arta’s technology
Singapore Country director and head of international expansion added: “Singapore is the natural home for Arta’s international business with its rising importance as Asia’s wealth hub
The launch of the B2B business is an extension of Arta’s mission
We are proud to welcome Wio as our launch partner and look forward to growing together.”
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Arta Finance has launched Arta AI
an artificial intelligence-powered tool aimed at helping users manage their wealth through a digital interface
The platform enables clients to engage with a suite of AI agents for portfolio analysis
The new feature is designed to offer personalized
on-demand assistance through voice or text
allowing users to ask questions such as “How is my portfolio performing?” or “What should my portfolio look like?”
Arta AI tailors its responses based on each client’s financial goals and preferences
Arta AI will be offered via monthly subscriptions starting at US$20
Clients with over US$100,000 managed by Arta will receive free access
The company also plans to extend the AI offering to partner banks and financial institutions as part of its business-to-business platform
Arta AI includes three primary agents: an Investment Planner that helps build tailored portfolios
a Product Specialist to guide users through Arta’s platform
and a Research Analyst to assist with investment ideas and security selection
The launch reflects Arta’s broader aim of making professional-grade investment tools more accessible to a wider range of investors
The company’s platform already provides accredited investors access to private equity
along with financial planning services and a community for sharing insights
More AI agents are expected to be introduced in the coming months as part of Arta’s expansion roadmap
“The old world of wealth management is built on exclusivity and high barriers to entry
AI brings a level of accessibility and intelligence to wealth management that was unimaginable just a few years ago.”
“Traditional private banking serves a fraction of the world’s investors
leaving millions without access to the tools that drive wealth creation
technology-driven wealth management.”
Featured image credit: Edited from Freepik
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a leading Hong Kong-based blockchain investor
and the Chairman and Non-Executive Director of Arta TechFin
implements his vision in bringing greater efficiency
and accessibility to real-world assets via Arta TechFin and the Chainlink platform
The collaboration will expand upon pre-existing fund tokenization efforts and enable ARTA's use of Chainlink services with respect to stablecoin issuance
ARTA plans to integrate and leverage a full suite of Chainlink services to provide a wide range of innovative tokenized real-world asset products and services to asset owners and regulated financial institutions
The upcoming partnership brings a much-needed market standard for originating
The ARTA-Chainlink solution aims to bring a wide variety of key asset data onchain and across different blockchains to unlock novel tokenized real estate and stablecoin use cases
This partnership will help meet the needs of asset owners and financial institutions in Hong Kong and abroad that are seeking greater levels of accessibility to the digital asset space for their clients
"We're excited about expanding the work that we're doing with both ARTA and Dr
"Hong Kong continues to show itself as a key hub for digital asset innovation
where we're seeing cutting-edge implementations from firms like ARTA for the improvement and greater evolution of the blockchain space in general."
"We are delighted to deepen our strategic partnership with Chainlink Labs to effect a revolutionary transformation of our best-in-class financial products and services
Our joint effort aims to satisfy market scarcity for an end-to-end solution that addresses pain points from off-chain primary origination and secondary trading to enhanced product integrity," said Eddie Lau
offering a hybrid of traditional and blockchain financial services in brokerage
In November 2023, ARTA announced that it was developing regulated
interoperable fund tokens on major chains and was collaborating with Chainlink Labs to use Chainlink services to help deliver fiat-based investment returns for ARTA clients
This partnership is another marker of Hong Kong's prominence as a leading digital asset hub
along with the recent announcements of spot Bitcoin and Ethereum ETFs
Given the high demand seen with fund tokenization
ARTA is now extending the collaboration with Chainlink Labs to bring more offerings to financial entities and large enterprises
About Arta TechFin Corporation LimitedArta TechFin (0279.HK) is a Hong Kong-based financial services platform. ARTA offers customized and exclusive financial management solutions for diverse customers' needs
We strive to empower our valued clients to realize their financial objectives with exceptional results
are licensed under Hong Kong Securities and Futures Commission for brokerage and asset management services. Other licenses include Hong Kong Stock Exchange participant
trustee license and money lending license in Hong Kong as well as Eurex Exchange and Chicago Mercantile Exchange participants
About Chainlink LabsChainlink Labs is the primary contributing developer of Chainlink
the leading technology platform for onchain data
The Chainlink platform enables financial institutions to develop customized
and future-proof blockchain applications and tokenized assets
Chainlink can power tokenized assets throughout their entire lifecycle
providing secure interoperability between any private or public blockchain to increase liquidity
and synchronizing asset data between blockchains and existing systems to maintain a unified golden record
and many others have collaborated with Chainlink to successfully demonstrate how financial institutions can use existing infrastructure and messaging standards to interact with tokenized assets across any blockchain
Nobuharu Matsushita give new Honda Civic Type R-GT its second SUPER GT pole position…
Honda locked out the top three positions in qualifying for this weekend’s Fuji SUPER GT round
as ARTA pair Tomoki Nojiri and Nobuharu Matsushita scored pole
Nojiri and Matsushita’s combined efforts at the wheel of the No
8 Honda Civic Type R-GT produced an aggregate lap time of 2:56.359
enough to take the top spot by 0.318 seconds from Team Kunimitsu Honda duo Naoki Yamamoto and Tadasuke Makino
It marked Honda’s second pole of the season with the brand-new Civic
the first one having come in the second round at Fuji in May
Makino had been fastest in Q1 with a time of 1:28.026
with Matsushita third-fastest in that session behind the Dunlop-shod Nakajima Honda of Riki Okusa
Nojiri was able to outpace his opposite number in the No
Takuya Izawa booked third on the grid behind the top two cars
which had only been seventh-quickest in the hands of Hiroaki Ishiura in Q1 but vaulted up to fourth place thanks to Toshiki Oyu setting the second-best time in Q2
Completing the top five was the Real Racing Honda of Koudai Tsuakoshi and Kakunoshin Ohta
while top Nissan was the Impul machine of Kazuki Hiramine and Bertrand Baguette which had been fourth after Q1 but slipped to sixth on aggregate
Another car to lose major ground in Q2 was the No
which ended up 10th despite Otsu setting the fifth-best time in Q1
The two NISMO Nissans struggled to 11th and 12th places
3 that sits second in the championship and is one of three cars carrying a fuel flow restrictor as part of its success handicap this weekend
36 car in 14th ahead of the Suzuka-winning No
LEON Racing Mercedes Beats JLOC to GT300 Pole
65 LEON Racing Mercedes-AMG GT3 Evo on pole for the second time this season
With the aggregate qualifying being scrapped for the lower class at the last moment owing to an oil spill in the earlier Japanese Formula 4 race
only the times in Q2 counted for the grid order
with Q1 only serving to determine the 16 cars fighting for pole
Takuro Shinohara had been second-fastest in his Q1 group in the LEON Mercedes
but come the pole shootout Gamou turned in a lap of 1:37.764 to beat Natsu Sakaguchi in the No
87 JLOC Lamborghini Huracan GT3 EVO2 by 0.051 seconds
87 car had only been shaken down on Saturday morning during practice after the team finally took delivery of a second EVO2-spec car on Thursday
Tatsuya Kataoka left it late to put the Goodsmile Racing Mercedes-AMG third
ahead of the Suzuka-winning D’station Racing Aston Martin Vantage GT3 of Charlie Fagg
although teammate Tomonobu Fujii had been fastest of all in Q1
Subaru’s works BRZ meanwhile ended up down in a disappointing ninth despite Hideki Yamauchi topping his Q1 group
The championship-leading Inging Toyota GR86 GT shared by Hibiki Taira and Yuui Tsutsumi failed to make the ‘Upper 16’ pole shootout
and was left to scrap it out for a maximum of 17th on the grid
Tsutsumi lost that particular battle to the UpGarage Honda NSX GT3 Evo22
leaving he and Taira starting down in 18th place
RESULTS: GT500/GT300 (1-16)/GT300 (17-27)
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Former UBS and ING boss Ralph Hamers joins an American wealth management platform that relies on artificial intelligence
is joining a US wealth manager as an «Angel Investor» and external advisor
The digital wealth platform Arta Finance was founded by former Google employees. The company aims to enable private individuals to invest in the style of a family office. According to press release issued on Thursday
the focus is on combining financial expertise with the use of artificial intelligence
In April 2023, Hamers stepped down as head of the major bank after around two years in office as part of the accelerated takeover of Credit Suisse by UBS
paving the way for the return of Sergio Ermotti
which has offices in Los Angeles and Singapore
Hamers joins a circle of around 140 technology and financial experts who support the company
Among the early invesotors are Eric Schmidt
former CEO of Alphabet (Google's parent company)
Arta wants to contribute to the democratisation of asset management and enable a low-threshold offering without high minimum deposits
The digitalisation of business models and the integration of front-to-back technology has always been a central focus of his work
I see a tremendous opportunity for incredibly smart people from the technology and financial world to come together to build a platform that is more than ready to take its place among the world's leading asset managers.»
The company currently offers its services to so-called «accredited investors» int the USA
According to the definition of the Securities and Exchange Commission (SEC)
these are individuals with a net worth of at least $1 million or an annual income of at least $200,000
This is the first time that Hamers has stepped back into the professional limelight since his departure from UBS
His name surfaced in media reports as a potential candidate during the search for the head of Schroders
He was also considered a possible candidate at Julius Baer
Hamers is also involved in other financial technology projects
He is in no hurry to return to a management position
I've decided to do what I really enjoy and see what comes up,» he said
finews.com publishes on its own Web-TV-Channel interviews with well-known figures of Swiss finance.
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