Yieldstreet, an alternative investment platform, said Friday that it's launching an Art Equity Fund to give investors an opportunity to invest in physical art.
The fund will allow them to invest a diversified pool of blue-chip and mid-career postwar and contemporary artworks, including pieces by George Condo, Keith Haring and Kenny Scharf.
Future Yieldstreet fund offerings are expected to partner with prominent experts across the art market and include a range of focuses, periods, genres and artists at various stages of their careers.
Since its founding in 2015, Yieldstreet has funded more than $2.4 billion of investments across a range of alternative asset classes.
Elsewhere, Wells Fargo Advisors adds a $400 million Morgan Stanley veteran in Naples as an ex-Cetera advisor goes independent with LPL
According to a federal charges Bradley Heppner, 60, received more than $150 million in payments through funneling money from GWG Holdings to a shell company.
A $1B fund allegedly skimmed 30% off the top, then swapped cash for locked-up stock.
Insiders allegedly rewrote projections three times in four days.
TCI Wealth Advisors also has also tapped JIFFYAI to unify onboarding and servicing, while TradePMR adds ICE market data to its Fusion advisor platform
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