Strategic Collaborations with BondNav, Luma, and SUBSCRIBE Create a Powerful Portal to Fixed Income, Structured Products, and Alternatives

Survey: Many Advisors Fear Being Left Behind as Tech Changes; Welcome New Solutions

InspereX, the tech-driven distributor of fixed income, structured products, exchange-traded funds (ETFs), and alternative investments, today announced the launch of Aria – a technology portal providing streamlined access to fixed income, structured products, and alternative investments to meet the evolving asset allocation needs of Registered Investment Advisors (RIAs).

Powered by strategic collaborations with Luma and SUBSCRIBE, along with a connection to InspereX’s own BondNav^® technology, Aria offers advisors tools to:

• Access, evaluate, trade, and analyze new issue and secondary fixed income securities.
• Source, customize, and track structured investments throughout their lifecycle; and
• Transact, manage, and scale private market investments from pre-trade to post-trade.

In addition, Aria provides RIAs with access to trading, portfolio, and product experts so advisors can benefit from the best of technology, market insights, and unmatched client service.

Speaking to the Aria launch, InspereX CEO Scott Mitchell, said: “The future is in collaboration. By bringing together premier solutions from Luma, SUBSCRIBE, and InspereX that all support maximized efficiency and optimized workflows, we’re helping RIAs tap into a wide range of non-correlating assets on one platform. Aria empowers RIAs who focus on building custom portfolios with access and insights that can help deliver enormous value to their clients. We’re proud of Aria and look forward to seeing the positive impact it has on our clients’ success.”

According to a recent survey of 856 financial advisors, conducted by InspereX, 43% said they fear being left behind in the age of rapidly changing technology. The vast majority (84%) welcomed more technology to help monitor client portfolio performance.

“With Aria, we want to help advisors be more efficient with a single login where they can access a suite of tools for investment allocation and management,” Mr. Mitchell added. “The goal is simple: accelerate the RIA’s ability to help their clients achieve their long-term objectives.”

“We’re delighted that InspereX has selected Luma to help make structured products simpler, more accessible, and more effective for advisors and their clients,” said Tim Bonacci, CEO of Luma. “Advisors today are looking for global solutions that not only streamline complex workflows, but also deliver greater transparency, education, and confidence throughout the investment process. By combining Luma’s technology with InspereX’s expertise, we’re helping financial professionals deliver more personalized, outcome-driven strategies that create real value for their clients. We see this as another important step forward in expanding access to structured products and driving continued growth across the marketplace.”

In addressing their integration in the Aria platform, Rafay Farooqui, Founder and CEO of SUBSCRIBE said, “We are proud to support the launch of the Aria platform and look forward to our collaboration with InspereX. Our platform supports 55,000 financial advisors across 800 wealth managers, and we’re aligned in our mission to seamlessly deliver choice, diversification, and ease-of-use to advisors and help them include compelling private market investments in their client portfolios.”

About BondNav^®

InspereX’s BondNav^® platform lets RIAs decide how they want to experience the bond market so they can cut to the trade faster and with greater confidence. RIAs gain instant access to fixed income markets through cloud-based technology that connects wealth management, middle market, and institutional customers with virtually all of the electronic bond trading networks. With a customizable approach, comprehensive insights, comparative offerings, and price comparisons across numerous venues, BondNav drives better-informed investment decisions.

BondNav technology not only simplifies access to the bond market – it’s fast and easy to use. By reducing market complexity and clutter with BondNav filters, advisors can accelerate efficiency and productivity, so they can spend less time trading and more time helping clients and growing their practices.

About Luma Financial Technologies

Founded in 2018, Luma Financial Technologies (“Luma”) has pioneered a cutting-edge fintech software platform that has been adopted by broker/dealer firms, RIA offices, and private banks around the world. By using Luma, institutional and retail investors have a fully customizable, independent, buy-side technology platform that helps financial teams more efficiently learn about, research, purchase, and manage alternative investments as well as annuities.

Luma gives these users the ability to oversee the full, end-to-end process lifecycle by offering a suite of solutions. These include education resources and training materials; creation and pricing of custom structured products; electronic order entry; and post-trade management. By prioritizing transparency and ease of use, Luma is a multi-issuer, multi-wholesaler, and multi-product option that advisors can utilize to best meet their clients’ specific portfolio needs.

Headquartered in Cincinnati, OH, Luma also has offices in New York, NY, Zurich, Switzerland, and Miami, FL. For more information, visit Luma’s website.

About SUBSCRIBE

SUBSCRIBE is a fintech company digitally transforming the landscape of alternative investments for fund managers, institutional investors, wealth managers, law firms, and fund administrators. Its platform technology modernizes the archaic infrastructure of private fund investments by delivering a central operating system — catering to every role within the investment process, empowering them to connect any fund, any investor, anywhere in the world on a single platform. SUBSCRIBE supports over $6 trillion in private market assets and is the trusted technology partner to thousands of firms that rely on our end-to-end enterprise solution to scale their private market investment programs and manage investment processes across pre-trade, trade, and post-trade fund workflows.

About InspereX

InspereX is built on access, aggregation, and analysis. We redefine precision investing across structured products, ETFs, private markets, and new-issue and secondary fixed income. InspereX connects advisors and institutions to differentiated investment opportunities, combining deep market expertise with a modern approach to distribution. Our Aria platform integrates advanced technology, market intelligence, and personalized service to streamline execution and empower advisors to deliver greater value to their clients. InspereX represents more than 400 issuing entities, distributes to more than 1,500 partners, and has distributed more than $800 billion in new issue securities. The firm has seven trading desks and more than 180 employees with offices in Delray Beach, Florida; Santa Monica, California; Charlotte, North Carolina; Chicago, IL; and New York, NY.

About the survey

The InspereX Pulse Survey was conducted between November 5-12, 2025 by Red Zone Marketing on behalf of InspereX. The 856 financial advisor respondents work at independent broker/dealers, RIAs, banks and regional firms.

©2025 InspereX. All rights reserved.

Securities offered through InspereX LLC, Member FINRA/SIPC. Technology services provided by InspereX Technologies LLC. InspereX LLC and InspereX Technologies LLC are affiliates. InspereX and insperex.com are trademarks of InspereX Holdings LLC. The Accelerated RIA Investment Access (“ARIA”) portal is provided for convenience purposes only by InspereX LLC and serves as a central access point for registered investment advisers (“RIAs”) to evaluate information concerning fixed income investments, structured products, and alternative investments.

InspereX LLC is not affiliated with Luma Financial Technologies, LLC, Strategic Alternative Funds Group, LLC, or any other entities named herein.

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