Olden Lane partners with AXIO to distribute target outcome funds

By Sarah Lizee

Olympia, Wash., Nov. 14 – Olden Lane Securities LLC and AXIO Financial said they have formed a distribution partnership, which will involve AXIO distributing Olden Lane’s target outcome funds to independent broker-dealer, wirehouse and registered investment adviser channels.

In addition, AXIO will utilize its technology platform to disseminate Olden Lane educational programs on target outcome funds to financial advisers and their clients.

Target outcome funds are a new form of unit investment trusts that are said offer simple, transparent and cost-effective solutions for hedging the returns of some of the most popular exchange traded funds over a specific time period, according to a press release.

“AXIO will be an effective distribution partner for us because it has the technology, personnel and expertise to educate financial advisors about how our UITs allow downside protection to easily be incorporated into portfolios through products which are transparent, liquid, cost-effective and ’40 Act registered,” Michel Serieyssol, chief executive officer of Olden Lane, said in the release.

“Olden Lane is a strong addition to the group of managers we represent because their UITs address the need among financial advisors for products that protect client portfolios against significant market declines,” Marc Paley, chief executive officer of AXIO, added.

“Similar solutions historically have been offered through structured notes, but Olden Lane’s products now bring these solutions in a registered UIT format.”

Olden Lane financial services firm based in Princeton, N.J. AXIO provides financial advisers investment and insurance products and is based in New York.

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