#United States #New York #Envestnet #iCapital #Unified Managed Accounts

iCapital and Envestnet Expand Partnership

In a significant move for the financial investment sector, iCapital, a leading global fintech company, and Envestnet, known for its cutting-edge WealthTech solutions, have broadened their strategic partnership. This collaboration now empowers advisors with enhanced access to alternative investments and structured products within Unified Managed Accounts (UMAs), greatly diversifying investment portfolios.

The New Investment Landscape

As the financial environment evolves, the demand for alternative investments—those outside traditional stocks and bonds—grows. Recognizing this trend, both companies have integrated their systems, allowing advisors to seamlessly incorporate these assets alongside traditional public investments in a single account framework. According to Gary Gallagher, President of iCapital, this partnership assists advisors in effectively embedding alternatives into client portfolios, which is increasingly crucial for achieving diversification and scale.

Prior to this integration, navigating alternative investments often entailed cumbersome processes that could frustrate advisors and clients alike. The new capabilities streamline workflow, enabling a straightforward experience for constructing, implementing, and managing investment portfolios. This innovation reflects the growing acknowledgment that alternatives are becoming an integral part of balanced investing strategies.

Advantages of the New System

With the enhanced platform, advisors can leverage features like single sign-on (SSO) to access iCapital's offerings without extensive additional setup, minimizing potential friction in their investment strategies. This essentially aligns alternative and structured investments within the existing portfolio management and reporting workflows of Envestnet. Dana D’Auria, Co-Chief Investment Officer at Envestnet, emphasized the importance of providing advisors with a comprehensive suite of investment opportunities, allowing them to navigate the complexities of modern investing more effectively.

Envestnet's recent onboarding of two iCapital-managed products—the private credit fund iDPC and the structured investment strategy ODS—marks the latest tangible outcomes of this partnership. These products, now available within Envestnet portfolios, reflect a commitment to innovation and adaptability in the financial services landscape.

About iCapital and Envestnet

Founded with a strong vision of enhancing the investment landscape, iCapital serves a vast array of wealth management professionals, financial advisors, and asset managers by offering diverse alternative investment products. Their platform simplifies the complexities around non-traditional investments, enabling clients to achieve a robust financial outcome necessary in today's economic climate. With a platform that manages trillions of assets globally, including over $300 billion in alternative investment assets, iCapital is at the forefront of this financial evolution.

On the other hand, Envestnet stands as a pillar in Adaptive WealthTech, known for supporting advisors with revolutionary technology solutions. Their platform encompasses a remarkable $7 trillion in assets, demonstrating their influence and trust within the industry. This renewed partnership signifies a deep commitment to enhancing the advisor-client relationship through sophisticated, integrated financial machinery.

This collaboration aims not only to innovate but also to revolutionize how financial advisory services operate, merging traditional investment approaches with alternative strategies in an increasingly complex marketplace. As alternative investments gain significance, the iCapital and Envestnet partnership finds itself well-positioned to lead this transformative journey.