•  
• Tweet
•  
•  
•        Print
•  
•        Email
•  
•         Track Keywords

The partnership includes a customized technology offering that provides advisors at NewEdge Wealth with a curated menu of alternative investment strategies - from private equity, private credit, real estate to hedge funds - and also enables the firm's advisors to purchase structured investment opportunities.

iCapital's technology solution automates the subscription, administration, operational, and reporting processes for the life of the investment funds. As part of the partnership, advisors also gain access to a full suite of research, due diligence, educational materials, and investment product training.

"iCapital is a clear leader in the industry, and with the ever-increasing demand for alternative investments from high-net-worth and ultra-high-net-worth investors accelerating, we are thrilled our advisors benefit from iCapital's cutting-edge technology," said Rob Sechan, Managing Partner of NewEdge Capital Group, and CEO, Co-Founder, NewEdge Wealth. "We view this partnership as instrumental in scaling our alternatives business and empowering advisors to provide clients with a broader and more complete range of portfolio solutions."

"Advisors best serve their clients when they have access to the latest tools, educational resources, and a spectrum of thoughtful investment solutions," said Lawrence Calcano, Chairman and Chief Executive Officer of iCapital. "This partnership exemplifies our commitment to helping advisors achieve better client outcomes, and we are delighted that NewEdge chose iCapital's turnkey technology solution to open up greater access to institutional-quality alternative investment strategies."

***

About NewEdge Wealth
NewEdge Wealth is a division of NewEdge Capital Group, LLC. NewEdge Capital Group services multiple business lines and supports over 300 financial advisors servicing several thousand households, family offices and institutions. Today, NewEdge Capital Group, a Barron's Top 100 RIA Firm and Forbes' America's Top RIA Firm(2), has over $42 billion in client assets and supports over 300 financial advisors servicing several thousand households, family offices and institutions comprising more than 75,000 client accounts. The company is a division of EdgeCo Holdings, LP, which collectively services over $170 billion in assets through NewEdge Capital Group and its other custody and retirement businesses.

About iCapital
Founded in 2013, iCapital is the leading global fintech company powering the world's alternative investment marketplace. iCapital has transformed how the wealth management, banking, and asset management industries facilitate access to private markets investments for their high-net-worth clients by providing intuitive, end-to-end technology and service solutions; education tools and resources; and robust diligence, compliance, and portfolio analytics capabilities. iCapital's solutions enable organizations to streamline and scale their operational infrastructure for alternative investments and to provide access to direct investments and feeder funds at lower minimums through simplified digital workflows. As of August 31, 2023, iCapital services over $166 billion in global client assets, of which about $28 billion are from international investors (non-US Domestic) across more than 1,300 funds.

(1) iCapital, Inc., and its affiliates (together, "iCapital").
(2) Barron's rankings awarded in September 2023 based on June 30, 2023, data. Forbes/Shook rankings awarded in October 2023 based on June 30, 2023, data.

Press release (Bg)

Article source - Opalesque is not responsible for the content of external internet sites