GeoWealth Partners with iCapital to Transform Investment Platforms
NEW YORK--iCapital, the leading fintech platform in the alternative investment marketplace, has joined forces with GeoWealth and BlackRock to elevate the services offered to registered investment advisors (RIAs) across the wealth management industry. This collaboration introduces new technology that allows advisors using GeoWealth’s platform to seamlessly incorporate private assets into unified managed accounts (UMAs), providing them with a competitive edge.
Innovative Solutions for Registered Investment Advisors
By leveraging this partnership, RIAs can access customized model portfolios supplied by BlackRock while utilizing the advanced investment implementation platform from GeoWealth. This integration not only simplifies the investment process but enhances the ability to manage assets more effectively while delivering comprehensive management capabilities throughout the investment lifecycle.
Streamlined Access and Enhanced Client Services
The partnership revolves around providing advisors with intuitive workflows, efficient reporting tools, and comprehensive investment management functionalities. iCapital's Multi-Investment Workflow Tool is a key component, streamlining the process of investing in alternative assets, which is critical for advisors looking to meet the high expectations of their high-net-worth clients.
The Shift Toward Alternative Investments
As the demand for alternative investments grows, modern RIAs are pressured to provide their clients with broader access to these opportunities. Colin Falls, CEO of GeoWealth, emphasizes the importance of integrating alternatives into model portfolios effectively. "The industry is racing to solve the challenge of implementing alternatives into model portfolios... We're excited about the future this collaboration will foster for RIAs, giving them unparalleled access to investment opportunities."
The Integration of Private Assets
This new integration facilitates access to BlackRock's custom models, which are designed to seamlessly include private markets, direct indexing, and fixed income separately managed accounts (SMAs), along with traditional investment vehicles like ETFs and mutual funds, all within a single account.
Meeting the Needs of Modern Investors
Jaime Magyera, Co-Head of U.S. Wealth Advisory for BlackRock, commented on the collaboration's significance by stating, "Retail wealth investors are leading the adoption of private markets, seeking portfolios that offer diverse investment opportunities." The merging of iCapital’s technology with GeoWealth is a strategic move to enhance the investing experience for advisors and their clientele.
Advanced Technology for a Streamlined Experience
iCapital makes investing in alternatives simpler by automating various processes and consolidating communications, allowing for unified trade orders and e-signature solutions, thus reducing complexity for advisors and investors alike. Lawrence Calcano, CEO of iCapital, notes that this partnership is a leap toward making alternative investments a mainstream component of clients' portfolios.
About iCapital and GeoWealth
iCapital is recognized as a leader in the realm of alternative investments, offering comprehensive tools and solutions aimed at financial advisors and asset managers. With a robust platform boasting over $200 billion in global platform assets, it streamlines the complex processes involved in investing in private markets.
GeoWealth, founded in 2010, stands as a turnkey asset management platform tailored for RIAs, enabling them to efficiently manage investments while reducing operational burdens. Their open-architecture system further empowers advisors to enhance client experiences and grow their practices.
Frequently Asked Questions
What prompted GeoWealth's partnership with iCapital?
The collaboration aims to provide RIAs with enhanced access to alternative investments, integrating them into unified managed accounts effortlessly.
How will this partnership benefit registered investment advisors?
RIAs will gain access to innovative tools, streamlined workflows, and efficient reporting capabilities that will help them manage investments and serve their clients better.
What types of assets can be incorporated through this partnership?
Advisors can include private market assets, direct indexing, and separately managed accounts alongside traditional investment options like ETFs and mutual funds.
How does iCapital's technology facilitate investment processes?
iCapital's technology automates trades, simplifies e-signatures, and consolidates client communications, making the investment process more efficient for advisors.
What is the focus of GeoWealth's platform?
GeoWealth focuses on providing a comprehensive asset management solution tailored to the needs of modern RIAs, allowing them to access diverse portfolios while managing back-office functions efficiently.
