On the flagship platform, the company conducts a substantial amount of due diligence and risk analysis on every fund added and provides that research to the advisor so they can recommend an appropriate portfolio to their clients. A large part of the company’s challenge is educating investors and their advisors on how alternative investments as an asset class fit into their portfolios. This includes nuances like helping them understand the characteristics of hedge funds and private equity and their relationship to traditional investments. Alternative investments such as those described are complex, speculative investment vehicles and are not suitable for all investors. An investment in an alternative investment entails a high degree of risk and no assurance can be given that any alternative investment fund’s investment objectives will be achieved or that investors will receive a return of their capital. This industry information and its importance is an opinion only and should not be relied upon as the only important information available.
Following a month when the S&P 500 Index had its best return in over three decades, many are wondering if we have safely returned to a directionally rising, risk-on market in U.S. equities. The velocity of the rally has been tremendous, dating back to late March and including the “strongest 3-day percentage increase since 1931”1. Still, even after the market upturn, most equity indices remain in negative territory for the year, down (10%-20%) year to date. A comparison of equity market performance today and after the Lehman bankruptcy suggests talk of a market recovery may be premature.
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Under the new agreement, advisors will be able to view iCapital’s curated menu of alternative funds on the Schwab Alternative Investment Marketplace platform and manage iCapital investments within clients’ Schwab accounts. Advisors will also benefit from direct access to research on funds and strategies, a streamlined investing and reporting process and electronic access to documents associated with clients’ investments. XCritical provides a technology platform to improve access to alternative investments for advisors and their HNW clients. In addition, they offer their technology and service offerings as a customizable white-label solution, giving RIAs, banks, wirehouses, brokerages and General Partners a simple way to update legacy processes and infrastructure. iCapital is a leading provider of services and technology to the High Net Worth investor universe. We leverage our technology to provide qualified investors access to top-performing alternative investment funds (including private equity, hedge funds, etc.) at minimum investments below that typically required for a direct investment.
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As part of the transaction, 28 Artivest team members are expected to join iCapital. iCapital’s business takes a B2B approach to aim to make alternative investments available to advisors and their clients in a thoughtful way. Lawrence stresses that they are committed to empowering advisors not replacing them. They focus on providing the technology and services advisors need to improve and expand access to alternatives.
The Future Of Wall Street: Fintech 50 2019
While some wealthy individuals and families are most comfortable with traditional investment choices, others want to explore a more comprehensive range of opportunities and expect their financial advisors to be able to source and deliver on a wide range of strategies and exposures. Building a platform to democratize access to investments that were once available only to the megarich is no easy task. “In the past, this asset class has been completely targeted at institutions,” said Lawrence Calcano, CEO of iCapital. “These types of investments aren’t for everyone, but for those who are qualified to invest, alternatives can make a meaningful contribution to a portfolio.” A daily collection of all things fintech, interesting developments and market updates. Blue Vault is very pleased to have Angie Fisher of CIM Group lead a team of technology specialists to create the value-packed AltsTech Forum agenda. Securities attorney Kirk Montgomery, KAM, and technology experts Amber Wallner of Black Creek Group and Jeff LaFayette of Bluerock are collaborating with Fisher to tap into the fundamental issues needing to be addressed.
Cleary Gottlieb is representing Institutional Capital Network Inc. in its acquisition of the alternative investments feeder fund platform business of Wells Fargo’s Global Alternative Investments Division and Wells Fargo’s related strategic investment in XCritical under the terms of its latest fundraising round. Based out of London, Tom Slocock joins iCapital as Managing Director and Head of International Product Development & Origination, reporting to Mr. Bizzozero. Mr. Slocock will lead the development and launch of new investment products and manage the life cycle of existing offerings explicitly designed for the needs of the international marketplace. Mr. Slocock will bring to iCapital a career-deep understanding of the investment product needs of advisors and their high-net-worth clients in the European and Asian markets. Prior to joining iCapital, Mr. Slocock was with Deutsche Bank Wealth Management in London for more than 10 years, most recently serving as Head of the Global Funds Group and Head of the Global Investment Group.
NEW YORK –(Newswire.com) – XCritical today announced that the firm has been named “Best Outsourced Alternative Investment Platform” by Wealth & Finance International as part of the publication’s2017 Alternative Investment Awards. iCapital is a financial technology platform focused on democratizing access to alternative investments for high-net-worth investors and their advisors. Additionally, iCapital developed new partnerships to bring its technology solution to fund managers and investment advisors across distribution channels.
In 2019, iCapital penned agreements with Janney Montgomery Scott, Personal Capital, PIMCO, Schwab Advisor Services, State Street and United Capital. iCapital also partnered with Nasdaq Private Market to offer liquidity solutions to advisors and their high-net-worth clients by creating an integrated secondary marketplace for iCapital sponsored funds through the NPM platform. It can also be used via a custom branded platform solution that seamlessly integrates with existing ecosystems to enhance the alternative investing experience in the retail channel. XCritical is a financial technology platform that provides modular alternative investment solutions for registered investment advisors, https://xcritical.solutions/ broker-dealers, private banks, family offices and other sophisticated investors. Individual investors remain significantly under-allocated to alternative investments relative to institutional investors, but are increasingly exploring the critical role alternatives can play in state-of-the-art portfolio construction. “We are pleased to partner with iCapital to deliver alternative investments to enhance the experience for our advisors and clients,” said Darrell Cronk, president of Wells Fargo Investment Institute. “This transaction will allow us to continue to provide innovative alternative investment solutions to our clients as well as upgrade the overall platform and launch new offerings.”
With the help of our growing online community of reviewers and cloud service providers, we aim to make discovering and comparing the best cloud services and software as easy as possible. As the platform grows, he said he could even see the traditional fee structures in the industry experience some disruption. “The focus is on providing access to funds with proven brands and track records,” Calcano said. The problem with these investment vehicles is that they have high minimum investment amounts – typically in the millions to tens of millions – which exclude most individuals. Even many wealthy individuals can’t afford these types of investments, as doing so would mean putting most of their eggs in one basket. Shares of General Electric Co. bounced 1.2% in premarket trading Tuesday, putting them on track for the first gain in four sessions, after Deutsche Bank analyst Nicole DeBlase raised her price target on the industrial conglomerate, saying she’s “cautiously optimistic” on the macroeconomic outlook. DeBlase kept her rating at hold, but boosted her target to $13, which is 20% above Monday’s closing price, from $9.
Ping An and other investors have already expressed interest in, and intent to partner with, iCapital to leverage its proprietary technology to help manage their investment platforms. This will add to iCapital’s existing client base, which consists of 55 white-label partnerships, including Blackstone, Carlyle, and JPMorgan Asset Management. XCritical is a dynamic firm that is changing the alternative investments landscape through proprietary technology.
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Furthermore, iCapital will open offices in London and Singapore in 1H2021 to support its recent international senior hires and growing footprint in the European and Asian regions. The company is focused on helping their clients and strategic partners provide a better user experience and better outcomes for their clients. Lawrence notes that while there are common needs across client types—and long-standing Trading Platform challenges of investing in alternative investments in general—ultimately each client is unique and it’s important to listen to and understand their individual needs to identify how best iCapital can help them achieve their objectives. iCapital is confident that alternative investments, such as private equity and hedge funds, will continue to be attractive to HNW individuals for uncorrelated returns.
- That said, iCapital raising a mega round during the current climate indicates that not all fintechs will struggle to get access to capital during this time.
- iCapital’s new international senior executive team will complement iCapital’s existing international leadership team of Vinod David Berchtold and Wes Sturdevant.
- He previously oversaw Deutsche Bank’s private fund product development, structuring, and investment specialist functions for wealth management clients worldwide.
- Prior to joining iCapital in 2018, he was most recently a senior manager at UBS Global Wealth Management within Distribution Management responsible for global revenue and business development and digital strategy focused on end-to-end sales management.
- Mr. Sturdevant is a Managing Director for International Enterprise Solutions, joining the firm in December 2017.
- Mr. Berchtold is Chief Operating Officer for the international business, based in Zurich.
This is an exciting opportunity to help build a new team inside an innovative, growing company. The position will be based in XCritical’s Princeton, New Jersey office. The initial concept has expanded to include a customizable white label offering xcritical official site that gives banks, wirehouses, brokerages, and independent firms access to a technology solution designed to automate the alternative investing process. Here are our Forbes Fintech 50 top picks in the world of investing, trading and wealth management.
He spent 17 years at Goldman Sachs and most recently as Head of Technology for the Investment Banking group. The demographics of wealth are changing reflecting how things are shifting in wealth creation and transition. The most basic wealth management decisions can generate entirely new outcomes when they are made by people with different views on money, risk and philanthropy. At Serchen, we are committed to providing an unparalleled experience for our consumers, connecting buyers and sellers of the best cloud services and software in the IaaS, PaaS and SaaS categories.
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XCritical’s mission is to power the world’s alternative investment marketplace. Its financial technology platform has transformed the way alternative investments are bought and sold through the development of tech-based solutions for advisors, their high-net-worth client base, asset managers, and banks. The firm’s flagship platform offers advisors and their clients access to a curated menu of private equity and hedge funds at lower minimums with a full suite of due diligence and administrative support in a secure digital Trading Platform environment. Asset managers and banks leverage XCritical’s tech-enabled services to streamline and scale their private investments operational infrastructure. As of April 30, 2020, XCritical services more than $51 billion in client assets across more than 100,000 underlying accounts. Its financial technology platform has transformed the way alternative investments are bought and sold through the development of tech-based solutions for advisors, their high-net-worth client base, asset managers and banks.
XCritical’s flagship platform offers advisors and their clients access to a curated menu of private equity and hedge funds at lower minimums with a full suite of due diligence and administrative support in a secure digital environment. Wells Fargo’s alternative investment feeder fund platform supports a full suite of alternative investment solutions, including private equity, private debt, hedge funds, private real estate, and direct private investments across approximately 70 investment vehicles. “We are delighted to welcome Marco and Tom to help lead the charge on building our global alternative investments marketplace,” said Mr. Calcano.
While these startups have put a better interface on managing your investment, none of these startups has fundamentally changed how the financial services industry works. The industry’s most advanced technology professionals have committed to attend and participate by giving presentations and demonstrations about how their tech platforms are delivering real results, making efficiency a top priority. There will be panel discussions to address the various issues, as well as challenges, currently needing solutions. forex soft The providers will also be exhibiting to further showcase their solutions and answer questions for attendees. These vehicles will be overseen by Altegris Advisors, the existing portfolio management team, and related operational staff to ensure continuity post transaction. XCritical’s Operations department provides operational support for its rapidly growing investor base. We are launching a Remediation Team within Operations to assist with the review and remediation of investor documents.
)–XCritical1, the financial technology platform setting the industry standard for access and efficiency in alternative investing, and Schwab Advisor Services today announced an expanded relationship in which Schwab will provide shareholder servicing for funds serviced by iCapital. iCapital will be the first platform provider on the Schwab Alternative Investment MarketplaceTM platform introduced today. The agreement will create an end-to-end, automated alternative investing process for advisors who utilize the Schwab platform. In 2018, iCapital opened its first international office in Zurich, Switzerland to bring increased access to alternative investing opportunities to the European markets. As part of its most recent acquisition, iCapital will establish an office in Lisbon, Portugal for the transitioning Runtime team. The new office in Lisbon will become iCapital’s global hub for technology development and operations.
Our platform has transformed the way alternative investments are bought and sold through tech-based solutions for advisors, their high-net-worth client base, asset managers, and banks. Through this financing, iCapital has built a strong balance sheet and capital base from which to operate as an independent company. This funding will allow the Company to enhance its platform technology and expand functionality in support of its existing clients and continued growth, a diversified slate of investment offerings and a globalized investor base. In addition, the funding will support iCapital’s continued commitment to the international marketplace as it solidifies relationships with partners across North America, Asia, Europe and the Middle East. iCapital will further its commitment to market education and build its team to help scale and improve upon the high-quality services and technical innovations it provides to clients.
The Controlant platform involves screen-based IoT tags which-link to GSM networks and then feed into web and mobile apps. Earlier this month, iCapital entered into an agreement to acquire a 65-person technology team from Portugal-based product development company, Runtime Group, Ltd. As part of Runtime, this team has provided dedicated support to iCapital’s technical development since 2014. Under the agreement, these experts will join iCapital’s existing team of engineers, xcritical website developers, and designers dedicated to the ongoing technological innovation of iCapital’s offerings. “We are pleased to reach an agreement with iCapital, which is well positioned to deliver the quality and continuity of client experience that is central to Artivest’s offering,” said Martin Beaulieu, Chairman and Chief Executive Officer of Artivest. “We are confident that iCapital is the right service provider for our managers, advisors, and their clients.”