Commonwealth Financial Network, a firm that wants to provide financial advisers with integrated business solutions, has partnered with global fintech iCapital.
iCapital delivers a white-labeled platform and enables affiliated advisers to efficiently source nontraded alternative investment opportunities for high-net-worth (HNW) client portfolios.
Go deeper with GlobalData
In addition, the platform is a response to some advisers wanting additional solutions to help them more actively compete for, and win, investor portfolios.
Furthermore, honed during a pilot programme, this end-to-end solution allows advisers to conduct research and education, perform due diligence, and facilitate subscriptions through one integrated platform. While the current product set is geared toward HNW investors, the goal is to expand the product set to accommodate additional net worth levels in the future.
“The iCapital partnership allows Commonwealth to supplement our existing alternative investments product platform with a suite of products designed for high-net-worth investors,” explained Chad LaFauci, vice president of alternative investments.
“Investing in private alternatives has historically been a cumbersome process with a lot of paperwork. The process is digitised with iCapital, making it easier and more streamlined. Our advisers now can reclaim time to focus on other priorities while having access to a more powerful way to attract and retain high-net-worth clients,” LaFauci added.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData“What Commonwealth’s strategic partnership with iCapital gives us is critical because it’s a side-by-side comparison that would take me hours to create—hours that I don’t have to spare,” shared affiliated advisor Justin Bitner, wealth manager at Sterling Financial Group in Salt Lake City, Utah. “I also have talking points with clients that are right there for me in a consistent format. There’s so much that lends itself to efficiencies, and I love it.”
Earlier this year, iCapital introduced the iCapital Model Portfolio and iMAP to clients.
Over 100,000 US financial advisers who employ iCapital’s platform now have access to the first model portfolio, iMAP (iCapital Multi-Asset Portfolio), with other portfolio models anticipated to emerge in the following months.
Advisers can quickly assess the effects of adding alternative investments to standard portfolio holdings by conducting an analysis with iCapital’s Architect tool for portfolio design.
The purpose of iCapital’s Model Portfolios is to help allocate assets among alternative investments and find advanced goods that match those allocations.
