iCapital, the global fintech platform, revealed that its technology is now driving an exclusive platform experience for registered investment advisors (RIAs), allowing firms that use GeoWealth to include private assets more easily within unified managed accounts (UMAs).
The experience is offered to eligible advisers who use GeoWealth’s investment implementation platform and BlackRock’s custom model portfolios.
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Although iCapital‘s Multi-Investment Workflow Tool simplifies the entire alternative assets investing process, the arrangement will also give advisers access to intuitive workflows, effective reporting tools, and comprehensive investment management capabilities throughout the investment’s lifecycle through GeoWealth, a proprietary technology and turnkey asset management platform (TAMP) assisting the RIA channel.
The merging simplifies access to BlackRock bespoke models, which aim to combine private markets, direct indexing, and fixed income SMAs, as well as typical ETFs and mutual funds, in a single account.
Moreover, One-stop e-signature solutions, intelligent automation, unified trade orders across various investment products, and consolidated client communications are all features of iCapital’s technology that significantly lessens the complex and multi-step process of investing in alternatives for both the adviser and the investor.
Colin Falls, CEO of GeoWealth stated: “Modern RIAs require solutions to provide high-net-worth clients access to alternatives at scale. The industry is racing to solve the challenge of implementing alternatives into model portfolios, while GeoWealth’s proprietary UMA technology will make this possible. We look forward to continuing to work with BlackRock and iCapital to offer this practice-differentiating offering to RIAs.”
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By GlobalDataJaime Magyera, co-head of US Wealth Advisory for BlackRock added: “Retail wealth investors are leading the adoption of private markets as they seek portfolios offering exposure to investments they cannot access via public markets and the potential for uncorrelated returns. This collaboration between iCapital and GeoWealth complements our existing relationships to meet the evolving needs of advisers and their clients through an innovative and easy-to-use structure.”
Lawrence Calcano, chairman and CEO of iCapital commented: “iCapital’s technology was designed to advance the industry and enable efficient management of alternative investments in client portfolios, and this partnership underscores that mission. We’re thrilled to be partnering with these two industry leaders to build out the infrastructure needed to support alternatives in the same accounts as the rest of the portfolio. Our deep integrations with GeoWealth and BlackRock will further transform the digital alternatives investing experience for advisers and their high-net-worth clients.”
