CHICAGO and NEW YORK ,
March 31,
2022 /PRNewswire/ -- UBS (NYSE: UBS), Envestnet
(NYSE: ENV), and iCapital1 today announced that the
Alternatives Exchange is now live, providing private market
investment opportunities to Envestnet's client base with more than
35 funds available from managers across geographies and strategies.
Users of Envestnet's Alternatives Exchange will now also have
access to the AltsEdge™ Certificate Program, the
award-winning2 educational initiative jointly
created by iCapital and Chartered Alternative Investment Analyst
(CAIA) Association to help advisors build their knowledge of the
alternative investment space and how this asset class can
potentially benefit their clients.
The expansion of the Alternatives Exchange comes at a time when
high-net-worth (HNW) investors are increasingly looking to
diversify into alternative investments. According to "The
Future is Private – Unlocking the Art of Private Equity in Wealth
Management," HNW individuals are expected to increase their private
equity investments by a compound annual growth rate of nearly 19%,
with global HNW investor commitments to private equity rising to
$1.2 trillion by 2025.
"With the increased demand for alternative investments from HNW
and ultra-high-net-worth investors accelerating, the Alternatives
Exchange will help us broaden our distribution network and provide
clients with curated products to meet their evolving needs," said
Jerry Pascucci, Head of Global
Alternative Investment Solutions, Global Wealth Management, at
UBS. "Advisors best serve their clients when they have access
to the latest tools, educational resources and wide spectrum of
investment solutions."
"As inflation, yields and spreads rise, advisors continue to
look for diversified investment options for their clients to help
keep their portfolios on track to meet their goals and achieve an
intelligent financial life," said Dana D'Auria, Co-Chief
Investment Officer of Envestnet. "Our partnership through the
Alternatives Exchange empowers advisors with not only research, but
easy access to alternative investment solutions in multiple
categories – providing clients with a broader and more complete
range of solutions through the Envestnet platform."
"Creating access to alternative investments for advisors and
clients has to start with making the experience much easier. We are
thrilled that Envestnet has chosen to leverage iCapital's turnkey
technology to furnish the infrastructure powering the Alternatives
Exchange and provide their advisors access to UBS and iCapital
diligenced investment strategies," said Lawrence Calcano, Chairman and CEO of
iCapital. "The addition of the AltsEdge™ advisor education
program will offer those new to alternatives the requisite tools to
help their clients successfully incorporate these investments to
their portfolios."
With the Alternatives Exchange, powered by iCapital technology,
subscription and client servicing processes throughout the entire
investment lifecycle are fully automated, eliminating operational
difficulties and the traditional manual, paper-based practice
advisors and their clients have historically faced with this asset
class. Additionally, advisors and their clients benefit from
centralized document management with full transparency and
comprehensive, streamlined reporting holistically integrated into
the Envestnet and Tamarac platforms.
The AltsEdge™ Certificate Program is a comprehensive
program with guided modules covering the private markets, various
strategies and product structures, hedge funds, registered funds,
and portfolio construction. The interactive modules, which provide
advisors with foundational knowledge through practical
considerations in employing alternatives, are hosted on a
best-in-class learning management system that includes the
opportunity to earn continuing education (CE) credits.
About UBS
UBS provides financial advice and solutions
to wealthy, institutional and corporate clients worldwide, as well
as private clients in Switzerland.
UBS is the largest truly global wealth manager, and a leading
personal and corporate bank in Switzerland, with a large-scale and
diversified global asset manager and a focused investment bank. The
bank focuses on businesses that have a strong competitive position
in their targeted markets, are capital efficient, and have an
attractive long-term structural growth or profitability
outlook.
About Envestnet
Envestnet refers to the family of
operating subsidiaries of the public holding company, Envestnet,
Inc. (NYSE: ENV). Envestnet is transforming the way financial
advice and wellness are delivered. Our mission is to empower
advisors and financial service providers with innovative
technology, solutions, and intelligence to make financial wellness
a reality for everyone. Over 108,000 advisors and more than 6,000
companies including: 18 of the 20 largest U.S. banks, 47 of the 50
largest wealth management and brokerage firms, over 500 of the
largest RIAs and hundreds of FinTech companies, leverage Envestnet
technology and services that help drive better outcomes for
enterprises, advisors, and their clients.
For more information on Envestnet, please visit
www.envestnet.com, subscribe to our blog, and follow us on Twitter
(@ENVintel) and LinkedIn.
About iCapital
Founded in 2013 in
NYC, iCapital is the leading global fintech company
powering the world's alternative investment marketplace. It has
transformed the way 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. Wealth
management firms use iCapital's solutions to provide clients with
quality funds at lower minimums and simplified digital workflows.
Asset managers, RIAs and banks leverage iCapital's technology to
streamline and scale their alternative investments operational
infrastructure. Additionally, the iCapital 'flagship' platform
offers wealth advisors and their high-net-worth clients access to a
curated menu of private equity, private credit, hedge funds,
structured notes, and other alternative investments to help meet
their investing needs for return and diversification. iCapital's
research and diligence team offers robust analysis alongside the
firm's extensive suite of advisor education, compliance, portfolio
management, and portfolio analytics tools and services. iCapital
was recognized on the Forbes FinTech 50 list in 2018, 2019,
2020 and 2021, the Forbes America's Best Startup Employers in 2021
and 2022, and MMI/Barron's Industry Awards as Solutions Provider of
the Year in 2020 and 2021. As of February
28, 2022, iCapital services more than US$115 billion in global client assets, of which
US$28 billion are from international
investors (non-US Domestic), across more than 970 funds. Employing
more than 750 people globally, iCapital is headquartered in NYC and
has offices worldwide including in Zurich, London, Lisbon, Hong
Kong, Singapore, and
Toronto.
For additional information, please visit iCapital's website at
www.icapitalnetwork.com | LinkedIn:
https://www.linkedin.com/company/icapital-network-inc | Twitter:
@icapitalnetwork
See disclosures here.
Media Contacts:
UBS
Erica Chase
212-713-1302
erica.chase@ubs.com
Envestnet
Dana
Taormina, JConnelly
973-647- 4626
envestnetpr@jconnelly.com
Capital
Emma
Murphy / Morgan Miller
+ 1 347-968-6800 / + 1 919-602-2806
icapital@neibartgroup.com
Product-related questions:
UBS
www.ubs.com/independentadvisorsolutions
1-833-827-1010
J.P. Connellan
joseph.connellan@ubs.com
Melanie Warner
melanie.warner@ubs.com
1 Institutional Capital Network, Inc. and its
affiliates (together, "iCapital Network" or "iCapital")
2 Barron's/MMI 2021 Industry Award Winner, Thought
Leadership/Education
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SOURCE UBS; Envestnet, Inc.; iCapital